Tuesday 27th June 2017

Resource Clips

GoldQuest reports Dominican Rep Assay: 4.47 g/t Gold, 1.27% Copper over 258m

Resource Clips - essential news on junior gold mining and junior silver miningGoldQuest Mining Corp TSXV:GQC announced July 31 an up to $15-million bought-deal private placement to fund its Dominican Republic gold-copper projects and working capital. On July 30, it reported assays from Hole LTP 93 of the Romero discovery on its 100%-owned Las Tres Palmas Project in central Dominican Republic. Highlights include

1.25 grams per tonne gold, 0.03% copper over 55.42 metres
4.47 g/t gold, 1.27% copper over 258.03 metres
(including 26.39 g/t gold, 1.59% copper over 12 metres)
(including 10.86 g/t gold, 1.55% copper over 8 metres)
(including 34.69 g/t gold, 2.06 % copper over 16.08 metres)
(including 74.11 g/t gold, 2.28% copper over 6.17 metres)

GoldQuest CEO Julio Espaillat commented, “Hole LTP 93 is considered to contain the most mineralization seen in the holes drilled to date and further adds to our understanding of the Romero mineralization. The hole will likely be our deepest, until a larger drill rig, with deeper drilling capability, arrives on site, which is expected to occur around the end of August. While the complete mineralization from top to bottom (using 0.15 g/t bottom cutoff, where grades lower than 0.15 g/t are considered zero and a nominal 50 g/t top cutoff) is 388 metres grading 2.46 g/t gold and 0.88 % copper, and the various horizons seem to be part of the same mineralizing system, the company considers it prudent to focus on reporting separately the copper poor section above and the copper enhanced section below.”

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Julio Espaillat

or Sebastian de Kloet
Investor Relations

by Kevin Michael Grace

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