GoldQuest Provides Update on Drilling and Exploration Activities at Romero Gold-Copper Project, Dominican Republic
GoldQuest Provides Update on Drilling and
Exploration Activities at Romero Gold-Copper
Project, Dominican Republic
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) -
GoldQuest Mining Corp. (TSXV:
GQC)
(OTCQX: GDQMF)
("
GoldQuest
" or the "
Company
") is pleased to provide an update on its
ongoing 2025-2026 drilling and metallurgical testwork program at the 100%-owned Romero Gold-
Copper Project in the Dominican Republic.
The Company has successfully completed the metallurgical drill program: 5 metallurgical
drillholes
totalling 1,906 metres; ~1,600 m of representative core selected from all holes for
advanced locked-cycle and variability testwork at ALS Kamloops, with first results expected in
March 2026 and the final report by late April/early May 2026.
Geotechnical and hydrogeological drilling advancing on schedule
: 8 dedicated geotech
holes (~2,700 m), of which 3 were completed and 3 are ongoing, and
10 hydrogeological holes
(6 completed, 3 in progress) all to be finished by February 2026 to support Feasibility Study
engineering design.
Drilling started in early January at the
Cachimbo discovery
target, with the first hole currently at
450 metres, with a planned target depth of 500 metres. This program aims to delineate a Mineral
Resource and test additional targets along the Romero-Cachimbo corridor.
Geophysics Program Underway:
A new ground geophysics program has commenced to further
refine exploration targets. The program consists of Gradient Array Induced Polarization (IP)
surveys and Pole-Dipole Induced Polarization (PD-IP) surveys.
Since beginning the program in September 2025, the Company has completed five metallurgical drill
holes totaling 1,906 metres and three dedicated geotechnical holes totaling 1,270 metres (see Figure
1). This data will support the continued development of the underground mining design.
In parallel, three additional drill rigs continue with a
geotechnical and hydrogeological
drilling
program at the planned plant, waste dump, tailings facility areas, and critical infrastructure (Figure 1).
This campaign has been updated to
eight dedicated geotechnical holes
(approximately 2,700
metres in total) and
ten hydrogeological holes
(6 completed and 3 ongoing) and is on schedule for
completion by
February 2026
. Data from these holes will support detailed engineering design for the
Feasibility Study.
Luis Santana, CEO of GoldQuest Mining Corp., commented:
"We are advancing efficiently on all
fronts. With metallurgical samples now at the lab and the drill bit turning at Cachimbo, we remain on
schedule to deliver our Feasibility Study milestones while simultaneously exploring the district's
potential."
Figure 1: Drill Progress at Romero
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At Cachimbo, drilling of hole TIR-26-57 began in early January and has now reached 450 metres, with a
target depth of 500 metres. The program seeks to define a Mineral Resource and test new targets along
the Romero-Cachimbo corridor (Figure 2).
Core samples from TIR-26-57 contain sections with disseminated pyrite, chalcopyrite, barite, and
sphalerite in veinlets (Figure 3), similar to mineralization encountered in previous holes at this target.
Cutting and sampling are currently in progress, with assay results anticipated by early March.
Figure 2: Drill Progress at Cachimbo
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Figure 3: Core from hole TIR-26-57 a: 183.6 m depth. b: 258 m depth.
To view an enhanced version of this graphic, please visit:
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Additionally, a geophysics program is currently in progress. Commenced on January 27, a new ground
geophysics plan aims to further delineate exploration targets and support drill planning along the
aforementioned corridor. The scope of this program includes Gradient Array Induced Polarization (IP)
surveys, which will be supplemented with Pole-Dipole Induced Polarization (PD-IP) surveys in zones
where anomalies are identified. The plan consists of:
A first stage of Gradient Array Induced Polarization (IP) to complete the cover in the brownfield
targets around the Romero deposit, and
A second stage targeting the Cachimbo trend, with the objective of improving the upcoming drill
program at the greenfield targets Cañada La Vaca and Los Ganchos.
Qualified Person
The scientific and technical information in this press release has been reviewed and approved by
Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical
information in this press release under NI 43-101-
Standards of Disclosure for Mineral Properties
.
About GoldQuest
GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation
from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic.
The Company has a Board of Directors and management team with prior experience developing and
operating a mine in the country.
Additional information can be viewed at the Company's website
www.goldquestcorp.com
.
On Behalf of the Board of Directors of GoldQuest Mining Corp.,
"Luis Santana"
Director & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
Forward-looking statements:
Statements contained in this news release that are not historical facts are forward-looking information
that involves known and unknown risks and uncertainties. Forward-looking statements in this news
release include, but are not limited to, statements with respect to the past drill programs, the results of
such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of
drilling and assay results, the Feasibility Study and engineering studies in support thereof, the
mobilization of drill rigs, mineral resources at Romero and Romero South, the merits of the Company's
mineral properties, future drill programs and studies and the Company's plans and exploration programs
for its mineral properties, including the timing of such plans and programs. In certain cases, forward-
looking statements can be identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "aims",
"forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results "may", "could", "would", "should",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking
statements. Such risks and other factors include, among others, risks related to uncertainties inherent in
drill results and the estimation of mineral resources; commodity prices; changes in general economic
conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going
concern; the Company's ability to raise funds through equity financings; risks inherent in mineral
exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment
or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry;
delays in obtaining governmental approvals; government regulation of mining operations; environmental
risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of
litigation. Although the Company has attempted to identify important factors that could affect the
Company and may cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements
are made as of the date of this news release and the Company is under no obligation to update or alter
any forward-looking statements except as required under applicable securities laws. Forward-looking
statements are based on assumptions that the Company believes to be reasonable, including
expectations regarding mineral exploration and development costs; expected trends in mineral prices
and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that
the Company's activities will be in accordance with the Company's public statements and stated goals;
that there will be no material adverse change affecting the Company or its properties; that all required
approvals will be obtained and that there will be no significant disruptions affecting the Company or its
properties.
For further information, please contact:
Luis Santana, Chief Executive Officer
1 (809) 224-0629
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/282433