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Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

GoldQuest Mining Corp. is a Canadian mineral exploration company. The Company is focused on gold and copper in the Dominican Republic. The Company holds 19 exploration permits (granted or under application) and one exploitation permit (under application) concessions in the Dominican Republic. These concessions are grouped into various districts. San Juan District, includes Romero (exploitation permit under application), Jenigbre-II (Jenigbre), Valentin-II, Loma Los Comios (actual Loma Los Limones), Loma Cachimbo-II (Loma Viejo Pedro), Los Gajitos and Los Lechones (together actual Alto de Los Chivos), Descansadero (actual Gajo La Guama), Tocon de Pino-II, Las Tres Veredas (actual Palo de La rosa), Piedra Dura-II, Tachuela Fase-II, La Guinea, Toribio (actual Arroyo La Vaca) concessions (Tireo Property). Jarabacoa District includes Monte Verraco and La Rabona concessions. Its regional exploration includes Loma El Catey, Loma La Damajagua, Hoyo Prieto-II and Recodo concessions.


TSXV:GQC - Post by User

Bullboard Posts
Comment by medvic1on Jul 14, 2020 11:54am
102 Views
Post# 31265801

RE:RE:the permit

RE:RE:the permit I'm not arguing the permit issuance, I just see some people expecting it like it's going to happen in the next couple of weeks. That's right, tiny Dominican is not a Brazil but Brazil economy even in a bigger s..hole. Tourism in Dominican? This is what a killer of tourism:
 https://unearthed.greenpeace.org/2020/06/11/mining-director-in-brazil-plans-regulatory-guillotine/
and I'm expecting a long process for the permit.

soots wrote: I understand what you are saying, medvic, but the Brasilian elections were held well before the Covid pandemic happened.  The DR is a much smaller economy and much more reliant on tourism (which is failing), so it has little choice but to promote mining as a tax generator.

You may be right about the hold-up, but I can't see the new President delaying very long before being forced to isse the permit.  He also needs to send out a clear message to business (particularly mining companies) that the DR understands and values their contribution to the economy.


Bullboard Posts