GoldQuest Engages Sedgman and SRK for Romero Bankable Feasibility Study
GoldQuest Engages Sedgman and SRK for
Romero Bankable Feasibility Study
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2025) -
GoldQuest Mining Corp.
(TSXV:
GQC) ("GoldQuest" or the "Company") is pleased to announce the awarding of the Bankable Feasibility
Study ("BFS") for its 100%-owned Romero gold-copper project in the Dominican Republic to Sedgman
Canada Ltd. ("Sedgman"), in partnership with SRK Consulting (Canada) Inc. ("SRK").
Sedgman will lead the BFS and assume overall responsibility for managing and integrating the study,
coordinating key inputs from GoldQuest, SRK, and other third-party consulting groups. The study will be
completed in accordance with National Instrument 43-101 regulatory standards. This collaborative and
structured approach is designed to streamline communication between various consulting groups and
GoldQuest technical management, define clear roles, and support efficient decision-making as the
project progresses toward development.
"We're pleased to be working with Sedgman and SRK, two globally respected firms, to advance
Romero through a well-defined, efficient and high-quality feasibility process," said Luis Santana, CEO of
GoldQuest. "This announcement marks an important milestone as we move the project forward with
technical expertise and a focus on long-term value creation."
The Romero Project, located in the San Juan Province, is one of the most advanced high-grade
undeveloped gold-copper projects in the Caribbean and holds the potential to become a significant
contributor to the region's economy.
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 Sedgman Canada Ltd.
Sedgman Canada Limited is a wholly owned subsidiary company of Sedgman Pty Limited, a CIMIC
Group company. Sedgman is a leading provider of integrated minerals processing solutions. The
company's 250-strong portfolio of high-performing processing plants and supporting mine-site
infrastructure showcases the value of its specialist focus.
About SRK Consulting (Canada) Inc.
SRK Consulting is an independent, international consulting practice providing focused advice and
solutions to the earth and water resource industries. They offer specialist services in fields such as due
diligence, feasibility studies, permitting, operation optimization, mine waste and water management, and
mine closure. They have been involved in a wide range of projects in most areas of the world and across
the full spectrum of mineral commodities. Formed in 1974, SRK employs more than 1,600 professionals
in over 44 offices on 6 continents, and has completed more than 30,000 projects worldwide.
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
Deborah Honig, Investor Relations
1 (647) 203-8793
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/263914