This integral initiative includes an extensive land exploration and an initial phase 1 drilling campaign up to 5000 meters.
Goldquest Mining Corp. announces that its 2025 exploration program is already underway. This integral initiative includes an extensive land exploration and an initial phase 1 drilling campaign up to 5000 meters.
Exploration activities have begun in the Los Hooks and Cañada La Vaca objectives, within the company’s prioritized exploration corridor.
Área de la faja Tireo con intersecciones de perforación significativas.
The program includes the detailed mapping of the surface, the sampling of rocks and soils, and the excavation of ditches to refine the high potential drilling objectives.
“This campaign is based on our proven trajectory of discoveries in the Tireo strip,” said Luis Santana, executive director. “With this drilling program, we are eager to discover the next generation of gold and copper VMS deposits, while promoting the development of rosemary.”
On the other hand, Leandro Sastre, vice president of exploration, added that “returning to the Tireo strip revitalizes the entire team. This detailed mapping phase, ditch excavation and sampling will refine our strategy and lay the basis for the next 5,000 meter drilling program ».
Outstanding aspects of the 2025 program
- Five VMS objectives ready to pierce: Los Hooks, Cañada La Vaca, Los Mineros, Cachimbo Se, Cachimbo NW.
- 50 km district scale trend anchored in the existing resources of Romero and Romero Sur.
- Fully financed exploration budget with the Goldquest Treasury of approximately USD 15 million.
- Phase 1 designed to offer results High impact in the short term Before Romero’s banking feasibility study.
The 2025 program will evaluate multiple new VMS objectives and carry out monitoring perforations at significant intersections previously identified in the hooks, the cow, the miners, Cachimbo se and Cachimbo NW. Tireo training continues to demonstrate exceptional potential for new VMS discoveries, comparable to that of internationally recognized belts.
During the last years, the GoldQuest geological team in the Dominican Republic has continued with surface work and low -cost exploration, whose results are fundamental for our new drilling initiatives. Of the following objectives, only Romero and Romero Sur have published resources, while others represent additional VMS opportunities. The Romero project has an indicated resource of 20 million tons with 3.48 g/t of equivalent gold.
| Name | Distance from Romero (km) |
Intersections of important drilling |
Date of the press release |
| Romero | 235 m. A 7.9 g/t have y 1.4 % with | August 27, 2012 | |
| Romero Sur | 2 | 53 m. A 3.02 g/t at | July 6, 2010 |
| Imperial | 4.4 | 13.8 m. At 0.92 g/t at | March 31, 2015 |
| Pipe | 20 | 20.96 m. A 7.86 g/t at | October 17, 2017 |
| Ginger | 25 | 22 ma 1.97 g/t at | August 5, 2009 |
Solid financial position
As of December 31, 2024, Goldquest maintains a cash position of 15 million dollars and has assigned a budget to finance its 2025 exploration program. Additional funds will be allocated to the study of Environmental and Banking prefeasibility (EBA) in Romero, which also includes additional perforations in the area.
The prefeasibility study, published in 2016, revealed a VPN (5%) after taxes of 203 million dollars and a IRR (internal return rate) after taxes of 28%, based on a gold price of $ 1300/Oz and 2.50 dollars/lb of copper. The EBA will incorporate updated assumptions on the price and cost of metal.
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