GoldQuest Defines Volcanic-Hosted Massive Sulfide District In Western Dominican Republic.TORONTO -- GoldQuest Mining Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GQC GQC Galois-Field Quantized Coset ) - - EM geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. defines 1.4 km long conductor coincident with the vicinity of previously announced historical drill hole with reported intersection of 29.6 meters of 8.88% Cu, 1.29% Zn, 2.07 g/t Au and 55.28 g/t Ag. - New channel samples across gossanous zone return 6.45m @ 11.85 g/t Au. - New gossan gos·san n. An exposed, oxidized portion of a mineral vein, especially a rust-colored outcrop of iron ore. [Cornish gossen, from g zone discovered with assays of 14.0 g/t Au and 7.4 g/t Au. GoldQuest Mining Corp. ("GoldQuest" or the "Company") is pleased to announce the definition of further volcanic-hosted massive sulfide mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. in the western Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. . Since the Press Release of 21st March 2005, GoldQuest has defined several new zones of new mineralization on its wholly-owned Las Animas project using historical data with new geological mapping, lithogeochemical sampling and geophysics. A ground electromagnetic (EM) geophysical survey was recently completed over an old mine working on the Las Animas concession to explore for massive sulfide bodies. The oxide zone was worked in a small pit in the 1980s but the sulfide portion has never been exploited. The EM survey has highlighted several significant conductive anomalies in the vicinity of an historical drill hole with a reported intersection of 29.6 meters (from 88.0 to 117.6 meters) grading 8.88% Cu, 1.29% Zn, 2.07 g/t Au and 55.28 g/t Ag (Press Release 21st March, 2005, unverified pre-NI 43-101 data quoted from UNDP UNDP United Nations Development Programme UNDP Unión Nacional para la Democracia y el Progreso (National Union for Democracy and Progress) report project number DOM/78/004). The geophysical survey, carried out by Big Sky Geophysics of Montana, used the horizontal loop electromagnetic method with a Max-Min II induction EM system. The grid was surveyed using 100 meter, 50 meter (partial) and 25 meter (partial) coil separations. Readings were made at frequencies of 3555, 1777, 888, 444 and 222 Hertz. The survey results show eight conductors with a cumulative strike length of 2,100 m. A series of conductors can be traced over a strike length of about 1,400 m and are close to the steeply dipping contact mafic and felsic fel·sic adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. volcanics. Between the two volcanic sequences are metasediments which are closely associated with the known mineralization and which have been mapped for about 2,000 m. The other conductors are within the felsic volcanics (sericite Ser´i`cite n. 1. (Min.) A kind of muscovite occuring in silky scales having a fibrous structure. It is characteristic of sericite schist. schists). It is interpreted that the EM conductors are probably due to sulfides as the metasediments do not appear to be very graphitic. Initial sampling of gossan blocks from the old working area gave an average of 6.61 g/t Au and 48.44 g/t Ag in nine samples. Recent work by GoldQuest has discovered outcropping gossan located in a heavily overgrown overgrown said of a part that has not been kept trimmed. overgrown hoof overgrown hooves put unusual stresses on bones and tendons and allow for distortion of the wall and sole. area of the mine. This returned channel samples results of 6.45m @ 11.85 g/t Au and 18.59 g/t Ag (composite of continuous 1.0 to 1.45 m channel samples) with a peak value of 24.0 g/t Au over 1.0 m. A new outcrop of the gossan has been discovered 95 m to the east and gave results of 11.55 g/t Au with 46.4 g/t Ag over 1.60 m, and 3.28 g/t Au and 61 g/t Ag over 1.20 m. Channel samples of an oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. quartz-sulfide stockwork in sericite schists in the mine and road cuts gave results including 18.0 meters grading 2.73 g/t Au and 34.92 g/t Ag including 8 meters grading 5.87 g/t Au with 71.15 g/t Ag. Full results are given Table 1 and a plan is available on the website:
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Channel Number Mineral type Length meters Gold g/t Silver g/t
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1 Gossan 6.45 11.86 18.59
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2A Gossan 1.60 11.55 46.40
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2B Gossan 1.20 3.28 61.00
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3 Stockwork 18.0 0.74 28.24
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4 Stockwork 18.0 2.73 34.92
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including Stockwork 8.0 5.87 71.15
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5 Stockwork 78.0 0.26 2.47
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including Stockwork 15.0 0.69 10.69
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6 Stockwork 3.0 0.11 3.58
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7 Stockwork 30.0 0.21 1.98
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8 Stockwork 3.0 0.13 1.35
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9 Sericite schist 15.0 nsv nsv
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Table 1. Length-weighted average gold and silver grades of continuous
1.2 to 3.0 meter long channel samples from Las Animas
Project.
(i) nsv equals no significant values
Further encouragement of district scale mineralization includes two subcrop samples of gossanous sericite schist schist (shĭst), metamorphic rock having a foliated, or plated, structure called schistosity in which the component flaky minerals are visible to the naked eye. 1 kilometer west of the old mine area which returned 14.0 g/t Au and 7.4 g/t Au, and a float sample of quartz vein 1.5 kilometers north-west of the old workings which returned 119.0 g/t Au. The Las Animas concession is located 110 km north-west of the capital Santo Domingo. The qualified person for the technical information in this press release for the purposes of National Instrument 43-101 is Stewart D. Redwood, FIMMM FIMMM Fellow of the Institute of Materials, Minerals and Mining , Consulting Geologist to the Company. Preparation and geochemical analyses of all samples were carried out by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex, Vancouver. Rock standards, duplicates and blanks are routinely inserted into all sample batches for quality assurance and control. About GoldQuest GoldQuest is an exploration & development company focused on the Dominican Republic. Through regional grass-roots exploration and new geological models the Company has built a portfolio of drill targets on new gold and copper discoveries including Las Tres Palmas Palmas may refer to:
The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release. GoldQuest Mining Corp. (TSX VENTURE:GQC) |
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