Business
GoldQuest Mining Provides Update on the Romero Project Status
VANCOUVER, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is pleased to provide an update
About this update from Goldquest Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is pleased to provide an update on progress towards achieving the Romero Project Exploitation License (the “Permit”) in the San Juan Province of the Dominican Republic following a visit to the Dominican Republic by David Massola, CEO and Bill Fisher, Chairman of the board last week. The response by government officials was positive regarding support of the project, however, no commitment was made or timetable provided as to when the decision would be made with respect to the Permit. The Company has been encouraged by the recent reported public statements in San Juan by the President Luis Abinader on January 8, 2022. He stated that he was in favor of knowing whether or not mining is feasible in San Juan province, and that the necessary scientific studies are to be carried out, recognizing that beforehand the government must grant the Romero exploitation permit to know the potential for gold production in the region. In the annual policy speech by the President on February 27, 2022 he also stated: “This administration believes in promoting a sustainable mining industry that operates with the highest standards in the world, that guarantees the environment, peaceful coexistence with the communities and that the resources produced serve to achieve a true transformation in the lives of the families that reside in these areas.” The Company will continue to work closely with the government as it has done in the past to achieve the Company’s goal of receiving the Permit which will allow advanced environmental, social and economic studies to investigate the viability of the Company’s flagship Romero gold/copper project. “We are pleased that the political climate remains positive for the Romero project and that the Minister of Energy and Mines Almonte stated to GoldQuest’s CEO and Chairman that he supports the Romero Project,” commented Dave Massola, the Company’s CEO. The Minister of Finance, Hochi Vicente, expressed his support for the Romero license issuance, and recognized the role that a mining project of this nature could achieve, recognizing that mining today represents $1.8 billion or 20% of the national exports – a key sector for the solvency of the country. Along with the Minsters of Energy and Mi...