GoldQuest Reports New High-Grade Polymetallic Massive Sulphide Discovery at Cachimbo Target, Dominican Republic

The most recent news (March 23, 2026) reports a significant high-grade polymetallic discovery at the Cachimbo target in the Dominican Republic. Drill hole TIR-26-58 intersected 12.26m grading 2.52 g/t Au, 50.7 g/t Ag, 0.94% Cu, and 12.0% Zn. Within this, a high-grade core of 3.59m returned 17.63 g/t AuEq (5.74 g/t Au, 128.88 g/t Ag, 2.18% Cu, and 27.6% Zn). This discovery confirms a new parallel mineralized structure and represents the first major success at Cachimbo after a nine-year exploration hiatus.

• Exploration Success: This is a material positive development. The grades, particularly the zinc (27.6%) and gold equivalent (17.63 g/t), are exceptional for a greenfield target. It proves that the Tireo Belt holds high-grade VMS (Volcanogenic Massive Sulphide) systems outside of the main Romero deposit.
• Scale Potential: The identification of a "parallel structure" suggests the system is larger than previously modeled. This de-risks the "single-asset" profile of the company.
• Strategic Validation: The results justify the massive C$42M+ capital raises conducted in late 2025/early 2026. The market was looking for a discovery to justify the 538% share price appreciation in 2025; this result provides that fundamental backing.
• Operational Momentum: With three rigs active and geophysics (PD-IP) showing a strong correlation with mineralization, the probability of further discovery in the immediate term is high.

GoldQuest is focused on the Tireo Belt in the Dominican Republic. Its flagship is the Romero Project, an advanced gold-copper-silver-zinc deposit. - Romero Reserves: 1.1M oz AuEq at 3.72 g/t Au. - Economics (2016 PFS): US$203M NPV (5%) and 28% IRR at US$1,300 gold. Note: These economics are significantly outdated and likely much higher at current spot prices, though offset by inflation. - Cachimbo: Now the primary exploration focus, located south of Romero.