Drilling At Romero Project Results In 43 Metres Grading 7.88 g/t Gold and 1.41% Copper
VANCOUVER, BC - GoldQuest Mining Corp./Users/dalehowell/Desktop/LA - Romero.txt reported the results of the first 3 drill holes of its recently completed 6 hole 2015 drill program on its 100% owned Romero gold/copper deposit in the Dominican Republic. The holes were designed to move inferred material to the measured and indicated categories that will allow it to be included in feasibility level economic studies. All holes met or exceeded expectations in terms of grade and thickness, based on the existing mineral resource block model.
Highlights: LTP 169 which intersected 43 metres of 7.9 g/t gold (cut) and 1.4 % copper, equaling some of the highest grades drilled at Romero, which included 8 metres grading 29.3 g/t gold (cut) and 2.2 % copper, and the best interval being 2m grading 119.7 g/t gold (uncut) and 5.24% copper. This interval exceeded expected grades and thickness based on the mineral resource block model. This intercept is estimated to be true width based on the known geometry of the zone. In addition, hole LTP 168 reported two separate intercepts of 85 metres grading 2.39 g/t gold and 0.41% copper and 48 metres grading 1.17 g/t gold and 0.46% copper.
"These first three holes tested areas of inferred resources, away from the high grade core of the Romero deposit. Hole LTP 169 exceeded our expectations based on the block model grades and highlights the potential to increase the amount of high grade material outside the core deposit area," commented Julio Espaillat, President and Chief Executive Officer. "As we move the Romero Project forward it is anticipated that minimal further drilling, if any, will be needed for the pre-feasibility study."