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GoldQuest To Commence 10,000 Metre Drill Program at Tireo Property in August
VANCOUVER, BC--(Marketwired - July 28, 2016) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") has signe
About this update from Goldquest Mining Corp.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - July 28, 2016) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) (\"GoldQuest\" or the \"Company\") has signed a contract with Energold Drilling for a 10,000 metre diamond drilling program at the Company's 100%-owned Tireo Property in the Dominican Republic. All the holes will be targeting newly recognized zones of potential mineralization following the recently completed substantial ground induced polarization (\"IP\") survey. \"We are excited by the potential of these exploration targets,\" stated Bill Fisher, Executive Chairman of GoldQuest. \"Many of these IP targets are similar to the anomalies that became the multi-million ounce Romero Project deposits. Anomalous gold values at surface of up to 167 g/t gold will also be tested.\" The drill program will commence in early August and will focus on testing the identified IP targets along the Tireo belt, hosting gold/copper mineralization related to the collision of the Atlantic and Caribbean geological plates. A 15 kilometre long section of the Tireo Belt has never been drilled, and sits between the Company's Romero gold/copper deposits and Precipitate Gold Corp.'s (TSX VENTURE: PRG) Ginger Ridge discovery. GoldQuest's systematic and rigorous target generation process built on cost effective geological and alteration mapping geochemical sampling following up key airborne magnetic and electro magnetic geophysical trends, culminating with the 2016 IP survey, the first ever carried out in this portion of the belt. The main deposit at the multi-million ounce Romero Project does not outcrop to surface and was discovered in 2012 by IP surveying. The IP survey can be viewed at: PDF.js viewer Thumbnails Document Outline Attachments Layers Current Outline Item Previous Next Highlight All Match Case Match Diacritics Whole Words Color Size Color Thickness Opacity Open Print Save Presentation Mode Current Page Go to First Page Go to Last Page Rotate Clockwise Rotate Counterclockwise Text Selection Tool Hand Tool Page Scrolling Vertical Scrolling Horizontal Scrolling Wrapped Scrolling No Spreads Odd Spreads Even Spreads Document Properties… Toggle Sidebar Find Previous Next Open Print Save Text Draw Tools Zoom Out Zoom In Automatic Zoom Actual Size Page Fit Page Width 50% 75% 100% 125% 150% 200% 300% 400% Enter the password to open thi...