GQC: High-Grade Gold at Las Tres Palmes

HRA Journal (05/06/2010)
"GoldQuest Mining announced that a Spanish court had turned down an appeal by a rival bidder for the Toral zinc-lead-silver deposit it acquired from Lundin Mining. The deposit currently contains 5 million tons of 9% zinc, 6% lead & 45 g/t silver. GQC recently completed a financing to work on this and, as importantly to us, its wholly owned gold projects in the Dominican Republic. We had taken profits on a quick gain for GQC in 2007 after it spiked on delivering strong results from its massive sulphides project in the DR. We may accumulate some GQC ahead of the gold testing in the DR. Drilling has begun there on the Las Tres Palmes project. This was part of the Goldfields JV and drilling there returned some impressive holes. The question of how much scale potential there is remains unanswered, but this drill program should give a good indication. It's worth accumulating now that drilling has started since there is potential for the sort of good high-grade gold intersections that have generated attention and volume for many other explorers recently."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: