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Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

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.


TSXV:GQC - Post by User

Post by goldenriviton Feb 07, 2023 9:51am
344 Views
Post# 35271531

Mining friendly myth

Mining friendly mythThere was great hope by mining investors that Luis A who ran on the mining friendly agenda and won the election was going to follow DR law with regards to permits.But ABX and GQC have yet to get permits to exploite and expand PV with no date in sight to see them issued.GQC has seen it treasury shrink by $4 million during the change in govt from the corrupt Medina gov.Now the company has only tow routes to bankrptsy 1) arbitrate or 2) not aritrate and become a life style company and issue the rest of the treasury over a few yrs to pay salaries for managements life style until the cash is all gone and then file bankruptsy.NOT GOOD!Never invest on hope!
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