Posted in | News | Gold

GoldQuest Mining Begins Phase II Drilling at La Escandalosa Project in Dominican Republic

GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) has announced the start of a Phase II drilling program at its 100% owned La Escandalosa project in the Dominican Republic.

The Company has deployed a rig to the project and planned a program of approximately 30 to 40 holes totalling approximately 2,500 to 3,500 metres. The Phase II program is focused on upgrading the current NI 43-101 compliant resource estimate at La Escandalosa and to test potential extensions along strike to the north and south.

Anna Stylianides, GoldQuest's President and CEO, commented, "Now that all the necessary licenses and permits are in place, we are pleased to be in a position to start the next phase of drilling with the objective of upgrading and expanding on our recent resource estimate. We have had some excellent results from La Escandalosa and are confident that further drilling will continue to show strong mineralization and expand the resource Area. We expect a small number of holes to be completed in December and drilling activity to accelerate from the beginning of January. Assay results will be announced upon their receipt and analysis by the Company."

The present inferred mineral resource at La Escandalosa is 4,862,835 tonnes grading 2.596 g/t gold at a nominal cut-off of 0.3 g/t of gold containing 405,924 ounces of gold and has a strike length of about 600 metres (refer to news release dated November 16, 2010). To date, the number of holes drilled at La Escandalosa is 25 drill holes with a total length of 3,291 metres.

As previously reported, the Company believes that there is exploration potential for the discovery of additional mineralization in structural feeder zones or possibly related to porphyry copper-gold type mineralization. The La Escandalosa property contains stratiform gold mineralization with copper, silver and zinc of intermediate sulfidation epithermal style. Alteration and mineralization has been traced for 2,200 metres from Hondo Valle to La Hilguera.

Source:

GoldQuest Mining Corp.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    GoldQuest Mining Corp.. (2019, February 18). GoldQuest Mining Begins Phase II Drilling at La Escandalosa Project in Dominican Republic. AZoMining. Retrieved on December 08, 2024 from https://www.azomining.com/News.aspx?newsID=2199.

  • MLA

    GoldQuest Mining Corp.. "GoldQuest Mining Begins Phase II Drilling at La Escandalosa Project in Dominican Republic". AZoMining. 08 December 2024. <https://www.azomining.com/News.aspx?newsID=2199>.

  • Chicago

    GoldQuest Mining Corp.. "GoldQuest Mining Begins Phase II Drilling at La Escandalosa Project in Dominican Republic". AZoMining. https://www.azomining.com/News.aspx?newsID=2199. (accessed December 08, 2024).

  • Harvard

    GoldQuest Mining Corp.. 2019. GoldQuest Mining Begins Phase II Drilling at La Escandalosa Project in Dominican Republic. AZoMining, viewed 08 December 2024, https://www.azomining.com/News.aspx?newsID=2199.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.