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Slide #92. Precipitate Gold Corp — BC Corp
Precipitate Gold Corp (CVE:PRG.CA)
Precipitate Gold Corp. announced that it has entered into a Letter Agreement dated August 16, 2012 with the shareholders of a private BC registered company to purchase the company. BC Corp holds a 100% interest in the rights to acquire two mineral Concessions in the Dominican Republic that are currently under application. The larger concession, Juan de Herrera, totals 15,020 hectares in area and directly adjoins the Tireo belt holdings of GoldQuest Mining Corp on their southwest and south sides. The second concession, Higos Blancos is 3,231 hectares and covers part of a large exposure of Tireo formation rocks to the east of the GoldQuest trend. A concession map is available on Precipitate's website.
Precipitate Gold is engaged in the acquisition and exploration of mineral properties in Canada and the Dominican Republic. The recoverability of amounts shown as mineral properties is dependent upon the discovery of economically recoverable reserves, Co.'s ability to obtain financing to develop the properties and the ultimate realization of profits through future production or sale of the properties.
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