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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

Comment by sootson May 14, 2021 2:46pm
127 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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