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GoldQuest Provides Exploration Update on Tireo Project, Dominican Republic
VANCOUVER, BC--(Marketwired - June 15, 2016) - 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 15, 2016) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) (\"GoldQuest\" or the \"Company\") is pleased to provide an update on the ongoing exploration program over its 100% owned Tireo Project in the Dominican Republic. Recent ground induced polarization (IP) geophysics and mapping work has focused on the southern portion of the gold belt in preparation for an upcoming 10,000 metre exploration drilling program. Drilling on IP chargeability high anomalies led to the discovery of the Romero deposit and thus is a key exploration tool in the region. As a result, GoldQuest has applied a systematic exploration program targeting prospective geological trends with mapping and ground geophysics, including IP, resistivity and magnetics. To date, the IP program has confirmed five new chargeability high trends, all coincident with favorable alteration and geochemistry in outcropping rocks. These trends include a continuous 17 kilometer anomaly which extends south from the Romero deposit in the central portion of the belt as well as four new sub-parallel of anomalies in the southern portion of the gold belt. \"Over the past eighteen months we have built up a substantial inventory of exploration targets in the Tireo Gold Belt. With groundwork in advance of drilling now nearing completion, we eagerly anticipate commencing drilling in August,\" commented Bill Fisher, GoldQuest's Chairman. \"Discovering the Romero deposit has uniquely positioned our team to carry out a comprehensive and detailed exploration program. The program has led to identification of numerous targets which will be ranked and systematically tested in our upcoming drilling program as we seek a new discovery in the belt.\" In other news, the Company's Annual General Meeting will be held at 10am on 16th June at Blakes, Cassels & Graydon LLP at 199 Bay Street, Suite 4000 in Toronto, Ontario. The CEO and senior management will be present to update shareholders of the Company's developments, including the exploration outlined in this release, and on progress of the Pre-Feasiblity Study which is expected to be completed at the end of the summer. The information in this press release has been reviewed and approved by Mr. Jeremy Niemi, P. Geo., Vice President, Exploration of GoldQuest and a Qualified Person for the t...