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GoldQuest Mining: Advisor to the Executive Branch Makes Positive Comments About the Romero Project
VANCOUVER, British Columbia, June 15, 2021 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) During an interview in El Gobiern
About this update from Goldquest Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 15, 2021 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) During an interview in El Gobierno de la Tarde the mining advisor of the Executive Branch, Miguel Peña, said last Friday that GoldQuest’s Romero project, in San Juan de la Maguana, has the ideal conditions to carry out a model mine in the Dominican Republic and the world. He was also quoted as stating that the Romero site has been misinterpreted by a lot of San Juan’s society and that the deposit has the ideal conditions for an underground mine. Dave Massola, CEO of GoldQuest Limited stated “We are glad that Mr. Pena has stated that the Romero Project will be an ideal mine for the Dominican Republic as the Romero Mine will be a simple underground mine with crushing, grinding and flotation and will only use water collected from rain to produce a copper concentrate.” The Company is well funded with C$15.1 million in cash reported at the end of Q1 2021. Link to Mr. Miguel Pena’s statements: https://www.opinionlibrebarahona.com/2021/06/insisten-en-explotacion-minera-en-san.html?m=1 About GoldQuest: GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward‐looking statements Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to potential development and production from the Company’ Romero Project, the economy of the Dominican Republic, the benefits of development and production from the Romero project on the economy of the Dominican Republic, the NPV and IRR included in the PFS, future tax payments and exploration expenditures by th...