RCKS talk

Friday, November 17, 2017 Derek Macpherson

GQC Granted Exploration Licenses

Download Report  

GoldQuest Mining Corp. (TSXV:GQC) announced it has been granted two new exploration licenses, Tocon de Pino and Hoyo Prieto, from the Ministry of Mines and Energy of the Dominican Republic. The exploration licenses are located in the centre of the Dominican Republic, noting Tocon de Pino is 4km east of the company’s Cachimbo discovery. However, the decision regarding the exploitation license for Romero is still pending. GoldQuest currently trades at a slight discount to peers at $17/oz (peers $27/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package, as demonstrated by the Cachimbo discovery. We expect continued exploration drilling, along with permitting updates at Romero to be important catalysts for the stock.  read more


Sunday, October 29, 2017 Derek Macpherson

GQC Hits More High-Grade at Cachimbo

Download Report  

GoldQuest Mining Corp. (TSXV:GQC) has reported assay results from its most recent drill hole and lower portion of a previously completed drill hole at Cachimbo. Hole TIR-17-45 intersected 26.57m of 4.2 g/t AuEq (3.36 g/t Au, 21.55 g/t Ag, 0.03% Cu, 0.11% Pb and 0.55% zinc) in the eastern part of this recent VMS discovery (Figure 1). This is within a wider interval of 94.56m of 1.88 g/t AuEq (1.59 g/t Au, 8.39 g/t Ag, 0.01% Cu, 0.04% Pb and 0.16% zinc). This is very similar to hole TIR-17-44, which was 21.00m at 10.2 g/t AuEq within a wider interval of 124.77m at 2.62 g/t AuEq (lower portion of released with these results). In our view, these results continue to grow the Cachimbo discovery and because of their near surface nature suggest the potential for either an open-pit or underground target. Cachimbo is turning into a significant complimentary discovery to the feasibility stage Romero deposit, both within the company’s district scale Tireo project. GoldQuest currently trades at a slight discount to peers at $21/oz (peers $30/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package, as demonstrated by the Cachimbo discovery. We expect continued exploration drilling, along with permitting updates at Romero to be important catalysts for the stock.  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

Download Report

On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


Wednesday, October 18, 2017 Derek Macpherson

GQC Continues to Expand Cachimbo

Download Report

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

Download Report

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

Download Report  

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

Download Report  

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

Download Report

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


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.