Slide 1: The Romero Discovery
The Romero Discovery May 2012 GoldQuestCorp.com 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this document, to the extent not based on historical events, constitute forward-looking statements. Forward-looking statements include, without limitation, statements evaluating market and general economic conditions in the preceding sections, and statements
Slide 3: GoldQuest: Discovering Gold
GoldQuest: Discovering Gold • Focus on gold and copper exploration & development in Dominican Republic • EXPLORATION • Drill program at Las Tres Palmas, near La Escandalosa Sur discovers Romero gold/copper mineralization • DEVELOPMENT • Assessing opportunities to accelerate towards development compa
Slide 4: GoldQuest Directors & Management
GoldQuest Directors & Management Julio Espaillat • 30+ years experience in the mining industry Chief Executive Officer • Former Executive at Falconbridge & GlobeStar Bill Fisher • 30+ years experience in mining industry Executive Chairman • Former Chairman – Aurelian; CEO – GlobeStar, VP Exploration
Slide 5: New Drilling Results – Las Tres Palmas District
New Drilling Results – Las Tres Palmas District (includes La Escandalosa Sur) 5
Slide 6: The Romero discovery – Adjacent to GQC's Hondo Valle Field HQ
The Romero discovery – Adjacent to GQC´s Hondo Valle Field HQ Romero discovery hole Access road GQC Field HQ 6
Slide 7: The Romero Discovery on 16th May 2012
The Romero Discovery on 16th May 2012 231 metres grading 2.4 g/t gold consisting of: 70 m grading 1.12 g/t gold (depleted 0.03 % copper), and 160 m @ 3.0 g/t gold and 0.62 % copper (Incl. 12 m @ 18.25 g/t gold and 2.1% copper) From 30 m – 264 m OPEN AT DEPTH Most northerly drillhole - 300 m step out
Slide 8: Dominican Republic Background
Dominican Republic Background • Pro-mining & pro-foreign investment • Well-established, competitive mining code • Long history of mining; Key industry for the DR economy • Barrick / Goldcorp (Canada)– $3.6 Billion investment at Pueblo Viejo (22M Oz Gold & 117.3M Oz Silver) Commissioning Q4 2012 • Xs
Slide 9: GoldQuest: Focus on central DR
GoldQuest: Focus on central DR • Dominican Republic: • 2001 - Began exploration including JV with Goldfields • 2004 – Recognised Las Tres Palmas district as prospective • 2006 - Discovered La Escandalosa Sur gold resource • 2010 - Debut NI 43-101 Resources for both La Escandalosa Sur and high grade
Slide 10: Las Tres Palmas District Drilling Results
Las Tres Palmas District Drilling Results Escandalosa – Debut NI 43-101 resource 2010 • LTP -07 60 m @ 2.1 g/t gold • LTP -39 26 m @ 11.4 g/t gold • LTP -41 53 m @ 3.0 g/t gold • LTP -62 36 m @ 2.7 g/t gold • LTP -83 22 m @ 6.0 g/t gold Hondo Valle Mineralization • LTP - 65 29 m @ 2.2 g/t gold • LTP
Slide 11: La Escandalosa Sur Resource
La Escandalosa Sur Resource • Ideal for open pit options DDH: 26m @ 11.0 g/t Au Trench: 48m @ 5.2 g/t Au v v v v v v v v v v v v v v v v v v ? v v v v DDH: 60m @ 2.1 g/t Au v v v v v v v v v v v v v v v v v vv v v v v v v v v v v v v v v v v v v v LTP-6 LTP-7 50m 11
Slide 12: La Escandalosa Sur Development
La Escandalosa Sur Development NI 43-101 Compliant Resource Inferred Resource 4.9 million tonnes @ 2.6 g/t Au (406,000 oz gold) 12
Slide 13: Las Tres Palmas District Exploration
Las Tres Palmas District Exploration • 2011 Ground geophysics programs (Induced Polarization and magnetics completed) • Target generation based on main Zone A – Zones B and C undrilled Zone C Low Resistivity Zone B Corridor Romero Zone A Hondo Valle La Escandalosa Chargeability Zones b and c mapping
Slide 14: Drilling on Las Tres Palmas Trend, Central Dominican Republic
Drilling on Las Tres Palmas Trend, Central Dominican Republic • IP and mag surveys basis for drill siting • New Drill program designed to investigate complete trend 14
Slide 15: May 2012 Drilling Summary
May 2012 Drilling Summary LAS TRES PALMAS MAY 2012 DRILL PROGRAM RESULTS, OVERLAYING CONDUCTIVITY MAP LTP.77 160.00 168.00 8.00 1.72 La Escandalosa and 198.00 202.00 4.00 0.73 LTP.78 No significant values La Escandalosa LTP.79 $227 68.00 15.73 0.91 La Escandalosa including 60.00 68.00 8.00 1.28 LTP.
Slide 16: LTP 90 hole in Romero
LTP 90 hole in Romero •Most northerly hole open in all directions •Greatest thickness encountered by GoldQuest 16 •High copper mineralization unprecedented
Slide 17: LTP90 - Individual Assays showing continuity
LTP90 - Individual Assays showing continuity 17
Slide 18: Summary of New Drill Program Results
Summary of New Drill Program Results • Discovery at Romero • Open in all directions • Open at depth • Good additional holes in Hondo Valle • Better definition at La Escandalosa Sur - closed to south, but 22 m @ 6.0 g/t to the north 18
Slide 19: Las Animas Gold/Copper VMS Project
Las Animas Gold/Copper VMS Project NI 43-101 Compliant Resource Tonnes Cu Au Ag Zn Indicated 1.0Mt 2.70% 2.95 g/t 58.6 g/t 3.36% (59,500,000 lbs) (95,000 oz) Inferred 0.62Mt 3.32% 1.6 g/t 3.14 g/t 3.99% (45,000,000 lbs) (32,000 oz) Highlights of Project 10,392 metres drilled (63 holes) Infrastructur
Slide 20: Las Animas - Development Options
Las Animas - Development Options Processing options under review to justify further work U/G development planned from potential $2 million ramp 20
Slide 21: Portex Inc. – (35% company ownership)
Portex Inc. – (35% company ownership) • GoldQuest´s Spanish assets sold to Portex for 35% of the Iberian focused base metal Canadian Junior • Portex has an outstanding portfolio of lead/zinc assets • Toral (Spain) NI-43-101 compliant resource: » Indicated : 4.04 Mt grading 6.5% Zn, 5.3% Pb, 0.11% Cu
Slide 22: Summary
Summary • New Gold and Copper Discovery at Romero • Accretive drill results at La Escandalosa Sur and Hondo Valle • Metallurgical testing at Las Animas copper/gold project • Establishment of 35% share position in Iberian explorer, Portex • Share price recently reached at all time lows of $0.05 (mark
Slide 23: Capitalization
Capitalization Share Price (C$) 2012-05-24 $0.395 Shares Outstanding c.110.1 million Fully Diluted Shares c.125.1 million Market Capitalization (C$) $43.5 M Working Cap. (C$) approx. 2012-03-31 $1 million 52 Week High / Low (C$) $0.395 / $0.05 23
Slide 24: Goldquest - worth another look
Goldquest - worth another look 24