Goldquest Mining Corp. Reports Results from First Holes at Imperial and La Bestita in Dominican Republic
Mar 31 15
GoldQuest Mining Corp. provided an update on its 2015 drill program on its 100% owned Tireo property in the Dominican Republic, which includes the Romero gold/copper deposits. Drilling is underway at the Imperial and La Bestia hydrothermal discoveries and have assay results from the first five holes. Imperial is located 2.5 kilometres south of Romero South along a corridor of preferential geophysical, geochemical and alteration anomalies mapped for a distance of over 10 kilometres, remaining open to the south. The Company typically uses a top cut of 50 g/t gold, however no samples in this release exceeded 50 g/t. The intervals may not represent true mineralization widths and the exact orientation of the mineralization at this stage of the drilling is not yet known, although the host volcanic lithologies are sub-horizontal in orientation. IMP-01 is an inclined hole (90 azimuth and -55 dip), IMP-02 is an inclined hole (90 azimuth and -75 dip), IMP-03 is a vertical hole, IMP-04 is an inclined hole (270 azimuth and -80 dip) and LB-08 is an inclined hole (270 azimuth and-55 dip). Imperial is a large target, identified pre-drilling by coincident geophysical and alteration geology. It is 2.5 kilometres long in the north-south direction and one kilometre wide in the east-west direction. It is located 4.5 kilometres south and along trend from the Romero deposit and 2.5 kilometres south of the Romero South deposit. The north-south trend is marked by pockets of altered and mineralized rocks and continues southwards for over five kilometres past Imperial. A strong magnetic low trend defines the prospective/altered rock with rhyolites. At Imperial, and to the south, a porphyry sill of up to 100 metres thick has been identified in drilling and mapping. Drilling at Imperial has encountered two sulphide zones with the lower system being more prospective. The lower zone, the target zone, is typically seen at around 200 metres depth and is up to 280 metres thick. It has comparable widths as Romero, with localized increase in quartz stringers, related to high energy fluid emplacement. This target zone is also hosted within ndesitic/dacitic volcanics interpreted to be at the same stratigraphic level as Romero. The target zone is similar to the mineralization at Romero and thus far intersections contain anomalous gold and zinc suggesting proximity to a heat centre. The target zone has been encountered in holes IMP-02, IMP-03 and IMP-04 over a distance of 750 metres open to the north (under hole IMP-01 which did not reach the target horizon), east and west. Hole IMP-05 was terminated at 489.2 metres, as the marker horizons suggest that the location has been down-faulted, and the Company is not seeking deep, expensive targets until a better understanding of the locale has been achieved. IMP-02, IMP-03 and IMP-04 look very similar geologically to holes within 100 metres of the Romero deposit, such as hole LTP-113. The Company has completed holes IMP-01 to IMP-06 at Imperial and LB-08 at La Bestia for a total of 2,654 metres, and this release is reporting assays of certain of these holes, with assays pending for IMP-05 and IMP-06. Drilling at the south of La Bestia is currently in progress while the Company awaits further assay results from Imperial.
Goldquest Mining Corp. Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-22-2015
Feb 19 15
Goldquest Mining Corp. Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-22-2015 . Venue: Westin Diplomat Resort, 3555 South Ocean Drive, Hollywood, Florida, United States. Speakers: Bill Fisher, Executive Chairman.
Goldquest Mining Corp. Presents at Prospectors & Developers Association Conference 2015, Mar-03-2015 11:20 AM
Feb 17 15
Goldquest Mining Corp. Presents at Prospectors & Developers Association Conference 2015, Mar-03-2015 11:20 AM. Venue: Toronto, Ontario, Canada. Speakers: William James Fisher, Executive Chairman and Member of Technical Committee.