“In recent decades or so, there's been an increased push in mineral exploration, looking to find more deposits and mineralization throughout the (Dominican Republic). The country has been fairly aware that they need to diversify their economy away from manufacturing and tourism, and they see mining, specifically gold exports, as a real opportunity to (do so),” revealed Precipitate Gold President, CEO and Director Jeff Wilson.
Precipitate Gold (TSXV:PRG) recently closed a C$6,484,500 placement and is now preparing for drilling at its Juan de Herrera and Pueblo Grande projects in the Dominican Republic. President, CEO and Director Jeff Wilson said that proceeds from the placement will be added to the company’s roughly C$3.5 million in bank, with the majority of funds set to be used for an average total of 10,000 meters worth of drilling across both projects.
Juan de Herrera covers approximately 12,746 hectares of the Tireo gold trend of Central Hispaniola. Its concessions are adjacent to GoldQuest Mining’s (TSXV:GQC,OTCPL:GDQMF) Tireo project, which hosts the gold-copper Romero deposit. Sampling results from Juan de Herrera include 73.8 grams per tonne (g/t) gold, 34.9 g/t gold, 11.7 g/t gold and 8.7 g/t gold.
The company recently completed a comprehensive induced polarization geophysical survey covering four priority target zones within the project, delineating a northwest-southeast trending exploration corridor of numerous chargeability high anomalies collectively measuring at least 1.5 kilometers long.
Meanwhile, a chargeability anomaly between 100 and 350 meters has been identified at Pueblo Grande.
“We would consider that quite shallow, and we don't see any drills that intersected this new anomaly from the historic drilling. It's an untested, new large anomaly situated in a highly prospective area next to a big gold mine, and we plan to drill that in this quarter,” Wilson said.
The company has signed a drill contract and has been making site preparations as of the end of February 2026. Completion of access improvements and drill pad construction is expected in the coming weeks, with diamond drilling to commence immediately after.
Watch the full interview with Precipitate Gold President, CEO and Director Jeff Wilson above.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
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Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
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Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
