Precipitate Granted Concession to Explore Juan de Herrera Project in the Dominican Republic
17 1월 2014 - 12:50AM
Marketwired
Precipitate Granted Concession to Explore Juan de Herrera Project
in the Dominican Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 16, 2014) -
Precipitate Gold Corp. (the "Company" or "Precipitate")
(TSX-VENTURE:PRG) is pleased to report it has received, from the
Dominican Republic's Ministry of Industry and Commerce, notice of
the final granting of the exploration concession for the Company's
Juan de Herrera project in the Dominican Republic's Tireo gold
belt. Precipitate will now plan to commence more advanced and
detailed exploration at Juan de Herrera with the objective of
defining priority targets for a possible initial program of
drilling.
Precipitate's President & CEO, Jeffrey Wilson stated "We are
pleased to have received this critical concession grant for our
Juan de Herrera project and we're keen to initiate follow up
exploration and gold target delineation. Although the process and
timeline to this point has been lengthier than anticipated, we're
appreciative of the efforts of the Dominican Government's Ministry
of Industry and Commerce, and specifically its Director of Mining,
Mr. Alexander Medina, whose department worked diligently to
facilitate this grant. With the concession now granted, Precipitate
is fully funded to initiate and complete the next phase of work at
Juan de Herrera."
The Juan de Herrera concession covers an area of 6,542 hectares
adjacent to GoldQuest Mining's Las Tres Palmas (Romero) Project
within the highly prospective Tireo formation. Precipitate's
initial programs of sampling and mapping at Juan de Herrera in late
2012 and early 2013 delineated two mineralized areas of interest
within the concession boundaries. The priority, Ginger Ridge zone
hosts a gold-rich geochemical anomaly measuring more than 1,000
metres by 400 metres, with highlight individual grab samples of
11.8 g/t gold and 39.0 g/t silver, and continuous channel samples
returning 1.5 grams per tonne ('g/t') gold and 20 g/t silver over
13.0 metres (open at both ends). These encouraging initial results
warrant follow-up exploration to better delineate potential low to
intermediate sulphidation gold-silver targets at Ginger Ridge.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused
on exploring and advancing its mineral property interests in the
Tireo Gold Trend of the Dominican Republic and Sonora State,
Mexico. The Company also maintains assets in northern British
Columbia and southeast Yukon Territory and is actively evaluating
additional high-impact property acquisitions with the potential to
expand the Company's portfolio and increase shareholder value.
On Behalf of the Board of Directors of Precipitate Gold
Corp.,
Jeffrey Wilson, President & CEO
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Michael Moore, VP Exploration of the Company and Qualified
Person for purposes of National Instrument 43-101 has reviewed the
technical information in this news release.
Additional information can be viewed at the Company's website
www.precipitategold.com.
Precipitate Gold Corp.604-558-0335Toll Free:
855-558-0335investor@precipitategold.com
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