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Venture
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Stuttgart
As of 3:38 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

goldquest mining corp (GQC) Snapshot

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02/10/14 - C$0.39
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Market Cap
13.1M
Average Volume 10 Days
138.9K
EPS TTM
C$-0.05
Shares Outstanding
145.8M
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goldquest mining corp (GQC) 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.

Founded in 1989

goldquest mining corp (GQC) 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 (GQC) Key Developments

Goldquest Mining Corp. Provides Update on its Ongoing Exploration of its 100% Owned Tireo Project in Dominican Republic

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.

Goldquest Mining Corp. Presents at Renewables and Mining Summit, Oct-16-2014 01:00 PM

Goldquest Mining Corp. Presents at Renewables and Mining Summit, Oct-16-2014 01:00 PM. Venue: Toronto, Ontario, Canada. Speakers: Bill Fisher, Executive Chairman.

GoldQuest Mining Corp Announces Exploration and Metallurgical Update for Tireo and Romero Projects, Dominican Republic

GoldQuest Mining Corp. announced an exploration update and confirmatory metallurgical data for its 100% owned Tireo and Romero projects in the Dominican Republic. Highlights: Encouraging copper results from Guama target; Two new drill targets identified through ground geophysical survey and mapping; Confirmation of 93% recovery of pyrite concentrate at Romero. The three holes included in this second batch of holes released from the 2014 exploration program were completed on a series of targets in the Guama area. The most northern hole, LTP-164 is located over 2.5 kilometres north of Romero, and considered indicative of a newly identified mineralizing event. The hole intersected a copper interval of 0.29% copper over 10.7 meters from 47.2m below surface and a second zone of 1.5 meters of 1.23% copper starting at 97.5 meters below surface, Additional drilling is planned at stronger chargeable targets to the north of LTP-164 during the 2014 campaign. The other two holes did not return significant mineralization. In addition to the active drill campaign at La Bestia, the Company continues to develop new drilling targets through its ground program throughout the Tireo Project. Mapping combined with ground IP (induced polarization) using Insight Geophysics has identified two new targets in recent weeks. New targets include an area 500 meters west of the La Bestia target and another to the south of the Romero South deposit. The target west of the main La Bestia zone is made up of a broad chargeability high of over 1.5 kilometers wide and over 2 kilometers in length and remains open to the north-west and south. The new target south of Romero South was identified in the past few days and the survey crew is currently defining the extents this target. Both new targets were identified by systematically surveying and mapping favorable ground identified in the airborne ZTEM survey flown in early 2014. The copper mineralization reported in the table above may not represent true mineralization widths and additional drilling will be required to determine the extents, orientation and whether potentially economic concentrations occur at the target. Copper values are not capped at an upper value for the calculation of the average grade for the interval. Holes LTP-162 and LTP-163 are vertically drilled holes, and LTP-164 is inclined with a dip of -70 degrees and an azimuth of 190 degrees. The company has completed two additional holes and has a third hole in progress at the La Bestia target. The Company will continue to release new drill hole results in batches as their analysis is completed. ACME Labs have been instructed to release assays to the company only once the batches have been completed. Metallurgical update: In the Preliminary Economic Assessment (PEA) for the Romero Project, filed July 16th 2014 on SEDAR, Micon International, independent engineers, reported on a potential flow sheet, where 92% of the copper reported to the copper concentrate along with 51% of the gold. A second concentrate, mainly consisting of the mineral pyrite, was produced, containing 32% of the gold, which was deemed suitable for bioleaching to recover the gold. At the time of the PEA report the bioleach work was in progress, by ALS's laboratory in Perth Australia. For the purposes of the PEA report, Micon estimated that the recoveries of gold from the pyrite concentrate were estimated at 93%. The laboratory has confirmed this 93% recovery with recommendations that may lead to further improvements. At this preliminary stage, total recoveries of metals into both concentrates are estimated to be a combined 81% for the gold and 92% for the copper. As part of the Company's 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 (CRSM or Standards), which are inserted at a rate of 5 per 100 samples. Within the results disclosed herein, there were no samples which had results outside of the recommended tolerances for copper or gold. In GoldQuest's drill programs, composite intervals were chosen using a combination of geological criteria and mineralization, averaging around 2 metres core length. The drill core is cut in half with one half of the core sample shipped to ACME Labs by GoldQuest 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 Au and a 0.001% detection limit for Cu 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.

 

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