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Company Description

Contact Info

65 George Street

2nd Floor

Toronto, ON M5A 4L8

Canada

Phone: 416-214-9151

Fax: 866-276-8954

GoldQuest Mining Corp., through its subsidiaries, engages in the ownership and exploration of mineral properties in the Dominican Republic. Some of GoldQuest’s mineral properties substantially circumscribe Placer Dome’s Pueblo Viejo Mine. Pueblo Viejo The Pueblo Viejo gold mine is located 110 km north of Santo Domingo in hilly, jungle covered terrain at an altitude of around 300 m. The mine produced 5.4 Moz Au and 24.7 Moz Ag from oxide and transition ore between 1975 and 1999. Celestina The Celestina concession is 100% owned by GoldQuest. The property is located in the Santiago province. Celestina targets gold & silver. Piedra Imán The Piedra Imán 1 concession is 100% owned by GoldQuest. The property is located in the Sanchez Ramirez province. GoldQuest identified the property in 2001 during the regional stream sediment programme that returned geochemistry typical of the Pueblo Viejo mine deposit. It targets gold, silver, copper & zinc. Longyear The Longyear 1 concession is held by Casa Real S.A. a 100% owned subsidiary of Energold Mining, Ltd. of Canada. GoldQuest optioned this strategic property from Energold in November 2003. GoldQuest can subsequently earn up to an 80% interest by completing a feasibility study. It covers 1,090 ha and targeted at gold, copper, silver & zinc. The property is located in the Sanchez Ramirez province. Loma Resbalosa The Loma Resbalosa concession is 100% owned by GoldQuest. The property is located in the Sanchez Ramirez province. It targets gold, silver, copper & zinc. Centenario The Centenario concession is 100% owned by a subsidiary of Energold Mining, Ltd. The property covers 2,325 ha. In January 2004 GoldQuest entered into an agreement with Vancouver based Energold Mining Limited to option the property. The option allows GoldQuest to earn a 60% interest. GoldQuest retains a further option to earn to 80% by taking the project to feasibility study. The property is located in the Monsenor Nouel province. It targets gold and silver. Bacco y Ofir The Bacco y Ofir concession is held by Actividades Mineras S.A. a 100% owned subsidiary of Energold Mining, Ltd. of Canada. GoldQuest has a 51% interest of the property in joint venture with Energold. The property is located in the Monte Plata and Hato Major provinces. It targets gold, silver, copper & zinc. Josefina The Josefina concession is held by Actividades Mineras S.A., a 100% owned subsidiary of Energold Mining, Ltd. of Canada. GoldQuest acquired 51% of the property by meeting certain expenditure requirements to form a joint venture with Energold. The property is located in the Sanchez Ramirez province. It targets gold, copper & zinc. Tierra Mala The Tierra Mala concession is 100% owned by GoldQuest consists of 3,750 Ha. The property is located in the Sanchez Ramirez and Monte Plata provinces. It targets gold, silver, copper & zinc. Loma del Diablo The Loma del Diablo concession is 100% owned by GoldQuest. The property is located in the Monte Plata province. It covers 2,900 hectares. It targets gold, silver, copper & zinc. Cerro Piedra The Cerro Piedra concession is 100% owned by GoldQuest. The property is located in the Monte Plata province. It targets gold, silver, copper & zinc. Punta Larga The Punta Larga concession is 100% owned by GoldQuest. The property is located in the Sanchez Ramirez province. The company acquired all of the issued and outstanding shares of Exploration & Discovery Latin America (Panama), Inc. GoldQuest owns 100% interest in the GF Joint Venture and concessions, subject to Gold Fields’ back-in right to earn 60% of any target (Earn-in Target), which may be triggered following the completion of 1,500 meters of drilling on the Earn-in Target by GoldQuest. Gold Fields and GoldQuest would form a 60-40 joint venture. GoldQuest Mining Corp. became a public company through a reverse merger with Wellington Cove Explorations, Ltd. in 2004. Acquisitions In March 2009, Goldquest Mining Corp. announced that it has acquired all of the outstanding shares of Lundin Mining Exploration S.L. from its parent company Lundin Mining Corporation. Lundin SL holds a 100% interest in the Toral Lead-Zinc-Silver Project located in northwest Spain and a second polymetallic project currently under application.

 

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