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The Market Online
06-05-2025
- Business
- The Market Online
Precipitate Gold samples new anomaly in the Dominican Republic
Precipitate Gold (TSXV:PRG) discovered a 1.2-kilometre gold-in-soil geochemical anomaly in the north-central portion of its Juan de Herrera project in the Dominican Republic Numerous pathfinder elements within the anomaly identified in over 1,800 soil samples suggest gold and/or volcanogenic massive sulphide mineralization Precipitate Gold is a junior mining stock advancing property interests in the Pueblo Viejo copper-gold mining camp and Tireo gold trend of the Dominican Republic Precipitate Gold stock has added 41.67 per cent year-over-year but remains down by 46.88 per cent since 2020 Precipitate Gold (TSXV:PRG) discovered a 1.2-kilometre gold-in-soil geochemical anomaly in the north-central portion of its Juan de Herrera project in the Dominican Republic. The anomaly, now known as the LP zone, is backed up by over 1,800 soil samples, measures up to 100 metres wide and is co-incident with pathfinder elements, including lead, arsenic, antimony, zinc, mercury, cadmium and barium, which indicate epithermal gold and/or volcanogenic massive sulphide mineralization. The company is planning follow-up rock sampling and trenching to evaluate the LP's potential. The zone resides about 2.5 kilometers south of the CN zone, which returned rock samples up to 73.8 grams per ton (g/t) gold, and 14 kilometres north of the Ginger Ridge zone, where drilling yielded an 18-metre-wide interval of 4.54 g/t gold. The 12,706-hectare Juan de Herrera project features multiple anomalous zones of gold and/or copper mineralization adjacent to GoldQuest Mining's (TSXV:GQC) Romero project and its over 3.5 million ounces in gold equivalent resources and reserves. Romero is part of the Tireo Formation belt, where 5 million gold equivalent ounces have been discovered over the past decade. Leadership insights 'We continue to be pleased with the results of the ongoing, and increasingly aggressive, fieldwork being conducted throughout the company's Juan de Herrera project,' Jeffrey Wilson, Precipitate Gold's president and chief executive officer, said in a statement. 'Sequential programs of sampling and mapping, along with other types of fieldwork, have successfully discovered multiple sizeable new geochemical anomalies throughout the project, with priority anomalies subsequently being advanced through follow-up work. We're impressed by the number of anomalous areas now outlined throughout the project and are keen to pursue both reconnaissance work over underexplored areas, while applying more advanced exploration programs, such as geophysical surveying, over known areas, as a means of identifying and prioritizing zones our geological team deems most prospective for drill testing in the near term.' About Precipitate Gold Precipitate Gold is a junior mining stock advancing property interests in the Pueblo Viejo copper-gold mining camp and Tireo gold trend of the Dominican Republic. Precipitate Gold stock (TSXV:PRG) opened with a gain of 6.25 per cent trading at C$0.085. The stock has added 41.67 per cent year-over-year but remains down by 46.88 per cent since 2020. Join the discussion: Find out what everybody's saying about this gold stock on the Precipitate Gold Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
09-04-2025
- Business
- Yahoo
GoldQuest Mining Expresses Condolences After the Tragedy in Santo Domingo
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is deeply saddened by the tragedy thatoccurred on Monday night at the Jet Set nightclub in Santo Domingo. Unfortunately, the tragedy affected our GoldQuest family. It brings us great sadness to announce that the brother and sister-in-law of our CEO, Luis Santana, were in attendance that night, and both lost their lives. Our thoughts and prayers are with Luis and his family as they navigate this difficult time. We extend our heartfelt condolences to ALL the families and friends of the victims, and our thoughts are with the people of the Dominican Republic during this difficult time. We also wish a speedy recovery to all those who were injured. GoldQuest has operated in the Dominican Republic for over 20 years and has carried out exploration and development in many provinces, with our head office in Santo Domingo. We recognize that our Dominican colleagues are devastated by the news of the tragedy, and the Board offers full support to our Dominican team. 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 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 On Behalf of the Board of Directors of GoldQuest Mining Corp., "Bill Fisher" Chairman of the Board 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: Daniel G. McIntyre, Investor Relations1 (778) 200-6350dmcIntyre@ Toll Free at 1 (866) 218-6894 To view the source version of this press release, please visit Sign in to access your portfolio
