For thousands of other reports visit RSC's Mineral Intellingence Map
GoldQuest Mining Corp.
Summary
| Project: | Tireo | |
|---|---|---|
| Deposit: | Cachimbo | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 10/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2017: GoldQuest Mining Corp. announces an Exploration/Drilling Update report for its Cachimbo deposit at the Tireo project. Drilling results incl. 59.46m @ 3.27g/t Au, 18.94g/t Ag, 0.07% Cu, 0.40% Pb, 0.73% Zn from 11.04m. VANCOUVER, BC--(Marketwire | |
| Resources: | x | |
| CP/QP: | [Overall Report]: William Fisher (Internal) | |
| ABSTRACT: | VANCOUVER, BC--(Marketwired – October 17th , 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to report assay results from the latest 8-drill hole batch from its Cachimbo Discovery, a Volcanogenic Massive Sulphide (VMS) deposit located within the Company’s 100% owned Tireo Concessions in the Dominican Republic. Cachimbo remains open in all directions. The Company’s 50 km long land package also hosts the multi- million-ounce gold/copper Romero Project, 22 kms to the north-west, along with multiple targets areas identified by the Company. Highlights included the vertical hole, TIR-17-44 which intersected 21.0 m @ 7.86 g/t gold, 39.6 g/t silver, 0.17 % copper, 0.26 % lead and 1.81 % zinc. (10 g/t AuEq. *) within a wider mineralized envelope of 59.5 m @ 4.4 g/t AuEq. The richest horizon was found in a silica-barite matrix, associated with the upper parts of a VMS system from 11 metres below surface. The hole was collared approximately 300 m SE of the Cachimbo discovery hole TIR-16-09, which intersected 5 metres grading 14 g/t gold, 74 g/t silver, 12% zinc and 1% copper (see release dated January 10, 2017). "Our Cachimbo discovery continues to grow, as we seek the core of the VMS system," commented Bill Fisher, GoldQuest's CEO and Executive Chairman. "It is notable that the highest gold grades were found in a silica-barite horizon, the same horizon where the Company’s geologists found up to 167 g/t gold at surface.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report