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Precipitate Granted Additional Exploration Concessions Within Tireo Gold Camp of the Dominican Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 19, 2016) - Precipitate Gold Corporation (the "Company" or "Precipitate" or "PRG") (TSX VENTURE:PRG) is pleased
About this update from Precipitate Gold Corp.
[{"type":"text","content":" VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 19, 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, notice of the final granting of mining exploration permits for four wholly owned exploration concessions. Three of the granted concessions are in the Company's Juan de Herrera project within the Tireo Gold Camp and one concession is in the Pueblo Viejo Mining Camp. Precipitate will now commence plans for widespread, advanced and detailed exploration at Juan de Herrera with the objective of defining new priority drill targets as a compliment to the Ginger Ridge Zone discovery. See accompanying map for concession locations and details: http://media3.marketwire.com/docs/precipitate_gold_jan19_fig01.pdf Precipitate's President & CEO, Jeffrey Wilson stated \"We are pleased to have received these four new concession grants for both our Juan de Herrera and Pueblo Viejo area projects, as these grants provide the necessary permitting to conduct more detailed and systematic exploration work. We are keen to initiate first-phase exploration and gold target delineation on these new Tireo Gold Camp areas which have seen little to no modern exploration to date. Although the timeline to attaining these grants was lengthier than anticipated, we're appreciative of the efforts of the Dominican Government authorities who have worked diligently to facilitate these grants. With these concessions now fully granted, we're permitted and funded to commence and complete the same sequenced exploration processes as proved successful in our Ginger Ridge discovery.\" The near-term work programs planned for these newly permitted concessions will be an important first step to defining new drill targets to compliment future drill programs within the Juan de Herrera Project and its compelling Ginger Ridge discovery. One particularly prospective priority target area is within the Escalibur concession where the recently conducted airborne survey delineated multiple prospective geophysical anomalies and trends situated over the Juan de Herrera's largest contiguous area of favourable volcanic terrain (see PRG news release dated September 22, 2015). The Juan de Herrera property consists of eight concessions covering 12,746 hectare...