Precipitate Increases Dominican Republic Landholding by Staking Additional Ground in the Tireo Gold Belt
2014年6月12日 - 12:15AM
Marketwired
Precipitate Increases Dominican Republic Landholding by Staking
Additional Ground in the Tireo Gold Belt
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 11, 2014) -
Precipitate Gold Corp. (the "Company" or "Precipitate")
(TSX-VENTURE:PRG) is pleased to announce it has acquired, by
staking, multiple new mineral concessions within the Dominican
Republic's Tireo gold belt.
The new concession applications, totalling approximately 3,114
hectares, increase Precipitate's total landholding in the Tireo
Gold Camp by approximately 40%, and extend the Company's land
position 12 kilometres to the northwest along the prospective Tireo
formation. The northern extension of Precipitate's new concession
coverage runs immediately adjacent to the western boundary of
GoldQuest Mining Corp's Las Tres Palmas property and is within four
kilometres of GoldQuest's Romero, Romero South, and Guama
discoveries. Other new Precipitate concession applications include
areas of Tireo exposures located on the east side of GoldQuest's
holdings, south of GoldQuest's Jengibre showing and west of
Precipitate's Melchor discovery. See the accompanying map
(http://media3.marketwire.com/docs/2014_06_11-NR-PRG-DR-New-Concessions-Tireo.pdf)
for detailed concession locations and geometry, or visit the
Company's website (www.precipitategold.com).
Jeffrey Wilson, Precipitate's President & CEO stated, "We're
pleased to have secured these new concessions as they increase the
amount of prospective ground now held by the Company, including
ground that until very recently was held by another applicant and
not available for acquisition. Our work in the region over the past
2 years has increased our understanding of the Tireo's geology, so
we were swift in submitting our applications when this ground
became available. Given the success achieved to date with a modest
exploration budget at our Juan de Herrera project, we're pleased to
have several kilometres of additional Tireo belt exposures to
explore. Additionally, with the recent appointment of the country's
first Minister of Mines and Energy, we expect to see acceleration
in the concession approval and exploration permitting process going
forward."
Precipitate is continuing preparations for a first phase drill
program at the Ginger Ridge Zone of the Company's Juan de Herrera
project in the Tireo belt. Details of the program will be announced
as plans are finalized.
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 &
CEO604-558-0335 or Toll Free:
855-558-0335investor@precipitategold.comwww.precipitategold.com
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