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GoldQuest Mining Corp

TSXV:GQCLive AI agent

GoldQuest Mining Corp.

Investor website: https://www.goldquestcorp.com/

About

GoldQuest Mining Corp. (GQC: TSX-V) is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic. The company has strong participation from Dominican investors and is dedicated to developing its 100%-owned Romero Project while further exploring its Tireo Property. GoldQuest has a history of successful mining experience in the Dominican Republic, having previously developed a mine that is still operating in the country.

Verified company data

Cash position
CAD $28 MM
Shares outstanding
384424396
Fully diluted shares
421738101
Mineral resource
Mineral Resources: | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | **Category** | **Zone** | **Tonnes** | **Au (g/t)** | **Cu (%)** | **Zn (%)** | **Ag (g/t)** | **AuEq (g/t)** | **Au Ounces** | **AuEq Ounces** | | **Indicated** | Romero | 18,390,000 | 2.57 | 0.65 | 0.31 | 4.2 | 3.43 | 1,520,000 | 2,028,000 | | | Romero South | 1,840,000 | 3.69 | 0.25 | 0.18 | 1.6 | 4.01 | 218,000 | 237,000 | | **Total Indicated Mineral Resources** | **20,230,000** | **2.67** | **0.61** | **0.30** | **4.0** | **3.48** | **1,738,000** | **2,265,000** | | | | **Inferred** | Romero | 2,120,000 | 1.80 | 0.39 | 0.36 | 3.2 | 2.32 | 123,000 | 158,000 | | | Romero South | 900,000 | 2.57 | 0.20 | 0.21 | 2.1 | 2.84 | 74,000 | 82,000 | | **Total Inferred Mineral Resources** | **3,020,000** | **2.03** | **0.33** | **0.32** | **2.9** | **2.47** | **197,000** | **240,000** | (1) Effective data for the Mineral Resource is September 27, 2016 (2) Mineral Resources which are not mineral reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues. (3) The quantity and grade of reported Inferred Resources in the estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category. (4) Gold Equivalent Metal prices used were $1,400/oz Au, $20.00/oz Ag and $2.50/lb Cu and recoveries of 78.1% for gold, 94.6% for copper and 58.6% for silver. (5) Columns may not calculate precisely due to rounding errors.
Projects
["Romero Project: [Romero Overview](https://www.goldquestcorp.com/index.php/projects/romero-project/romero-overview)","Tireo Project: The Tireo Project consists of a 100% owned 50 km long land position overlying the highly prospective Tireo Formation rocks, consisting of Upper Cretaceous Volcanic sequences, and surrounding GoldQuest’s Romero Project. In March 2014, a helicopter borne ZTEM and magnetic survey was flown over the entire Tireo Project. The survey covered the discoveries at Romero and Romero South, as well as a previously identified mineralization including La Guama, Jengibre and Loma Viejo Pedro. **Target Minerals:** Gold & Copper **Ownership** GoldQuest owns a 100% interest in the Tireo Project **Location & Access** The Tireo Project is located in the Central Cordillera of the Dominican Republic near the San Juan provincial capital of San Juan de La Maguana. **Key Points** - Initial prospecting in the San Juan valley raised interest for finding epithermal and porphyry style gold+copper deposits - GoldQuest identified a number of areas with surface evidence of mineralization and the right hydrothermal alteration signature - Romero - El Cachimbo - Loma Los Comios - Jengibre - Two deposits have been defined at Romero but the majority of the 50 kilometres long land package has yet to be explored in detail - In 2014, on the heels of the Romero success, we flew a ZTEM survey over the entire San Juan concession group - The ZTEM survey identified areas with the right alteration and geological structure to host mineralization and narrowed our search - Since Induced Ground Polarization (IP) techniques lead to the discovery of Romero, the program was expanded in 2015 to the La Bestia and Imperial Targets in the northern half of the Tireo Belt. In 2016, the southern portion of the Tireo Belt underwent IP to uncover other Romero like targets. - A comprehensive mapping and sampling program further refines the drill targets and our understanding of the geological setting for the entire belt - Drilled just under 10,000 metres in 2014/2015 to test new targets and identified extensive, up to 300 metres thick, hydrothermal systems. The Company will seek the potential gold/copper cores to these systems in future drilling campaigns. - A 5,000 m drilling program is to commence 2H2025, to test newly developed targets in the southern half of the Tireo Belt."]
Leadership
Luis Santana, Chief Executive Officer Position: Chief Executive Officer Luis is a Citizen of the Dominican Republic and is a Qualified Engineer from the Santo Domingo Technological Institute. Luis has more than 25 years of experience in mining and mineral processing and has worked in senior management and executive positions in the design, construction and operation of gold processing plants and mines globally. Luis has an impressive history having worked with Glencore – Falcondo and Altonorte Mines in Dominican Republic and Chile, BHP Billiton – Olympic Dam Mine in Australia, Barrick – Pueblo Viejo Mine in Dominican Republic, Barrick & Shandong Gold – Veladero Mine in Argentina and most recently as CEO for Shandong Gold – Cardinal Resources Namdini Project in Ghana. Luis’s approach to value creation is through awareness, engagement, and accountability of three key strategic objectives: Collaboration by developing a strong culture, Community by strengthening sustainable license to operate, and Company by maximizing economic productivity (production, profitability, and asset value). Paul Robertson, CFO Position: Chief Financial Officer Mr. Robertson is a Chartered Accountant with extensive experience in the mining sector, including assisting junior resource companies with their financial reporting and regulatory requirements. He has over sixteen years of accounting, auditing, and tax experience including working with Ernst & Young from 1999 to 2005. Currently, he is the managing partner of Quantum Advisory Partners LLP, a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements. He was previously the CFO of Grayd Resource Corporation that was acquired by Agnico Eagle in 2011. Mr. Robertson holds a BA from the Universty of Western Ontario (1993) and obtained his Chartered Accountant designation from the British Columbian Institute of Chartered Accountants in 1997. Leandro Sastre, VP Exploration Position: Vice President Exploration Leandro is a seasoned geologist with 23 years of experience in the international mining sector. He has successfully led exploration teams across Latin America, including the Dominican Republic, Argentina, Chile, Peru, and Guyana. His experience spans projects in all stages of development, working with companies of varying sizes. As Vice President of Exploration for Latin America and the Asia-Pacific region at Barrick Gold Corporation, Leandro oversaw exploration activities across multiple continents, including three world-class mines and several earlier-stage projects. His earlier roles included Mineral Resource and Technical Services Manager at Barrick’s Veladero Mine, Geology Manager, and Senior Geologist at Austral Gold Limited, among other key positions. Felix Mercedes, Country Manager Position: General Manager (Dominican Republic) Felix is a Dominican geologist with more than 20 years of experience in the Dominican Republic mining and exploration sector. Felix has worked for several companies as project and general manager and was previously the Caribbean representative for Energold International Drilling. Felix has a Degree in Geology and a Masters Degree in Business administration and is currently a director of the Mining and Petroleum Chamber of the Dominican Republic. Frank Balint, Chairman Position: Chairman (1)(2)(3) Frank Balint is a seasoned mining executive with over 45 years of broad ranging practical experience in the mining industry. Mr. Balint has been involved in all aspects of the mining life cycle from exploration, through discovery, ore reserves, feasibility, financing, acquisition, development and closure. Frank possesses strong technical skills backed up by a solid financial experience base that have resulted a strong exploration and acquisition track record. As a senior member of the executive team at Inmet for nearly 20 years, he has had significant involvement with shaping, communicating, winning board support and executing a successful corporate strategy that saw Inmet grow from a market cap of less than $200 million to over $5 billion when purchased by First Quantum Minerals Ltd. in March of 2013. Mr. Balint was also a former director of Wolfden Resources Inc., a TSX listed company who was sold to Zinifex in 2007 for $363 million. Mr. Balint is a licensed professional geologist (P. Geo) in Ontario. Coille Van Alphen Position: Director Ms. Van Alphen is a Metals & Mining Portfolio Manager at Equinox Partners, a US-based global value investment firm recognized for its long-term investment horizon and focus on good corporate governance. In this role, she manages a concentrated portfolio of precious metals miners and oversees investments in base metals companies. Previously, Ms. Van Alphen was Senior Analyst of a precious metals mutual fund at Toqueville Asset Management (now Sprott Funds), where she was responsible for evaluating and monitoring global mining equity investments. Earlier in her career, she worked at CPP Investment Board in global capital markets and external portfolio management. Ms. Van Alphen holds an MBA, graduating with distinction, from the Ivey School of Business at Western University and is a CFA charterholder. Jose Michelen Position: Director Mr. Michelen has profound corporate and investment experience in the Dominican Republic and South America and has a track record of implementing and executing strategic corporate development goals within various enterprises. He has been active in financial markets since 1996, initially working in New York before co-founding a financial transactional platform in the Dominican Republic in 2002. Since 2004, Mr. Michelen has focused on actively managing and overseeing investments across various industries in the Dominican Republic and Central America. He is a founding partner and board member of several Dominican financial institutions, including Centro Financiero Crecer, AG Investments and Alpha Valores, and has served on the board of directors of the Bolsa de Valores de la República Dominicana. He currently serves on the Board of Cevaldom. Mr. Michelen holds an MBA from the Massachusetts Institute of Technology and a Bachelor of Science degree from New York University. Patrick Michaels Position: Director (1)(2) Patrick Michaels is the Executive Chairman of Zuri-Invest AG and the Chairman of Asty Capital AG in Zurich, Switzerland. Mr. Michaels has been involved in numerous financings of gold mines in North America and is a well-respected financial adviser and fund manager throughout Europe. Mr. Michaels has extensive experience in the fields of mining finance, fund management and asset allocation. Mr. Michaels has a background in law and economics, and did his training in the areas of private banking and investment research at UBS in Zurich. Additionally, he attended post-graduate courses at the Colorado School of Mines in Denver, Colorado. Mr. Michaels was previously on the board of Romarco Minerals Inc. and Steppe Gold Ltd. and currently on the board of Highway Holdings Ltd. Charles Reid Position: Director Charles Reid is a seasoned professional with extensive experience in asset recovery, distressed assets, and project development in the Dominican Republic. He has successfully structured and executed strategies to monetize non-performing receivables, revitalize underutilized properties, and transform financial challenges into profitable opportunities. Beyond distressed assets, Charles has led initiatives in corporate restructuring, feasibility studies, mergers, and large-scale distribution projects, building a track record of driving efficiency and sustainable growth. He holds a Bachelor’s degree in Management from Bentley University and a Master’s in Administrative Studies from Boston University. Fully bilingual in English and Spanish, Charles brings strategic insight and cross-cultural expertise to both local and international markets Florian Siegfried Position: Director (1)(2) Florian Siegfried is CEO and Managing Partner of SSI Asset Management Ltd. based in Liechtenstein. Prior to that he served as Chief Executive Officer of Precious Capital AG, a Zurich-based fund manager specializing in global mining investments. Previously he was the CEO of Shape Capital Ltd., a SIX Swiss Exchange-listed private equity company. He is also an independent director of PPX Mining Corp. Mr. Siegfried holds a master's degree in finance and economics from the University of Zurich and a post-graduate degree in accounting from the University of Lucerne.

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