Business
GoldQuest Mining Intersects 53 Metres of 1.0 g/t Au from Ongoing 10,000 Metre Drill Program at Cachimbo Discovery
VANCOUVER, BC--(Marketwired - June 06, 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is please
About this update from Goldquest Mining Corp.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - June 06, 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-hole batch of drill holes from its ongoing ~10,000 metre drill program. The program is focused on identifying new gold systems and defining the extents of the mineralization at the recent Cachimbo Discovery. All drilling occurs within its 100% owned Tireo Concessions, which hosts the multi-million ounce Romero Project in the Dominican Republic. Highlights: TIR-17-28 intersected 53 metres of 1.00 g/t gold with higher grade sections including:-- 3.1 metres grading 4.82 g/t gold, 27.9 g/t silver, 2.18% zinc and 0.21% copper-- 0.3 metres grading 22.3 g/t gold, 76.8 g/t silver, 10.7% zinc and 1.02% copper TIR-17-25 intersected 21.77 metres grading 1.83 g/t gold including:-- 1.4 metres grading 9.13 g/t gold and 25 g/t silver Drilling continues at Cachimbo and mineralization is open down dip and along strike Drilling results are from a series of targets in three areas, Cachimbo, Mineros Ridge and Las Avispas, all encountering large epithermal/VMS systems, related to the collision of the Atlantic and Caribbean geological plates. Hole locations Assays from three holes at Cachimbo are reported herein. All three holes intersected gold within strata-bound polymetallic massive and semi-massive sulphide horizons and underlying vein quartz-sulfide vein stock works. Anomalous intersections were encountered in Holes TIR-17-22 (16 metres grading 1.2 g/t gold) and TIR-17-25 (22 metres grading 1.8 g/t gold) which were collared from the same platform as the Cachimbo discovery hole, TIR-16-09 intersecting 5 metres grading 14 g/t gold, 74 g/t silver, 12% zinc and 1% copper (see release dated January 10, 2017), and have extended the mineralization to the north-west and south-west. Hole TIR-17-28 (50 metres grading 1 g/t gold) was collared 100m east of the discovery hole platform. The mineralization appears to be dipping to the east and additional holes are tracing the extents eastwards and to the north and south, with assays pending. Drilling continues at Cachimbo and will test areas along strike to the south east and north west of the discovery. At Mineros Ridge drilling intersected additional encouraging gold and base metal mineralization in hole...