Precipitate Gold (TSXV:PRG) has been granted additional gold licenses within the Tireo gold camp of the Dominican Republic. Near term, Precipitate will aim to define drill targest on the newly permitted concessions to compliment future drill programs within the Juan de Herrera Project and the Ginger Ridge discovery.

Three of the granted concessions are in the Company’s Juan de Herrera project within the Tireo Gold Camp and one concession is in the Pueblo Viejo Mining Camp. Precipitate will now commence plans for widespread, advanced and detailed exploration at Juan de Herrera with the objective of defining new priority drill targets as a compliment to the Ginger Ridge Zone discovery.

Precipitate president and CEO, Jeffrey Wilson, said:

We are pleased to have received these four new concession grants for both our Juan de Herrera and Pueblo Viejo area projects, as these grants provide the necessary permitting to conduct more detailed and systematic exploration work. We are keen to initiate first-phase exploration and gold target delineation on these new Tireo Gold Camp areas which have seen little to no modern exploration to date. Although the timeline to attaining these grants was lengthier than anticipated, we’re appreciative of the efforts of the Dominican Government authorities who have worked diligently to facilitate these grants. With these concessions now fully granted, we’re permitted and funded to commence and complete the same sequenced exploration processes as proved successful in our Ginger Ridge discovery.

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