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GoldQuest: Drilling at Cachimbo returns 148 m grading 0.8 g/t gold including 5.05 m grading 8.4 g/t gold
Jan. 30, 2018 08:39AM PST
Gold InvestingGoldQuest Mining (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) (“GoldQuest” or the “Company”) is pleased to report assay results from the latest seven drill holes from its Cachimbo Discovery located within the Company’s 100% owned Tireo Concessions in the Dominican Republic. Mineralization at Cachimbo remains open in all directions. The Company’s 50-km-long land package also hosts multiple targets …
GoldQuest Mining (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) (“GoldQuest” or the “Company”) is pleased to report assay results from the latest seven drill holes from its Cachimbo Discovery located within the Company’s 100% owned Tireo Concessions in the Dominican Republic.
Mineralization at Cachimbo remains open in all directions. The Company’s 50-km-long land package also hosts multiple targets areas and the multi-million-ounce gold/copper Romero Project, 22 km to the north-west, which this week received approval from the Ministry of Mines for a 75-year Exploitation License (see release of Jan 22nd, 2018).
Bill Fisher, GoldQuest’s CEO, said:
“These results support our belief that our Cachimbo discovery has considerable potential for a large gold bearing system, which we continue to intersect.
An expanded 2018 drill program will be announced shortly, which will include testing further expansion of Cachimbo, new targets along the 50 km belt and a dedicated program around the Romero development area.”
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