Overview

Mine Type	Underground
Stage	Permitting
Commodities	Gold Copper Silver Zinc
Mining Method	Sub-level stoping Mechanized Cut & Fill Overhand Cut & Fill Underhand Cut & Fill Longhole stoping
Backfill type	...
Mine Life	...
Snapshot	In October 2015, GoldQuest submitted an Exploitation Application to advance the 100% owned Romero Project in the Dominican Republic. The Company received notification in January 2018 that the Minister of Energy and Mines ("MEM") of the Dominican Republic has approved GoldQuest's Exploitation Permit Application. The Application has been sent to the President for ratification, which is required prior to receiving the final Exploitation Permit. As of September 30, 2022, the Company has not received the Exploitation Permit nor clarification from the Dominican Republic’s government on any timeframe for receipt of the Exploitation Permit.
Latest News	GoldQuest Completes C$8.7 Million Private Placement     November 20, 2024

Deposit type

• Epithermal
• Breccia pipe / Stockwork

Summary:

Romero is located on the south side of the Central Cordillera of Hispaniola and is hosted by the Cretaceous-age Tireo Formation volcanic rocks and limestones, which formed in an island arc environment. The deposit geology is a relatively flat lying sequence of intercalated subaqueous, intermediate to felsic volcanic and volcaniclastic rocks and limestones on the west side of thick rhyolite flows or domes. Mineralization is relatively stratabound and flat lying and is mainly hosted by a dacite breccia tuff.

Mineralization outcrops in a number of places were eroded by rivers and streams, and continuity under barren cap rock has been demonstrated by drilling. Hydrothermal alteration and gold mineralization can be traced for over 2,200 m from Romero to Romero South and beyond to the south.

The thickness of the altered dacite tuff breccia horizon is up to about 65 m at Romero South and up to more than 200 m (open) at Hondo Valle and Romero. The mineralized horizon is capped by limestone or dacite to andesite lavas.

Mineralization is intermediate sulphidation epithermal in style. The mineralization is associated with quartz-pyrite, quartz-illite-pyrite and illite-chlorite-pyrite alteration. Alteration is generally strongest in the upper part of the mineralized zone and decreases in intensity with depth. Gold mineralization is associated with disseminated to semi-massive sulphides, sulphide veinlets and quartz-sulphides. The sulphides comprise pyrite with sphalerite, chalcopyrite and galena. Oxidation is shallow, to a depth of 10 m to 15 m.

High grade mineralization at the Romero deposit takes the shape of vertically stacked sub-parallel irregular lenses which generally dip to the northeast at an average angle of 20°. Each lens ranges in thickness from 10 m to 40 m in the middle and generally tapers to zero width at the edges, but the continuity of the lenses in all directions is inconsistent. The spacing between lenses is also inconsistent and ranges up to 50 m. Generally, lower grade mineralization surrounds the higher grade lenses.

The strike length of the main portion of the mining resource is 430 m. Two smaller pods of high grade mineralization exist approximately 200 m along strike to the southeast of the main larger main economic body. The deepest mining level is 420 m below surface (680 m level) and the highest mining level is 85 m below surface (1,000 m level), meaning the total vertical extent of the mining resource is 320 m. Perpendicular to strike, the deposit is about 170 m wide.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Operational metrics

Personnel

Job Title	Name	Phone	Profile	Ref. Date
.......................	.......................	...........		Jan 19, 2024

Total Workforce	Year
......	2016