![]() Our exploration focus will immediately turn to near term drill targets emerging within the company’s nearby Ponton gold project and the ongoing advancement of existing targets at the Juan de Herrera project, immediately adjacent to GoldQuest’s Romero project.” The injection of additional capital into the company from the US$1.0 private placement (C$1.39M) allows Precipitate to continue the advancement of its other 100%-owned Dominican Republic projects while gaining an important, long term shareholder with significant in-country prominence and expertise. “Precipitate will be carried for a significant retained interest with no cash outlay by the company. The work expenditure commitments and expeditious timeline to completion of a Pre-Feasibility Study supports the company’s belief that the Pueblo Grande Project represents an important and prospective land package warranting a substantial budget for extensive property-wide exploration and drilling. Jeffrey Wilson, President and CEO, stated, “We are pleased to announce the agreement with Barrick whereby one of the largest gold mining companies in the world has agreed to a substantial earn-in arrangement to advance our 100%-owned Pueblo Grande Project to a Pre-Feasibility stage in exchange for a 70% interest. In accordance with the terms of the Agreement, to earn a 70% interest in the Project, Barrick must incur a minimum of US$10.0 million in qualifying work expenditures, complete a minimum of 7,500 metres of drilling before the sixth anniversary and deliver a qualifying Pre-Feasibility Study, all before the sixth anniversary. In addition, Barrick has agreed to subscribe for the Canadian dollar equivalent of US$1.0 million of Precipitate’s common shares in a private placement. To earn its interest, Barrick must incur a minimum US$10.0 million in exploration expenditures and deliver a qualifying Pre-feasibility Study prior to the sixth anniversary of the agreement. to earn a 70% interest in Precipitate’s Pueblo Grande Project located immediately adjacent to Barrick’s world-class Pueblo Viejo gold-silver mine in the Dominican Republic. No cash balance or cash flow is included in the calculation.Precipitate Gold Corp. has signed a definitive earn-in agreement for Barrick Gold Corp. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. ![]() Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. ![]() Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
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