Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV:PRG) is pleased to announce the Company has reached an option agreement whereby Precipitate can acquire a 100% interest in the Island Zinc zinc-lead-silver project located near Port Hardy, north Vancouver Island, British Columbia.
As quoted in the press release:
Jeffrey Wilson, Company President & CEO states, “As we ramp up activities at our flagship asset in the Dominican Republic, we’re pleased with the opportunity to complement our project portfolio with a new acquisition. The right to acquire 100% of the Island Zinc property expands our project portfolio with a prospective new high grade base metal project in another jurisdiction with year-round exploration access, simple and inexpensive logistics and favourable mining and taxation policies. This, combined with the agreement’s manageable acquisition terms, allows Precipitate the opportunity to efficiently advance the Island Zinc project to a drill decision stage. Management believes this acquisition represents another example of our commitment to grow the Company through project opportunities that can add and maximize shareholder value.”