Mineral Resource for Las Animas Massive Sulphide Project
VANCOUVER, BC - GoldQuest Mining Corp. reported the initial NI 43-101 compliant mineral resource estimate on its 100% owned Las Animas project located in the central Dominican Republic. This news release has been revised because disclosure regulations do not permit the addition of inferred mineral resources to any other category. Accordingly the total indicated plus inferred mineral resource category has been removed. There are no other changes to the mineral resources.
The resource estimate indicated mineral resource of 1.00 million tonnes grading 2.95 g/t Au, 2.70% Cu, 3.36% Zn and 58.6 g/t Ag containing 95,185 oz Au, 60 million lb Cu, 74 million lb Zn, and 1.90 million oz Ag; and an inferred mineral resource of 0.62 million tonnes grading 1.66 g/t Au, 3.32% Cu, 3.99% Zn and 31.4 g/t Ag containing 33,357 oz Au, 0.6 million ounces Ag, 46 million lb Cu and 55 million pounds Zn; and the mineral resources are open at depth.
Alistair Waddell, President & CEO of GoldQuest, commented, "The completion of this initial resource calculation for the El Yujo massive sulphide deposit in the Las Animas project is a significant step forward for the project and the Company. The resource is still open at depth and the Company continues to explore other new targets along strike and in the district including the Guazumitas area where anomalies have been defined by surface sampling and exploratory drilling."
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