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Precipitate Gold takes full control of Juan de Herrera project

Precipitate Gold Corp. secured a 100% interest in Juan de Herrera gold project in the Dominican Republic after making a final option payment totaling C$75,000 and 1.0 million common shares to the vendor, 0945044 BC Ltd.

The company paid a total of C$300,000 and issued 3,517,242 shares, as well as incurred a minimum of C$1.0 million in exploration expenditure, under the amended option agreement.

The vendor will retain a 3% net smelter royalty on the property, Precipitate Gold noted in a Dec. 14 release.