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GoldQuest Mining Corp.
Summary
| Project: | Tireo | |
|---|---|---|
| Deposit: | Tireo | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 3/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-3-2017: GoldQuest Mining Corp. announces an Exploration/Drilling Update report for its Tireo deposit at the Tireo project. Drilling results incl. 56.8m @ 0.3g/t Au, 0.98g/t Ag, 0.01% Cu, 0.04% Zn from 14.2m. GoldQuest Mining Corp. (TSX VENTURE: GQC) (F | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Niemi (Internal) | |
| ABSTRACT: | GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to report assay results from the latest 8-hole batch of drill holes of its ongoing minimum 10,000 metre drill program. The program is focused on identifying new gold systems within its 100% owned Tireo Concessions in the Dominican Republic. The results are from a 15 kilometre section of the Tireo Belt with no previous drilling. This portion of the trend is south of the Romero Deposit and the holes reported are from two groups of targets. The target areas are called Vaca Valley and Mineros Ridge, which are located 5 kilometres and 10 kilometres north of the Cachimbo Discovery respectively. In both cases, gold bearing sulphides were intersected with similar grades and thicknesses to intersections adjacent to the Romero Deposit and the Cachimbo Discovery. "Finding new gold bearing hydrothermal systems is the objective of this first pass drilling program. Subsequent follow up drilling programs will vector toward potentially higher grade mineralization of such systems," commented Bill Fisher, GoldQuest's Executive Chairman. "Finding sulphides coinciding with anomalous gold and other metals, we are optimistic as to the potential of the district as VMS mineralization often occurs in clusters. With the recent $23 million investment by Agnico Eagle, and with the Romero mining project in full permitting mode to complement our ongoing exploration programs, GoldQuest is well-funded and positioned to be one of the most active mineral exploration and development companies of 2017." | |
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