Precipitate Gold Corp said on May 6 that President Luis Abinader’s temporary halt to activities tied to GoldQuest Mining Corp’s Romero project in the Dominican Republic does not affect its own work in the country, where diamond drilling continues at Pueblo Grande.
The company said the president’s May 4 announcement was specific to Romero in the Province of San Juan and stopped short of other mining or exploration projects operating in the country. Precipitate said it holds a 100% right to three projects in the Dominican Republic, two of them outside San Juan, and that all remain in good standing with existing exploration and drilling permits.
Precipitate’s update lands at a moment when the Romero project is still in the environmental evaluation stage and has not received an exploitation permit. That detail matters because the government’s move was framed as a pause on activity around a project that has not yet moved into production, rather than a broad clampdown on the sector.
At its Pueblo Grande project in the Province of Sanchez Ramierz, the company said drilling is continuing at the Pueblo Grande Norte Zone, where it is testing a newly identified cluster of induced polarization geophysical chargeability-high anomalies. Precipitate said it has completed four diamond drill holes totaling about 1,600 metres and plans a fifth hole to bring the total to approximately 2,000 metres, with initial assay results still pending.
Jeffrey Wilson said the government’s announcement was part of the necessary dialogue that accompanies responsible project development and emphasized that it was limited to a single project held by GoldQuest and did not include projects currently controlled by Precipitate. He added that the company’s existing exploration and drilling permits remain in good standing and that drilling at Pueblo Grande is progressing well, with assay results expected in the coming weeks.
Precipitate also said it has approximately C$9.0 million in working capital, giving it room to keep advancing its Dominican Republic portfolio while it watches how the Romero decision shapes discussion around other projects, including Juan de Herrera. For now, the company’s message is simple: the government’s halt is real, but it is not its halt.