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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: fringe who wrote (265230)11/13/2018 9:47:05 AM
From: longz  Respond to of 312929
 
thank you....



To: fringe who wrote (265230)11/13/2018 12:48:06 PM
From: cessnastreet  Respond to of 312929
 
PRG.v

Fringe - more DD - here is a good background article showing what they are looking for - will be first drill program next to the largest gold mine in the Americas with 15 mill oz's.

Potential to go from pennies to dollars on 1 drill hole. I have loaded up for Q1 2019 drilling program.

“Often, in this business,” said Wilson “it’s not the first or second guy in who makes the big discovery. It’s typically the third or fourth who benefits from the predecessors’ work and capital investment and takes the combined information to look at the targets differently in finding something that had been missed or overlooked in the past. I think we have a chance to benefit from prior work and data to pursue something new and untested in the shadow of one of the world’s richest gold deposits.”

Precipitate has one great advantage: its Board is packed with world-class geologists. Its Chairman, Adrian Flemming, founded Underworld Resources in the Yukon which was later sold to Kinross. Quinton Hennigh, founder of Novo Resources in Western Australia directed Novo to a $1 billion market cap last year, also serves. Alastair Waddell spent 6 years as a senior member of the Kinross team and brings extensive local knowledge of the Dominican Republic. A fourth geologist, Michael Moore serves as VP Exploration. If there is a gold target to be found on the property, these are the people who can find and evaluate it.

The company is closing in on a target which has never been explored. “We’re looking at areas which may have been missed,” said Wilson. “We are focused on a highly prospective area just west of the Pueblo Viejo mining pits that is highly altered and the host of a significant magnetic high anomaly which has not been systematically drill tested at all.”

Full article:

motherlodetv.net