Goldquest Mining Reports Potential Depth Extension at Romero Gold-Copper Project in the Dominican Republic
Goldquest Mining (GQC.V) on Wednesday reported preliminary visual results from the ongoing exploration drilling program at the Romero deposit in the Dominican Republic.The company said recent drill holes LTP-182 and LTP-183 intersected zones of "favorable" alteration and mineralization consistent with the Romero deposit style, located outside the current mineral resource block model. These results, it added, support the potential extension of mineralization both at depth and along trend of the known mineralization.Drilling on both holes has been temporarily suspended, as current drill rigs have reached their depth capacity. The company said it is currently mobilizing a more capable replacement drill rig.The new rig is being sited at hole LTP-183 to advance it to its target depth, after which it will be moved to complete hole LTP-182. Drilling is anticipated to resume by late April.The company said further drilling is planned to test the continuity, geometry, and grade distribution of these newly identified zones.Shares of the company were last seen up $0.07 to $2.22 on the TSX Venture Exchange.Price: $2.20, Change: $+0.05, Percent Change: +2.33%
