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Precipitate Granted Additional Exploration Concessions and Files Maiden NI 43-101 Report on Juan de Herrera Project in the Dominican Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 25, 2016) - Precipitate Gold Corporation (the "Company" or "Precipitate" or "PRG") (TSX VENTURE:PRG) is please
About this update from Precipitate Gold Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 25, 2016) - Precipitate Gold Corporation (the \"Company\" or \"Precipitate\" or \"PRG\") (TSX VENTURE:PRG) is pleased to announce it has received, from the Dominican Republic authorities, final grant of two wholly owned exploration concessions, namely the \"JDH Oeste\" and \"Cuarita\" concessions. These newly granted concessions make up portions of the Company's Juan de Herrera project located within the Tireo Gold Camp of the Dominican Republic (see map for concession locations: http://media3.marketwire.com/docs/160425_PrecipitateGoldCorporation_map.pdf). Precipitate's President & CEO, Jeffrey Wilson states, \"We are pleased to have received these two new concession grants, as they represent near completion of the Company's total property concession applications. With only a single concession application remaining, the Juan de Herrera project now has 98% of its area fully granted, thus permitting the Company to conduct systematic exploration over a majority of the project area. We appreciate the efforts of the Dominican Government authorities in granting these concessions, and look forward to continuing our exploration efforts in the area.\" The Juan de Herrera property consists of eight concessions covering a total of 12,746 hectares; measuring about 52 kilometers long in a NW to SE direction. Much of the project forms a single contiguous block, with a single separate concession, yet to be granted, located a few kilometres to the east. The main Juan de Herrera property block borders the west and south side of GoldQuest Mining Corp.'s Tireo Project and the area hosting its Romero gold-copper deposit. The entire main contiguous block has now been fully granted and permitted for exploration. These newly granted areas were explored as part of the Company's recently announced property-wide exploration program. Results of the latest program, along with any proposed follow-up exploration plans will be reported as they become available. The Company also wishes to report the completion of a maiden National Instrument 43-101 Report on its Juan de Herrera Project. A full copy of the report can be found on the Company's document filing page on SEDAR and the Company's website. Michael Moore, VP Exploration of the Company and Qualified Person for purposes of National Instrument 43-101 ha...