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Last C$0.11 CAD
Change Today +0.01 / 10.00%
Volume 69.5K
As of 3:59 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

goldquest mining corp (GQC) Snapshot

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goldquest mining corp (GQC) Details

GoldQuest Mining Corp., together with its subsidiaries, engages in the identification, acquisition, and exploration of mineral properties in the Dominican Republic. The company primarily explores for gold, copper, silver, and zinc deposits. It principally owns a 100% interest in the Romero project located in the Central Cordillera of the Dominican Republic near the San Juan provincial capital of San Juan de La Maguana. GoldQuest Mining Corp. was incorporated in 1989 is headquartered in Toronto, Canada.

Founded in 1989

goldquest mining corp (GQC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$190.0K
Executive Chairman and Member of Technical Co...
Total Annual Compensation: C$238.0K
Chief Financial Officer
Total Annual Compensation: --
Vice President of Exploration
Total Annual Compensation: C$170.0K
Compensation as of Fiscal Year 2014.

goldquest mining corp (GQC) Key Developments

GoldQuest Mining Corp. Starts Pre Feasiblity Drilling at Romero Au/Cu Project and Reports on Exploration Results

GoldQuest Mining Corp. has commenced a technical program, including drilling, at the Romero Project. SRK Engineering, are overseeing the geotechnical data collection suitable for a pre-feasibility study. The drill program, consisting of six holes totaling 2,000 metres, is designed for a number of purposes, including detailed geotechnical logging of orientated drill core, covering the mine plan and the location of the decline designed to access the main Romero ore body. The program is also planned to upgrade the remaining inferred mineral resources included in the recently released National Instrument 43-101 (NI 43-101) technical report for its revised preliminary economic assessment for the Romero Project dated effective April 29, 2015 (the "Revised PEA"). Inferred mineral resources in the mine plan are 1.1 million tonnes, representing 16% of the Revised PEA's mine plan tonnage where the remaining 6.6 million tonnes, or 84%, are already in the indicated mineral resource category. Work has started on other items recommended in the Revised PEA report, including further plant design, metallurgical test work and engineering, plus site investigation for future surface and sub-surface infrastructure and ongoing base line studies. The 2014/15 exploration drilling in the Tireo Formation around Romero has discovered two large scale Romero-model sulphide-bearing hydrothermal systems, which will be further investigated in future drill programs. The 2015 exploration program is complete with drilling at the Imperial and La Bestia targets confirming extensive, up to 280 metres thick, hydrothermal systems. The Company will seek the potential gold/copper cores to these systems in future drilling campaigns, as well as continue with detailed mapping programs over the full 50 kilometre belt. Remaining drilling intersected similar geological conditions with anomalous gold grades slightly increasing at depth at the Imperial target. Specifically in hole IMP-06 a mineral zone was intersected at 227.5 metres down the hole with the top 2.4 metres grading 6.65 g/t gold and the entire 10.5 metre intersection graded 1.71 g/t gold. The gold was associated with relatively low levels of sulphide minerals and the material above the interval was not sampled. 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-05 and IMP-06 are vertical holes, IMP-07 is an inclined hole (90 azimuth and -65 dip), IMP-08 is an inclined hole (270 azimuth and -60 dip) and LB-09 is an inclined hole (90 azimuth and -65 dip).

Goldquest Mining Corp., Annual General Meeting, Jun 17, 2015

Goldquest Mining Corp., Annual General Meeting, Jun 17, 2015., at 10:00 US Eastern Standard Time. Location: 199 Bay Street, Suite 4000, Commerce Court West. Agenda: To receive the comparative financial statements of the company and the auditors' report thereon for the fiscal year ended December 31, 2014; to fix the number of directors at five; to elect directors for the ensuing year; to appoint auditors and authorize the directors to fix the remuneration of such auditors; to approve certain amendments to the company's rolling stock option plan and re approve the stock option plan, as amended; and to transact such further or other business as may properly come before the meeting and any adjournment or adjournments thereof.

Goldquest Mining Corp. Reports Results from First Holes at Imperial and La Bestita in Dominican Republic

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.


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