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Precipitate Gold Corp. (PREIF)

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Last Post: 1/7/2022 1:14:04 PM - Followers: 5 - Board type: Free - Posts Today: 0

Welcome to
Precipitate Gold Corp.

OTCBB(PREIF)
TSX(PRG)



http://www.precipitategold.com/s/home.asp
 Precipitate Gold Corp. is a Vancouver British Columbia based company currently focused on earning a 100% interest in three mineral concessions in the Dominican Republic. The Juan de Herrera concession has been granted, while the other two are currently under application. Two of 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 and Hato concessions directly adjoins the Tireo belt holdings of GoldQuest Mining Corp on their southwest and south sides.

In February of 2013 Precipitate announced it had reached an agreement to acquire a 100% interest in the Cecilia gold-silver project in northeastern Sonora State, Mexico. The Cecilia project is a low sulphidation epithermal gold-silver target hosting a large number of historic workings centered on gold-silver bearing quartz veins and breccia. Work by previous operators has included sampling, mapping, trenching, geophysics, and diamond drill programs. Widespread low sulphidation epithermal mineralization on Cerro Magallanes is indicative of a complex system that was subjected to several episodes of fluid flow. All prior work has focused on outcrops of the impressive Cerro Magallanes. However, there is substantial unexplored potential surrounding Cerro Magallanes, particularly on main structural trends beneath shallow cover which is an order of magnitude larger than the known exposure of the Magallanes zone. These peripheral areas have never been explored by modern methods. Precipitate's initial priority will be to confirm many of the existing gold/silver zones and generate new targets "off the Cerro" in search of new and potentially larger zones.

The Company also holds multiple gold exploration prospects 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 Resources' Justin properties. With a portfolio of 5 properties in Yukon and 2 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.

                                                              
Market Cap
6.5 M
Shares Outstanding
35.8 M
Corporate Info

Head Office

Precipitate Gold Corp.
650 West Georgia Street, Suite 1410
PO Box 11584
Vancouver, BC
Canada, V6B 4N8

Legal Counsel

Owen Bird Law Corporation
 
2900- 595 Burrard Street
Vancouver, BC
Canada, V7X 1J5

Auditors

Davidson & Company
1200 -- 609 Granville Street
P.O. Box 10372, Pacific Centre
Vancouver, BC
Canada, V7Y 1G6

Transfer Agent

Equity Financial Trust Company
Suite 1620 - 1185 West Georgia St.
Vancouver, BC
Canada, V6E 4E6
NEWS!!!!

http://www.precipitategold.com/s/news.asp?daterange=2014/01/01...2014/12/31

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