Precipitate Gold (PRG) - Exciting Developer near Barrick's Top-5 Global Gold Asset
Matthew Gordon, Ptolemy Capital
4 Months ago
Precipitate Gold Corp. is yet another gold mining story looking to take its place in the gold bull environment. Precipitate Gold is a gold developer that owns 3 gold assets in the Dominican Republic: the flagship Pueblo Grande gold project, the early-stage Ponton gold project and the parked Juan de Herrera gold project.
What is the latest news? The ground magnetics geophysical survey conducted at the Copey Hill epithermal gold target of the 100%-owned Ponton Project has reported highlight values of 53g/t gold and 17g/t gold. In general, this project could have some good geological potential. Ponton's tenement measures 3,250 ha and it is excitingly situated just 35km east of Barrick's 'world-class' Pueblo Viejo mine and 20km east of Pueblo Grande Project. Investors should note that Pueblo Viejo is the largest active gold mining operation in Latin America and is one of the top 5 global gold assets. One couldn't really wish for better company. Things appear to be lining up nicely and the share price has been on the rise impressively.
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