GoldQuest Announces Progress on 2025 Exploration Program in the Dominican Republic
GoldQuest Announces Progress on 2025
Exploration Program in the Dominican
Republic
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - GoldQuest Mining Corp. (TSXV: GQC)
("GoldQuest" or the "Company") is pleased to announce the first progress on its 2025 Exploration
Program.
The Company continues to advance its dual-track strategy: the
development of the Romero Project
and a renewed focus on
regional exploration within the Tireo Belt
. Over the spring months,
GoldQuest's Exploration team carried out an extensive program of trenching and channel sampling
across Greenfield targets in the belt.
These efforts are aimed at narrowing down high-priority drill targets for a
planned drill campaign of at
least 5,000 metres, expected to commence in Q3 2025
. This marks an important milestone for the
Company, as it will be the first drilling since the 2018 campaign.
Luis Santana, CEO of GoldQuest Mining Corp., commented:
"As we move forward with the
Romero Project following the receipt of our Terms of Reference, we're equally focused on unlocking the
broader potential of the Tireo Belt. Our Exploration team has been working diligently, and we're now
beginning to see results that will guide our upcoming drill program. These efforts are key to creating
long-term shareholder value while continuing to advance Romero."
GoldQuest has also contracted a specialist in
structural geology
to assist with the structural modelling
of the projects and has a
senior geophysicist
reprocessing existing down-hole magnetic susceptibility
data together with the raw data from the ground magnetic surveys. The GQC Exploration team has now
implemented a modern, cloud-based database platform (MX Deposit) to organize the existing
geological information, add new data and make it easily available for its analysis.
All this work is expected to culminate in a robust, integrated geological model to assist with targeting
and
drilling planned to start during Q3, 2025
.
Target
Task
Completion
Comments
Romero
Structural
Analysis
25%
Relogging and mapping to improve current understanding of the Romero Mineral
Resource area to unlock its full potential.
Romero
Geophysics
15%
Completed an assessment on the downhole magnetic susceptibility data.
Additional lines to improve ground magnetic resolutions are planned to start on
Q3.
A full 3D inversion model to be generated as final product.
Cachimbo
Geological
Model
75%
Full relog completed, ongoing cross sections and longitudinal sections
interpretations. 3D geological model expected by early Q3, allowing to improve
geological concepts, mineralization and drill planning.
Greenfields
Mapping and
Trenching
50%
62 trenches in 3 targets completed (Los Mineros, Cañada La Vaca, Los Gauchos).
Results from first two batches confirms initial finding of gold mineralization at
surface, opening potential for higher grades at depth.
At
Cañada La Vaca and Los Ganchos
, results highlight a NW trending
corridor of +4 km
with gold
mineralization at surface (consistent values >1 g/t in rock chips and trenches), robust soil anomalies
(Au+Ag+Cu) and IP chargeability anomalies. Adding in results from the
Cachimbo area
, this trend
extends to a
+7.5Km trend
as shown on the Figure 1 map below.
Figure 1.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1663/259898_34b0a39ca484baab_001full.jpg
GoldQuest is entering an exciting new phase of growth and development. After years of dedicated work
in community engagement and constructive dialogue with government authorities, the company is now
poised to advance the full potential of its highly prospective land package. With the recent receipt of the
Terms of Reference for the Environmental and Social Impact Assessment (ESIA) of the Romero Project,
GoldQuest is thrilled to move forward with the environmental studies at Romero and to resume
exploration activities across the broader Tireo Belt, including the highly promising Cachimbo area.
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 is a Canadian based mineral exploration and development company with projects in the
Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin
with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this
release and to advance the development of its Romero gold/copper discovery, also located in the Tireo
Formation of the Dominican Republic.
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, mineral resources at Romero and Romero South, the merits of the Company's
mineral properties, future drill programs and studies, the Company's plans and exploration programs for
its mineral properties, including the timing of such plans and programs, the Company's belief that
Dominican Republic authorities will support the development of the Romero gold-copper project, and the
allocation of funds for the BFS and the 2025 Program. 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", "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
Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
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