#Precipitate gold full

The company has generated eight distinct drill targets and received their drill permits in September for as many as thirty drill platforms. It holds 9,863 square Ha.ģD magnetics reveal five mag low anomalies likely associated with magnetite destruction similar to the characteristics of Pueblo Viejo high sulfidation alteration. The project surrounds Pueblo Viejo on the west, north and east. While Everton owned the project they had results of 23.4 meters of 4.76 g/t Au, 10.6 meters of 2.96 g/t Au with 101.9 g/t Ag as well as 27.0 meters of 2.46 g/t gold and 26.7 g/t Ag. Data from over 29,500 meters in 220 drill holes has been compiled into a data set. The Pueblo Grande project is the main focus out of three different properties for Precipitate Gold. A year ago exactly Everton did a deal with Precipitate Gold (PRG-V) and sold their three remaining DR projects to Precipitate for 7 million shares, $25,000 in cash and a tiny 1-2% NSR. They still did, however, own the Pueblo Grande project. The stock was halted a couple of years ago. It also is a major factor in the economy of the Dominican Republic because of the taxes they pay and employment they provide.Įverton got caught out at the very top of the market in 2011 with no cash on hand and declined by 99.5% from $2.25 in 2011 to a low of $0.005 in 2015. It was impressive and remains one of the key gold mines in the world. On the Everton visit we were allowed to visit Barrick's mine. Barrick was knee deep into rehabilitation at Pueblo Viejo with plans to be back in production in 2012.

Ten years ago I got my chance to see Pueblo Grande on a site visit with Everton. Linear traded the project to another company named Everton. When I was looking at Linear, the project that I really wanted to see was the property surrounding the Pueblo Viejo mine because of nearly five hundred years of recorded history of mining there. He hasn't accomplished much, as least not for shareholders in the last ten years. I've followed his career since he seems to be one of those guys who look at mining company as if they are baseball trading cards. I let him know I wasn't going to either rewrite or post the piece and I wouldn't be charging him for my expenses. Nobody pays me to write about egomaniacs so I did something I have only done twice out of five hundred site visits. Then he insisted I totally rewrite it so it was all about him rather than the people doing all the valuable work on the Mexican project. That demand left a bad taste in my mouth. Dawe demanded the right to edit the article before I posted it. I went to see one of his projects in Mexico and wrote it up. Linear Gold run by Wade Dawe first owned it. It's quite common for even the best of projects to go through multiple owners before someone actually moves it to production. It was put back into production by new operators in 2012 as gold prices improved.Īn interesting project called the Pueblo Grande property surrounds the Pueblo Viejo Gold Mine on three sides. Low prices forced the operator Rosario Dominicana into bankruptcy in 1999. It is the 5 th largest gold mine in the world. The mine was the first gold mine in the new world put into production by the Spanish. Pueblo Viejo is jointly owned by Barrick Gold and Newmont/Goldcorp and produces 550,000 to 600,000 ounces of gold a year. (PRG:TSX.V PREIF:OTCBB) and throw a rock and hit an open pit at Pueblo Viejo. It was possible to stand on the Pueblo Grande project now owned by Precipitate Gold Corp. I visited the Dominican Republic to see a gold project immediately next to the massive Pueblo Viejo Gold Mine ten years ago.

#Precipitate gold full

I've been doing this for so long that everything is coming full circle. Trump just painted a bull's eye on the back of every American soldier in the Middle East. When you start whacking leading figures in other countries, it is only natural that they start thinking doing the same to you is a great idea. We cannot prevent the bankruptcy of the U.S.: all the stupid and pointless wars of the last two decades have baked bankruptcy into the cake. I'm dead set against more American kids dying for Israel. either regains its sanity or becomes a pile of ashes. President eager to accelerate the start of World War III for Israel and you have what at least will be an interesting environment until the U.S. That is from late December into perhaps March. We are in the best time of the year to be invested in resource stocks.