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Precipitate Gold Corp. (fka TSX:PRG)

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Precipitate Gold Corp. (fka TSX:PRG)

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JimLahey Free
10/22/12 6:32 PM
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Precipitate Gold Corp. (fka TSX:PRG) RSS Feed

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Precipitate Gold Corp is a Vancouver British Columbia based company initially formed to explore for new gold deposits in southern Yukon Territory and northern British Columbia. This emerging gold enriched region contains similar geology to the rocks hosting recent notable gold discoveries at ATAC Resources' Rau/Osiris, Northern Tiger's 3Ace and Aben Resource' Justin properties. With a portfolio of 15 properties in Yukon and 4 in BC, Precipitate's Canada focused exploration is targeting gold mineralization in the prospective sedimentary units of the Selwyn Basin. The Selwyn Basin was deposited at the same time period as the rocks hosting northern Nevada's gold mining districts. The recent Osiris discovery at Rau is highly analogous to Nevada's famed "Carlin type" gold deposits. As part of management's mandate to continually generate and acquire gold projects which enhance shareholder value, Precipitate has secured a 100% interest in two mineral concessions in the Dominican Republic that are currently under application. The concessions are located within the highly prospective "Tireo Gold Trend" in the western portion of the Dominican Republic. The Gold Trend runs northwesterly and ending north of the Dominican-Haitian border and is underlain by Upper Cretaceous Tireo formation volcanic and sedimentary rocks. Precipitate's Juan de Herrera concession directly adjoins the Tireo belt holdings of GoldQuest Mining Corp on their southwest and south sides. The second concession, Higos Blancos, covers part of a large exposure of Tireo formation rocks to the east.
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