Goldquest Mining Corp V.GQC

Alternate Symbol(s): GDQMF

Metals & Mining Industrial Metals & Minerals

GoldQuest Mining Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the identification, acquisition and exploration of mineral properties. It is focused on gold and copper in the Dominican Republic. Its projects include Romero and Tireo. The Romero project includes its Romero and Romero South deposits, which are located within the La Escandalosa exploration concession of its Tireo Property, which has an area of approximately 3,997 hectares (ha). The Tireo project (also known as the San Juan concessions) is situated in the Central Cordillera of the Dominican Republic near the San Juan provincial capital of San Juan de La Maguan. Its other projects include Las Animas and Cerro Dorado. Its Las Animas project is situated approximately 100 kilometers (kms) north-west of the capital Santo Domingo. The Las Animas project comprises of over two claims. Its Cerro Dorado project is located in the Monsenor Noel province.

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Comment by iluv2buyemon Dec 17, 2020 1:14pm

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RE:RE:another article

Sign the damn permit Mr . A
From the article .

PERMITTING FREEZE

President Abinader has made mining growth a key priority for his administration, aiming for 2Moz/y gold equivalent production by 2024.

Attracting more investment is one of the main aims of the legislative overhaul, along with updating environmental regulations.

But the country will need to overhaul its creaking regulatory system and end a freeze on new mining permits to enable it to lure in investment, Fernando Gonzlez Nicols, roundtable president, told the webinar.

The Dominican Republic is currently not seen as a favorable place for mining, languishing in 72nd place out of 76 jurisdictions for investment attractiveness, according to the latest Fraser Institute survey of mining companies.

This is in part due to an unjustified freeze on new mining permits, according to Gonzlez.

Among the projects which have been held up by this halt is GoldQuest Mining’s Romero gold asset.

Presidential endorsement of an exploitation license for the project has been delayed, which has forced the company to look elsewhere for investment opportunities.

“The company is monitoring the political situation in the Dominican Republic and any progress towards presidential endorsement of the exploitation license with interest as it evaluates other opportunities in mining friendly jurisdictions,” the company said in its Q3 MD&A report.