Ministry of Energy and Mines defines the findings of gold anomalies by a mining company in the Cotuí area as a sign of confidence in the DR.

Ministry of Energy and Mines defines the findings of gold anomalies by a mining company in the Cotuí area as a sign of confidence in the DR.
Ministry of Energy and Mines defines the findings of gold anomalies by a mining company in the Cotuí area as a sign of confidence in the DR.

Santo Domingo.- The Ministry of Energy and Mines (MEM) defined as a show of trust in the Dominican authorities, the work carried out by the Canadian company Precipitate Gold Corporation, in Big Townwhich have allowed him to discover new gold anomalies in a mining project close to the deposits of Old TownMunicipality of Cotuíin the province Sanchez Ramirez.

The minister Antonio Almonte congratulated the mining company for the results obtained so far, which will provide the company with the basis to complete a next phase of drilling in this area, with the support of the company. Barrick Gold Pueblo Viejowith whom he has had an agreement for several years.

“Geochemical anomalies are indications of deposits of precious metals (such as gold), so the Government in general and the ministry, in particular, are following up on these tasks so that they are carried out respecting environmental standards and to “That, if in the end its exploitation is possible, it will benefit the country and the communities located around the mine,” said Minister Almonte.

Almonte indicated that the technicians of the Vice Ministry of Mines They collaborate closely with the work of the Canadian mining company, which, apparently, is very satisfied with the results obtained so far and has made this known to its parent company, in vancouver, Canadaand to the Dominican authorities.

The company Precipitate Gold Corp. announced in a statement that detailed studies in the southern area of ​​Pueblo Grande, carried out in the first quarter of this year, revealed new gold anomalies in the ground, in an early stage, located in the western and central parts of the project.

“These gold anomalies often coincide with important tracers of silver, arsenic, antimony and thallium,” the company highlighted in a statement, published in English and posted on its official website.

In said communication, it is indicated that Precipitate Gold consolidates a collaboration agreement with Barrick Goldfor the exploration processes of this deposit that gives it (Barrick) the right to acquire a 70% participation in the project.

“Barrick’s ongoing exploration work, due in 2024 at Pueblo Grande Sur, will outline and refine potential drill-worthy targets in this emerging project area,” specified the company, which is expecting to obtain drilling permits during the course of the year.

The company’s website contains additional information, maps and figures for recent and historical data on the Pueblo Grande project, as well as the type of agreement it reached with Barrick Pueblo Viejo on April 14, 2020.

Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Pueblo Viejo Mining Camp and Tireo Gold Trendsouth of the Dominican Republic.

What is a geochemical anomaly?

A geochemical anomaly is a variation of geochemical distribution normal, corresponding to an area or a geochemical environment. Strictly speaking, a mineral deposit As a rare and anomalous phenomenon in itself, it is a geochemical anomaly. The geochemical distribution related to the genesis or erosion of the mineral deposit is also an anomaly.

 
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