Precipitate Gold Corp V.PRG

Alternate Symbol(s): PREIF

Metals & Mining Gold

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.

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Precipitate Gold Corp > Dang both of you haven"t read it!

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Post by tarsandson Apr 01, 2021 3:35pm

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Post# 32924629

Dang both of you haven"t read it!

Both dmocnik & Craz1357 so I might as well post it as seems like the only ones still with the stock with any hopes are us 3 maybe 5 posters here!

So here goes: Remember though this is his email reply, not an official news release.

My questions were the ones with a $ beside them. His replies are the ones with the # beside them.

$ I am wondering if the team from Barrick is done drilling or are they close yet? LOL>

#Based on my last communication with Barrick, they anticipated the drilling would be completed close to the end of March. I have not heard official word yet, but I suspect they are close to being done.

$Do you know how many holes are drilled ?

#They planned to drill 12 to 15 holes for a total of about 3,500 metres. Again, I have not received further notice to what the final number will be upon completion.

$How many do they have in the lab?

#I don’t have any insight on whether or not any of the earlier holes were submitted to the lab or if they intend to wait until the program is completed and send all samples at once.

$And at Pontoon any idea on results from those 2 holes?

#Nothing yet. Like most other companies, turn-around times at labs have been quite long lately.

$Any idea with the dissidents? Has any governmental agency been out too talk with them?

#We made good headway with the locals at Ponton. We have had good conversations and received invaluable guidance and insight from both local and federal governments. I am reluctant to speculate on an exact timeline on when we might start but I think we’re close. I am confident we’ll be able to re-start the drill program soon.

$Any idea on GNQ"s licencing problems relating too our Juan de Herrera property?

#The government and the President of the country have spent a fair bit of time communicating with the people of San Juan (the region where GoldQuest’s Romero and our Juan de Herrera are located). The process to get the Romero project permitted has taken longer than I thought it might but it appears the new government and various new Ministers understand that the investment community is watching closely to see how the DR manages this important issue. I hope they reach a positive decision and grant GoldQuest the permit soon. As you point out, this would have an immediate positive impact on Precipitate and our Juan de Herrera project.

$Any governmental movement on things?

#In general I am happy with the new government as they seem keen on promoting increased mining and natural resource extraction as a means of improving and diversifying their economy.

Thanks