Precipitate Gold Corporation announced it is now the owner of all Everton Resources Inc. exploration concessions in the Dominican Republic. This includes Pueblo Grande Project, adjoining Barrick’s and Goldcorp’s world-class Pueblo Viejo gold-silver mine, and the Ponton Project located approximately 30 km east of Pueblo Grande. Precipitate said that Mejico Angeles-Lithgow, formerly president and executive director of the Barrick-Pueblo Viejo mining operation, has joined their advisory team.
The company announced that Pueblo Grande’s immediate exploration priority will be the area directly west of Barrick’s mining pits, where a notable geophysical magnetic high coincides with an equally substantial area of advanced argillic lithocap alteration. This highly prospective lithocap target area measuring approximately 2.5 km by 3 km has seen little systematic exploration and will be the focus of initial phases of work.
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Geology for Investors
17 January 2019
