The latest update is out from Precipitate Gold ( (TSE:PRG) ).
Precipitate Gold Corp. announced that Barrick Gold Corporation has commenced a diamond drilling program at Precipitate’s Pueblo Grande Project in the Dominican Republic. This Phase III drill program aims to test two high-priority target areas for potential high sulphidation epithermal gold mineralization. The initiative is part of an earn-in agreement allowing Barrick to earn a 70% interest in the project by spending $22 million on work expenditures and completing a pre-feasibility study by 2030. The increased investment highlights the project’s potential and strategic importance, potentially enhancing Precipitate’s market position and stakeholder value.
More about Precipitate Gold
Precipitate Gold Corp. is a company operating in the mining industry, focusing on gold exploration and development. It owns the Pueblo Grande Project, located in the Sanchez Ramirez province of the Dominican Republic, adjacent to the Pueblo Viejo gold mine operated by Barrick Gold Corporation.
YTD Price Performance: 57.14%
Average Trading Volume: 114,738
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$14.34M
For an in-depth examination of PRG stock, go to TipRanks’ Stock Analysis page.