(LIO:TSX.V LOMLF:OTCQX) with a market cap of about $220 million today. Like Benchmark and TriStar, the market understands the potential and is willing to pay up for Lion One Metals Ltd. All shares in juniors are lottery tickets but the Precipitate lotto has a giant potential payoff.
![precipitate gold precipitate gold](https://www.northernminer.com/wp-content/uploads/2020/04/PrecipitateGoldPontonproject2-1-2048x1152.jpeg)
Pueblo Viejo is the largest gold mine in the Americas and the 8 th largest in the world. Naturally the truth detector will be the drill rig but the company is coming up with the ground survey results that you want to see in a big deposit. With a $25 million market cap, PRG is a giant sleeper. This is exactly what you want to see if you want to find another Pueblo Viejo gold deposit. (PRG:TSX.V PREIF:OTCBB) but I will give you a big hint. Investors are going to have to read between the lines for the meaning of the latest press release from Precipitate Gold Corp. Meanwhile they will begin a major drill program shortly. That will fund the exploration portion for their prefeasibility study scheduled for release early next year. (TSG:TSX.V) just closed a $9.2 million bought deal financing about two weeks ago. They have added a third core rig to make a total of five drill rigs working. Results will start to come out in the next couple of weeks. To date they have completed 10,500 meters of drilling this year. (BNCH:TSX.V CYRTF:OTCQB) is in the midst of a 50,000-meter drill program at their Lawyer's gold/silver project in the Golden Horseshoe district in Northern BC. These are all companies I have written about in the past and if you want to reread what I have said, go to my archives page and do a search for their name.īenchmark Metals Inc. There are probably 1,500 juniors in Canada all clamoring for attention and I can only type so fast. Naturally the stories I follow are trying to make hay while the sun shines so I am forced into ganging some of those stories together else I will never catch up. The recent Osiris discovery at Rau is highly analogous to Nevada's famed "Carlin type" gold deposits.My readers may be shocked to hear that I have been exceptionally busy lately, as the metals seem to be climbing to the moon. The Selwyn Basin was deposited at the same time period as the rocks hosting northern Nevada's gold mining districts. With a portfolio of 5 properties in Yukon and 2 in BC, Precipitate's Canada focused exploration is targeting gold mineralization in the prospective sedimentary units of the Selwyn Basin. This emerging gold enriched region contains similar geology to the rocks hosting recent notable gold discoveries at ATAC Resources' Rau/Osiris, Northern Tiger's 3Ace and Aben Resources' Justin properties.
![precipitate gold precipitate gold](https://www.hydropoint.com/wp-content/uploads/Hudson-Yards-8-768x1024.jpg)
The Company also holds multiple gold exploration prospects in southern Yukon Territory and northern British Columbia. Precipitate's initial priority will be to confirm many of the existing gold/silver zones and generate new targets "off the Cerro" in search of new and potentially larger zones. These peripheral areas have never been explored by modern methods.
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However, there is substantial unexplored potential surrounding Cerro Magallanes, particularly on main structural trends beneath shallow cover which is an order of magnitude larger than the known exposure of the Magallanes zone. All prior work has focused on outcrops of the impressive Cerro Magallanes. Widespread low sulphidation epithermal mineralization on Cerro Magallanes is indicative of a complex system that was subjected to several episodes of fluid flow. Work by previous operators has included sampling, mapping, trenching, geophysics, and diamond drill programs. The Cecilia project is a low sulphidation epithermal gold-silver target hosting a large number of historic workings centered on gold-silver bearing quartz veins and breccia. In February of 2013 Precipitate announced it had reached an agreement to acquire a 100% interest in the Cecilia gold-silver project in northeastern Sonora State, Mexico. Precipitate's Juan de Herrera and Hato concessions directly adjoins the Tireo belt holdings of GoldQuest Mining Corp on their southwest and south sides. The Gold Trend runs northwesterly and ending north of the Dominican-Haitian border and is underlain by Upper Cretaceous Tireo formation volcanic and sedimentary rocks. Two of the concessions are located within the highly prospective "Tireo Gold Trend" in the western portion of the Dominican Republic. The Juan de Herrera concession has been granted, while the other two are currently under application. is a Vancouver British Columbia based company currently focused on earning a 100% interest in three mineral concessions in the Dominican Republic.