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GoldQuest Mining Corp.
Summary
| Project: | Tireo | |
|---|---|---|
| Deposit: | Cachimbo | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-10-2017: GoldQuest Mining Corp. announces an Exploration/Drilling Update report for its Cachimbo deposit at the Tireo project. Drilling results incl. 124.77m @ 2.07g/t Au, 11.31g/t Ag, 0.03% Cu, 0.07% Pb, 0.39% Zn from 11.04m. VANCOUVER, BC--(Marketwir | |
| Resources: | x | |
| CP/QP: | [Overall Report]: William Fisher (Internal) | |
| ABSTRACT: | VANCOUVER, BC--(Marketwired - October 26th , 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to report assay results from the latest drillhole and the lower part of the previous drillhole 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 northwest, along with multiple targets areas identified by the Company. The new TIR-17-45 drillhole was drilled in the eastern part of the discovery, and intersected 26.57 m @ 3.36 g/t gold, 21.55 g/t silver, 0.03 % copper, 0.11 % lead and 0.55 % zinc. (4.20 g/t AuEq.*) within a wider mineralized envelope of 94.56 m @ 1.88 g/t AuEq*. The richest horizon was found in a silicabarite matrix, associated with the upper parts of a VMS system from 7 metres below surface. Hole TIR- 17-45 was drilled from the same drill pad as hole TIR-17-44, where the top 70 metres of assays were reported last week. The remaining assays are reported today, showing the previously reported 21.0 m @ 10 g/t AuEq.* lies within a wider intersection of 125 m @ 2.6 g/t gold. Anomalous mineralization continues intermittently to the bottom of both drillholes. | |
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