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GoldQuest Begins Drill Program at New Target Areas Within Tireo Project Concessions

GoldQuest Mining Corp. is pleased to announce that the Company has commenced a 10,000 metre exploration drill program at new target areas within its Tireo Project concessions.

GOLDQUEST ROMERO & ROMERO SOUTH NEW ZTEM SECTIONS

The drill program is designed to identify new mineralized bodies which could increase the mineral resources in the Romero Project area.

Highlights:

  • 10,000m exploration drill program now underway
  • Targeting Romero type mineralization
  • 8 large priority areas have been identified within 4 kilometers of Romero
  • Extensive Induced Polarization (IP) program on-going to refine drill targets from airborne survey

"We are very pleased to be commencing our 2014 drill program and to build on the success of our Romero Project," commented Julio Espaillat, GoldQuest's CEO. "Our recent airborne program, regional mapping and ground IP have identified a number of strong targets both close to Romero and along the belt. Our goal for 2014 is to discover new deposits and to grow our resource base in this exciting new district."

The Company has a systematic targeting approach which utilizes the airborne ZTEM survey to identify area of high priority and ground IP and surface mapping and sampling to refine drill targets. Due to their proximity to existing mineral resources, targets close to The Romero Project will be drilled first. The proximity improves the likelihood of exploration success in finding Romero styled gold-copper mineralization.

The first target to be drill tested is 300 metres south of Romero in an area where the ZTEM survey identified a large conductive body. Past drilling in the area was too shallow to encounter the target, which starts at a depth of 250 metres. One of the 2013 holes, LTP-135, drilled the western edge of the anomaly and ended in 2.1 metres of 10.6 g/t gold mineralization (see press release May 16, 2013).

The 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.

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