GoldQuest Mining (GQC-TSX-V) has done a terrific job over the last year or so getting all of its “ducks in a row” which is likely going to start paying huge dividends as 2011 gets underway. The company has just commenced a drill program at its La Escandalosa Project (formerly Las Tres Palmas) in the Dominican Republic. Drilling will accelerate in early January. La Escandalosa is an exceptional target as we have outlined many times here at BMR. A recently completed 43-101 shows an inferred resource in one area of La Escandalosa (Escandalosa Sur) of 406,000 ounces – this was a very early 43-101 (based on only 25 drill holes and 3,300 metres of drilling). The potential for a much larger resource clearly exists – the right geology is there. GoldQuest has been exploring in the DR for a decade and they have a truly outstanding pipeline of projects in this mineralization-rich country. In Spain, GoldQuest holds the Toral zinc-lead-silver project which has an historical (non-compliant) resource of 5.4 million tonnes grading 9% zinc, 6% lead and 45 g/t Ag. A 43-101 on Toral is expected in the near future. GoldQuest ran to $1.80 per share in mid-2007 on less than what we believe it has now. The stock closed at 39 cents today and John provides a brief technical update below.
Hi guys!
I really like Everton Res. and I would like to know if you guys are planning on including it in the BMR portfolio? I saw the drilling results released earlier this week, what is your opinion on those? I recon this would be the best place for a question like this since Gold Quest is also focused on Dominican Republic.
Christmas greetings to all of you,
Erik
Comment by Erik — December 23, 2010 @ 1:22 am
Everton is looking good. It has been extremely busy and we’ll have a chance to continue our DD on EVR after Christmas. We’ll certainly have more to say on it.
Comment by Jon - BMR — December 23, 2010 @ 5:25 am