The Ministry of Industry and Commerce has granted GoldQuest a 725-hectare gold mining concession. The company announced yesterday, Thursday 9 January that the government had authorized the so-called Descansadero concession that is adjacent to its Romero Gold/Copper Project. The company has also commissioned a 3,000-line kilometer helicopter-borne geophysical survey covering its 100%-owned Tireo Project, that includes both the concessions that have been granted to the company and concessions that are under re-application.
“GoldQuest now has 6,750 hectares granted and 7,694 hectares pending, representing around 60 kilometers strike length of the highly prospective Tireo volcanic Formation, ” commented Julio Espaillat, GoldQuest’s CEO, “Geological knowledge and data from our Romero discoveries will provide valuable insight into further target selection, as we seek further gold and copper mineralization.”
http://online.wsj.com/article/PR-CO-20140109-904664.html