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GoldQuest Mining Corp.
Summary
| Project: | Romero | |
|---|---|---|
| Deposit: | Romero | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Copper-Zinc-Silver | |
| Date: | 9/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2016: GoldQuest Mining Corp. announces a Pre-Feasibility Study report for its Romero deposit at the Romero project. PFS results incl. post-tax NPV (5%) of $203M, IRR of 28%. JDS Energy & Mining Inc. (JDS) was commissioned by GoldQuest Mining Corp. (G | |
| Resources: | (Reserve, Prob.): 7.03Mt @ 3.72g/t Au, 4.33g/t Ag, 0.88% Cu | |
| CP/QP: | [Resources]: B. Terrence Hennessey (Micon International Ltd.) | |
| ABSTRACT: | JDS Energy & Mining Inc. (JDS) was commissioned by GoldQuest Mining Corp. (GoldQuest) to carry out a Preliminary Feasibility Study (PFS or 2016 PFS) and technical report for the Romero Project, a resource development gold and copper project owned 100% by GoldQuest located in the Province of San Juan in the Dominican Republic. Three previous technical reports were prepared for the Romero Project pursuant to Canadian Securities Administrators’ National Instrument 43-101 Standards for Disclosure for Mineral Projects and Form 43-101F1 - Technical Report (collectively, NI 43-101) that documented a resource estimate in 2013 and a Preliminary Economic Assessment (PEA) in 2014. All technical reports were filed on SEDAR. This Technical Report summarizes the results of the 2016 PFS study and was prepared following the guidelines of NI 43-101. | |
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