GoldQuest Files NI-43-101 Technical Report for Romero Project
2013年12月18日 - 7:06AM
Marketwired Canada
GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) ("GoldQuest"
or the "Company") is pleased to announce that it has filed the NI-43-101
Technical Report for the Companies 100% owned Romero Project on SEDAR. The
Company is also releasing the results from the last eight holes of the 2013
drill campaign at the Romero Project including an infill hole of 25.7m grading
7.8 g/t gold, and other lower grade peripheral holes.
The Company recently published a NI 43-101 mineral resource estimate at the
Romero Project which included 2.4 million ounces of gold equivalent Indicated
mineral resources and 0.8 million ounces of gold equivalent Inferred mineral
resources (see October 29, 2013 release). Pursuant to NI 43-101, the company has
filed the Technical Report on SEDAR.
"It has been a successful and busy year for the company and we are very happy to
have reached this important milestone," commented GoldQuest CEO Julio Espaillat.
"In the coming year we will remain busy and focused on exploring this exciting
new mineral belt and while we continue to advance our flagship Romero Project."
Table 1: Mineral Resources for Romero and Romero South Estimated by Micon
International Limited as of October 29, 2013 (See press release October 29,
2013)
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Au Cu Zn Ag AuEq AuEq
Category Zone Tonnes (g/t) (%) (%) (g/t) (g/t) Au Ounces Ounces
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Indicated Romero 17,310,000 2.55 0.68 0.30 4.0 3.81 1,419,000 2,123,000
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Romero
South 2,110,000 3.33 0.23 0.17 1.5 3.80 226,000 258,000
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Total Indicated
Mineral Resources 19,420,000 2.63 0.63 0.29 3.7 3.81 1,645,000 2,381,000
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Inferred Romero 8,520,000 1.59 0.39 0.46 4.0 2.47 437,000 678,000
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Romero
South 1,500,000 1.92 0.19 0.18 2.3 2.33 92,000 112,000
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Total Inferred
Mineral Resources 10,020,000 1.64 0.36 0.42 3.8 2.45 529,000 790,000
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The results from the one in-fill hole and seven peripheral holes are summarized
in the table below:
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Gold
From To Interval (g/t) Copper Gold (g/t)
Hole_ID (m) (m) (m) uncut (%) 50 g/t top cut-off
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LTP-150 153.80 225.50 71.70 3.14 0.07 3.14
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Including
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199.78 225.50 25.72 7.80 0.17 7.80
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And
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288.58 371.00 82.42 0.82 0.21 0.82
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LTP-151 90.73 141.00 50.27 0.26 0.04 0.26
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LTP-152 65.67 195.07 129.40 0.54 0.04 0.54
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LTP-153 175.03 204.48 29.45 0.48 0.15 0.48
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LTP-154 126.00 182.88 56.88 0.62 0.08 0.62
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LTP-155 207.00 224.00 17.00 0.53 0.03 0.53
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LTP-156 No significant results
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LTP-157 49.35 50.29 0.94 3.96 0.00 3.96
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Hole LTP-150 was an inclined in-fill hole drilled at the Romero deposit. Holes
LTP-151 through to LTP-157 were peripheral holes drilled around the main gold
and copper trend at Romero. These holes encountered sulphide mineralization,
with lower grade gold and copper than the core of the Romero, which remains open
in several directions.
A plan map showing the hole locations at Romero for all eight holes can be found
at: www.goldquestcorp.com/images/nr/HOLE_LOCATIONS_DEC_2013.JPG
A complete set of all Romero drill hole collar coordinates and hole directions
can be found at:
www.goldquestcorp.com/images/nr/COLLAR_LOCATIONS.pdf
A complete set of assay results for all Romero drill holes can be found at:
www.goldquestcorp.com/images/nr/all_assay_dec_2013.pdf
As part of the Company's Quality Assurance and Quality Control procedures
(QA/QC), most of the high grade intervals are re-assayed and the Company is
awaiting these check samples. In addition, systematic re-assaying of intervals
is in progress, to confirm compliance of blanks and duplicates checks. The
Company also reviews results from Certified Standard Reference materials (CRSM
or Standards), which are inserted at a rate of 5 per 100 samples. Within the
results disclosed herein there were 3 samples which had results for copper
outside of recommended tolerance limits. The Company has requested re-analysis
of the samples in this batch and will report material differences in the
results.
In GoldQuest's drill programs, composite intervals were chosen using a
combination of geological criteria and mineralization, averaging around 2 metres
core length. The drill core is cut in half with one half of the core sample
shipped to ACME Labs by GoldQuest technicians. The remaining half of the core is
kept at the company core shack for future assay verification, or any other
further investigation. Assays within intervals below the 0.005 g/t detection
limit for Au were given a zero value. All drill samples were prepared and
screened by ACME Labs (Santo Domingo); metallic fire assay and multi-element
ICP-MS were assayed by ACME Analytical Laboratories (Chile). Gold values are
determined by standard fire assay with an AA finish, or, if over 10.0 g/t Au,
were re-assayed and completed with a gravimetric finish. QA/QC included the
insertion and continual monitoring of numerous standards, blanks and duplicates
into the sample stream, at random intervals within each batch. The comprehensive
GoldQuest Quality Assurance and Quality Control protocols can be viewed on
GoldQuest's Website at:
http://goldquestcorp.com/index.php/corporate/corporate-governance.
The assay results and QA/QC data in this press release has been reviewed and
approved by Mr. Jeremy Niemi, P.Geo., the Director, Technical Services of
GoldQuest and a Qualified Person for the technical information in this press
release under NI 43-101 standards.
About GoldQuest
GoldQuest is a Canadian based mineral exploration company with projects in the
Dominican Republic traded on the TSX-V under the symbol GQC.V and in
Frankfurt/Berlin with symbol M1W, with 143,980,044 shares outstanding
(157,806,559 on a fully diluted basis).
Forward-looking statements:
This news release contains certain statements that may be deemed
"forward-looking statements", including statements regarding the Company's
expectations and plans for its mineral projects, including its drilling programs
and the IP program. All statements in this release, other than statements of
historical fact, that address events or developments that GoldQuest expects to
occur, are forward- looking statements.
Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although GoldQuest believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results may differ materially from those in forward-looking statements. Factors
that could cause the actual results to differ materially from those in
forward-looking statements include exploitation and exploration success,
differing results from re-assays or other analytical procedures with respect to
the drill results, continued availability of capital, financing and required
resources (such as human resources, equipment and/or other capital resources)
and general economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance and actual
results or developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of GoldQuest's management on the date the statements are
made. GoldQuest undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or opinions, or
other factors, should change, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
GoldQuest Mining Corp.
Julio Espaillat
President & Chief Executive Officer
+1-829-919-8701
jespaillat@goldquestcorp.com
GoldQuest Mining Corp.
Office of the Chairman - Toronto
+1-416-583-5606
wfisher@goldquestcorp.com
www.goldquestcorp.com
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