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Prospects
Dominican RepublicPanTerra Gold completed the acquisiton of Vancouver based Novus Gold Corp (TSX-V: "NOV") in April 2012, by the issue of 18,412,632 PGI shares to Novus Gold shareholders (1 for 3). As a result, PanTerra Gold acquired 100% ownership of two exploration concessions in the Dominican Republic held by a wholly-owned subsidiary of Novus Gold: La Yagua and La Paciencia. Both of these properties are currently being transferred to a subsidiary, PanTerra Gold (Dominicana) S.A., after which Novus Gold will be liquidated. La PerseveranciaThe 9900ha concession adjoins those hosting Perilya's Cerro de Maimon copper-gold mine. The first identified exploration target is along strike from the mine and a rock sampling program in 2009 produced results ranging from 0.5% to 22.0 % Cu over a 3km length. Within the concession, elevated copper, gold, and silver results from soil geochemistry, and rock and stream sampling, have identified high grade mineralised zones with almost property-wide potential. The best grab sample to date resulted in an assay of 18% Cu, 13g/t Au, and 29g/t Ag. A 20 hole drilling program of the first target ie expected to commence in Q3 2013 following geophysuical surveys to establish drilling locations. La Yagua Property Geologic Report 27 May 2011 La PacienciaThe 8600ha concession is located 10km east and along strike from the Pueblo Viejo gold deposit (+25 million oz) being developed by Barrick/Goldcorp, and is underlain by the same geology in the Los Ranchos formation as Pueblo Viejo. Prospecting to date has discovered elevated gold values along structural lineaments and initial exploration in 2013 will focus on soil sampling and geophysics to identify drill targets. Any resource is likely to be predominantly refractory and amenable to treatment through PanTerra Gold's Las Lagunas process plant. FuertePanTerra Gold has applied for a 10,000ha copper/gold exploration licence near Bahoruco in south-west Dominican Republic with copper and gold mineralisation evident over a length of 5km. Soil and stream sampling will be undertaken in 2013 following approval of the application.
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