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goldquest mining corp (GDQMF) Details

GoldQuest Mining Corp., through its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral properties in the Dominican Republic and Spain. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It holds interests in the Las Animas, Loma Viejo Pedro, Piedra Iman, El Toro, Santa Anna, Jengibre, Las Tres Palmas, Cerro Dorado, and Las Comios projects located in the Dominican Republic; and the Toral project located Madrid in Spain. GoldQuest Mining Corp. was incorporated in 1989 is headquartered in Toronto, Canada.

goldquest mining corp (GDQMF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$180.0K
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$150.0K
Compensation as of Fiscal Year 2013.

goldquest mining corp (GDQMF) Key Developments

Goldquest Mining Corp. Releases Drill Results and Exploration Update at Tireo Project in the San Juan District, Dominican Republic

GoldQuest Mining Corp. announced an exploration update including assay results from four holes from its ongoing drill program which commenced May 2014 on its 100% owned San Juan concession group in the Dominican Republic, which includes the Romero gold/copper deposit. Drilling is underway at a porphyry target at La Guama North, and the larger La Bestia target will be drilled shortly. Assays have been received for four holes, LTP 158,159,160 and LTP-161. A further two holes, LTP 162 and 163 have been completed with assays pending and LTP 164 is in progress. LTP 158, LTP 160 and LTP-161 were drilled between the Romero and Romero South deposit, and all three holes terminated above or adjacent to the target zone and LTP 159 was drilled to the east of Romero South All holes were within the alteration halo consistent with Romero style hydrothermal systems. No significant intersections have been encountered to date and more ground geophysics is required on the root zone which extends to the south and outside of the current ground IP coverage. The results and sub intervals summarized in the table above have a bottom cut-off of 0.15 g/t of gold. A top cut of 50 g/t gold is used, 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. LTP-158 - Intersected pervasive pyrite mineralization with patchy weak gold, copper and zinc. Detailed thin sections revealed the hole intersected the upper part of hydrothermal system and that stronger potential remains below. The hole was stopped short of the target depth due to a combination of drill capacity and a large fault zone. Additional deeper drilling will be considered at a later date once stronger near surface targets have been drilled. LTP-159 - Targeted a previously unidentified deep root zone to the Romero South mineralization. The drilling encountered alteration and pyrite mineralization associated with weak gold, copper and zinc. Drilling confirmed the anticipated alteration system at a depth of 500 metres and to the east of the deposit, as identified in the airborne ZTEM survey, encountering two weakly mineralized zones where both the upper and deeper zone matched the targets. The ZTEM conductive anomaly continues for several kilometres to the south and additional drilling will be considered once the area has been covered with ground IP geophysics. LTP-160 - Intersected similar results as LTP-158 and also appears to be in the upper part of the targeted hydrothermal system. The hole did not reach the targeted depth due to a combination of drill capacity and a large fault zone. Additional deeper drilling will be considered at a later date once stronger near surface targets have been drilled. LTP-161 - Did not intersect significant mineralization and the hole is above and too far east of the desired core of the hydrothermal system. The complete San Juan property has been flown with airborne magnetics and electro magnetics (EM) by Geotech Geophysics in February and March 2014, the first ever comprehensive airborne survey done in the district. Favorable exploration areas identified from the airborne magnetics and EM are focused on with the company comprehensive ground program. The ground program involves detailed mapping and deep penetrating ground IP by Insight Geophysics. In recent weeks, the company have identified a new chargeable anomaly 7 kilometers north-west of the Romero Targets and to the north of the current drilling at North Guama, which the Company expects will be drilled in due course. This new anomaly, named La Bestia, has similar geophysical characteristics to Romero, and surface mapping and sampling have been encouraging. Argillic alteration with zones of intense silicification has been traced extensively at surface and is coincident with the anomaly. Regional reconnaissance in 2013, following the Romero discovery, identified mineralized quartz veins at the north-east limit of the anomaly.

Goldquest Mining Corp. Files Preliminary Economic Assessment for Gold-Copper Romero Project, Dominican Republic

GoldQuest Mining Corp. announced that it has filed the Preliminary Economic Assessment (PEA) Technical Report for the Company's 100% owned Romero Gold-Copper Project in the Dominican Republic. The mineral resource estimate at the Romero Project, which includes 2.4 million ounces of gold equivalent Indicated mineral resources and 0.8 million ounces of gold equivalent Inferred mineral resources, remains unchanged from the Company's prior technical report on the Romero Project. This economic analysis is preliminary in nature and includes inferred resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the preliminary economic assessment will be realized. The Company has commenced its 2014 exploration program, and has completed 4 holes to date. Assays results are expected, and will be released, in the coming weeks.

Goldquest Mining Corp. Presents at Global Resources Investing - Zurich, Jun-27-2014 12:20 PM

Goldquest Mining Corp. Presents at Global Resources Investing - Zurich, Jun-27-2014 12:20 PM. Venue: Dolder Grand Hotel, Kurhausstrasse 65, Zurich, Switzerland. Speakers: William James Fisher, Executive Chairman.


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