GoldQuest Commences 2025 Drilling Program at Romero Gold-Copper Project, Dominican Republic

Executive Summary

• GoldQuest Mining Corp. has launched its 2025 drilling program at the Romero Gold‑Copper Project, marking the first drilling there since 2018.
• Hole LTP‑171 has reached 220 m targeting metallurgical testwork; a second rig will begin additional metallurgical holes this week, and a third rig is slated for a 5,000‑m greenfield program at the Cachimbo target in early November.
• Comprehensive technical work—including structural analysis, geophysics, and 3D modelling—has been completed or is near completion to de‑risk both brownfield (Romero) and greenfield targets across the Tireo Belt.

Key Details

• Drilling Progress: Hole LTP‑171 at Romero reached a depth of 220 m, focusing on metallurgical sampling for development studies.
• Additional Rigs:
• Rig 2 – mobilized, to start further metallurgical drill holes later this week.
• Rig 3 – will be moved to the Cachimbo target to commence a 5,000‑m greenfield exploration program in early November.
• Technical Milestones (Completion %):
• Romero Structural Analysis – 100% (relogging & mapping completed).
• Romero Geophysics – 75% (downhole magnetic data done; ground lines and 3D inversion ongoing).
• Cachimbo Geological Model – 100% (reinterpretation finished, 3D model under development).
• Greenfields Mapping & Trenching – 50% (62 trenches completed with gold assays; further trenching underway).
• Strategic Objectives: Advance Romero mineral resource and test high‑priority greenfield targets across the Tireo Belt to de‑risk the project and create shareholder value.
• CEO Comment: Luis Santana emphasized that the drilling program “executes on both our development and exploration objectives for the year” and strengthens geological understanding, thereby reducing risk.

Notable Quotes

“With drilling now underway at Romero, we are executing on both our development and exploration objectives for the year. Our team's recent work has strengthened our geological understanding and refined our gold‑copper exploration targeting across the Tireo Belt.” – Luis Santana, CEO