This is investingnews.com. I'm Georgia Williams and we're here at day three of the PDAC conference in Toronto. Joining me today is Jeff Wilson, president, CEO, and director of Precipitate Gold. It's nice to see you, Jeff. >> Thanks for having me. >> How's the conference been so far? >> So far, it's been very busy. It's been good. There's a, you know, there's definitely a heightened energy and excitement with, you know, what seems to be the the bull sort of commodity cycle


that we're in and u, you know, most of the companies are cashed up and people are active on projects. So, yeah, there's a real sense of optimism, I think, uh, more so than any other year that I can remember. >> Yeah, it's a very exciting conference. >> Yes, it is. Absolutely. >> I was wondering if we could start with your your ticker symbol and what exchanges you're on. >> Absolutely. So, we uh trade on the TSX Venture Exchange under the symbol PRG and on the OTC QB exchange under the


symbol P R E IF. >> Awesome. And uh you're a precious metals company focused in the Caribbean. Can you tell us a little bit about that and what a dream destination it must be? >> Yeah, it's a unique uh scenario in that, you know, most people don't think of the Dominican Republic specifically as a mining destination. uh they think of of course the resorts and and holiday uh destinations but um it is in fact a country that hosts one of the largest gold and copper mines in the world and


certainly one of the top five uh in Latin America so uh that's barracks PBlo VJO mine so there is a mining history there as much as a lot of people may not be aware of that and uh in recent say the the recent decade or so there's been an increased push in mineral exploration uh looking to find more deposits more mineralization throughout the country because the country has been you know fairly aware aware that they need to diversify their economy away from just manufacturing and and tourism and they


see mining and specifically gold exports as a real opportunity to uh to diversify that economy. So they've been very um promining and supportive of the mining sector and although there's only a handful of us that are there exploring uh we think there's great opportunity there as well. >> Yeah, it's really exciting. The company uh started the year closing a $6.5 million private placement. Congratulations. Thank Where are you planning on deploying that capital? >> Yeah, that money will be added to the


already sort of 3.5 million that we had in the bank. So, we sort of come into the beginning of the year here with about $9 million in the bank. Um, the majority of that is actually going to be spent on drilling. For the last 18 months or so, we've been very um uh fixated or or focused on sort of low-level work that is advancing targets. You know, geochemistry, geoysics, you know, relatively inexpensive work, but moving targets forward to get everything to a stage where the only thing left to do is


drill. uh you know as it's turned out the timing of those drill targets being prepared has coincided nicely with not only the financing that you just mentioned but also you know as I mentioned earlier you know sort of a market that seems to be more favorable and so all of that is lining up for us to um deploy that capital into drilling on two different projects um and probably drilling somewhere in the ballpark of four or five different distinct targets within those two projects and all of that should amount


to somewhere in the ballpark of about 10,000 meters worth of drilling. So, it'll be a very active year for us. The drill programs will run right through the calendar year is my expectation. Uh, and so, of course, along with that, we'll have a steady flow of news and catalysts and and hopefully some positive results that come out the back end of that. >> And I'm assuming the nice thing about working in the Caribbean is that you can work all year round. >> Yeah, there's a there's a bit of a rainy


season uh in the fall. Uh, it doesn't it doesn't impede our ability to work. It just means we, you know, it just gets a bit wet and and it kind of slows down activity a little bit in terms of mobilizing. But uh no, it's it's a great place to be. We can we can drill drill and explore year round. And uh at specifically at this time of year, we've got a lot of runway before that rainy season. So we've got a good sort of six months or so here where we can be very active in what I would consider to be


sort of the opportune uh time of year. >> And now like on the granular project level in mid January, the company performed a geoysical survey at targets in the Wanda Herrera project. What did the survey identify? Yeah, we had done prior work that that delineated geochemical anomalies or target areas on the project and uh the next step of that or the next layer of of sort of um science if you will is to go over those same areas and conduct the geohysical surveys that you're talking about. And


what we're looking for is basically whether or not we get some sort of a charge reading, you know, a chargeability reading below surfaces, especially if that's situated right underneath the gold and copper at surface. And so we surveyed we did that geohysical surveying over uh four different distinct geochemical anomalies and uh as we had hoped we did see that chargeability signature sitting underneath the geocchem surface and quite large areas you know areas stretching kilometer kilometer and a


half uh in strike and you know 4 500 meters in width. So big targets big anomalies uh and and in most cases in areas that have never been drilled. So these are these are areas that have now sort of taken that last step towards uh a drill stage and the only thing left to do with all of those targets is to drill them. >> And you mentioned that you also have another project uh and you released some news from the Pablo Grande project where you were reviewing some data. What was the data showing you? Yeah, the the


project had been uh it's it's 100% owned by precipitate, but uh going back to 2020, we entered into an earning agreement with Beric uh because the project does surround Beric's PBlo VJO mine in that country. And so they were sort of a bit of an obvious uh partner for exploring and and during a difficult time going back to 2020 when the markets were a little bit more lean. You know, the ability to have barracks spend the money and utilize their incountry and regional expertise was helpful to us. So


they spent about $7 million there. They did do some drilling. Uh in the end they gave the project back to us last April. Um and it was during that data review of saying okay they've spent money they've done work let's take a look at what you know really is uh is in the data package. We identified something that we thought had been either overlooked or underappreciated by Bareric. Uh we went and followed that up with our own again geohysical surveying looking for that chargeability anomaly in an area that's


located about 800 m to a kilometer away from you know one of the largest gold mines in the world. And uh sure enough we we again identified that strong chargeability anomaly at surface uh sitting somewhere between 100 meters and maybe 350 meters. So we would consider that quite shallow. Uh and again we we we don't see from the historic drilling uh any drills that intersected this new anomaly. So it's an untested uh new large anomaly situated in a in a in a highly prospective area next to a big


gold mine and and we plan to drill that uh in this quarter. >> That's an exciting discovery. >> Yeah, absolutely. um you know looking into Q2 and beyond what are some of the catalysts investors should be watching out for? >> Yeah, well like I said before this is really going to be an active year uh for drilling for us and you know that really is sort of the um the phase at which you know the the junior exploration um industry you know things get the most exciting when you're drilling and and


looking for new discoveries and this will be exploration drilling discovery type drilling. Again mo most of these targets have never been drilled before. Uh so any success that we have with the drill bit would would be uh would be a major discovery for us and then we would look on the back of that to do more delineation type drilling where we try to find sort of the edges of any mineralization we find. So you know we're going to start out here this quarter with the commencement of drilling at PBLO Grande as you


mentioned. Um that will run somewhere in the ballpark of two or three months in terms of completing that drill program. Uh during that time we'll be prepping up for a number of different targets at Wanda Herrera. uh and with the expectation that being somewhere in and around you know um you know sometime around let's call it May uh we're maybe then able to deploy drills to Wanda Herrera and that will be a program that should run through the balance of 2026 and perhaps beyond. Um you know what


comes out of the back of that in terms of results and catalysts and news is all going to be dependent upon what kind of assays we see from the labs. But uh we've got lots of targets and so you know there's lots of work to be done and obviously lots of work has the potential anyway to generate lots of results. >> Yeah. You'll have to come back and give us an update. >> Happy to do so. >> It was lovely to speak with you, Jeff. >> Thank you. >> Thanks. Once again, I'm Georgia Williams


and that was Jeff Wilson, president, CEO, and director of Precipitate Gold.