A precision timing generator and an associate method provide a precise clock signal based on a reference clock signal. Using the reference clock signal in a phase locked loop or delay locked loop, a number of clock signals of equal frequency are generated separated consecutively by a known phase. Two of these clock signals of consecutive phases are selected for interpolation for higher precision according to predetermined weights. The resulting interpolated clock signal has a phase offset that is intermediate between the selected clock signals in proportion to the predetermined weights. In one implementation, a second interpolated clock signal is created by selecting and weighting a second group of clock signals using independent selection and weights. The two interpolated clock signals are then combined by logic operations to provide a precise clock signal of predetermined duty cycle and phase.