Goldquest: high grade - Gold, Silber und Kupfer (Seite 19)
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ISIN: CA38144C1005 · WKN: A0B7D8 · Symbol: GQC
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GoldQuest Grants Incentive Stock Options - Aug 26, 2011
www.marketwire.com/press-release/goldquest-grants-incentive-…
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GoldQuest Completes Geophysical Program &Initiates Preliminary Economic Assessment for Its Escandalosa Gold Project, Dominican Republic - Aug 24, 2011
http://finance.yahoo.com/news/GoldQuest-Completes-ccn-192533…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC - News; FRANKFURT:M1W - News; "GoldQuest" or the "Company") is pleased to announce that it has completed a ground geophysical survey (IP) at its 100% owned La Escandalosa exploration concession in the Western Dominican Republic. A total of 26 lines, totaling 74.8 kilometers, were surveyed over an area of approximately 15 square kilometers at the Hondo Valle - La Higuera grid. The objective of the survey is to better define drill targets within the surveyed area, with particular focus on particular areas both to the south and to the north of the known mineralized zone at La Escandalosa Sur, on which the Company published a NI 43-101 Compliant Inferred Resource of 4.86 million tonnes grading 2.60 g/t gold at 0.3 g/t cut off (as previously announced in a news release dated November 16, 2010). The survey will also aid in the selection of drill targets to the north of Hondo Valle, located about 1.2 kilometers to the north of la Escandalosa Sur, where the Company is considering the potential to pursue a new mineralized zone. The analysis of the ground geophysical survey (IP) is currently underway and the results of this survey are expected to be completed and announced in September, 2011. As part of the ongoing exploration program, the Company purchased a high precision magnetometer to carry on in-house magnetic surveys on all of the Company's exploration concessions within Dominican Republic. Currently a survey over an area of approximately 30 square kilometers is in progress at the Loma Oculta exploration concession, where Las Animas massive sulphide project is located (as previously discussed in a news release dated May 7, 2009).
Furthermore, the Company has engaged MICON International, a highly respected Toronto-based mineral consultancy firm, to carry out Preliminary Economic Assessments (PEAs) on our La Escandalosa Sur and Las Animas projects. While we are fully committed to continued exploration of our projects through mapping, geochemical, geophysical and drilling programs, management believes that having an economic framework to guide our exploration is warranted. We expect the results from the PEA of La Escandalosa Sur gold project to be released this fall, followed by the PEA on Las Animas massive sulphide later this year.
Finally, the Company has retained Resource Development Inc (RDI) of Colorado, to initiate metallurgical testing for its La Escandalosa Sur and Las Animas Projects. Results from testing will provide GoldQuest with a good understanding of the metallurgy and recoveries of the mineralization at each of these projects.
"We are very excited with the expected targets that will be generated by the ground geophysical survey (IP) at our La Escandalosa Concession and with both metallurgical testing and PEAs of La Escandalosa Sur and Las Animas Projects as we continue to move from an exploration based company to a development stage company," commented Julio Espaillat, the President and CEO.
About GoldQuest
GoldQuest is a Vancouver based mineral exploration company with projects in Spain and the Dominican Republic traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with the symbol M1W, with 103,508,601 shares outstanding and 110,551,851 on a fully diluted basis. The recent trading range has been C$0.16 to C$0.40.
The qualified person for the technical information in this press release is Mr. William Fisher, P. Geo. Mr. Fisher is a Director of GoldQuest Mining Corp.
On behalf of the Board of Directors,
Julio Espaillat, President & Chief Executive Officer "
http://finance.yahoo.com/news/GoldQuest-Completes-ccn-192533…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC - News; FRANKFURT:M1W - News; "GoldQuest" or the "Company") is pleased to announce that it has completed a ground geophysical survey (IP) at its 100% owned La Escandalosa exploration concession in the Western Dominican Republic. A total of 26 lines, totaling 74.8 kilometers, were surveyed over an area of approximately 15 square kilometers at the Hondo Valle - La Higuera grid. The objective of the survey is to better define drill targets within the surveyed area, with particular focus on particular areas both to the south and to the north of the known mineralized zone at La Escandalosa Sur, on which the Company published a NI 43-101 Compliant Inferred Resource of 4.86 million tonnes grading 2.60 g/t gold at 0.3 g/t cut off (as previously announced in a news release dated November 16, 2010). The survey will also aid in the selection of drill targets to the north of Hondo Valle, located about 1.2 kilometers to the north of la Escandalosa Sur, where the Company is considering the potential to pursue a new mineralized zone. The analysis of the ground geophysical survey (IP) is currently underway and the results of this survey are expected to be completed and announced in September, 2011. As part of the ongoing exploration program, the Company purchased a high precision magnetometer to carry on in-house magnetic surveys on all of the Company's exploration concessions within Dominican Republic. Currently a survey over an area of approximately 30 square kilometers is in progress at the Loma Oculta exploration concession, where Las Animas massive sulphide project is located (as previously discussed in a news release dated May 7, 2009).
Furthermore, the Company has engaged MICON International, a highly respected Toronto-based mineral consultancy firm, to carry out Preliminary Economic Assessments (PEAs) on our La Escandalosa Sur and Las Animas projects. While we are fully committed to continued exploration of our projects through mapping, geochemical, geophysical and drilling programs, management believes that having an economic framework to guide our exploration is warranted. We expect the results from the PEA of La Escandalosa Sur gold project to be released this fall, followed by the PEA on Las Animas massive sulphide later this year.
Finally, the Company has retained Resource Development Inc (RDI) of Colorado, to initiate metallurgical testing for its La Escandalosa Sur and Las Animas Projects. Results from testing will provide GoldQuest with a good understanding of the metallurgy and recoveries of the mineralization at each of these projects.
"We are very excited with the expected targets that will be generated by the ground geophysical survey (IP) at our La Escandalosa Concession and with both metallurgical testing and PEAs of La Escandalosa Sur and Las Animas Projects as we continue to move from an exploration based company to a development stage company," commented Julio Espaillat, the President and CEO.
About GoldQuest
GoldQuest is a Vancouver based mineral exploration company with projects in Spain and the Dominican Republic traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with the symbol M1W, with 103,508,601 shares outstanding and 110,551,851 on a fully diluted basis. The recent trading range has been C$0.16 to C$0.40.
The qualified person for the technical information in this press release is Mr. William Fisher, P. Geo. Mr. Fisher is a Director of GoldQuest Mining Corp.
On behalf of the Board of Directors,
Julio Espaillat, President & Chief Executive Officer "
GoldQuest Announces Granting of Lago Concession in Spain and Initiation of Exploration - Jul 19, 2011
http://finance.yahoo.com/news/GoldQuest-Announces-Granting-c…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC - News; FRANKFURT:M1W - News; "GoldQuest" or the "Company") is pleased to announce the granting of the Lago Investigation Permit (exploration concession) in the eastern part of Galicia, Spain to GoldQuest Iberica, a wholly-owned subsidiary of the Company. The Lago property is the first permit granted of three highly prospective applications by GoldQuest Iberica to the Autonomous Government of Galicia. An interest in the Lago property was first acquired by the Company pursuant to an acquisition agreement dated November 30, 2009 and as disclosed by the Company in a press release dated January 15, 2009.
The Lago permit is located approximately 54 kilometers to the Northeast of the Lead, Zinc and Silver sedimentary hosted mineralization on GoldQuest's Toral property, where the Company, in a press release dated March 2, 2011, reported a National Instrument 43-101 compliant mineral resource of:
+ An indicated mineral resource of 4.04 million tonnes grading 5.30% lead(Pb), 6.50% zinc (Zn), and 41 g/t silver (Ag), containing over 470 million pounds Pb, 577 million pounds Zn, and 5.3 million oz Ag.
+ An inferred mineral resource of 4.67 million tonnes grading 4.44% Pb, 5.40% Zn and 32.0 g/t Ag containing over 456 million pounds Pb, 555 million pounds Zn, and 4.8 million ounces Ag.
A cut-off grade of 7.0% of combined Pb and Zn was used to define the Toral mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The resource estimate and corresponding technical report dated April 14, 2011 were prepared by independent consultants, Micon International Co Inc., and were prepared using CIM definitions for mineral resources as required by NI 43-101.
"We are pleased to receive this Investigation Permit from the Government of Galicia, as it allows GoldQuest to create critical mass in the region and further enhance the company base metal portfolio in Spain," commented Julio Espaillat, the President and CEO.
The concession location can be seen on a map on the Company's website at www.goldquestcorp.com. GoldQuest's compilation of the unproven and unverified historical data of investigations completed by EXMINESA between 1985 and 1990, indicated that mineralization at Lago is similar to the Company's Toral property. The mineralized horizons at Lago are hosted by detritic volcano sedimentary units of Paleozoic age, folded by a syncline structure, which is disrupted by vertical faulting sub parallel to the regional deformation. Estimate mineralization reported by EXMINESA can be traced by approximately 1,375 meters parallel to the axe of the syncline. The results reported by EXMINESA range from 3.0 meters of 1.88% combined Pb and Zn to 9.5 meters of 9.54% combined Pb and Zn and 7.50 meters of 14.75% combined Pb and Zn. All such potential is conceptual in nature, to date there has been insufficient exploration to define a mineral resource, and at this time, it is uncertain if further exploration will result in the target being delineated as a mineral resource.
GoldQuest will initiate a comprehensive detailed mapping, geochemical sampling and ground geophysical program to define both infill drilling and new targets that may warrant drilling in the vicinity of the known hydrothermal lead and zinc mineralization that remains open along the strike and at depth. Proposed investigations will better define the mineral potential of the property and the regional trend of the mineralized horizons.
On behalf of the Board of Directors,
Julio Espaillat, President & Chief Executive Officer
About GoldQuest
GoldQuest is a Vancouver based mineral exploration company with projects in Spain and the Dominican Republic, traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W, with 103,508,601 shares outstanding. The recent trading range has been C$0.19 to C$0.40.
The qualified person for the technical information in this press release for the purposes of National Instrument 43-101, is Mr. William Fisher, P. Geo. Mr. Fisher is a Director of GoldQuest. "
http://finance.yahoo.com/news/GoldQuest-Announces-Granting-c…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC - News; FRANKFURT:M1W - News; "GoldQuest" or the "Company") is pleased to announce the granting of the Lago Investigation Permit (exploration concession) in the eastern part of Galicia, Spain to GoldQuest Iberica, a wholly-owned subsidiary of the Company. The Lago property is the first permit granted of three highly prospective applications by GoldQuest Iberica to the Autonomous Government of Galicia. An interest in the Lago property was first acquired by the Company pursuant to an acquisition agreement dated November 30, 2009 and as disclosed by the Company in a press release dated January 15, 2009.
The Lago permit is located approximately 54 kilometers to the Northeast of the Lead, Zinc and Silver sedimentary hosted mineralization on GoldQuest's Toral property, where the Company, in a press release dated March 2, 2011, reported a National Instrument 43-101 compliant mineral resource of:
+ An indicated mineral resource of 4.04 million tonnes grading 5.30% lead(Pb), 6.50% zinc (Zn), and 41 g/t silver (Ag), containing over 470 million pounds Pb, 577 million pounds Zn, and 5.3 million oz Ag.
+ An inferred mineral resource of 4.67 million tonnes grading 4.44% Pb, 5.40% Zn and 32.0 g/t Ag containing over 456 million pounds Pb, 555 million pounds Zn, and 4.8 million ounces Ag.
A cut-off grade of 7.0% of combined Pb and Zn was used to define the Toral mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The resource estimate and corresponding technical report dated April 14, 2011 were prepared by independent consultants, Micon International Co Inc., and were prepared using CIM definitions for mineral resources as required by NI 43-101.
"We are pleased to receive this Investigation Permit from the Government of Galicia, as it allows GoldQuest to create critical mass in the region and further enhance the company base metal portfolio in Spain," commented Julio Espaillat, the President and CEO.
The concession location can be seen on a map on the Company's website at www.goldquestcorp.com. GoldQuest's compilation of the unproven and unverified historical data of investigations completed by EXMINESA between 1985 and 1990, indicated that mineralization at Lago is similar to the Company's Toral property. The mineralized horizons at Lago are hosted by detritic volcano sedimentary units of Paleozoic age, folded by a syncline structure, which is disrupted by vertical faulting sub parallel to the regional deformation. Estimate mineralization reported by EXMINESA can be traced by approximately 1,375 meters parallel to the axe of the syncline. The results reported by EXMINESA range from 3.0 meters of 1.88% combined Pb and Zn to 9.5 meters of 9.54% combined Pb and Zn and 7.50 meters of 14.75% combined Pb and Zn. All such potential is conceptual in nature, to date there has been insufficient exploration to define a mineral resource, and at this time, it is uncertain if further exploration will result in the target being delineated as a mineral resource.
GoldQuest will initiate a comprehensive detailed mapping, geochemical sampling and ground geophysical program to define both infill drilling and new targets that may warrant drilling in the vicinity of the known hydrothermal lead and zinc mineralization that remains open along the strike and at depth. Proposed investigations will better define the mineral potential of the property and the regional trend of the mineralized horizons.
On behalf of the Board of Directors,
Julio Espaillat, President & Chief Executive Officer
About GoldQuest
GoldQuest is a Vancouver based mineral exploration company with projects in Spain and the Dominican Republic, traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W, with 103,508,601 shares outstanding. The recent trading range has been C$0.19 to C$0.40.
The qualified person for the technical information in this press release for the purposes of National Instrument 43-101, is Mr. William Fisher, P. Geo. Mr. Fisher is a Director of GoldQuest. "
GoldQuest Announces Results of the Annual Meeting of Shareholders - Jul 13, 2011
http://finance.yahoo.com/news/GoldQuest-Announces-Results-cc…
http://finance.yahoo.com/news/GoldQuest-Announces-Results-cc…
GoldQuest Announces the Granting of Loma Oculta Exploration Concession &Immediate Initiation of an Exploration Program - Jun 6, 2011
www.marketwire.com/press-release/goldquest-announces-grantin…
www.goldquestcorp.com/images/maps/LomaOcultaMap.jpg
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company") is pleased to announce the granting to GoldQuest of the Loma Oculta exploration concession in the central part of Dominican Republic. Loma Oculta, previously known as Las Animas, is the key property within the Jarabacoa – Las Animas massive sulphide District.
In a press release dated May 7, 2009, the following mineral resources were reported:
+ An 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.
+ 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 ounces Au, 0.6 million ounces Ag, 46 million pounds Cu and 55 million pounds Zn.
The concession locations can be seen on the map (www.goldquestcorp.com/images/maps/LomaOcultaMap.jpg). The technical report entitled "Mineral Resource Estimate for the Las Animas Project, Province of La Vega, Dominican Republic" dated May 4, 2009 describing the resource estimate was previously filed on SEDAR and is available for viewing under GoldQuest's issuer profile at www.sedar.com. The resource estimate was prepared by Dr Stewart D. Redwood, FIMMM, Consulting Geologist, who is the qualified person as defined by National Instrument 43-101. He has reviewed and approved the content of this news release.
GoldQuest will initiate a comprehensive detailed mapping, sampling and ground geophysical program to define infill drilling, identify new targets that may warrant drilling in the vicinity of the known massive sulphide that remains open at depth, and better define the regional trend of the mineralized horizon. In parallel, the Company will commission a metallurgical study to define recoveries from the gold and silver rich gossan and from the poly-metallic sulphide under the oxidized zone. The massive sulphide defined by GoldQuest is the second largest massive sulphide deposit found in the Dominican Republic
, is located in the same mineralized trend of Perilya Limited's Cerro de Maimon massive sulphide mine with its sulphide and oxide facilities.
"We are pleased to receive this concession from the Government of the Dominican Republic as it allows GoldQuest to further define one of its most promising targets," commented Julio Espaillat, the President and CEO. "Together with a preliminary assessment on the metallurgy, the additional exploration will further progress this project toward development stage."
About GoldQuest
GoldQuest is a Vancouver based mineral exploration company with projects in Spain and the Dominican Republic traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W, with 103,308,601 shares outstanding and 112,066,851 fully diluted basis. The recent trading range has been C$0.18 to C$0.40.
On behalf of the Board of Directors,
Julio Espaillat
President & Chief Executive Officer "
www.marketwire.com/press-release/goldquest-announces-grantin…
www.goldquestcorp.com/images/maps/LomaOcultaMap.jpg
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company") is pleased to announce the granting to GoldQuest of the Loma Oculta exploration concession in the central part of Dominican Republic. Loma Oculta, previously known as Las Animas, is the key property within the Jarabacoa – Las Animas massive sulphide District.
In a press release dated May 7, 2009, the following mineral resources were reported:
+ An 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.
+ 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 ounces Au, 0.6 million ounces Ag, 46 million pounds Cu and 55 million pounds Zn.
The concession locations can be seen on the map (www.goldquestcorp.com/images/maps/LomaOcultaMap.jpg). The technical report entitled "Mineral Resource Estimate for the Las Animas Project, Province of La Vega, Dominican Republic" dated May 4, 2009 describing the resource estimate was previously filed on SEDAR and is available for viewing under GoldQuest's issuer profile at www.sedar.com. The resource estimate was prepared by Dr Stewart D. Redwood, FIMMM, Consulting Geologist, who is the qualified person as defined by National Instrument 43-101. He has reviewed and approved the content of this news release.
GoldQuest will initiate a comprehensive detailed mapping, sampling and ground geophysical program to define infill drilling, identify new targets that may warrant drilling in the vicinity of the known massive sulphide that remains open at depth, and better define the regional trend of the mineralized horizon. In parallel, the Company will commission a metallurgical study to define recoveries from the gold and silver rich gossan and from the poly-metallic sulphide under the oxidized zone. The massive sulphide defined by GoldQuest is the second largest massive sulphide deposit found in the Dominican Republic
, is located in the same mineralized trend of Perilya Limited's Cerro de Maimon massive sulphide mine with its sulphide and oxide facilities. "We are pleased to receive this concession from the Government of the Dominican Republic as it allows GoldQuest to further define one of its most promising targets," commented Julio Espaillat, the President and CEO. "Together with a preliminary assessment on the metallurgy, the additional exploration will further progress this project toward development stage."
About GoldQuest
GoldQuest is a Vancouver based mineral exploration company with projects in Spain and the Dominican Republic traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W, with 103,308,601 shares outstanding and 112,066,851 fully diluted basis. The recent trading range has been C$0.18 to C$0.40.
On behalf of the Board of Directors,
Julio Espaillat
President & Chief Executive Officer "
Trading Spotlight
GoldQuest Schedules Annual Meeting of Shareholders &Announces Director Nominees - May 30, 2011
www.marketwire.com/press-release/goldquest-schedules-annual-…
www.marketwire.com/press-release/goldquest-schedules-annual-…
GoldQuest Drilling Intercepts 29.0 Metres Grading 2.18 g/t Gold @Hondo Valle, 1.6 Kilometres North of Escandalosa Sur(Amended) - May 16, 2011
www.marketwire.com/press-release/goldquest-drilling-intercep…
www.marketwire.com/press-release/goldquest-drilling-intercep…
etwa ein 1:1 Ratio, Treffer vs. nichts getroffen:
GoldQuest Drilling Intercepts 36.5 Meters Grading 2.74 g/t Gold @La Escandalosa, Dominican Republic; New Director Appointed - Apr 19, 2011
http://finance.yahoo.com/news/GoldQuest-Drilling-Intercepts-…
www.goldquestcorp.com/i/maps/LE_DrillHoles.jpg
GoldQuest Drilling Intercepts 36.5 Meters Grading 2.74 g/t Gold @La Escandalosa, Dominican Republic; New Director Appointed - Apr 19, 2011
http://finance.yahoo.com/news/GoldQuest-Drilling-Intercepts-…
www.goldquestcorp.com/i/maps/LE_DrillHoles.jpg
Zitat von Popeye82: zu Toral wird es scheinbar demnächst spannend -da sie die ganzen alten Peñarroya/Lundin Datensätze verfügbar haben, denken sie, dass es möglich sein wird durch Micon eine neue Resourcenkalkulation ohne jegliches weitere Bohrprogramm zu initiieren. (Leider)Ohne Zeitangabe, aber auf das Ergebnis bin ich gespannt
GoldQuest Announces Initial Resource Estimate for Toral Zinc-Lead-Silver Deposit, Spain - Mar 2, 2011
http://finance.yahoo.com/news/GoldQuest-Announces-Initial-iw…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/02/11) - GoldQuest Mining Corp. (TSX-V:GQC - News) ("GoldQuest" or the "Company")is pleased to announce a National Instrument 43-101 compliant resource estimate on its 100% owned Toral project in Spain.
The initial mineral resource estimate includes an indicated mineral resource of 4.04 million tonnes of 11.8% lead (Pb) + zinc (Zn) and an inferred mineral resource of 4.67 million tonnes of 9.8% Pb + Zn, representing a 15% increase over historical estimates. An economic cut-off grade of 7 % Pb + Zn was used to define the Toral mineral resources.
Mineral Resources for Toral Estimated by Micon as of February 2011
------------------------------------ -------------------------------------
Indicated Inferred
------------------------------------ -------------------------------------
Pb Zn Cu Ag Pb Zn Cu Ag
Mt (%) (%) (%) (g/t) (Pb+Zn)% Mt (%) (%) (%) (g/t) (Pb+Zn)%
------------------------------------ -------------------------------------
4.04 5.30 6.50 0.11 41 11.8 4.67 4.44 5.40 0.14 32 9.8
------------------------------------ -------------------------------------
------------------------------------ -------------------------------------
Indicated Inferred
------------------------------------ -------------------------------------
Pb Zn Cu Ag Pb+Zn Pb Zn Cu Ag Pb+Zn
(t) (t) (t) (t) (t) (t) (t) (t) (t) (t)
------------------------------------ -------------------------------------
214,416 262,562 4,285 165 476,978 207,316 252,348 6,447 149 459,664
------------------------------------ -------------------------------------
GoldQuest's Chairman, Bill Fisher, commented, "This initial resource estimate is a significant milestone at Toral and lends additional justification for the Company's continued presence in Spain. We are extremely encouraged with the results of the initial resource estimate prepared by Micon, which shows an increase of approximately 15% over previous historical lead and zinc tonnage estimates."
The NI 43-101 resource estimate was prepared by independent consultants, Micon International Co Inc., and was prepared using CIM definitions for mineral resources as required by NI 43-101. The three-dimensional geological model used was based mainly on the historical geological property database compiled by the previous owners of the Toral property, Penarroya Espana S.A and Empresa Nacional ADARO de Investigaciones Mineras, S.A, and which includes more than 40,000 metres of diamond drilling. In addition, the database includes the results of drilling carried out by Lundin Mining S.L in the period 2007 to 2008.
Pursuant to applicable regulatory requirements, the Company is required to file on SEDAR a NI 43-101 compliant technical report within 45 days from the date of this news release.
The "Qualified Person", as defined in NI 43-101, who prepared the mineral resource estimate disclosed in this press release, is Mr. S. C. Bartlett, P.Geo. Mr. Bartlett is Vice President and Director of Micon International Limited and is Managing Director of Micon's United Kingdom subsidiary, Micon International Co Limited. Bill Fisher, P.Geo., a Qualified Person, and a director of GoldQuest, reviewed the release for accuracy.
PDAC 2011 Core Shack
GoldQuest also announces that it has been selected to display samples from its high grade intersections from the La Escandalosa property (Dominican Republic) at the 2011 PDAC Core Shack (booth #5004B) on Tuesday, March 8 from 9:00 am to 5:00 pm, and Wednesday, March 9 from 9:00 am to 12 noon. The Core Shack will be held on Level 700, South Building of the Metro Toronto Convention Centre adjacent to the rooms where the technical sessions will take place and GoldQuest invites all shareholders to visit the Core Shack and meet the Company's new CEO, Julio Esplaillat along with the GoldQuest management team.
Stock Options Granted
The Company also announces that it has granted 1,000,000 incentive stock options with an exercise price of $0.42 per share to an officer of the Company. The options are being granted pursuant to the Company's stock option plan and will expire in five years. The options granted have a specific vesting schedule and vest within three years.
On behalf of the Board of Directors,
Bill Fisher
Chairman
About GoldQuest
GoldQuest is a Vancouver-based exploration company with projects in the Dominican Republic and Spain, and is traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W. "
GoldQuest Announces the Appointment of Julio Esplaillat as President & CEO - Feb 08, 2011
www.marketwire.com/press-release/GoldQuest-Announces-the-App…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC) ("the Company") is pleased to announce the appointment of Julio Espaillat as its President & Chief Executive Officer, effective March 1, 2011.
Mr. Espaillat has over 23 years of experience in the mining industry. For the past 11 years, Mr. Espaillat served as President and General Manager of Corporacion Minera Dominicana, a wholly-owned subsidiary of Globestar Mining Corporation. Prior to his appointment by GoldQuest, he was also Vice President of Exploration at GlobeStar, where he was part of the team responsible for all technical and financial administration of the company's properties in the Dominican Re public, including the acquisition, evaluation and development of the Cerro de Maimón massive sulphide deposit, where production commenced in October 2008.
Prior to GlobeStar, Mr. Espaillat spent 12 years at Falconbridge Limited in various roles in the Dominican Republic and Timmins, Ontario. Prior to leaving Falconbridge, he was Senior Geologist in charge of exploration activities in the Dominican Republic.
Mr. Espaillat received his degree in Mining Engineering from Pontificia Universidad Católica Madre y Maestra, Santiago, Dominican Republic, in 1978. In 1982 Mr. Espaillat completed a degree in Mining Geology (Economic Geology) Magna Cum Laude, at the University of Wales, Cardiff, UK. More recently he received a Master Degree in Financial Management from the Universidad Tecnológica del Cibao, La Vega, Dominican Republic in 1999, and a Post Graduate Degree in Environmental Economics, Universidad de Chile – Global Development in 2000.
He also served as a Professor of Geology at the Pontifica Universidad Catolica Madre y Maestra, Dominican Republic.
"We are extremely pleased to have someone of Julio's caliber and reputation joining us to lead the Company," said Anna Stylianides, Interim CEO. "He has been associated in several senior positions with two world-class producing mining companies. Working at GlobeStar with Bill Fisher, Julio was co-responsible for building the only currently operating mine in the Dominican Republic. His proven abilities and experience will help advance the Company through a period of rapid growth. He is ideally suited to lead our management team and work with our Board of Directors to optimize and expand the Company's resources to create value for our shareholders."
Bill Fisher, the Company's Executive Chairman, said "Julio Espaillat is assuming leadership of the GoldQuest team at a very important time in the Company's development. I am personally excited at the prospect of working with him again.
On behalf of the Board of Directors, I would like to welcome Julio into the Company, and also thank Anna Stylianides for her dedication and contributions during the last few months as Interim CEO. We look forward to her continuing input and support as a member of our Board."
About GoldQuest
GoldQuest is a Vancouver-based exploration company with projects in the Dominican Republic and Spain, and is traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W.
On behalf of the Board of Directors,
Anna Stylianides, CEO "
www.marketwire.com/press-release/GoldQuest-Announces-the-App…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC) ("the Company") is pleased to announce the appointment of Julio Espaillat as its President & Chief Executive Officer, effective March 1, 2011.
Mr. Espaillat has over 23 years of experience in the mining industry. For the past 11 years, Mr. Espaillat served as President and General Manager of Corporacion Minera Dominicana, a wholly-owned subsidiary of Globestar Mining Corporation. Prior to his appointment by GoldQuest, he was also Vice President of Exploration at GlobeStar, where he was part of the team responsible for all technical and financial administration of the company's properties in the Dominican Re public, including the acquisition, evaluation and development of the Cerro de Maimón massive sulphide deposit, where production commenced in October 2008.
Prior to GlobeStar, Mr. Espaillat spent 12 years at Falconbridge Limited in various roles in the Dominican Republic and Timmins, Ontario. Prior to leaving Falconbridge, he was Senior Geologist in charge of exploration activities in the Dominican Republic.
Mr. Espaillat received his degree in Mining Engineering from Pontificia Universidad Católica Madre y Maestra, Santiago, Dominican Republic, in 1978. In 1982 Mr. Espaillat completed a degree in Mining Geology (Economic Geology) Magna Cum Laude, at the University of Wales, Cardiff, UK. More recently he received a Master Degree in Financial Management from the Universidad Tecnológica del Cibao, La Vega, Dominican Republic in 1999, and a Post Graduate Degree in Environmental Economics, Universidad de Chile – Global Development in 2000.
He also served as a Professor of Geology at the Pontifica Universidad Catolica Madre y Maestra, Dominican Republic.
"We are extremely pleased to have someone of Julio's caliber and reputation joining us to lead the Company," said Anna Stylianides, Interim CEO. "He has been associated in several senior positions with two world-class producing mining companies. Working at GlobeStar with Bill Fisher, Julio was co-responsible for building the only currently operating mine in the Dominican Republic. His proven abilities and experience will help advance the Company through a period of rapid growth. He is ideally suited to lead our management team and work with our Board of Directors to optimize and expand the Company's resources to create value for our shareholders."
Bill Fisher, the Company's Executive Chairman, said "Julio Espaillat is assuming leadership of the GoldQuest team at a very important time in the Company's development. I am personally excited at the prospect of working with him again.
On behalf of the Board of Directors, I would like to welcome Julio into the Company, and also thank Anna Stylianides for her dedication and contributions during the last few months as Interim CEO. We look forward to her continuing input and support as a member of our Board."
About GoldQuest
GoldQuest is a Vancouver-based exploration company with projects in the Dominican Republic and Spain, and is traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W.
On behalf of the Board of Directors,
Anna Stylianides, CEO "
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