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. Appoints Ann Wilkinson as Vice President, Investor Relations
Jan 27 15
Goldquest Mining Corp. announced that the company has appointed Ann Wilkinson as Vice President, Investor Relations. Prior to joining GoldQuest, she served as Vice President, Investor Relations of Colossus Minerals Inc. from October 2011 to January 2014 and prior to that she served as Vice President, Investor Relations of Breakwater Resources Ltd.
Goldquest Mining Corp. Provides Update on its Ongoing Exploration of its 100% Owned Tireo Project in Dominican Republic
Nov 20 14
GoldQuest Mining Corp. provided an update on its ongoing exploration of its 100% owned Tireo Project in the Dominican Republic. The company is systematically exploring its 50 kilometre long land package within the Tireo volcanic belt which contains its Romero and Romero South deposits. A May 2014 Preliminary Economic Assessment of the Romero Project calculated a NPV of $471 million (pretax using a 5% discount rate), all in sustaining costs of $353/oz, and a pre-tax IRR of 19.7%. Hydrothermal systems like the ones identified at the Romero Project often occur in clusters within volcanic formations like company’s Tireo Project. The company is seeking to determine whether a broader mineral district exists in the Tireo Project by looking for additional Romero Project style systems and testing for the presence of gold and copper therein. The company's current focus is on identifying the most prospective targets amongst the significant number in the Tireo Project. The Company is refining its drill ready targets at La Bestia, La Bestita and Imperial through interpretation of its 2014 airborne EM and magnetic geophysics surveys, detailed surface mapping, soil geochemical and ground magnetic surveys. Drilling is expected to recommence in January 2015 on higher priority targets. Holes LB-01 to LB-06 targeted the most intense part of the extensive Induced Polarization (IP) chargeability anomaly at the La Bestia target. No significant precious or base metal intersections were encountered. Each of the six holes intersected sulphide mineralization, predominately pyrite, over the entire lengths of each of the holes. Generally the pyrite was disseminated but concentrations increased to semi-massive in certain intervals. Hole LB-07 targeted beneath an outcropping zone of intense quartz veining associated with copper sulphides and associated gold mineralization. No significant mineralization was intersected. Drilling, detailed mapping and thin section work at La Bestia has confirmed the presence of an extensive silicic lithocap with associated pyrite, quartz, illite and alunite, minerals common in upper horizons of an epithermal system. Current work is focused on identifying the feeder to the epithermal system that have the potential to host precious and base metal mineralization. The La Bestia target comprises two parallel chargeability anomalies, each coincident with regional magnetic lows. These have been interpreted as significant structures that may be associated with feeders hosting the hydrothermal alteration found in the region. Both chargeability anomalies trend to the north-west and are up to 1.5 kilometres wide and at least two kilometres long. Thus far, drilling has tested the northern end of one of the anomalies with the majority of the ground to be tested following closer examination. Directly south of the Romero deposits, along the same regional structure, is the new Imperial target. Imperial consists of a north-south trending IP chargeability anomaly in the same host rocks as the Romero deposit, is currently over two kilometres long and remains open. Detailed mapping and surface sampling is underway to refine drill targets within this large anomaly. Similar alteration and mineralization as the outcrops at Romero have been observed at Imperial. Holes LB-01 through LB-05 are vertical drill holes. LB-06 was drilled at an azimuth of 225 degrees and dipping at -60 degrees. LB-07 was drilled at an azimuth of 65 degrees and dipping at -65 degrees. As part of companys’ Quality Assurance and Quality Control procedures (QA/QC), most of the high grade intervals are re-assayed and the Company is awaiting these check samples. In addition, systematic re-assaying of intervals is in progress to confirm compliance of blanks and duplicates checks. The company also reviews results from Certified Standard Reference materials, which are inserted at a rate of five per 100 samples. Within the results disclosed herein, there were three samples which had results outside of the recommended tolerances for copper. The batches will not be re-assayed. In company's drill programs, composite intervals were chosen using a combination of geological criteria and mineralization, averaging around two metres core length. The drill core is cut in half with one half of the core sample shipped to ACME Labs by company technicians. The remaining half of the core is kept at the Company core shack for future assay verification, or any other further investigation. Assays within intervals below the 0.005 g/t detection limit for gold and a 0.001% detection limit for copper were given a zero value. All drill samples were prepared and screened by ACME Labs (Santo Domingo); metallic fire assay and multi-element ICP-MS were assayed by ACME Analytical Laboratories (Chile). Gold values are determined by standard fire assay with an AA finish, or, if over 10.0 g/t Au, were re-assayed and completed with a gravimetric finish. Copper values are determined using a hot 4-acid digest followed by an ICP-MS analysis. QA/QC included the insertion and continual monitoring of numerous standards, blanks and duplicates into the sample stream, at random intervals within each batch.