A sample from the Juan de Herrera project's Centro zone
(Source: Precipitate Gold)
  • Precipitate Gold (TSXV:PRG) is sharing rock sampling results from ongoing field work on its 100-per-cent owned Juan de Herrera project in the Dominican Republic
  • A newly discovered anomaly sampled up to 2 per cent copper and 2.6 grams per ton of gold
  • Precipitate Gold is a junior mining stock advancing property interests in the Pueblo Viejo copper-gold mining camp and Tireo gold trend of the Dominican Republic
  • Precipitate Gold stock has added 56.25 per cent year-over-year but remains down by 37.50 per cent since 2020

Precipitate Gold (TSXV:PRG) is sharing rock sampling results from ongoing field work on its 100-per-cent owned Juan de Herrera project in the Dominican Republic.

The program is focused on multiple recently identified gold-in-soil anomalies, leading to the discovery of a new anomaly within the southern portion of the project approximately 500 metres east of the copper-rich Southeast zone.

The new anomaly, dubbed Centro, boasts a soil sample and induced polarization geophysical anomaly trend measuring up to 1.4 kilometres x 100 metres, yielding rock samples up to 2 per cent copper and 2.6 grams per ton (g/t) of gold, while remaining open to the northwest.

According to Wednesday’s news release, the company is planning on follow-up sampling and trenching to better understand the nature of the mineralization.

About the Juan de Herrera project

The 12,706-hectare Juan de Herrera project is immediately adjacent to GoldQuest Mining’s Romero gold-copper project within the Tireo gold formation in San Juan Province.

The Tireo formation has generated approximately 5 million gold equivalent ounces over the past decade, despite much of the area remaining underexplored.

Leadership insights

“Since reporting the identification of numerous new zones of elevated gold and/or base metals (copper, lead and zinc) in soil anomalies within the Juan de Herrera project in August of last year, and constructing an important new access road into the southern region of the project, field crews have been busy ground truthing and collecting additional surface samples in and around these compelling areas,” Jeffrey Wilson, Precipitate Gold’s president and chief executive officer, said in a statement. “Follow-up sampling programs conducted in recent months have not only expanded our understanding of established zones but yielded new discoveries such as the Centro and CN zones, further evidencing the project’s ongoing prospectivity. We look forward to additional positive progress as our work continues.”

About Precipitate Gold

Precipitate Gold is a junior mining stock advancing property interests in the Pueblo Viejo copper-gold mining camp and Tireo gold trend of the Dominican Republic. Barrick Gold can earn a 70-per-cent interest in the company’s Pueblo Grande project by incurring US$22 million within 10 years and producing a qualifying pre-feasibility study. 

Precipitate Gold stock (TSXV:PRG) is up by 8.7 per cent on the news trading at C$0.12 per share as of 10:37 am ET. The stock has added 56.25 per cent year-over-year but remains down by 37.50 per cent since 2020.

Join the discussion: Find out what everybody’s saying about this gold stock on the Precipitate Gold Corp. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo of a sample from the Juan de Herrera project’s Centro zone: Precipitate Gold)


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