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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 Newfoundland Canada and the Pueblo Viejo Mining Camp, and Tireo Gold Trend of the Dominican Republic. The Company's exploration projects include Pueblo Grande, Juan de Herrera, and Ponton. The Pueblo Grande projects land position surrounds the Pueblo Viejo mine site on the west, north and east sides, covering about 7,105.71 contiguous hectares. The Juan de Herrera Project coverers about 12,746 hectares and 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 covers 3,250 hectares and located 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

Bullboard Posts
Comment by goldhunter11on Jul 04, 2014 11:28am
156 Views
Post# 22716193

RE:DRILLING

RE:DRILLINGdmocnik,
Your one-word post says: "Drilling".
Is this message truncated? If not, could you expand the post a bit to explain what this means? Does it mean they are
- drilling now?;
- drilling soon? (if so, date please)

PRG has announced its intention to drill Ginger Ridge and has received the permit for drilling at up to 15 pads/locations. There are also discussions (Eric Coffin) that they are looking for a drill. Also, Coffin was "hinting" that GQC has two drill rigs available at their camp some 25km away. But not sure what this "hint" is supposed to mean, borrow/lease one rig from GQC?, since GQC is using one and would probably need the other one as well...GQC have 15 targets to drill in their 10,000m drill program.

We know that PRG intends to drill (and they have a permit for drilling, and looking for a drill rig), but the question is when drilling would begin. If you have a definite date, or some new information, e.g. they have a drill rig which was already moved to the site and the drill is turning, then please share with us. Since this would certainly be significant for our DD.

goldhunter
Bullboard Posts