Goldquest: high grade - Gold, Silber und Kupfer (Seite 20)
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ISIN: CA38144C1005 · WKN: A0B7D8 · Symbol: GQC
0,1800
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Letzter Kurs 24.04.24 TSX Venture
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19.09.23 · globenewswire  |
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GoldQuest Appoints Bill Fisher as Chairman; Issues Stock Options - Jan 20, 2011
www.marketwire.com/press-release/GoldQuest-Appoints-Bill-Fis…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("the Company") is pleased to announce that William (Bill) Fisher, P.Geo., has accepted the appointment of the Board of Directors as its executive Chairman of the Board, effective immediately. Mr. Fisher joined the Board in June 2010 as a nonexecutive director of the Company.
Mr. Fisher is a professional geologist and has over 30 years experience as a geologist and mining company executive. From 2000 to 2008 he was the CEO of GlobeStar Mining, which during his tenure developed, financed and built the Dominican Republic's first copper mine at Cerro de Maimon. He also served as Chairman of Aurelian Resources, which was acquired by Kinross Gold Corp. for over US$1 billion in 2008. Mr. Fisher was previously Vice President, Exploration for the major base metal mining and smelting company, Boliden, where he was responsible for exploration programs in nine countries including Spain.
"I am pleased to reestablish my strong links and have another opportunity to work in the Dominican Republic, where GoldQuest is drilling a portfolio of first‐class exploration properties", commented Bill Fisher. "The Company is well‐managed, well‐financed and has the benefit of a strong, experienced board of directors. I look forward to further developing its strategic plan, designed to fast track opportunities available to the Company."
"The Company is very pleased to have appointed a person of Bill's caliber and achievement as its new Chairman, to guide it as it executes and expands on its strategic plan and strengthens its management team," added Anna Stylianides, GoldQuest's CEO. "His experience in the discovery, financing and development of mineral properties is outstanding, coupled with his long established relationships in both the Dominican Republic and Spain. Most importantly, Bill has an extraordinary record of building shareholder value."
Stock Options
The Company also announces that it has granted an aggregate of 300,000 incentive stock options with an exercise price of $0.36 per share to certain directors 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 to each recipient director have a specific vesting schedule and vest within two years.
On behalf of the Board of Directors,
Anna Stylianides, President & Chief Executive Officer
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release.
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release. "
www.marketwire.com/press-release/GoldQuest-Appoints-Bill-Fis…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2011) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("the Company") is pleased to announce that William (Bill) Fisher, P.Geo., has accepted the appointment of the Board of Directors as its executive Chairman of the Board, effective immediately. Mr. Fisher joined the Board in June 2010 as a nonexecutive director of the Company.
Mr. Fisher is a professional geologist and has over 30 years experience as a geologist and mining company executive. From 2000 to 2008 he was the CEO of GlobeStar Mining, which during his tenure developed, financed and built the Dominican Republic's first copper mine at Cerro de Maimon. He also served as Chairman of Aurelian Resources, which was acquired by Kinross Gold Corp. for over US$1 billion in 2008. Mr. Fisher was previously Vice President, Exploration for the major base metal mining and smelting company, Boliden, where he was responsible for exploration programs in nine countries including Spain.
"I am pleased to reestablish my strong links and have another opportunity to work in the Dominican Republic, where GoldQuest is drilling a portfolio of first‐class exploration properties", commented Bill Fisher. "The Company is well‐managed, well‐financed and has the benefit of a strong, experienced board of directors. I look forward to further developing its strategic plan, designed to fast track opportunities available to the Company."
"The Company is very pleased to have appointed a person of Bill's caliber and achievement as its new Chairman, to guide it as it executes and expands on its strategic plan and strengthens its management team," added Anna Stylianides, GoldQuest's CEO. "His experience in the discovery, financing and development of mineral properties is outstanding, coupled with his long established relationships in both the Dominican Republic and Spain. Most importantly, Bill has an extraordinary record of building shareholder value."
Stock Options
The Company also announces that it has granted an aggregate of 300,000 incentive stock options with an exercise price of $0.36 per share to certain directors 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 to each recipient director have a specific vesting schedule and vest within two years.
On behalf of the Board of Directors,
Anna Stylianides, President & Chief Executive Officer
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release.
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release. "
die $0.20-Warrantler(April ´10 PP) bekommen ´ne "Early Expiry Notice"(mind. 10Folgetage >$0.35/Aktie) zugestellt bekommen. Bringt, natürlich, einigen Druck auf die Aktie. Haben jetzt bis 24.01.11 die Wandlungsoption, schätze mal die sollte weitgehend wahrgenommen werden(würde gut 1.8Mio einspielen, >13% wurden to date wahrgenommen):
GoldQuest Provides Accelerated Expiry Notice to Warrant Holders - Dec 24, 2010
www.marketwire.com/press-release/GoldQuest-Provides-Accelera…
GoldQuest Provides Accelerated Expiry Notice to Warrant Holders - Dec 24, 2010
www.marketwire.com/press-release/GoldQuest-Provides-Accelera…
Antwort auf Beitrag Nr.: 40.733.402 von Popeye82 am 18.12.10 18:49:21
RundeII geht los(Umfang beträgt, roughly, das gleiche wie RundeI, vielleicht marginal mehr -je nachdem, ob man es an den BLern oder Bohrmetern misst). Nach aktuellem Stand, &verfügbaren Informationen, würde ich das weitere La Escandalosa Explorationspotenzial aber nicht so wahnsinnig hoch einschätzen:
GoldQuest Mobilizes Drill for Phase II Drilling @La Escandalosa in the Dominican Republic - Dec 20, 2010
www.marketwire.com/press-release/GoldQuest-Mobilizes-Drill-P…
www.goldquestcorp.com/s/LasTresPalmas.asp
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2010) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company") is pleased to announce the start of a Phase II drilling program at its 100% owned La Escandalosa project in the Dominican Republic. The Company has deployed a rig to the project and planned a program of approximately 30 to 40 holes totalling approximately 2,500 to 3,500 metres. The Phase II program is focused on upgrading the current NI 43-101 compliant resource estimate at La Escandalosa and to test potential extensions along strike to the north and south.
Anna Stylianides, GoldQuest's President and CEO, commented, "Now that all the necessary licenses and permits are in place, we are pleased to be in a position to start the next phase of drilling with the objective of upgrading and expanding on our recent resource estimate. We have had some excellent results from La Escandalosa and are confident that further drilling will continue to show strong mineralization and expand the resource Area. We expect a small number of holes to be completed in December and drilling activity to accelerate from the beginning of January. Assay results will be announced upon their receipt and analysis by the Company."
The present inferred mineral resource at La Escandalosa is 4,862,835 tonnes grading 2.596 g/t gold at a nominal cut-off of 0.3 g/t of gold containing 405,924 ounces of gold and has a strike length of about 600 metres (refer to news release dated November 16, 2010). To date, the number of holes drilled at La Escandalosa is 25 drill holes with a total length of 3,291 metres.
As previously reported, the Company believes that there is exploration potential for the discovery of additional mineralization in structural feeder zones or possibly related to porphyry copper-gold type mineralization. The La Escandalosa property contains stratiform gold mineralization with copper, silver and zinc of intermediate sulfidation epithermal style. Alteration and mineralization has been traced for 2,200 metres from Hondo Valle to La Hilguera.
A map of the location of the drill holes at La Escondalosa is available on the Company's website at www.goldquestcorp.com, under the heading "Las Tres Palmas", the former name of the La Escandalosa property.
On behalf of the Board of Directors,
Anna Stylianides, President & Chief Executive Officer
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release. "
RundeII geht los(Umfang beträgt, roughly, das gleiche wie RundeI, vielleicht marginal mehr -je nachdem, ob man es an den BLern oder Bohrmetern misst). Nach aktuellem Stand, &verfügbaren Informationen, würde ich das weitere La Escandalosa Explorationspotenzial aber nicht so wahnsinnig hoch einschätzen:
GoldQuest Mobilizes Drill for Phase II Drilling @La Escandalosa in the Dominican Republic - Dec 20, 2010
www.marketwire.com/press-release/GoldQuest-Mobilizes-Drill-P…
www.goldquestcorp.com/s/LasTresPalmas.asp
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2010) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company") is pleased to announce the start of a Phase II drilling program at its 100% owned La Escandalosa project in the Dominican Republic. The Company has deployed a rig to the project and planned a program of approximately 30 to 40 holes totalling approximately 2,500 to 3,500 metres. The Phase II program is focused on upgrading the current NI 43-101 compliant resource estimate at La Escandalosa and to test potential extensions along strike to the north and south.
Anna Stylianides, GoldQuest's President and CEO, commented, "Now that all the necessary licenses and permits are in place, we are pleased to be in a position to start the next phase of drilling with the objective of upgrading and expanding on our recent resource estimate. We have had some excellent results from La Escandalosa and are confident that further drilling will continue to show strong mineralization and expand the resource Area. We expect a small number of holes to be completed in December and drilling activity to accelerate from the beginning of January. Assay results will be announced upon their receipt and analysis by the Company."
The present inferred mineral resource at La Escandalosa is 4,862,835 tonnes grading 2.596 g/t gold at a nominal cut-off of 0.3 g/t of gold containing 405,924 ounces of gold and has a strike length of about 600 metres (refer to news release dated November 16, 2010). To date, the number of holes drilled at La Escandalosa is 25 drill holes with a total length of 3,291 metres.
As previously reported, the Company believes that there is exploration potential for the discovery of additional mineralization in structural feeder zones or possibly related to porphyry copper-gold type mineralization. The La Escandalosa property contains stratiform gold mineralization with copper, silver and zinc of intermediate sulfidation epithermal style. Alteration and mineralization has been traced for 2,200 metres from Hondo Valle to La Hilguera.
A map of the location of the drill holes at La Escondalosa is available on the Company's website at www.goldquestcorp.com, under the heading "Las Tres Palmas", the former name of the La Escandalosa property.
On behalf of the Board of Directors,
Anna Stylianides, President & Chief Executive Officer
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release. "
GoldQuest Announces An Initial Inferred Resource Of 0.4 Million Ounces Of Gold @La Escandalosa, In The Dominican Republic - Nov 16, 2010
www.goldquestcorp.com/i/pdf/NR-11-16-2010.pdf
"VANCOUVER, BC, November 16, 2010 - GoldQuest Mining Corp. ("GoldQuest or the "Company") is pleased to announce a NI 43-101 compliant resource on its 100% owned La Escandalosa project in the Dominican Republic. The initial inferred resource is 4,862,835 tonnes grading 2.596 g/t gold at a nominal cut-off of 0.3 g/t of gold containing 405,924 ounces of gold (refer to table below). The project is open both to the south and to the north towards another discovery of gold mineralization by the Company at Hondo Valle, approximately 1.2 kilometres north of La Escandalosa.
Inferred mineral resources for Escandalosa Sur
Cutoff grade Au(g/t) - Tonnes - Au(g/t) - Au(ounces) - Cu(%) - Cu(tonnes) - Zn(%) - Zn(tonnes) - Ag(g/t) - Ag(ounces)
0.3 4,862,835 2.596 405,924 0.156 7,583 0.209 10,179 2.34 366,456
The sub-horizontal deposit is approximately 600 metres along strike and 500 metres wide with the average thickness of 13.3 metres. The best drill holes were 26 metres of 11.4 g/t gold and 53 metres of 3 g/t gold (refer to the Company's news release dated July 6, 2010).
This month, the concession containing both La Escandalosa and Hondo Valle received a 3 year exploration permit extension, which may be further extended for another 2 years, and all requisite environmental approvals are now in place for drilling to proceed. The Company's board of directors has approved the immediate initiation of a comprehensive drill program both to upgrade the existing resource and to test potential extensions to the north and south.
GoldQuest's President and CEO, Anna Stylianides, commented, "GoldQuest is pleased with its success in the discovery of mineral resources in the Dominican Republic and the delivery of this gold resource to complement the NI 43-101 compliant polymetallic resource at Las Animas announced in 2009. It is a testament to the excellent technical expertise we have on the ground in the Dominican Republic."
The Company believes that there is exploration potential for the discovery of additional mineralization in structural feeder zones or possibly related to porphyry copper-gold type mineralization. The La Escandalosa property contains stratiform gold mineralization with copper, silver and zinc of intermediate sulfidation epithermal style. Alteration and mineralization has been traced for 2,200 metres from Hondo Valle to La Hilguera (a map of the drill holes location at La Escondalosa is available on the Company's website at www.goldquest.com, under the heading "Las Tres Palmas").
Pursuant to applicable regulatory requirements, the Company is to file on SEDAR a NI 43-101 compliant technical report (the "Technical Report") titled "NI 43-101 Technical Report and Mineral Resource Estimate for the Escandalosa Project, Province of San Juan, Dominican Republic", which is available on the Company's website at www.goldquestcorp.com.
The Technical Report containing the resource calculation was completed by Independent Qualified person, Dr. Stewart D. Redwood, FIMMM, Panama City, Panama. Sufficient drilling has been carried out from surface at the Escandalosa Sur zone to define the geology and geometry of the deposit, and to estimate an inferred mineral resource in accordance with CIM standards and definitions as required by NI 43-101. The mineral resource at Escandalosa Sur has a strike length of about 600 metres. Twenty-five holes have been drilled at Escandalosa Sur with a total length of 3,291 metres in three programs between 2006 and 2010. The deposit was modeled as a flat-lying body and the tonnage was estimated using a polygonal model. The average thickness of the mineralized horizon at a 0.3 g/t Au cut-off is 13.3 metres, with a minimum of 4.0 metres and a maximum of 29.0 metres. Gold and silver were cut at 15.0 grams per tonne and 30 grams per tonne, respectively. Copper grades were cut to 0.6%, and zinc to 1.20%.
Dr. Redwood was also responsible for sample QA/QC. Samples from the first two drill programs were prepared and analyzed by ALS Chemex in Vancouver, and those from the third drill program were prepared by Acme Analytical Laboratories Ltd in Maimon, Dominican Republic, and analyzed at their laboratories in Santiago and Vancouver. Gold was assayed by fire assay with atomic absorption spectrophotometer ("AAS"), inductively coupled plasma atomic emission spectrometer (ICP-ES), or gravimetric finish. Silver, copper and zinc were analyzed by ICP together with a suite of multi-elements, and over-limit samples were rerun by aqua regia digestion and AAS finish, or by multi-acid digestion and ICP-ES analysis. Blank, standard and duplicate samples were routinely inserted for quality assurance and quality control.
On behalf of the Board of Directors,
Anna Stylianides
President & Chief Executive Officer
For further information please contact:
Dan Maarsman
Investor Relations - Vancouver, Canada
Tel: +1-604-632-4333
investorrelations@goldquestcorp.com
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release. William Fisher P.Geo, a Qualified Person as defined by NI 43-101 and a director of the Company, reviewed the release for accuracy. "
www.goldquestcorp.com/i/pdf/NR-11-16-2010.pdf
"VANCOUVER, BC, November 16, 2010 - GoldQuest Mining Corp. ("GoldQuest or the "Company") is pleased to announce a NI 43-101 compliant resource on its 100% owned La Escandalosa project in the Dominican Republic. The initial inferred resource is 4,862,835 tonnes grading 2.596 g/t gold at a nominal cut-off of 0.3 g/t of gold containing 405,924 ounces of gold (refer to table below). The project is open both to the south and to the north towards another discovery of gold mineralization by the Company at Hondo Valle, approximately 1.2 kilometres north of La Escandalosa.
Inferred mineral resources for Escandalosa Sur
Cutoff grade Au(g/t) - Tonnes - Au(g/t) - Au(ounces) - Cu(%) - Cu(tonnes) - Zn(%) - Zn(tonnes) - Ag(g/t) - Ag(ounces)
0.3 4,862,835 2.596 405,924 0.156 7,583 0.209 10,179 2.34 366,456
The sub-horizontal deposit is approximately 600 metres along strike and 500 metres wide with the average thickness of 13.3 metres. The best drill holes were 26 metres of 11.4 g/t gold and 53 metres of 3 g/t gold (refer to the Company's news release dated July 6, 2010).
This month, the concession containing both La Escandalosa and Hondo Valle received a 3 year exploration permit extension, which may be further extended for another 2 years, and all requisite environmental approvals are now in place for drilling to proceed. The Company's board of directors has approved the immediate initiation of a comprehensive drill program both to upgrade the existing resource and to test potential extensions to the north and south.
GoldQuest's President and CEO, Anna Stylianides, commented, "GoldQuest is pleased with its success in the discovery of mineral resources in the Dominican Republic and the delivery of this gold resource to complement the NI 43-101 compliant polymetallic resource at Las Animas announced in 2009. It is a testament to the excellent technical expertise we have on the ground in the Dominican Republic."
The Company believes that there is exploration potential for the discovery of additional mineralization in structural feeder zones or possibly related to porphyry copper-gold type mineralization. The La Escandalosa property contains stratiform gold mineralization with copper, silver and zinc of intermediate sulfidation epithermal style. Alteration and mineralization has been traced for 2,200 metres from Hondo Valle to La Hilguera (a map of the drill holes location at La Escondalosa is available on the Company's website at www.goldquest.com, under the heading "Las Tres Palmas").
Pursuant to applicable regulatory requirements, the Company is to file on SEDAR a NI 43-101 compliant technical report (the "Technical Report") titled "NI 43-101 Technical Report and Mineral Resource Estimate for the Escandalosa Project, Province of San Juan, Dominican Republic", which is available on the Company's website at www.goldquestcorp.com.
The Technical Report containing the resource calculation was completed by Independent Qualified person, Dr. Stewart D. Redwood, FIMMM, Panama City, Panama. Sufficient drilling has been carried out from surface at the Escandalosa Sur zone to define the geology and geometry of the deposit, and to estimate an inferred mineral resource in accordance with CIM standards and definitions as required by NI 43-101. The mineral resource at Escandalosa Sur has a strike length of about 600 metres. Twenty-five holes have been drilled at Escandalosa Sur with a total length of 3,291 metres in three programs between 2006 and 2010. The deposit was modeled as a flat-lying body and the tonnage was estimated using a polygonal model. The average thickness of the mineralized horizon at a 0.3 g/t Au cut-off is 13.3 metres, with a minimum of 4.0 metres and a maximum of 29.0 metres. Gold and silver were cut at 15.0 grams per tonne and 30 grams per tonne, respectively. Copper grades were cut to 0.6%, and zinc to 1.20%.
Dr. Redwood was also responsible for sample QA/QC. Samples from the first two drill programs were prepared and analyzed by ALS Chemex in Vancouver, and those from the third drill program were prepared by Acme Analytical Laboratories Ltd in Maimon, Dominican Republic, and analyzed at their laboratories in Santiago and Vancouver. Gold was assayed by fire assay with atomic absorption spectrophotometer ("AAS"), inductively coupled plasma atomic emission spectrometer (ICP-ES), or gravimetric finish. Silver, copper and zinc were analyzed by ICP together with a suite of multi-elements, and over-limit samples were rerun by aqua regia digestion and AAS finish, or by multi-acid digestion and ICP-ES analysis. Blank, standard and duplicate samples were routinely inserted for quality assurance and quality control.
On behalf of the Board of Directors,
Anna Stylianides
President & Chief Executive Officer
For further information please contact:
Dan Maarsman
Investor Relations - Vancouver, Canada
Tel: +1-604-632-4333
investorrelations@goldquestcorp.com
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. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release. William Fisher P.Geo, a Qualified Person as defined by NI 43-101 and a director of the Company, reviewed the release for accuracy. "
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 Mining Corp.: Corporate Update and Appointment of New Chief Financial Officer - Sep 24, 2010
www.marketwire.com/press-release/GoldQuest-Mining-Corp-Corpo…
http://media3.marketwire.com/docs/gqc_0924_2010_figure_1.pdf
http://media3.marketwire.com/docs/gqc_0924_2010_figure_2.pdf
http://media3.marketwire.com/docs/gqc_0924_2010_figure_3.pdf
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2010) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company"), is pleased to present the following corporate update and announce the appointment of its new Chief Financial Officer.
Corporate Update
Dominican Republic
The Company holds exploration permits to 30 concessions in the Dominican Republic. These projects are grouped into the following districts:
+ San Juan District, including the El Barrero, Los Comios, Las Tres Palmas, Loma Viejo Pedro, Tocon de Pino and Jengibre concessions.
+ Las Animas District, including the Las Animas, El Toro, Santa Anna, El Tuerto, Roblito, Guazumita and La Ceniza concessions.
+ Pueblo Viejo District, including the Piedra Iman and Tierra Mala concessions.
+ Regional Exploration, including the El Salto, Joboban, Sueno, Los Mineros and Pino Mocho concessions.
Major Concessions
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/gqc_0924_2010_figure_1.pdf
San Juan District
Las Tres Palmas Project
GoldQuest has compiled all of its data from the Las Tres Palmas project and incorporated the findings generated as part of the former Gold Fields joint venture. The primary goal of the program has been to develop sufficient data for the generation of a National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") report, which report will include specific recommendations for additional drilling intended to further expand on the Company's existing resources. The NI 43-101 report is currently under preparation and will be released upon completion.
Significant results from recently reported drilling are summarized as follows:
Table of length-weighted average grades from the Las Tres Palmas drill program at a cut off of 0.1 g/t Au.
Drill Hole From (m) To (m) Interval (m) Au (g/t) Au (g/t) cut (20 g/t) Ag (g/t) Cu (%) Zn (%)
LTP-34 61.02 68.11 7.09 5.845 4.16 0.30 1.67
LTP-35 18.00 56.00 38.00 0.837 1.83 0.08 0.11
Inc. 28.00 36.00 8.00 3.123 2.46 0.33 0.18
LTP-38 282.00 318.00 36.00 0.121 3.12 0.02 0.10
LTP-39 66.00 92.00 26.00 11.385 7.093 2.26 0.28 0.04
Inc. 68.00 86.00 18.00 16.326 10.126 2.95 0.29 0.04
101.63 142.00 40.37 0.210 2.18 0.07 0.04
LTP-40 178.00 192.09 14.09 0.177 0.74 0.02 0.03
LTP-41 25.00 78.00 53.00 3.024 1.75 0.09 0.06
Inc. 36.00 52.00 16.00 9.389 2.05 0.18 0.11
LTP-42 35.23 58.00 22.77 1.330 2.86 0.10 0.37
Inc. 38.00 48.00 10.00 2.742 2.51 0.20 0.68
To view a map of the Las Tres Palmas drill hole locations, please visit the following link: http://media3.marketwire.com/docs/gqc_0924_2010_figure_2.pdf
Las Animas District
A program of further resource delineation drilling, designed to test additional geochem anomalies is anticipated for later this year. Further drilling will expand on the existing NI 43-101 indicated mineral resource of 1 million tonnes grading 2.95 g/t Au, 2.70% Cu, 3.36% Zn and 58.6 g/t Ag and an inferred mineral resource of 620,000 tonnes grading 1.66 g/t Au, 3.32% Cu, 3.99% Zn and 31.4 g/t Ag.
A graphic of the soil sampling program follows:
http://media3.marketwire.com/docs/gqc_0924_2010_figure_3.pdf
Jengibre Project
The Jengibre concession is roughly 30 Km's SE of the Las Tres Palmas project and has been previously tested with soil sampling, channel sampling and a drilling program that provided prospective results. Channel samples over 59.5 meters recorded an average grade of 1.58 grams per tonne gold and one drill hole intercepted 54 m grading 1.03 grams per tonne gold.
The Company has recently completed a +600, soil sample program designed to test the above referenced anomalies and to provide data for a planned drilling program to commence shortly after results from the soil sample program are thoroughly analyzed. The assay results are presently being reviewed by Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company.
Spain
Toral Project
The Company completed the acquisition of the former Lundin subsidiary, Lundin Mining and Exploration, S.L. ("Lundin SL") in January 2010. Lundin SL was recently renamed GoldQuest Iberica S.L. ("Iberica").
Iberica holds the exploration permit for the Toral Project, a highly prospective mineralized area in a mining and investment friendly region. The Toral Project has the potential to become a significant long-lived asset. The mineralization is contained within a steeply dipping, sheet-like structure that includes silver and coarse-grained zinc-lead sulphides.
The Toral Project area was originally investigated by Peñarroya-España and associates from 1975 to 1985 and included over 42,000 metres of diamond drilling. These drill holes reportedly delineated a zone of mineralization that is 1100 metres in length by about 3.7 metres wide and over 400 metres high. This block is a continuous, sub-vertical, tabular zone of coarse-grained lead-zinc-silver sulphide mineralization that is still open along strike and down dip.
GoldQuest has commissioned Micon International to perform an NI 43-101 resource calculation using data from the extensive prior work. Due to the availability of both drill core and assay data from the previous Peñarroya-España and Lundin drill programs, the Company believes no confirmation drilling will be required.
The Company has also commissioned a small, confirmation soil sampling program that is currently underway with expected completion by the end of October.
The Toral Project permit was recently renewed for a further three year period.
Lago Project
In addition to the acquisition of the Toral Project and as part of the same transaction, GoldQuest acquired a second polymetallic project also located in northwest Spain. Further details of this second project will be announced after full title has been received from the Spanish authorities.
The Company continues to prioritize, critically review and explore its portfolio of gold, copper, and lead/zinc targets located both in the Dominican Republic and in Spain as well as to seek suitable other targets in the areas where the Company is already operating.
Appointment of New Chief Financial Officer
Mr. Paul Robertson of Quantum Advisory Partners, LLP, an accounting firm that specializes in CFO services, has been appointed to succeed Mr. Ford Cannon.
Mr. Robertson has over sixteen years of accounting, auditing, and tax experience including working with Ernst & Young from 1999 to 2005. Currently, he is the managing partner of Quantum Advisory Partners LLP, a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements. Mr. Robertson is currently also the Chief Financial Officer of Grayd Resource Corp., Christopher James Gold Corp, and Slater Mining Corp. and a director of Russell Breweries Inc. Mr. Robertson holds a BA from the University of Western Ontario (1993) and obtained his Chartered Accountant designation from the British Colombian Institute of Chartered Accountants (1997).
Mr. Robertson has been granted 300,000 stock options in connection with his appointment as CFO. The stock options have a term of five years, vest after one year and are exercisable into common shares of the Company at an exercise price of $0.15 per common share.
Anna Stylianides, Interim President and CEO commented, "We would like to extend our sincere thanks to Mr. Cannon for his long term tenure and contributions to GoldQuest and wish Mr. Cannon all the very best in his future endeavors.
"We are very pleased to announce the appointment of Mr. Paul Robertson as CFO and to welcome the Quantum Advisory Partners Group to Goldquest's management team. The very extensive technical and operational experience in the mining industry of the Company's new Board of Directors and the expertise of the Quantum Advisory Group position the Company extremely well to continue its growth and significantly expand its assets."
Mr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information in this news release. For a full discussion of the Company's sampling, analysis, quality assurance, quality control, and other technical disclosure, please see the Company's NI 43-101 technical report dated May 4, 2009 on SEDAR.
On behalf of the Board of Directors,
Anna Stylianides, Interim President &Chief Executive Officer "
GoldQuest Mining Corp.: Corporate Update and Appointment of New Chief Financial Officer - Sep 24, 2010
www.marketwire.com/press-release/GoldQuest-Mining-Corp-Corpo…
http://media3.marketwire.com/docs/gqc_0924_2010_figure_1.pdf
http://media3.marketwire.com/docs/gqc_0924_2010_figure_2.pdf
http://media3.marketwire.com/docs/gqc_0924_2010_figure_3.pdf
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2010) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company"), is pleased to present the following corporate update and announce the appointment of its new Chief Financial Officer.
Corporate Update
Dominican Republic
The Company holds exploration permits to 30 concessions in the Dominican Republic. These projects are grouped into the following districts:
+ San Juan District, including the El Barrero, Los Comios, Las Tres Palmas, Loma Viejo Pedro, Tocon de Pino and Jengibre concessions.
+ Las Animas District, including the Las Animas, El Toro, Santa Anna, El Tuerto, Roblito, Guazumita and La Ceniza concessions.
+ Pueblo Viejo District, including the Piedra Iman and Tierra Mala concessions.
+ Regional Exploration, including the El Salto, Joboban, Sueno, Los Mineros and Pino Mocho concessions.
Major Concessions
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/gqc_0924_2010_figure_1.pdf
San Juan District
Las Tres Palmas Project
GoldQuest has compiled all of its data from the Las Tres Palmas project and incorporated the findings generated as part of the former Gold Fields joint venture. The primary goal of the program has been to develop sufficient data for the generation of a National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") report, which report will include specific recommendations for additional drilling intended to further expand on the Company's existing resources. The NI 43-101 report is currently under preparation and will be released upon completion.
Significant results from recently reported drilling are summarized as follows:
Table of length-weighted average grades from the Las Tres Palmas drill program at a cut off of 0.1 g/t Au.
Drill Hole From (m) To (m) Interval (m) Au (g/t) Au (g/t) cut (20 g/t) Ag (g/t) Cu (%) Zn (%)
LTP-34 61.02 68.11 7.09 5.845 4.16 0.30 1.67
LTP-35 18.00 56.00 38.00 0.837 1.83 0.08 0.11
Inc. 28.00 36.00 8.00 3.123 2.46 0.33 0.18
LTP-38 282.00 318.00 36.00 0.121 3.12 0.02 0.10
LTP-39 66.00 92.00 26.00 11.385 7.093 2.26 0.28 0.04
Inc. 68.00 86.00 18.00 16.326 10.126 2.95 0.29 0.04
101.63 142.00 40.37 0.210 2.18 0.07 0.04
LTP-40 178.00 192.09 14.09 0.177 0.74 0.02 0.03
LTP-41 25.00 78.00 53.00 3.024 1.75 0.09 0.06
Inc. 36.00 52.00 16.00 9.389 2.05 0.18 0.11
LTP-42 35.23 58.00 22.77 1.330 2.86 0.10 0.37
Inc. 38.00 48.00 10.00 2.742 2.51 0.20 0.68
To view a map of the Las Tres Palmas drill hole locations, please visit the following link: http://media3.marketwire.com/docs/gqc_0924_2010_figure_2.pdf
Las Animas District
A program of further resource delineation drilling, designed to test additional geochem anomalies is anticipated for later this year. Further drilling will expand on the existing NI 43-101 indicated mineral resource of 1 million tonnes grading 2.95 g/t Au, 2.70% Cu, 3.36% Zn and 58.6 g/t Ag and an inferred mineral resource of 620,000 tonnes grading 1.66 g/t Au, 3.32% Cu, 3.99% Zn and 31.4 g/t Ag.
A graphic of the soil sampling program follows:
http://media3.marketwire.com/docs/gqc_0924_2010_figure_3.pdf
Jengibre Project
The Jengibre concession is roughly 30 Km's SE of the Las Tres Palmas project and has been previously tested with soil sampling, channel sampling and a drilling program that provided prospective results. Channel samples over 59.5 meters recorded an average grade of 1.58 grams per tonne gold and one drill hole intercepted 54 m grading 1.03 grams per tonne gold.
The Company has recently completed a +600, soil sample program designed to test the above referenced anomalies and to provide data for a planned drilling program to commence shortly after results from the soil sample program are thoroughly analyzed. The assay results are presently being reviewed by Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company.
Spain
Toral Project
The Company completed the acquisition of the former Lundin subsidiary, Lundin Mining and Exploration, S.L. ("Lundin SL") in January 2010. Lundin SL was recently renamed GoldQuest Iberica S.L. ("Iberica").
Iberica holds the exploration permit for the Toral Project, a highly prospective mineralized area in a mining and investment friendly region. The Toral Project has the potential to become a significant long-lived asset. The mineralization is contained within a steeply dipping, sheet-like structure that includes silver and coarse-grained zinc-lead sulphides.
The Toral Project area was originally investigated by Peñarroya-España and associates from 1975 to 1985 and included over 42,000 metres of diamond drilling. These drill holes reportedly delineated a zone of mineralization that is 1100 metres in length by about 3.7 metres wide and over 400 metres high. This block is a continuous, sub-vertical, tabular zone of coarse-grained lead-zinc-silver sulphide mineralization that is still open along strike and down dip.
GoldQuest has commissioned Micon International to perform an NI 43-101 resource calculation using data from the extensive prior work. Due to the availability of both drill core and assay data from the previous Peñarroya-España and Lundin drill programs, the Company believes no confirmation drilling will be required.
The Company has also commissioned a small, confirmation soil sampling program that is currently underway with expected completion by the end of October.
The Toral Project permit was recently renewed for a further three year period.
Lago Project
In addition to the acquisition of the Toral Project and as part of the same transaction, GoldQuest acquired a second polymetallic project also located in northwest Spain. Further details of this second project will be announced after full title has been received from the Spanish authorities.
The Company continues to prioritize, critically review and explore its portfolio of gold, copper, and lead/zinc targets located both in the Dominican Republic and in Spain as well as to seek suitable other targets in the areas where the Company is already operating.
Appointment of New Chief Financial Officer
Mr. Paul Robertson of Quantum Advisory Partners, LLP, an accounting firm that specializes in CFO services, has been appointed to succeed Mr. Ford Cannon.
Mr. Robertson has over sixteen years of accounting, auditing, and tax experience including working with Ernst & Young from 1999 to 2005. Currently, he is the managing partner of Quantum Advisory Partners LLP, a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements. Mr. Robertson is currently also the Chief Financial Officer of Grayd Resource Corp., Christopher James Gold Corp, and Slater Mining Corp. and a director of Russell Breweries Inc. Mr. Robertson holds a BA from the University of Western Ontario (1993) and obtained his Chartered Accountant designation from the British Colombian Institute of Chartered Accountants (1997).
Mr. Robertson has been granted 300,000 stock options in connection with his appointment as CFO. The stock options have a term of five years, vest after one year and are exercisable into common shares of the Company at an exercise price of $0.15 per common share.
Anna Stylianides, Interim President and CEO commented, "We would like to extend our sincere thanks to Mr. Cannon for his long term tenure and contributions to GoldQuest and wish Mr. Cannon all the very best in his future endeavors.
"We are very pleased to announce the appointment of Mr. Paul Robertson as CFO and to welcome the Quantum Advisory Partners Group to Goldquest's management team. The very extensive technical and operational experience in the mining industry of the Company's new Board of Directors and the expertise of the Quantum Advisory Group position the Company extremely well to continue its growth and significantly expand its assets."
Mr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information in this news release. For a full discussion of the Company's sampling, analysis, quality assurance, quality control, and other technical disclosure, please see the Company's NI 43-101 technical report dated May 4, 2009 on SEDAR.
On behalf of the Board of Directors,
Anna Stylianides, Interim President &Chief Executive Officer "
Trading Spotlight
GoldQuest Drilling Intercepts 26 Metres Grading 11.4 g/t Gold And 53 Metres Grading 3.0 g/t Gold at Las Tres Palmas - Jul 06, 2010
www.marketwire.com/press-release/GoldQuest-Drilling-Intercep…
www.marketwire.com/press-release/GoldQuest-Drilling-Intercep…
GoldQuest Appoints William Fisher to Its Board of Directors - Jul 5, 2010
www.marketwire.com/press-release/GoldQuest-Appoints-William-…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2010) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company") is pleased to announce that William Fisher has been appointed to its Board of Directors.
Following the Annual General Meeting the Company completed its realignment of the board, a process which began in the period leading up to the AGM. At the AGM, incumbent directors Roger Davey, Anthony Warrender, Anna Stylianides and Neil MacDonald were re-elected to the board, together with new director Stephen Orr. Following the AGM, Mr. MacDonald tendered his resignation as Chairman and director of the Company and Mr. Bill Fisher was appointed to the board to fill the vacancy created by Mr. MacDonald's resignation.
Bill Fisher graduated as a geologist in 1979 and has extensive industry experience which has included a number of residential posts in Africa, Australia, Europe and Canada in both exploration and mining positions. Under his leadership, Karmin Exploration discovered the Aripuanã base metal massive sulphide deposits in Brazil. From 1997 to 2001 Bill was Vice President, Exploration for Boliden AB, a major European mining and smelting company where he was responsible for thirty five projects in nine countries. From 2001 to 2008 Bill led GlobeStar Mining Corp. from an exploration company to an emerging base metal producer in the Dominican Republic which developed and operates the Cerro de Maimon mine. Bill was also Chairman of Aurelian Resources which was acquired by Kinross in 2008 for $1.2 Billion after the discovery of the Fruta del Norte gold deposit in Ecuador. Bill currently serves as an independent director of PC Gold (TSX: PKL), RX exploration (RXE.CNQ) and Treasury Metals (TSX: TML).
Alistair Waddell, the President & CEO, commented, "We are delighted to welcome Bill to the board and we are looking forward to working with him to advance the Company's projects in the Dominican Republic and Spain. Bill has tremendous experience in the Dominican Republic and Europe which will be very beneficial for GoldQuest going forward. We are extremely grateful for Neil MacDonald's past contributions to the Company as Chairman and Director and wish him well with his other business endeavours. The composition of the board provides the Company with a broad range of corporate experience and technical and operational expertise in the mining industry."
The Board of Directors now comprises of Roger Davey, William Fisher, Steven Orr, Anna Stylianides and Anthony Warrender.
The Company would also like to announce that on July 15, 2010 Anna Stylianides will be appointed as interim President & CEO while a replacement is found for Alistair Waddell following his previously announced resignation (Press Release of June 2, 2010). Anna Stylianides commented, "We would like to thank Alistair for his contribution and service to GoldQuest as CEO and Director and we wish him well in his future career."
About GoldQuest
GoldQuest is a Vancouver based company with a portfolio of 100% owned exploration projects in the Dominican Republic and Spain. GoldQuest 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,
Alistair H. Waddell, President & Chief Executive Officer "
www.marketwire.com/press-release/GoldQuest-Appoints-William-…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2010) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) ("GoldQuest" or the "Company") is pleased to announce that William Fisher has been appointed to its Board of Directors.
Following the Annual General Meeting the Company completed its realignment of the board, a process which began in the period leading up to the AGM. At the AGM, incumbent directors Roger Davey, Anthony Warrender, Anna Stylianides and Neil MacDonald were re-elected to the board, together with new director Stephen Orr. Following the AGM, Mr. MacDonald tendered his resignation as Chairman and director of the Company and Mr. Bill Fisher was appointed to the board to fill the vacancy created by Mr. MacDonald's resignation.
Bill Fisher graduated as a geologist in 1979 and has extensive industry experience which has included a number of residential posts in Africa, Australia, Europe and Canada in both exploration and mining positions. Under his leadership, Karmin Exploration discovered the Aripuanã base metal massive sulphide deposits in Brazil. From 1997 to 2001 Bill was Vice President, Exploration for Boliden AB, a major European mining and smelting company where he was responsible for thirty five projects in nine countries. From 2001 to 2008 Bill led GlobeStar Mining Corp. from an exploration company to an emerging base metal producer in the Dominican Republic which developed and operates the Cerro de Maimon mine. Bill was also Chairman of Aurelian Resources which was acquired by Kinross in 2008 for $1.2 Billion after the discovery of the Fruta del Norte gold deposit in Ecuador. Bill currently serves as an independent director of PC Gold (TSX: PKL), RX exploration (RXE.CNQ) and Treasury Metals (TSX: TML).
Alistair Waddell, the President & CEO, commented, "We are delighted to welcome Bill to the board and we are looking forward to working with him to advance the Company's projects in the Dominican Republic and Spain. Bill has tremendous experience in the Dominican Republic and Europe which will be very beneficial for GoldQuest going forward. We are extremely grateful for Neil MacDonald's past contributions to the Company as Chairman and Director and wish him well with his other business endeavours. The composition of the board provides the Company with a broad range of corporate experience and technical and operational expertise in the mining industry."
The Board of Directors now comprises of Roger Davey, William Fisher, Steven Orr, Anna Stylianides and Anthony Warrender.
The Company would also like to announce that on July 15, 2010 Anna Stylianides will be appointed as interim President & CEO while a replacement is found for Alistair Waddell following his previously announced resignation (Press Release of June 2, 2010). Anna Stylianides commented, "We would like to thank Alistair for his contribution and service to GoldQuest as CEO and Director and we wish him well in his future career."
About GoldQuest
GoldQuest is a Vancouver based company with a portfolio of 100% owned exploration projects in the Dominican Republic and Spain. GoldQuest 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,
Alistair H. Waddell, President & Chief Executive Officer "
GoldQuest Mining Announces Cdn$2.6 Million Brokered and Non-Brokered Financings - Feb 23, 2010
www.marketwire.com/press-release/GoldQuest-Mining-Announces-…
"GoldQuest Mining Corp. ("GoldQuest" or the "Company") (TSX VENTURE:GQC)(FRANKFURT:M1W) is pleased to announce that it has engaged Haywood Securities Inc. ("Haywood") as the sole agent to lead a private placement financing on a best efforts agency basis of up to 12,000,000 units of the Company (the "Units") at a price per Unit of Cdn$0.125 (the "Issue Price") for gross proceeds to the Company of up to Cdn$1,500,000 (the "Brokered Offering"). Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one half of one common share purchase warrant (each whole purchase warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share for a period of two years following the closing of the Brokered Offering at an exercise price of Cdn$0.20. The Company will have the right to call the outstanding Warrants for expiry upon 30 days notice in the event that the closing price of the common shares of the Company on the TSXV is above Cdn$0.35 for 10 consecutive trading days. The Company has granted to Haywood an option (the "Over-Allotment Option"), exercisable in whole or in part at any time up to the closing of the Brokered Offering, to offer for sale up to an additional 3,200,000 Units at the Issue Price for additional gross proceeds to the Company of up to Cdn$400,000.
In addition to the Brokered Offering, the Company will complete a concurrent non-brokered private placement (the "Non-Brokered Offering") of up to 8,800,000 Units at the Issue Price for gross proceeds to the Company of up to $1,100,000. If the Brokered Offering and the Non-Brokered Offering are subscribed for in full ($2,600,000 gross proceeds), and the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be $3,000,000.
The Company intends to use the net proceeds from the sale of the Units to execute a detailed strategic exploration plan developed for both Spain and the Dominican Republic, for working capital and general corporate purposes.
In Spain the strategic plan includes the compilation of the historical Toral project and regional data and the exploration of the district and Toral project along strike. In the Dominican Republic the Company intends to fast-track several gold-copper targets to drill stage including the Las Tres Palmas epithermal gold project, formally part of the Gold Fields funded joint venture. The GoldQuest portfolio of projects in the Dominican Republic and Spain are 100% owned by the Company.
Haywood will receive a cash commission equal to 7% of the gross proceeds raised in the Brokered Offering and compensation options (the "Compensation Options") entitling Haywood to purchase such number of Common Shares as is equal to 10.0% of the aggregate number of Units sold pursuant to the Brokered Offering, at an exercise price equal to the Issue Price, for a period of 24 months following the closing date.
Closing of each of the Brokered Offering and the Non-Brokered Offering is expected to occur on or before March 12, 2010 and March 31, 2010, respectively, and is subject to certain conditions, including but not limited to, the approval of the TSX Venture Exchange and the approval of the applicable securities regulatory authorities.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
The securities issued in connection with each of the Brokered Offering and the Non-Brokered Offering are subject to a four month hold period from the date of issue.
The securities being offered hereby have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or province in which such offer, solicitation or sale would be unlawful.
About GoldQuest
GoldQuest is a Vancouver based Exploration company with projects in the Dominican Republic and Spain. Through a combination of regional grass-roots generative exploration and new geological models the Company has built a portfolio of new projects. Mr. Alistair H. Waddell, an employee, President and Chief Executive Officer of GoldQuest is the qualified person as defined by National Instrument 43-101 who has supervised the preparation of the information used in this news release. GoldQuest is traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W. "
www.marketwire.com/press-release/GoldQuest-Mining-Announces-…
"GoldQuest Mining Corp. ("GoldQuest" or the "Company") (TSX VENTURE:GQC)(FRANKFURT:M1W) is pleased to announce that it has engaged Haywood Securities Inc. ("Haywood") as the sole agent to lead a private placement financing on a best efforts agency basis of up to 12,000,000 units of the Company (the "Units") at a price per Unit of Cdn$0.125 (the "Issue Price") for gross proceeds to the Company of up to Cdn$1,500,000 (the "Brokered Offering"). Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one half of one common share purchase warrant (each whole purchase warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share for a period of two years following the closing of the Brokered Offering at an exercise price of Cdn$0.20. The Company will have the right to call the outstanding Warrants for expiry upon 30 days notice in the event that the closing price of the common shares of the Company on the TSXV is above Cdn$0.35 for 10 consecutive trading days. The Company has granted to Haywood an option (the "Over-Allotment Option"), exercisable in whole or in part at any time up to the closing of the Brokered Offering, to offer for sale up to an additional 3,200,000 Units at the Issue Price for additional gross proceeds to the Company of up to Cdn$400,000.
In addition to the Brokered Offering, the Company will complete a concurrent non-brokered private placement (the "Non-Brokered Offering") of up to 8,800,000 Units at the Issue Price for gross proceeds to the Company of up to $1,100,000. If the Brokered Offering and the Non-Brokered Offering are subscribed for in full ($2,600,000 gross proceeds), and the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be $3,000,000.
The Company intends to use the net proceeds from the sale of the Units to execute a detailed strategic exploration plan developed for both Spain and the Dominican Republic, for working capital and general corporate purposes.
In Spain the strategic plan includes the compilation of the historical Toral project and regional data and the exploration of the district and Toral project along strike. In the Dominican Republic the Company intends to fast-track several gold-copper targets to drill stage including the Las Tres Palmas epithermal gold project, formally part of the Gold Fields funded joint venture. The GoldQuest portfolio of projects in the Dominican Republic and Spain are 100% owned by the Company.
Haywood will receive a cash commission equal to 7% of the gross proceeds raised in the Brokered Offering and compensation options (the "Compensation Options") entitling Haywood to purchase such number of Common Shares as is equal to 10.0% of the aggregate number of Units sold pursuant to the Brokered Offering, at an exercise price equal to the Issue Price, for a period of 24 months following the closing date.
Closing of each of the Brokered Offering and the Non-Brokered Offering is expected to occur on or before March 12, 2010 and March 31, 2010, respectively, and is subject to certain conditions, including but not limited to, the approval of the TSX Venture Exchange and the approval of the applicable securities regulatory authorities.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
The securities issued in connection with each of the Brokered Offering and the Non-Brokered Offering are subject to a four month hold period from the date of issue.
The securities being offered hereby have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or province in which such offer, solicitation or sale would be unlawful.
About GoldQuest
GoldQuest is a Vancouver based Exploration company with projects in the Dominican Republic and Spain. Through a combination of regional grass-roots generative exploration and new geological models the Company has built a portfolio of new projects. Mr. Alistair H. Waddell, an employee, President and Chief Executive Officer of GoldQuest is the qualified person as defined by National Instrument 43-101 who has supervised the preparation of the information used in this news release. GoldQuest is traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W. "
Antwort auf Beitrag Nr.: 37.756.886 von Popeye82 am 11.08.09 19:01:06
und da ist sie(endlich ausgeführt) -leider hat Lundin noch eine back-in Option, bis max. knapp 2/3(+es läuft noch eine gerichtliche Sache, bei der man eigentlich von einem positiven Ausgang ausgeht, weswegen das aber noch nicht 100%ig wasserdicht ist)...
GoldQuest Announces Closing of Acquisition of Spanish Lead-Zinc-Silver Project - Jan 15, 2010
www.marketwire.com/press-release/GoldQuest-Announces-Closing…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2009) – GoldQuest Mining Corp. ("GoldQuest") (TSX VENTURE:GQC)(FRANKFURT:M1W) is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of Lundin Mining Exploration S.L. ("Lundin SL") from Lundin Mining Corporation ("Lundin"), as previously described in a news release issued March 30, 2009, on amended terms.
Through its acquisition of Lundin SL, GoldQuest has acquired:
+ A 100% interest in the Toral project, located in northwest Spain, which has a historical resource estimate of 5.4 million tonnes grading 9% zinc, 6% lead and 45 grams per tonne (g/t) silver (not calculated in accordance with National Instrument 43-101);
+ A 100% interest in a second polymetallic project currently under application; and
+ Access to a large exploration database covering northwest Spain - a region with excellent potential for various styles of both precious and base-metal mineralization.
Summary of the Agreement
GoldQuest will not pay any upfront consideration for the assets but will compensate Lundin Mining AB with a one-time payment of CDN$5 million dollars payable upon commencement of commercial production from the Toral property. The five million shares of GoldQuest referenced in the March 30, 2009 news release are no longer issuable under the terms of the amended agreement. The agreement includes a royalty to Lundin of 1.5 percent on the net smelter return from the Toral project and a one-time "back-in" right under which Lundin may reacquire a 51% interest in the Toral project, as described below. In the event Lundin exercises its "back-in" right, the $5 million purchase price and the net smelter return royalty will not be payable.
Under the agreement, Lundin may exercise its one-time "back-in" right to reacquire a 51% interest in the Toral project after the following events have occurred: i) delineation of an inferred resource on the Toral Property of greater than one million tonnes of contained lead and zinc, and ii) completion of not less than 5,000 metres of drilling on the Toral property. To exercise the "back-in" right, Lundin must pay to GoldQuest (or have spent on the project) an amount equal to 2.5 times the total expenditures made by GoldQuest on the project. Following payment or expenditure in full by Lundin, a joint venture will be formed pursuant to which Lundin will hold a 51% interest and GoldQuest will hold a 49% interest in the Toral project. Lundin will then have the right to increase its interest in the joint venture from 51% to 65% by advancing the project and completing a full feasibility study for the Toral property.
Toral Project
GoldQuest, through its wholly owned subsidiary Lundin SL, has been granted an exclusive Investigation Permit for the Toral Project by the Territorial Service of Industry, Commerce and Tourism of the Autonomous Community of Castile and León in Spain. The 2,850 hectare 100% owned property is located approximately 400 km northwest of Madrid, near the regional city of Ponferrada. The Toral Project area was originally investigated by Peñarroya-España and associates from 1975 to 1985 which included over 42,000 metres of diamond drilling. These drill holes reportedly delineated a tabular zone of continuous, sub-vertical, coarse-grained lead-zinc-silver sulphide mineralization that averages 3.7 metres wide with a reported 1,100 metres strike length and a vertical height exceeding 400 metres. With the majority of historical drilling completed in one relatively small part of the property, GoldQuest believes that the Toral Project has significant exploration and development upside.
Based on the previous drilling, the historical estimate of Toral was estimated at 5.4 million tonnes grading 9% Zn, 6% Pb and 45 g/t Ag. This historical estimate, dated June 1997, was calculated by Spanish Mining Engineer Dr. Rufino Gea Javaloy on behalf of Geominera S.A. and Peñarroya-España and is not NI 43-101 compliant. The zone of sulphide mineralization is reportedly open along strike to the northwest towards a known lead deposit as well as along strike to the southeast and down dip. The Peñarroya-España and the Lundin drill core is still available including the remaining halved intercepts.
The Toral Project benefits from excellent infrastructure, including access via a major regional highway, a nearby high-voltage power line and a rail line which links to the Asturianas zinc-lead smelter via the city of León. Mining has traditionally been a significant part of the economy of this region which is supporting the re-entry of new exploration and mining projects. Certain exploration and mine development expenditures are eligible for economic development grants and interest free loans.
The Toral Project covers over 6 km of strike length of the prospective Lower Cambrian Vegadeo Limestone formation which is regionally mineralized along more than 40 km of its extent, and is also host to the Rubiales zinc-lead-silver deposit, located about 30 km northwest of Toral, which was mined by Cominco from 1976 to 1991.
In 2006, one of the losing bidders in the tender process that awarded the Toral Investigation Permit to Lundin instituted an administrative appeal of that award, against the Territorial Service of Industry, Commerce and Tourism of the Autonomous Community of Castile and León in Spain. The appeal is ongoing, and although GoldQuest has sought advice from Spanish counsel, and believes that a favourable outcome is likely, if the appeal ultimately prevails the award of the Permit to Lundin may be subject to further adjudication or may be revoked. The Territorial Service of Industry, Commerce and Tourism of the Autonomous Community of Castile and León in Spain who awarded the Investigation Permit to Lundin consider the property title to be in good standing. Under the terms of the acquisition agreement with Lundin, GoldQuest retains the option to abandon the Toral property prior to making the payment to Lundin, in the event that this matter is not resolved to the satisfaction of GoldQuest.
Alistair Waddell, president and chief executive officer of GoldQuest, commented, "We are delighted to have concluded the acquisition of the Lundin assets with no upfront cost to GoldQuest. We have completed considerable due diligence on the status of the Permit and have weighed all of the risks against the potential of the project. We look forward to advancing the Toral project and the exploration programme in Spain."
Second Polymetallic Project
In addition to the acquisition of the Toral project, GoldQuest has acquired a second polymetallic project from Lundin located in northwest Spain which is still under application. Further details of this second project will be announced after full title has been received from the Spanish authorities.
Regional Exploration Data
GoldQuest has gained access to a large amount of historical exploration data covering northern Spain. The data, the majority of which is in hard-copy format, has been collected over many years and covers a wide variety of commodities including gold. It is the intention of GoldQuest to compile and incorporate the data into a digital GIS database to prioritize new exploration targets which will be followed up. The acquisition agreement grants Lundin a one-time right of first offer on projects established in a defined area of interest, if GoldQuest decides to sell or dispose of a project.
The historical estimate quoted in this news release was prepared prior to the implementation of National Instrument 43-101, and the historical estimate does not use the resource categories stipulated in Section 1.3 of National Instrument 43-101, which are "inferred mineral resource", "indicated mineral resource" and "measured mineral resource", and should not be relied upon. The historical resource estimate for the "Mina de Toral," calculated and reported by Spanish Mining Engineer Dr. Rufino Gea Javaloy on behalf of Geominera S.A. and Peñarroya-España, that refers to "5.4 million tonnes" is not a category stipulated in National Instrument 43-101 and GoldQuest believes that term "resources" is used differently from the use of that term in National Instrument 43-101. GoldQuest does not have, and is not aware of, any more recent resource estimates or data which conform to the standards contained in National Instrument 43-101. GoldQuest advises that it has not yet completed sufficient detailed exploration work necessary to verify the relevance, reliability and classification of the historical estimate as current mineral resources or mineral reserves, and the historical estimate has not been verified by a Qualified Person.
About GoldQuest
GoldQuest is a Vancouver based Exploration company with projects in the Dominican Republic and Spain. Through a combination of regional grass-roots generative exploration and new geological models the Company has built a portfolio of new projects. Mr. Alistair H. Waddell, an employee, President and Chief Executive Officer of GoldQuest is the qualified person as defined by National Instrument 43-101 who has supervised the preparation of the information used in this news release. GoldQuest 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
Alistair H. Waddell "
und da ist sie(endlich ausgeführt) -leider hat Lundin noch eine back-in Option, bis max. knapp 2/3(+es läuft noch eine gerichtliche Sache, bei der man eigentlich von einem positiven Ausgang ausgeht, weswegen das aber noch nicht 100%ig wasserdicht ist)...
GoldQuest Announces Closing of Acquisition of Spanish Lead-Zinc-Silver Project - Jan 15, 2010
www.marketwire.com/press-release/GoldQuest-Announces-Closing…
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2009) – GoldQuest Mining Corp. ("GoldQuest") (TSX VENTURE:GQC)(FRANKFURT:M1W) is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of Lundin Mining Exploration S.L. ("Lundin SL") from Lundin Mining Corporation ("Lundin"), as previously described in a news release issued March 30, 2009, on amended terms.
Through its acquisition of Lundin SL, GoldQuest has acquired:
+ A 100% interest in the Toral project, located in northwest Spain, which has a historical resource estimate of 5.4 million tonnes grading 9% zinc, 6% lead and 45 grams per tonne (g/t) silver (not calculated in accordance with National Instrument 43-101);
+ A 100% interest in a second polymetallic project currently under application; and
+ Access to a large exploration database covering northwest Spain - a region with excellent potential for various styles of both precious and base-metal mineralization.
Summary of the Agreement
GoldQuest will not pay any upfront consideration for the assets but will compensate Lundin Mining AB with a one-time payment of CDN$5 million dollars payable upon commencement of commercial production from the Toral property. The five million shares of GoldQuest referenced in the March 30, 2009 news release are no longer issuable under the terms of the amended agreement. The agreement includes a royalty to Lundin of 1.5 percent on the net smelter return from the Toral project and a one-time "back-in" right under which Lundin may reacquire a 51% interest in the Toral project, as described below. In the event Lundin exercises its "back-in" right, the $5 million purchase price and the net smelter return royalty will not be payable.
Under the agreement, Lundin may exercise its one-time "back-in" right to reacquire a 51% interest in the Toral project after the following events have occurred: i) delineation of an inferred resource on the Toral Property of greater than one million tonnes of contained lead and zinc, and ii) completion of not less than 5,000 metres of drilling on the Toral property. To exercise the "back-in" right, Lundin must pay to GoldQuest (or have spent on the project) an amount equal to 2.5 times the total expenditures made by GoldQuest on the project. Following payment or expenditure in full by Lundin, a joint venture will be formed pursuant to which Lundin will hold a 51% interest and GoldQuest will hold a 49% interest in the Toral project. Lundin will then have the right to increase its interest in the joint venture from 51% to 65% by advancing the project and completing a full feasibility study for the Toral property.
Toral Project
GoldQuest, through its wholly owned subsidiary Lundin SL, has been granted an exclusive Investigation Permit for the Toral Project by the Territorial Service of Industry, Commerce and Tourism of the Autonomous Community of Castile and León in Spain. The 2,850 hectare 100% owned property is located approximately 400 km northwest of Madrid, near the regional city of Ponferrada. The Toral Project area was originally investigated by Peñarroya-España and associates from 1975 to 1985 which included over 42,000 metres of diamond drilling. These drill holes reportedly delineated a tabular zone of continuous, sub-vertical, coarse-grained lead-zinc-silver sulphide mineralization that averages 3.7 metres wide with a reported 1,100 metres strike length and a vertical height exceeding 400 metres. With the majority of historical drilling completed in one relatively small part of the property, GoldQuest believes that the Toral Project has significant exploration and development upside.
Based on the previous drilling, the historical estimate of Toral was estimated at 5.4 million tonnes grading 9% Zn, 6% Pb and 45 g/t Ag. This historical estimate, dated June 1997, was calculated by Spanish Mining Engineer Dr. Rufino Gea Javaloy on behalf of Geominera S.A. and Peñarroya-España and is not NI 43-101 compliant. The zone of sulphide mineralization is reportedly open along strike to the northwest towards a known lead deposit as well as along strike to the southeast and down dip. The Peñarroya-España and the Lundin drill core is still available including the remaining halved intercepts.
The Toral Project benefits from excellent infrastructure, including access via a major regional highway, a nearby high-voltage power line and a rail line which links to the Asturianas zinc-lead smelter via the city of León. Mining has traditionally been a significant part of the economy of this region which is supporting the re-entry of new exploration and mining projects. Certain exploration and mine development expenditures are eligible for economic development grants and interest free loans.
The Toral Project covers over 6 km of strike length of the prospective Lower Cambrian Vegadeo Limestone formation which is regionally mineralized along more than 40 km of its extent, and is also host to the Rubiales zinc-lead-silver deposit, located about 30 km northwest of Toral, which was mined by Cominco from 1976 to 1991.
In 2006, one of the losing bidders in the tender process that awarded the Toral Investigation Permit to Lundin instituted an administrative appeal of that award, against the Territorial Service of Industry, Commerce and Tourism of the Autonomous Community of Castile and León in Spain. The appeal is ongoing, and although GoldQuest has sought advice from Spanish counsel, and believes that a favourable outcome is likely, if the appeal ultimately prevails the award of the Permit to Lundin may be subject to further adjudication or may be revoked. The Territorial Service of Industry, Commerce and Tourism of the Autonomous Community of Castile and León in Spain who awarded the Investigation Permit to Lundin consider the property title to be in good standing. Under the terms of the acquisition agreement with Lundin, GoldQuest retains the option to abandon the Toral property prior to making the payment to Lundin, in the event that this matter is not resolved to the satisfaction of GoldQuest.
Alistair Waddell, president and chief executive officer of GoldQuest, commented, "We are delighted to have concluded the acquisition of the Lundin assets with no upfront cost to GoldQuest. We have completed considerable due diligence on the status of the Permit and have weighed all of the risks against the potential of the project. We look forward to advancing the Toral project and the exploration programme in Spain."
Second Polymetallic Project
In addition to the acquisition of the Toral project, GoldQuest has acquired a second polymetallic project from Lundin located in northwest Spain which is still under application. Further details of this second project will be announced after full title has been received from the Spanish authorities.
Regional Exploration Data
GoldQuest has gained access to a large amount of historical exploration data covering northern Spain. The data, the majority of which is in hard-copy format, has been collected over many years and covers a wide variety of commodities including gold. It is the intention of GoldQuest to compile and incorporate the data into a digital GIS database to prioritize new exploration targets which will be followed up. The acquisition agreement grants Lundin a one-time right of first offer on projects established in a defined area of interest, if GoldQuest decides to sell or dispose of a project.
The historical estimate quoted in this news release was prepared prior to the implementation of National Instrument 43-101, and the historical estimate does not use the resource categories stipulated in Section 1.3 of National Instrument 43-101, which are "inferred mineral resource", "indicated mineral resource" and "measured mineral resource", and should not be relied upon. The historical resource estimate for the "Mina de Toral," calculated and reported by Spanish Mining Engineer Dr. Rufino Gea Javaloy on behalf of Geominera S.A. and Peñarroya-España, that refers to "5.4 million tonnes" is not a category stipulated in National Instrument 43-101 and GoldQuest believes that term "resources" is used differently from the use of that term in National Instrument 43-101. GoldQuest does not have, and is not aware of, any more recent resource estimates or data which conform to the standards contained in National Instrument 43-101. GoldQuest advises that it has not yet completed sufficient detailed exploration work necessary to verify the relevance, reliability and classification of the historical estimate as current mineral resources or mineral reserves, and the historical estimate has not been verified by a Qualified Person.
About GoldQuest
GoldQuest is a Vancouver based Exploration company with projects in the Dominican Republic and Spain. Through a combination of regional grass-roots generative exploration and new geological models the Company has built a portfolio of new projects. Mr. Alistair H. Waddell, an employee, President and Chief Executive Officer of GoldQuest is the qualified person as defined by National Instrument 43-101 who has supervised the preparation of the information used in this news release. GoldQuest 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
Alistair H. Waddell "
GoldQuest Provides Update on Dominican Los Comios Project - Dec 03, 2009
www.marketwire.com/press-release/Goldquest-Mining-Corp-TSX-V…
www.marketwire.com/press-release/Goldquest-Mining-Corp-TSX-V…
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