Republic projects,” president and chief executive, Jeffrey Wilson, said in theīarrick has also agreed to subscribe for $1 million (C$ 1.39m) of Precipitate’s common shares in a private placement
Precipitate to continue the advancement of its other 100%-owned Dominican “The injection of additional capital into the company allows To learn more about Precipitate Gold Corp.As part of the deal, Barrick has also agreed to subscribe for $1 million (C$1.39 million) of Precipitate’s common shares in a private placement, the Vancouver-based junior miner said in a separate statement. JUAN de HERERRA Project (100% interest) – adjacent to the Romero/Tireo project operated by GoldQuest (west Dominican Republic) Significant untested multi-element epithermal gold anomaly and PONTON Project (100% interest) – 30km east of Barrick’s Pueblo Viejo Mine, hosted in the same Los Ranchos Formation geological terrain. Subject to an Earn-In Agreement whereby Barrick Gold Corp can earn 70% by spending US$10M and delivering a pre-feasibility study before sixth anniversary. PUEBLO GRANDE Project (100% interest) – adjacent to the world-class Pueblo Viejo mine operated by Barrick (central Dominican Republic). Property Assets in the Dominican Republic
The region is part of an active gold exploration region that includes high profile gold exploration projects such as Queensway (New Found Gold Corp), Kingsway (Labrador Gold Corp), Dog Bay (Exploits Discovery Corp) and Toogood (Ethos Gold Corp). The Ace Gold Project is located on the north-central coast of Newfoundland, covering most of Change Islands, approximately 80 kilometers north (via combined road and 20-minute government vehicle ferry departing hourly) from the community of Gander and its international airport.