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precipitate gold corp (PRG) Snapshot

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05/2/14 - C$0.29
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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

precipitate gold corp (PRG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$135.1K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

precipitate gold corp (PRG) Key Developments

Precipitate Gold Corp. Presents at Vancouver Resource Investment Conference, Jan-19-2015 11:00 AM

Precipitate Gold Corp. Presents at Vancouver Resource Investment Conference, Jan-19-2015 11:00 AM. Venue: Vancouver Convention Center, 1055 Canada place, Vancouver, British Columbia, Canada.

Precipitate Gold Corp. Announces Results of Phase 2 Polarization Geophysical Survey At the Ginger Ridge Zone of Company's Juan De Herrera Project in the Dominican Republic

Precipitate Gold Corp. announced results from its recently completed Phase 2 induced polarization geophysical survey at the Ginger Ridge Zone within the Company's Juan de Herrera project in the Dominican Republic. The second phase of IP geophysical surveying at Ginger Ridge consisted of a total of 7.5 line kilometers primarily focused on four parallel grid lines (at 200 metre intervals) which extend 800 metres (m) northwest from the northern limit of the initial IP survey (Line 10), and 850 metres north of the company's highlight discovery drill hole 5 (Hole 5). Line 10 and Hole 5 represent a target signature of coincidental high chargeability readings with the discovery of 98.1 m of massive and semi-massive sulphide carrying multiple intervals of elevated gold mineralization (including 13.4 grams per tonne (g/t) gold over 5.0 m within 4.5 g/t gold over 18.0 m). The goal of the Phase 2 geophysical survey was to test for the continuation, and possible increase in strength, of the chargeability anomaly to the north as a means of delineating possible follow up drill targets. Highlights from the latest geophysical surveying include: Extending chargeability anomaly by an additional 850 m northward on-strike from the discovery Hole 5; Discovery of the strongest and widest chargeability readings to date in newly surveyed lines 6 and 8, which extend the anomaly to the northwest (readings up to 13.5 mV/V on Line 8); and Delineating over 1 kilometre of continuous strike length of a strong chargeability readings largely coincident with the surface multi-element geochemical anomaly, warranting systematic follow up drill testing. Ginger Ridge IP geophysical surveying now covers an area measuring approximately 1.6 kilometres by 1.0 kilometre, blanketing much of the zone's multi-element surface geochemical anomaly that marks anomalous mineralization in Tireo volcanic rocks. Field crews have reported numerous visual observations of variably mineralized surface exposures roughly coincident with the chargeability high, extending from line 2 to line 14; a distance measuring about 1.2 km. From line 2 to 18, the main high chargeability anomaly is more than 1.6 km long, with elevated chargeability readings starting at bedrock surface on lines 6, 8, 10 and 12 (up to 13.5mV/V on line 8). Readings on the north and south survey lines project the chargeability anomaly deeper to the northwest and also to the southeast, each with a reduced relative strength of up to 4.5 to 5.5 mV/V. A petrophysical study carried out on select Hole 5 drill core indicates that massive and disseminated pyrite samples have chargeability responses of 84 and 27 mV/V, respectively. The two phases of induced polarization/resistivity surveys (April & December 2014) used a 10 kW generator Time Domain IP system using the Elrec Pro 10 channel receiver with a receiver dipole spacing of 50 metres, which provided quality subsurface resolution for each 2D section schlumberger-style array. The survey was conducted by Insight Geophysics Inc. of Oakville Ontario.

Precipitate Gold Seeks Acquisitions

Precipitate Gold Corp. (TSXV:PRG) said, "Precipitate can now better deploy its current and future exploration budgets toward its Dominican Republic property assets and other possible acquisitions."


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