Precipitate Enters Final Stages of Concession Application for Additional Property in Dominican Republic
2014年4月23日 - 12:00AM
Marketwired
Precipitate Enters Final Stages of Concession Application for
Additional Property in Dominican Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 22, 2014) -
Precipitate Gold Corp. (the "Company" or "Precipitate")
(TSX-VENTURE:PRG) is pleased to announce it has reached the
important and concluding application stage of its Hato Nuevo
property. In advance of a final concession grant, the Company has
reached the penultimate "Extracto stage" in the application
process. Known internally to Precipitate as the Hato Nuevo
property, the concession application is officially named "Los
Pinalitos" by Dominican Republic authorities.
The Hato Nuevo property comprises 1,444 hectares and is
contiguous to and northwest of Precipitate's Juan de Herrera
concession and immediately adjacent to the west of Goldquest's Las
Tres Palmas project. Early stage reconnaissance sampling at Hato
have yielded gold results up to 3.7 g/t in rock grab samples
(Note: Rock grab samples are selective by nature and are
unlikely to represent average grades on the property).
Precipitate's President & CEO, Jeffrey Wilson stated, "We're
pleased to have advanced a second concession application to the
Extracto Stage, as part of our intention to increase our holdings
in the favourable Tireo Gold Belt of the Dominican Republic. Upon
receipt of the final concession grant, the Company will design a
follow up program at Hato Nuevo with a view to expanding on newly
identified geochemical anomalies which were discovered during the
Company's 2013 reconnaissance exploration work."
Receipt of the Extracto represents a critical threshold in the
concession approval process. Precipitate will complete the
remaining applicant obligations in anticipation of final grant of
the concession, expected in the coming months.
Michael Moore, VP Exploration of the Company and Qualified
Person for purposes of National Instrument 43-101 has reviewed the
technical information in this news release.
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 (an ISO 9001 accredited
facility) for analyses. Samples were crushed to with up to 80%
passing 2mm and split using a riffle splitter. An approximately 250
gram sub-sample split was pulverized to minus 200 mesh (74μ). A 15
gram sub-split from the resulting pulp was then subjected to aqua
regia digestion and multi-element ICP-MS analysis.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused
on exploring and advancing its mineral property interests in the
Tireo Gold Trend of the Dominican Republic and Sonora State,
Mexico. The Company also maintains assets in northern British
Columbia and southeast Yukon Territory and is actively evaluating
additional high-impact property acquisitions with the potential to
expand the Company's portfolio and increase shareholder value.
Additional information can be viewed at the Company's website
www.precipitategold.com.
On Behalf of the Board of Directors of Precipitate Gold
Corp.,
Jeffrey Wilson, President & CEO
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release may contain "forward-looking information"
within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included
herein are forward-looking information. Generally, forward-looking
information may be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect",
"proposed", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases, or by the use
of words or phrases which state that certain actions, events or
results may, could, would, or might occur or be achieved. This
forward-looking information reflects Precipitate Gold Corp.'s
("Precipitate" or the "Company") current beliefs and is based on
information currently available to Company and on assumptions it
believes are reasonable. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of Precipitate to be materially different from those
expressed or implied by such forward-looking information. Such
risks and other factors may include, but are not limited to: the
exploration concessions may not be granted on terms acceptable to
the Company, or at all; general business, economic, competitive,
political and social uncertainties; the concessions acquired by the
Company may not have attributes similar to those of surrounding
properties; delay or failure to receive governmental or regulatory
approvals; changes in legislation, including environmental
legislation affecting mining; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations;
and lack of qualified, skilled labour or loss of key individuals.
Although Precipitate has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. Precipitate does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
Precipitate Gold Corp.Jeffrey WilsonPresident &
CEO604-558-0338 or Toll Free:
855-558-0335investor@precipitategold.comwww.precipitategold.com
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