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Precipitate Comments on Positive Developments in Dominican Republic Environmental and Social Impact Assessment Process
(TheNewswire) Vancouver, B.C. – TheNewswire - December 2, 2024 – ...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate Comments on Positive Developments in Dominican Republic Environmental and Social Impact Assessment Process\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, B.C. –\n \n\n TheNewswire -\n \n\n December 2, 2024 –\n \n\n Precipitate Gold Corp.\n \n\n (the “\n \n\n Company\n \n\n ” or “\n \n\n Precipitate\n \n\n ”)\n(TSXV: PRG, OTCQB: PREIF) is pleased to report encouraging\ndevelopments with respect to mining and environmental policies in the\nDominican Republic (the “\n \n\n DR\n \n\n ”) The Government of the Dominican\nRepublic has recently implemented positive changes to Dominican\nenvironmental regulations that streamline processes and enable mineral\nexploration and development applicants to proceed to the Environmental\nand Social Impact Assessment (\"\n \n\n ESIA\n \n\n \") process\nprior to being granted an exploitation concession.\n \n\n\n\n By way of recent DR government environmental legal\nresolutions, concession holders can now commence the ESIA assessment\nprocess in advance of an exploitation licence. ESIA reporting includes\ncritical details that will allow Dominican authorities to evaluate the\ndesign, scope and execution of a potential mining project to the level\nthat is consistent with a full feasibility study using appropriate\ncost estimates and market studies, with equal consideration to\nenvironmental sustainability and local community input and\ncollaboration.\n \n\n\n\n Jeffrey Wilson, Precipitate’s President and CEO\nstated, “We see this environmental regulation as a significant and\npositive step forward for mineral exploration and mining in the\nDominican Republic. This updated regulation aligns the DR’s mining\nand environmental policies with those already in place in many other\nenvironmentally responsible mining jurisdictions. Acknowledging that\ncommunity engagement and collaboration will always be an integral part\nof any successful mining scenario, this process allows companies like\nPrecipitate to systematically advance projects from exploration\nthrough development and toward an environmentally responsible mining\ndecision with a greater level of confidence. As such, we anticipate\nincreased exploration budgets to be allocated to Precipitate’s\nexisting Dominican Re...