Prior to making any investment decision, it is recommended that readers consult directly with Precipitate Gold and seek advice from a qualified investment advisor.5 23. Readers should conduct their own research for all information publicly available concerning the company. The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. INN does not endorse or recommend the business, products, services or securities of any company profiled. INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security.
#PRECIPITATE GOLD UPDATE#
The company's campaign fees pay for INN to create and update this profile. This profile provides information which was sourced by the Investing News Network (INN) and approved by Precipitate Gold in order to help investors learn more about the company. *Disclaimer: This profile is sponsored by Precipitate Gold ( PRG:CA ). Management and insiders hold 10 percent of the company’s shares.(TSXV: SMD), which owns 26 percent of the company shares. Strategic shareholders include Strategic Metals Ltd.Work is planned on the Juan de Herrera project to confirm mineralization and test new targets with similarities to GoldQuest’s Tireo project.An initial 8 to 10-hole drill program is planned to commence in the near term on the Pueblo Grande project near Barrick Gold’s Pueblo Viejo mine.Barrick Gold has expressed an interest in investing further in the Dominican Republic’s mining industry and expanding its exploration activities in the country.Both projects are adjacent to significant deposits and exploration targets.Precipitate Gold is operating in two prospective and active gold and copper mining camps in the Dominican Republic.(ASX: NCM) and Newmont Mining Corporation. Hennigh helped form Novo Resources (TSXV: NVO) and its portfolio of Australian assets and has worked for major mining firms such as Homestake Mining Company, Newcrest Mining Ltd. Another notable member of the board of directors is Quinton Hennigh, an economic geologist with 25 years of exploration experience. Waddell is the founder and former President and CEO of GoldQuest and is responsible for much of GoldQuest’s initial work at the Romero deposit. Alistair Waddell is a geologist with over 20 years of diverse resource industry experience, with 10 years of that centered in the Dominican Republic. Several key targets within Precipitate’s Juan de Herrera are permitted and ready for follow up drilling.Īside from having major mining companies for neighbors, Precipitate Gold also benefits from the experience of its directors. Initial drill campaigns by Precipitate evidenced the existence of mineralization on the Juan de Herrera project that is similar to the mineralization found on GoldQuest’s Tireo project. The project features numerous gold, copper and zinc targets that require follow up exploration.
The project is next to GoldQuest Mining Corp.’s (TSXV: GQC) Tireo project in the western Dominican Republic. The Juan de Herrera project is also adjacent to another major player in another region of the country. Precipitate is fully permitted to drill from up to 30 individual drill locations with this large target area and delineated eight highly-prospective target areas for drilling in its upcoming initial fully-funded 8 to 10-hole drill program. Precipitate Gold has been focusing its exploration on the Loma Cuaba lithocap zone, which abuts the Pueblo Viejo mine. The mine has a projected production of approximately 600,000 ounces of gold at an all-in sustaining cost of US$650 per ounce for 2019. The Pueblo Viejo mine is the eighth-largest gold mine in the world and is the largest gold mining operation in Latin America. The company’s flagship Pueblo Grande project is contiguous to Barrick Gold (TSX: ABX) and Newmont Goldcorp’s (TSX: NGT,NYSE:NEM) Pueblo Viejo mine site on the north, east and west sides. Precipitate Gold’s current projects are strategically located in two of the Dominican Republic’s most prospective and active gold and copper mining camps. Precipitate Gold acquires 100 percent of the properties that it owns and ensures that they are not subject to any underlying vendor payments or work commitments. The company is also looking to acquire additional properties to expand its portfolio. (TSXV: PRG,OTCQB:PREIF) is a mineral exploration company that is advancing its Pueblo Grande and Juan de Herrera gold projects in the Dominican Republic.
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