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Precipitate Gold Corp V.PRG

Alternate Symbol(s):  PREIF

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 dmocnik@gmail.comon May 10, 2021 3:16pm
67 Views
Post# 33166663

RE:RE:Febuary 25th or 74 days ago

RE:RE:Febuary 25th or 74 days ago

I agree, and imagine following  scenario:
Precipitate starts drilling and one or both holes show good sulfide mineralization. Most likely the second hole was the first or even the better one ! There might have even been visible gold in the core which is often the case in the oxydation zone .The drilling crew is leaking to the people around and as a result people starting protesting with the purpose of getting some money or other concession from Precipitate! Kind of black mailing!
I do not know the mining law of the DR  and therefore do not know if the owners of the land have rights to the mineral underneath!? Most likely not!
Somebody mentioned that PRG is negotiating with the community!? IMHO it really ought not to
be so difficult to negotiate an option agreement with the land owners and to let them have a few bredcrumbs of any potential riches underneath! Actually it would only be fair enough!

Precipitate is not a good negotiator! The Barrick deal is an example for that weakness!

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