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GoldQuest Mining Corp.
Summary
| Project: | Tireo | |
|---|---|---|
| Deposit: | Target A | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Copper-Zinc-Silver | |
| Date: | 10/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2016: GoldQuest Mining Corp. announces an Exploration/Drilling Update report for its Target A deposit at the Tireo project. Drilling results incl. 18.67m @ 0.48g/t Au, 0.19% Cu, 0.01% Zn, 0.76g/t Ag from 138m. VANCOUVER, BC--(Marketwired - October 3 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Niemi (Internal) | |
| ABSTRACT: | VANCOUVER, BC--(Marketwired - October 31th, 2016) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to announce the first batch of assay results from Target A, the first of 20 targets in the 2016/17 exploration program on the Company’s Tireo Formation concessions in the Dominican Republic. The results are from the southern portion of the Company’s land concession, 20 kilometres south from the Company’s flagship Romero Project. Target A is the first of twenty exploration targets prioritized by GoldQuest in its current drilling campaign. The target has been tested with 6 diamond drill holes including a 3-hole-fan comprised of TIR-16 02, TIR-16-03, and TIR-16-04, displaying similar characteristics as our Romero discovery. Like all 20 targets, Target A was identified through mapping, sampling and most recently ground Induced Polarization (IP)/resistivity surveys. The target has encouraging surface geochemistry with rock sample results of up to 167 g/t gold (see release May 17th, 2016). This zone is over 1.5 kilometres long and up to 300 metres wide. All six holes have intersected massive and disseminated sulphide mineralization in the same dacitic and andesitic rocks as the Romero gold/copper deposits previously discovered by GoldQuest. The holes contained anomalous gold and copper - hole TIR-16-03 intersected 9 metres grading 0.75% copper - detailed in the assay intervals in Table 1 below. Future campaigns in the target area will vector toward potentially higher grade parts of the system. | |
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