Gold Fields Commences Drilling on GoldQuest Projects

VANCOUVER, BC - GoldQuest Mining Corp. reported on the exploration activities with its partner Gold Fields Ltd. Gold Fields is currently earning a 60% interest in various projects in the Dominican Republic by expending US$5 million over a three year period.
Gold Fields has commenced drilling on GoldQuest's 100% owned Jengibre Au-Ag-Cu-Zn project and the Loma Viejo Pedro Au Project.
Drilling will test outcropping mineralization identified in five principal zones, four of which are located over a horizontal distance of approximately 1,000 meters. The northwest mineralized outcrops occur as a shallow dipping stratiform body cross-cut by a sub-vertical fault and possible feeder structures. Additional sub-vertical mineralized structures trend to the southeast. The fifth zone, located approximately 500 meters further east, is a zone of silica-pyrite alteration which trends approximately 450 meters east-west. The style of alteration and mineralization of the fifth zone is similar to that occurring in the other zones.
The Jengibre discovery is now the third significant zone of mineralization defined by GoldQuest and Gold Fields in a new 35 km NNW-trending gold district extending from the Las Tres Palmas and Loma Viejo Pedro properties in the northwest, to Jengibre in the southeast.
The Loma Viejo Pedro project. The project is located directly to the northwest of the Jengibre project on the same geological trend. Gold Fields have been following up numerous targets identified during the regional geochemical exploration programme and have recently defined several new zones of outcropping mineralization. At Loma Viejo Pedro, rocks of the Upper Cretaceous Tireo Formation host silicic, argillic and pyritic alteration with anomalous gold values. Rock chip and soil sampling has defined a three kilometre long gold anomaly. The target is a structurally controlled, poly-metallic, intermediate sulphidation, gold system. Mineralization is characterized by argillic and silicic alteration with disseminated pyrite. Several phases of pyritization can be seen at some localities, with disseminated pyrite being post-dated by later veinlets of quartz, pyrite containing traces of chalcopyrite and barite. Five initial drill holes will target a 1.2 km trend which is host to the highest gold in rock chip; this trend has returned values up to 15.3 g/t Au.
The company's address is Suite 720 - 700 West Pender Street, Vancouver, BC V6C 1G8, (604) 632-4333, fax: (604) 608-4804, email: [email protected] .