Post by
dmocnik@gmail.com on May 14, 2021 1:51pm
TO MANY QUESTIONS
How can the geologist in charge agree to such an irrational decision to drill at any place just to see if the drill works? I surely can not believe this excuse!
There is something going on which is definitely not in the interest of the shareholders which already were badly hurt by the BARRICK DEAL last year in which Precipitate management gave 70% ownership of its company away to BARRICK for 10 Million lousy dollars!
NOW, it looks like they intentionally produced a lousy drilling result at Ponton,which has all the geological potential to become another deposit like Pueblo Viejo, and then stop drilling to delay the drilling at places were the ought have drilled in the first place to have success!
What weird game is played here? Not even stupidity could be an excuse!
At both places there is an excellent chance to find multi million or even billion gold copper deposits!
Comment by
dmocnik@gmail.com on May 14, 2021 5:13pm
Thank you or your explanation! So it is only 70% of the Pueblo Grande asset not 70% of the Precipitate stock? If this is correct than the picture improves somewhat but the deal could have been much better! 10 Million is not really hard to get!
Comment by
dmocnik@gmail.com on May 17, 2021 10:53am
Ponton is geologically in the same formation as Pueblo Viejo and has the same alteration characteristics as Pueblo Viejo! Plenty of gold sampled in the outcrops as well! With one word it looks geologically like Pueblo Viejo before it was discovered! The potential for another large deposit is a no-brainer! IMHO it is the best target Precipitate has got because they own it 100%!