Business
GoldQuest Mining Drills 21 Metres of 10.2 g/t Gold Equivalent at Cachimbo VMS Discovery in Dominican Republic
VANCOUVER, BC--(Marketwired - October 17, 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is ple
About this update from Goldquest Mining Corp.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - October 17, 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) (\"GoldQuest\" or the \"Company\") is pleased to report assay results from the latest 8-drill hole batch from its Cachimbo Discovery, a Volcanogenic Massive Sulphide (VMS) deposit located within the Company's 100% owned Tireo Concessions in the Dominican Republic. Cachimbo remains open in all directions. The Company's 50 km long land package also hosts the multi-million-ounce gold/copper Romero Project, 22 kms to the north-west, along with multiple targets areas identified by the Company. Highlights included the vertical hole, TIR-17-44 which intersected 21.0 m @ 7.86 g/t gold, 39.6 g/t silver, 0.17 % copper, 0.26 % lead and 1.81 % zinc. (10 g/t AuEq. *) within a wider mineralized envelope of 59.5 m @ 4.4 g/t AuEq. The richest horizon was found in a silica-barite matrix, associated with the upper parts of a VMS system from 11 metres below surface. The hole was collared approximately 300 m SE of the Cachimbo discovery hole TIR-16-09, which intersected 5 metres grading 14 g/t gold, 74 g/t silver, 12% zinc and 1% copper (see release dated January 10, 2017). \"Our Cachimbo discovery continues to grow, as we seek the core of the VMS system,\" commented Bill Fisher, GoldQuest's CEO and Executive Chairman. \"It is notable that the highest gold grades were found in a silica-barite horizon, the same horizon where the Company's geologists found up to 167 g/t gold at surface.\" The results are tabled below. Assays from the remaining seven intersections reported today lie within strata-bound poly-metallic massive and semi-massive sulphide horizons of the VMS system, reminiscent of the lesser mineralized halo surrounding the Company's Romero discovery. They were found within an anomalous gold halo between 150 and 240 metres in thickness, attesting to the size potential of the mineralization. Step out drilling is ongoing, seeking a potential copper-gold rich feeder system, analogous to the core of the Company's Romero deposit, which has not yet been recognized at Cachimbo. A plan map and cross-sections showing the Cachimbo drilling can be found at the following links. Plan Map: http://goldquestcorp.com/images/PlanView_Loma_El_Cachimbo.pdf Section B-B': http://goldquestcorp.com/images/Long_Section_Loma_El_Cachimbo_B-B.pdf ...