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Last C$0.18 CAD
Change Today -0.005 / -2.78%
Volume 89.5K
PRG On Other Exchanges
As of 3:55 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

precipitate gold corp (PRG) Snapshot

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05/2/14 - C$0.29
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12/18/14 - C$0.11
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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. 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).

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.


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