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Kamis, 02 Desember 2021

Welcome To The White Gold Corp. Community!

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Thank you for joining White Gold Corp’s investor community!

 

In this three-part email series you’ll learn about our jurisdiction, our projects and our incredibly experienced management team.

 

White Gold Corp. is a Canadian gold exploration company operating exclusively in the prolific White Gold District located south of Dawson City in northwest Yukon, Canada.

 

White Gold is traded on the TSX.V: WGO, OTCQX: WHGOF and FRA: 29W.

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White Gold's district scale land package spans over 420,000 hectares, representing 40% of the District and includes defined gold deposits and exciting discovery-stage exploration targets.

 

Dawson City and The White Gold District are truly historical regions of Yukon. With limited modern-day hardrock exploration despite over 20 million ounces of placer mining production since 1896, the gold exploration opportunities are unrivaled.    

 

Led by prolific prospector Shawn Ryan, our experienced team have developed an innovative data driven exploration strategy that continues to deliver significant new discoveries, while advancing a robust pipeline of exciting early-stage projects. 

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The Klondike Gold Rush was a prolific period in Yukon’s history, seeing over 100,000 prospectors from across North America rush to Dawson City between 1896-1899 in search of riches. This period has been immortalized by film, literature and television.

 

But for more than a century, the source of the gold found in the region’s riverbeds was largely unexplored with limited modern hard-rock exploration until the early 2000s.

 

In the modern Yukon gold rush lead by White Gold Corp, the Company’s gold resources include its flagship Golden Saddle and Arc deposits which collectively contain Indicated Resources of 1,140,000 ounce at 2.28 g/t Au and Inferred resources of 402,100 ounces at 1.39 g/t Au, and the VG deposit which contains Inferred Resources of 267,600 at 1.62 g/t Au, all of which remain open for expansion.

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SHAWN RYAN | CO-FOUNDER, CHIEF TECHNICAL ADVISOR & DIRECTOR

Shawn has over 20 years of experience prospecting gold across the Yukon. A global leader in his field, his prospecting and specialization in advanced soil work led to the discovery of millions of gold ounces including the Golden Saddle & Arc, Coffee, and QV gold resources. This success has also been recognized with Shawn winning the 2011 PDAC Prospector of the Year Award, 2010 Spud Huestis Award and the 1998 Yukon Chamber of Mines Prospector of the Year Award. Shawn continues to be an active participant with his technical teams, constantly improving efficiencies with his methodological exploration techniques.


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DAVID D’ONOFRIO | CHIEF EXECUTIVE OFFICER & DIRECTOR

David has over a decade of experience in corporate finance and capital markets with a focus on the natural resource sector. As an executive with the PowerOne Group he has developed a depth of knowledge in representing, advising, and assisting emerging companies in accessing capital, advising on mergers and acquisitions and managing their businesses. David is a Chartered Professional Accountant and has also served in a variety of executive roles and director positions to a wide array of private and public enterprises.


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TERRY BRACE | VP, EXPLORATION

Terry brings over 25 years of diversified experience in the mineral exploration and mining industry, covering exploration, environmental management, community relations and more. Terry has held senior positions with major, mid-tier and junior companies including Teck Resources, Noranda, Pan American Silver, Cornerstone Resources and Thundermin Resources. During that time, Terry worked on and managed projects in several regions of Canada and in Latin America. From 2008 through 2013 he served as Vice President Exploration for Cornerstone Resources and most recently as Senior Exploration Geologist with Pan American Silver in Timmins, Ontario.

STRATEGIC PARTNERS

Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC) are both significant strategic partners of White Gold Corp., with each owning approximately 17% of the Company. These industry titans provide valuable technical expertise and financial support on White Gold’s path forward. 

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About White Gold Corp.

 

The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization at the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s VG deposit acquired in March 2019 hosts an Inferred Resource of 267,600 ounces of gold at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation, and Western Copper and Gold Corporation’s Casino project. For more information visit www.whitegoldcorp.ca.

 

(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR.

(2) See White Gold Corp. press release dated November 11, 2021 “White Gold Corp. Announces 16% Increase to Inferred Resources at its VG Deposit Located 11 km North of its Flagship Golden Saddle and Arc Deposits, Yukon, Canada”.

 

Cautionary Note Regarding Forward Looking Information

 

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

 

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:

the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

 

For Further Information, Please Contact:

 

Contact Information:

David D’Onofrio

Chief Executive Officer

White Gold Corp.

(647) 930-1880

ir@whitegoldcorp.ca

 

To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/

Rabu, 01 Desember 2021

GSilver Closes C$8.19M First Tranche of Private Placement



GSilver Closes C$8.19M First Tranche of Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / December 1, 2021 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the "Offering") of up to 16,000,000 units (the "Units") at a price of C$0.55 per Unit first announced on November 18 (see Guanajuato Silver news releases dated November 18, 2021 & November 29, 2021). The Company has issued a total of 14,957,672 Units for gross proceeds of $8,195,920; each Unit consists of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of C$0.75 for a period of two years from of closing, subject to acceleration in certain events.

James Anderson, Chairman & CEO, commented, "Participation from all of our largest shareholders - Endeavour Silver Corp., Myrmikan Capital LLC., VBS Exchange PTY Ltd., - in this strategic financing affirms the tremendous value and potential of our precious metals mines, while also endorsing our vision for growth and expansion within the Guanajuato Mining District. With a healthy treasury now in place, we will continue to focus on successfully completing the ramp-up at El Cubo, which is intended to see increasing mined tonnage, higher precious metal grades, overall improved recoveries, and above all, consistent silver-gold concentrate sales."

Certain directors and officers of the Company also purchased, directly or indirectly, an aggregate of 2,712,400 Units totalling C$1,491,820 of the Offering.

The net proceeds from the Offering will be used to fund the ongoing exploration, development, and expansion of the Company's El Cubo mine and mill complex and El Pinguico silver and gold project, and for general corporate and working capital purposes.

The Company has paid finder's fees in connection with the first tranche of the Offering totalling approximately $80,700 cash and finder warrants to purchase up to 78,144 common shares of the Company on the same terms as the Warrants in accordance with the policies of the TSX Venture Exchange.

The Company also announces that it has issued an additional 901,224 common shares to Endeavour Silver Corp. (the "Endeavour") at a deemed price of C$0.55 per share in settlement of Mexican value added tax totalling C$495,573 (US$396,000) payable to Endeavour in connection with the Company's early payment of the US$2.5 million promissory note issued pursuant to the Company's acquisition of the El Cubo mine and mill complex as announced November 16, 2021 (the "VAT Settlement").

All securities issued in connection with the first tranche of the Offering and the VAT Settlement are subject to a four month hold period expiring April 1, 2022.

The acquisition of Units in the Offering by Endeavour and certain directors and officers of the Company (collectively "Insiders") and the issuance of common shares to Endeavour pursuant to the VAT Settlement constitute "related party transactions" as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In completing such transactions, the Company has relied upon exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) thereof on the basis that neither the fair market value of the Units issued to the Insiders under the Offering nor the fair market value of the VAT Settlement with Endeavour, in either case, exceeded 25% of the Company's market capitalization.

About Guanajuato Silver Co. Ltd.:

GSilver mines and processes silver and gold concentrate from its El Cubo mine and mill. The Company continues to delineate additional silver and gold resources through underground drilling at El Cubo and its nearby El Pinguico project. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.

ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO

For further information regarding Guanajuato Silver Co. Ltd, please contact:

JJ Jennex, Communications Manager, +1 (604) 723-1433

Email: jjj@gsilver.com

Continue to watch our progress at: www.GSilver.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Statements

This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the total proceeds to be raised under the Offering and the timing thereof and the use of proceeds therefrom. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to successfully ramp-up and maintain production at the El Cubo mill to process mineralized materials to produce silver and gold concentrate in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's recently announced preliminary economic assessment and projected production of silver and gold will be realized. There is also uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.

Guanajuato Silver Company Ltd.
PH: +1(778) 989-5346 E: info@GSilver.com W: GSilver.com
CA: Suite 578 - 999 Canada Place, Vancouver B.C. V6C 3E1
MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico

SOURCE: Guanajuato Silver Company Ltd.



View source version on accesswire.com:
https://www.accesswire.com/675447/GSilver-Closes-C819M-First-Tranche-of-Private-Placement

Copyright © 2021 Guanajuato Silver Company Ltd., All rights reserved.
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Our mailing address is:
Guanajuato Silver Company Ltd.
578 – 999 Canada Place
Vancouver, BC V6C 3E1
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Precipitate’s Airborne Magnetic Survey Delineates Multiple New Priority Targets at Motherlode Gold Project, Newfoundland Canada

Precipitate's Airborne Magnetic Survey Delineates Multiple New Priority Targets at Motherlode Gold Project, Newfoundland Canada

Vancouver, B.C. – December 1, 2021 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce results and interpretation of the airborne geophysical survey conducted over the entire Motherlode Gold Project, within the Burin Peninsula of southern Newfoundland, Canada.

Interpretation of the high sensitivity magnetic and radiometric geophysical survey data, in tandem with the recently completed Project-wide analysis of surface geochemical samples (soil, rock, till and lake) and surface structural lineaments, has successfully delineated numerous exploration target areas: 7 high priority targets, 11 secondary targets and 7 lower priority target areas. See the accompanying maps or the Company's website for additional illustrations of the Motherlode magnetic and historical data illustration maps.


Figure 1: Priority Target Areas

Figure 2: Magnetic Survey

Figure 3: Magnetic Target Compilation

Jeffrey Wilson, Precipitate's President & CEO stated, "Airborne magnetic geophysical surveying is a proven and highly effective guide for highlighting areas of potential gold mineralization. We are very pleased with the Motherlode geophysical survey results as they provide far greater geophysical detail than the existing government regional scale magnetic data. When this latest information is combined with our historical exploration analysis, we are able to identify new potential targets and refine existing ones where additional field work is warranted. The Company will now commence a follow up program of detailed sampling, geological mapping and focussed ground geophysical surveying within prioritized areas for ongoing advancement and drill target delineation."

These prioritized target areas are characterized by combinations of important coinciding characteristics for vectoring structurally related orogenic gold style mineralization observed at Motherlode. Favourable characteristics include (i) magnetic linears and their crosscutting intersections that denote potential quartz-silica-gold mineralization structural hosts (contacts, faults, shears and folds), (ii) surface sample geochemistry with elevated concentrations of gold and arsenic, and various other pathfinder elements, and (iii) preferred host rock types, particularly metavolcanic or gabbro lithologies. Interestingly, a number of the high and secondary priority areas have little to no reported historical surface sampling and none of the target zones have seen a modern ground geophysical survey.

Additionally, the Company plans to conduct 3D inversion computer modelling of the magnetic data to gain insight on the sub-surface geophysical characteristics of the various linear features in advance of ground geophysical surveying and future drill target selection.

The airborne geophysical survey was carried out by Precision GeoSurveys (Langley, British Columbia). A total of 1,745 line kilometres were surveyed, with 135˚/315˚ oriented lines, at 75 metre wide line spacing and a mean terrain clearance of 40 metres.

Motherlode Gold Project, Major Attributes:

  • 11 historical mineral occurrences, including 8 gold showings;
  • Select Historical sampling highlights*: Rock grab samples: 25.0 g/t Au, 15.7 g/t Au, 11.6 g/t Au, 6.3 g/t Au & 4.5 g/t Au. Channel samples: 0.5m of 4.5 g/t Au, 1.5m of 10.1 g/t Au, 6.2m of 3.6 g/t Au;
  • Airborne magnetic geophysics, surface geochemical samples (elevated gold and arsenic) and surface structural lineaments, identifies 7 high priority and 11 secondary priority target areas;
  • Located within Newfoundland's Burin Peninsula, a current gold exploration focus of many other junior explorationists;
  • District-scale potential within a 12,350 hectare project, an estimated 16.5-km long exploration trend hosted in late Proterozoic-age Burin Group volcanic and ultramafic rocks;
  • Structurally related orogenic gold style mineralization, where gold enriched quartz veins-stockworks are strongly associated with shears, faults and folds containing low pyrite and arsenopyrite sulphide concentrations; and
  • Excellent year-round road access, with highway access, a high-power electrical line bisecting the project, and nearby Atlantic Ocean ports.

For reference: g/t = grams per tonne, Au = gold, m = metres

* High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property.

This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards.

The helicopter-borne (Bell 206) geophysical survey was completed by Precision GeoSurveys (Langley, British Columbia) using high sensitivity magnetic and radiometric detectors. Specifically, a Scintrex CS-3 cesium vapor airborne magnetometer sensor; sensitivity >0.01 nT and sampling rate of 20 Hz providing sample spacings of 1-2 meters, in a nose-mounted stinger configuration with 3-axis real-time compensation and a 8.4 liter of self-calibrating downward-looking NaI(Tl) gamma radiation detection crystals with 256 channel output at 1 Hz sampling rate. A total of 1,745 line kilometres were surveyed, with 135˚/315˚ oriented lines, at 75 metre wide line spacing and a mean terrain clearance of 40 metres.

About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Dominican Republic. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company's Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in other favourable jurisdictions.

Additional information can be viewed at the Company's website www.precipitategold.com.

On Behalf of the Board of Directors of Precipitate Gold Corp.,
"Jeffrey Wilson"
President & CEO
For further information, please contact:

Tel: 604-558-0335 Toll Free: 855-558-0335 investor@precipitategold.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Copyright © 2021 Precipitate Gold Corp., All rights reserved.
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Our mailing address is:
Precipitate Gold Corp.
625 Howe Street, Suite 1020
Vancouver, BC V6C 2T6
Canada

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Precipitate Gold Corp. · 625 Howe Street, Suite 1020 · Vancouver, BC V6C 2T6 · Canada