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Precipitate Gold Corp PREIF


Primary Symbol: V.PRG

Precipitate Gold Corp. is a Canada-based mineral exploration company focused on exploring and advancing its mineral property interests in the Dominican Republic. The Company's gold exploration projects include Pueblo Grande, Juan de Herrera and Ponton, which cover a combined area of approximately 23,061 hectares. The Company owns a 100% interest in the Pueblo Grande Project, which surrounds the high sulphidation epithermal Pueblo Viejo gold mine on the west, north and east sides. The Company, through its subsidiary, 0945044 BC Ltd., has 100% ownership of the Juan de Herrera Project, which is located within the prospective Tireo Gold Trend of western Dominican Republic, directly adjoining GoldQuest Mining Corp on the south and west sides of its Tireo Gold Project. The Ponton Project, located approximately 25 kilometers east of Pueblo Grande, is an early-stage gold epithermal exploration target hosted in similar Los Ranchos Formation volcanic rocks as found at Barrick's Pueblo Viejo.


TSXV:PRG - Post by User

Comment by sootson May 14, 2021 2:46pm
114 Views
Post# 33204754

RE:TO MANY QUESTIONS

RE:TO MANY QUESTIONSPRG only gave the POSSIBILITY of a 70% share of Pueblo Grande to Barrick, IF Barrick achieve drilling targets + pre-feasibility study inside a 6 year window.  If this is not done, Barrick get nothing.

Ponton and Juan de Herrera are both outside this agreement with Barrick.

So it's early days to write off PRG.  But with the amount of gold in the DR, I would not be surprised if they come up trumps in all 3 locations, given time.
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