Replies to post #28114 on Value Microcaps Junior Miners

[kozuh]

Major Gold discovery in Dom. Rep. ... !!!

GoldQuest Reports Drilling Results From the Dominican Republic Hole LTP 90: 231 Metres Grading 2.4 g/t Gold Including 160.3 Metres Grading 2.9 g/t Gold and 0.62% Copper

Goldquest Mining Corp.
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VANCOUVER, BRITISH COLOMBIA--(Marketwire -05/23/12)- GoldQuest Mining Corp. (GQC.V)(M1W.F)(M1W.BE) is pleased to announce results from a 15 hole drill program at its 100-percent-owned Las Tres Palmas project.

The most northerly hole, LTP 90, tested a new geophysical target and discovered the Romero gold and copper sulphide mineralization. The mineralization is open in all directions, and the vertical hole was mineralized from 33 metres below surface to 264 metres returning 231 meters grading 2.4 g/t gold. The discovery hole contains a low copper section from 33 m to 103 m, 70 metres grading 1.3 g/t gold and 0.04% copper, immediately followed by 160 m grading 2.9 g/t gold and 0.62% copper from 104 m to 264 m. where the hole was terminated within mineralization for technical reasons.

"Hole LTP 90 at Romero is a remarkable drillhole, signaling a new gold discovery in the Dominican Republic's emerging Upper Tireo gold belt. We are especially pleased to see significant copper associated with the gold, and look forward to further drilling shortly," commented Julio Espaillat, GoldQuest's CEO. "The discovery is a tribute to the multidisciplinary approach employed by GoldQuest and the systematic work done by the complete team."