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Last C$0.13 CAD
Change Today +0.005 / 4.00%
Volume 16.0K
PRG On Other Exchanges
As of 11:41 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

precipitate gold corp (PRG) Snapshot

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09/22/14 - C$0.25
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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$155.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

precipitate gold corp (PRG) Key Developments

Precipitate Gold Corp. Announces Results and Interpretation of Ground Magnetics Geophysical Survey at the Ginger Ridge Zone

Precipitate Gold Corp. announced results and interpretation of a ground magnetics geophysical survey at the Ginger Ridge Zone within the Company s Juan de Herrera project in the Dominican Republic. As a complement to its Ginger Ridge induced polarization geophysical survey, the Company completed a ground magnetic geophysical survey. The primary goal of the magnetic survey was to aid interpretation of the lithological and structural features of the main target area. The survey covered an estimated 13 grid line kilometres over the main exploration area. See the accompanying magnetic survey map figure and the company s website for additional compilation illustrations. The magnetic survey successfully: defined a linear magnetic low measuring about 1,000 metres long coincident with the main sulphide-silica-gold zone and also its strong chargeability high induced polarization anomaly; identified major lithological contacts and possible structural breaks which previously were only inferred or unknown; defined the contact, or thrust, between younger non-magnetic limestone rocks to the west and strongly magnetic Cretaceous Tireo volcanics to the east, by tracing a clear northwest trending contour over the crest of Ginger Ridge itself; provided a useful and inexpensive exploration tool to be utilize elsewhere throughout the project area to attempt to identify similar prospective new anomalies.

Precipitate Gold Corp. Auditor Raises 'Going Concern' Doubt

Precipitate Gold Corp. filed its Annual on Mar 18, 2015 for the period ending Nov 30, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Precipitate Gold Corp. Announce Results from Surface Rock Sampling of Juan De Herrera Project

Precipitate Gold Corp. announced results from surface rock sampling collected in December 2014 during the Phase 2 induced polarization geophysical survey at the Ginger Ridge Zone within the company’s Juan de Herrera project in the Dominican Republic. During the second phase of IP geophysical surveying at Ginger Ridge field staff collected 96 surface rock grab samples over the surface projection of the new northern extension of the chargeability high anomaly, extending from grid line 10 to line 2; an estimated distance of 850 meters north of the company’s highlight discovery drill hole 5. Highlights from the rock surface sampling program include: mineralization and alteration is predictable and traceable on surface overlying the target chargeability high anomaly; anomalous gold and related pathfinder elements define an expanded NW-SE geochemically anomalous trend measuring about 1.2 kilometers long; the strongest and widest IP chargeability portion of the chargeability anomaly, between lines 6 and 9 (a distance of 300 m), is coincident with locally robust surface pyrite/silica mineralization and elevated gold and base metal values in analytical results; and together, the new rock sampling and IP results suggest that mineralization between lines 6 and 9 is near surface and has a similar tenor as a gold anomalous pyrite-rich interval in the upper portion of Hole 5 (located 60 m south of line 10). Focused rock grab sampling was carried out by following the surface projection of the IP chargeability high anomaly in a northwest direction from line 10 to line 2. When combined with earlier surface geochemical samples, an estimated 1,200 m long gold (plus other pathfinder elements) anomaly has been delineated; starting from the main trench at line 14 to the northern limit of sampling program north of line 2. Observations by company technical staff report that these recently collected Tireo volcanic rock samples display local clusters of strong silica alteration and highly elevated pyrite concentrations (fine grain disseminations up to 35% locally). In general, rock samples collected from siliceous and pyritic outcrops typically report elevated values in gold and other pathfinder elements (such as arsenic, antimony, bismuth and base metals). Analytical results for the December rock grab samples report values ranging from nil to a high of 1.8 grams per tone gold (from a sample collected north of line 2). Rock samples collected between lines 6 and line 9, the area underlain by most of the strongest and widest IP chargeability anomaly, show locally robust surface pyrite/silica mineralization and coincidently elevated gold and base metal analytical values. Together, these new rock samples and the IP survey results suggest that mineralization between lines 6 and 9 is near surface and has a similar geochemical tenor as a gold anomalous pyrite-rich interval in the upper portion of Hole 5 (located 60 m south of line 10). Rock samples were bagged, sealed and delivered directly to Acme Labs preparation facility in Maimon Dominican Republic where they were dried, crushed and pulped. Sample pulps were then delivered to Acme labs facilities in Vancouver BC for analyses. Samples were crushed to with up to 80% passing 2 mm and split using a riffle splitter. An approximately 250 gram sub-sample split was pulverized to minus 200 mesh (74). A 15 gram sub-split from the resulting pulp was then subjected to aqua regia digestion and multi-element ICP-MS analysis. All rocks were subjected fire assay for gold analysis (30 g pulp).


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