Waddell is the founder and former President and CEO of GoldQuest and is responsible for much of GoldQuest’s initial work at the Romero deposit. Alistair Waddell is a geologist with over 20 years of diverse resource industry experience, with 10 years of that centered in the Dominican Republic. Several key targets within Precipitate’s Juan de Herrera are permitted and ready for follow up drilling.Īside from having major mining companies for neighbors, Precipitate Gold also benefits from the experience of its directors. Initial drill campaigns by Precipitate evidenced the existence of mineralization on the Juan de Herrera project that is similar to the mineralization found on GoldQuest’s Tireo project. The project features numerous gold, copper and zinc targets that require follow up exploration. The project is next to GoldQuest Mining Corp.’s (TSXV: GQC) Tireo project in the western Dominican Republic. The Juan de Herrera project is also adjacent to another major player in another region of the country. Precipitate is fully permitted to drill from up to 30 individual drill locations with this large target area and delineated eight highly-prospective target areas for drilling in its upcoming initial fully-funded 8 to 10-hole drill program. Precipitate Gold has been focusing its exploration on the Loma Cuaba lithocap zone, which abuts the Pueblo Viejo mine. The mine has a projected production of approximately 600,000 ounces of gold at an all-in sustaining cost of US$650 per ounce for 2019. The Pueblo Viejo mine is the eighth-largest gold mine in the world and is the largest gold mining operation in Latin America. The company’s flagship Pueblo Grande project is contiguous to Barrick Gold (TSX: ABX) and Newmont Goldcorp’s (TSX: NGT,NYSE:NEM) Pueblo Viejo mine site on the north, east and west sides. Precipitate Gold’s current projects are strategically located in two of the Dominican Republic’s most prospective and active gold and copper mining camps. Precipitate Gold acquires 100 percent of the properties that it owns and ensures that they are not subject to any underlying vendor payments or work commitments. The company is also looking to acquire additional properties to expand its portfolio. (TSXV: PRG,OTCQB:PREIF) is a mineral exploration company that is advancing its Pueblo Grande and Juan de Herrera gold projects in the Dominican Republic. OTC Markets Group Inc.Precipitate Gold Corp. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.
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