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precipitate gold corp (PRG) Snapshot

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precipitate gold corp (PRG) Details

Precipitate Gold Corporation, a gold-focused company, engages in the acquisition and exploration of mineral properties in British Columbia and Yukon Territory, Canada, and the Dominican Republic. Its principal property consists of the Reef Property that covers an area of 8,615 hectares and is located in the Yukon Territory. The company also has interests in the Papua and Borneo properties in southeast Yukon; and Ba, Gemini, and Horneline properties that consist of 69 claims and are located in the British Columbia, as well as has an option agreement to acquire 100% interest in the Cecilia gold-silver project in northeastern Sonora state, Mexico. Precipitate Gold Corporation was founded in 2011 and is based in Vancouver, Canada.

Founded in 2011

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precipitate gold corp (PRG) Key Developments

Precipitate Gold Corp. Increases Dominican Republic Landholding by Staking Additional Ground in Tireo Gold Belt

Precipitate Gold Corp. announced that it has acquired, by staking, multiple new mineral concessions within the Dominican Republic's Tireo gold belt. The new concession applications, totaling approximately 3,114 hectares, increase Precipitate's total landholding in the Tireo Gold Camp by approximately 40%, and extend the company's land position 12 kilometres to the northwest along the prospective Tireo formation. Other new Precipitate concession applications include areas of Tireo exposures located on the east side of GoldQuest's holdings, south of GoldQuest's Jengibre showing and west of Precipitate's Melchor discovery.

Precipitate Enters Final Stages of Concession Application for Additional Property in Dominican Republic

Precipitate Gold Corp. announced that it has reached the important and concluding application stage of its Hato Nuevo property. In advance of a final concession grant, the company has reached the penultimate "Extracto stage" in the application process. Known internally to Precipitate as the Hato Nuevo property, the concession application is officially named "Los Pinalitos" by Dominican Republic authorities. The Hato Nuevo property comprises 1,444 hectares and is contiguous to and northwest of Precipitate's Juan de Herrera concession and immediately adjacent to the west of Goldquest's Las Tres Palmas project. Early stage reconnaissance sampling at Hato have yielded gold results up to 3.7 g/t in rock grab samples. Receipt of the Extracto represents a critical threshold in the concession approval process. Precipitate will complete the remaining applicant obligations in anticipation of final grant of the concession, expected in the coming months. Rock samples were bagged, sealed and delivered directly to Acme Labs preparation facility in Maimon Dominican Republic where they were dried, crushed and pulped. Sample pulps were then delivered to Acme labs facilities in Vancouver BC for analyses. Samples were crushed to with up to 80% passing 2mm and split using a riffle splitter. An approximately 250 gram sub-sample split was pulverized to minus 200 mesh (74). A 15 gram sub-split from the resulting pulp was then subjected to aqua regia digestion and multi-element ICP-MS analysis.

Precipitate Gold Corp. Receives Diamond Drill Permit for Ginger Ridge Zone in Dominican Republic

Precipitate Gold Corp. announced that is has received government authorization to diamond drill test its Ginger Ridge zone within the Company's Juan de Herrera concession in the Dominican Republic. The Ministry of Environment and Natural Resources of Dominican Republic has granted Precipitate a diamond drilling permit to drill test the Ginger Ridge zone from up to fifteen drill pad locations. Importantly, the Company has also obtained drilling authorization from local surface land holders and the support of the region's major municipal representatives. Precipitate has commenced planning for an initial diamond drill program at Ginger Ridge, where recent geochemical and geophysical results have provided multiple priority targets for an initial phase of drill testing. In March 2014, grid-based soil sampling defined a northwest-southeast trending gold enriched multi-element anomaly measuring more than 2,000 meters ('m') by 450 m, with a robust multi-element central core measuring 1,000 m by 450 m. Within the surface gold anomaly, recent work extended a 13.0 m mineralized trench to 32.5 m grading 1.0 g/t gold and 18 g/t silver, including 23.0 m of 1.3 g/t gold and 22 g/t silver, while remaining open to the north and weakly to the south. At the same time, a new trench was dug perpendicular to this trench and returned open ended mineralization over 15.0 m grading 1.6 g/t gold and 25 g/t silver. An IP geophysical survey was recently completed over the central core of the gold anomaly, and returned encouraging results indicating a strong correlation between the surface gold-in-soil anomaly and sub-surface chargeability and resistivity highs over a measured strike length exceeding 800 m. The geophysical chargeability anomaly remains open in both directions and at depth and will be the primary target of proposed diamond drill testing.


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