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Bullboard - Stock Discussion Forum 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... see more

TSXV:GQC - Post Discussion

Goldquest Mining Corp > Perfect chance for GQC! GLTA!
View:
Post by Katoriff1 on Jul 25, 2023 7:43am

Perfect chance for GQC! GLTA!

The mining adviser to the Executive Branch, assured that the Romero project of the Swiss-Canadian Gold and Quest Company, in San Juan de la Maguana, has the ideal conditions to carry out a “model, environmentally friendly mining in the Dominican Republic and the world”.

The engineer Miguel Pea said that "this Romero site has been misinterpreted, requested by a large part of San Juan society, due to the lack of socialization."

He said that this deposit has the ideal conditions for a model underground mine

 

Pea explained that it can be a model, because it is located precisely in an extractor at a depth of about 200 meters deep, where the casing rock is a sealed volcanic rock, where there is no percolation of water and in a place where hydrogeology has a "very robust" behavior.

It may interest you to read: 67.7% of San Juan approves environmental impact studies in the Romero project, according to Gallup

In the same way, he said that due to the aforementioned, there is no way that in said place there is a structural dilution in the operational part of the mine or that there can be drilling from the surface towards the mine, once operations are carried out.

In another sense, the mining expert said that the La Rosario mine, which failed in its operations and productivity, today has become one of the most productive entities for the national economy.

Regarding whether in some regions of the country there is the possibility of finding hydrocarbons, the expert in the field of mining maintained that in the southern zone, specifically, in the provinces of Azua and San Juan de la Maguana, there is potential for hydrocarbons in these geological faults, highlighting that studies by some specialists from the city of Texas, USA, confirm this by carrying out various models in this regard.

The expert referred to the term "Rare Earth" which is no more than those places in the world, barely four, where all or most of the elements that are located on the sixth line of the Periodic Table appear, because they are oxides that have very specific compositions along the lines of Los Lantanidos.

Comment by dmocnik@gmail.com on Jul 25, 2023 10:16am
Miguel Pea is the  mining adviser to President Abinader and has made public some surely good arguments for the Romero project to be activated! I hope that the DR Media will  spread this good news all around!
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