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Wednesday, October 18, 2017 Derek Macpherson

GQC Continues to Expand Cachimbo

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GoldQuest Mining Corp. (TSXV:GQC) has reported assay results for 8 drill holes from its recently discovered Cachimbo deposit. Results were highlighted by hole TIR-17-44 which returned 21.0 m at 7.86 g/t Au, 39.6 g/t Ag, 0.17% Cu and 1.81% Zn (10 g/t AuEq) within a wider interval of 59.5 m at 3.27 g/t Au, 18.94 g/t Ag, 0.07% Cu and 0.73% Zn (4.4 g/t AuEq). These results continue to grow the deposit (Figure 1) and we believe this has the potential to be a second significant deposit within the company’s district scale Tireo project. GoldQuest currently trades approximately at a slight discount to peers at $26/oz (peers $32/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with permitting updates at Romero to likely be important catalysts for the stock.  read more


Tuesday, September 12, 2017 Derek Macpherson

GQC Identifies 6 New Targets S-E of Cachimbo

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GoldQuest Mining Corp. (TSXV:GQC) provided an update regarding exploration activities on its Tireo Concessions. The company recently identified 6 new targets (Figure 1) to the south-east of the Cachimbo Discovery which is along the same trend as its Romero and Romero South deposits. The targets are being further defined with mapping, deep IP sections and soil sampling with future drilling in mind. Results from four holes are pending at Cachimbo, which remains open in all directions. The recent update from the Ministry of Energy and Mines in the Dominican Republic does not impact the Cachimbo discovery and the company remains well-funded to support exploration activities. GoldQuest currently trades at a slight discount to peers at $24/oz (peers $31/oz). We continue to believe that the current valuation does not fully reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with follow-up drilling at Cachimbo are likely to be positive future catalysts for the stock. read more


Monday, August 28, 2017 Derek Macpherson

GQC Expects Delays Converting Romero to an Exploitation Concession

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Along with releasing Q2 financial results GoldQuest Mining Corp. (TSXV:GQC) provided context on the recent update from the Ministry of Energy and Mines in the Dominican Republic regarding the granting of exploitation and exploration permits in the country. The Ministry has announced that no new exploitation concessions will be granted over the next 90 days and that no new requests for exploration concessions will be accepted over the next six months. While GoldQuest has no immediate need or plans to apply for new exploration concessions, it is in the process of converting its Romero concession from exploration to exploitation. In our view, this delay is unlikely to impact the final outcome of this conversion; however, the market may view this as increased uncertainty which may negatively impact GoldQuest's share price over the short term. We highlight that this does not impact the company’s recent Cachimbo discovery (on an exploration concession) and with a reported cash balance of C$25.7 million the company is well funded to advance this discovery. GoldQuest currently trades approximately in line with peers at $30/oz (peers $29/oz). We continue to believe that the current valuation does not fully reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with follow-up drilling at Cachimbo are likely to be positive future catalysts for the stock. read more


Thursday, August 10, 2017 Derek Macpherson

GQC Grows Cachimbo with the Drill Bit

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GoldQuest Mining Corp. (TSXV:GQC) reported results from an additional 4 holes drilled at the Cachimbo discovery within its Tireo Concessions, all of which successfully intersected gold in a VMS system (Figure 1). Results were highlighted by hole TIR-17-35 which intersected a second deeper zone grading 1.08 g/t Au, 1.68 g/t Ag, 0.01% Cu and 0.09% Zn over 46.6m, 160m southeast of the discovery hole (TIR-16-09). To note, hole TIR-17-33 was drilled 50m southeast of the discovery hole, while hole TIR-17-34 suffered a mechanical error, TIR-17-35 hit the target. Mineralization continues to remain open along strike, and down-dip of the discovery, exploration continues with the goal to uncover systems similar to Romero. Although early in the exploration stage, initial results are positive and point to the potential for a large-scale deposit. GoldQuest currently trades at $29/oz versus peers at $28/oz. We continue to believe that the current valuation does not fully reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with follow-up drilling at Cachimbo are likely to be positive catalysts for the stock. read more


Thursday, July 13, 2017 Derek Macpherson

GQC Results Similar to Cachimbo Discovery Hole

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GoldQuest Mining Corp. (TSXV:GQC) reported 4 drill results from the Cachimbo discovery within the company’s Tireo Concessions. Hole TIR-17-32 intersected 22.31 g/t Au, 52.81 g/t Ag, 3.10% Zn and 0.46% Cu (25.91 AuEq) over 2.7m within a wider interval. The hole is located 50m from the Cachimbo discovery hole TIR-16-09, announced in January of this year, noting similar grades and mineralization. In addition, hole TIR-17-30 intersected mineralization 100m east of the discovery hole, while the remaining two holes were immaterial and further work is required for the target. Early results are encouraging for the potential of a larger scale deposit. GoldQuest currently trades at $32/oz versus peers at $30/oz. We continue to believe that the current valuation does not fully reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with follow-up drilling at Cachimbo are likely to be positive catalysts for the stock. read more


Tuesday, June 06, 2017 Derek Macpherson

GQC Continues to Hit Gold at Cachimbo

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GoldQuest Mining Corp. (TSXV:GQC) reported 8 drill results from its ongoing ~10,000m drill program, targeting the Cachimbo discovery within the company’s Tireo Concessions (Figure 1). Results were highlighted by Hole TIR-17-28 which included an interval of 22.3 g/t Au, 76.8 g/t Ag, 10.7% Zn and 1.02% Cu over 0.3m. In our view, these results support the potential of the new discovery at Cachimbo; however, it remains early days and more work is needed to determine its scale and potential economic impact. The company plans to continue to drill test the area along strike to the southeast and northwest. The remaining results were from Mineros Ridge and Las Avispas, the company will be reviewing the results to determine the appropriate strategy. GoldQuest currently trades at 0.39x NAV and $31/oz versus peers at 0.52x NAV and $33/oz. We continue to believe that the current valuation does not fully reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with follow-up drilling at Cachimbo are likely to be positive catalysts for the stock. read more


Tuesday, April 18, 2017 Derek Macpherson

GQC's Team Additions Support Romero Development

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GoldQuest Mining Corp. (TSXV:GQC) has appointed Georges Boissé former Canadian Ambassador to the Dominican Republic (2012) as Special Advisor to the company and Robert Crowley former US Agency for International Development/US Department of Agriculture liaison as Corporate and Social Responsibility (CSR) Manager. We view the new additions to the management team positively as it supports the development of Romero, as the company continues to advance the project and moves through the permitting process. GoldQuest currently trades at 0.44x NAV and $37/oz versus peers at 0.54x NAV and $35/oz. We continue to believe that the current valuation does not fully reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with follow-up drilling at Cachimbo are likely to be positive catalysts for the stock. read more


Friday, March 31, 2017 Derek Macpherson

GQC’s Regional Exploration Reveals Two New Zones

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GoldQuest Mining Corp. (TSXV:GQC) released results from eight additional holes drilled as part of the ongoing minimum 10km regional program at the company’s wholly owned Tireo property in the Dominican Republic. These results were highlighted by the discovery of two new gold zones Mineros Ridge and Vaca Valley zones. Results from both zones, appear to be similar to the lower grade halo surrounding the 2.5M oz AuEq (23Mt at 3.35 g/t AuEq) Romero deposit. Although follow-up drilling is required to determine these new discoveries value, we view the results positively as it continues to highlight GoldQuest’s regional exploration potential. Recent exploration success, along with the strategic investment by Agnico Eagle (TSX:AEM) have helped close the valuation gap to peers. However, we continue to believe that the current valuation does not fully reflect GoldQuest’s exploration upside. read more

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