The Romero Copper-Gold Discovery Dominican Republic

Transcription

1 The Romero Copper-Gold Discovery Dominican Republic December GoldQuestCorp.com

2 Forward Looking Statements Statements in this document, to the extent not based on historical events, constitute forward-looking statements. Forward-looking statements include, without limitation, statements regarding market and general economic conditions, exploration plans, and statements regarding future-oriented costs and expenditures. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect management s analysis only as of the date thereof. These forward-looking statements are estimates and are subject to certain risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties with respect to the company include the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with exploration, legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements. 2

3 GoldQuest Snapshot May 23, 2012 Announcement of Romero Discovery hole: 2.4g/t gold Discovery in the Dominican Republic (DR), mining friendly jurisdiction Experienced board & management with previous successful development in the DR $19M in treasury (as at Sept. 30, 2012) 3 Additional portfolio of mineral projects & investments

4 Steps to Romero Discovery 2001 : Exploration for gold began in Dominican Republic 2003 : GoldFields JV initiated and Escandalosa Discovered 2005 : Las Tres Palmas Concessions granted : San Juan Valley exploration focus 2009 : Agreement to purchase GoldFields interest signed 2010 : Concessions expired and renewed as La Escandalosa 2011 : IP Survey : Romero Discovery 4

5 Dominican Republic Focused N Dominican Republic Atlantic Ocean Central America Caribbean Sea Pacific Ocean South America 5

6 Dominican Republic Background Pro-mining & pro-foreign investment Well-established, competitive mining and tax code Long history of resource projects; Key industry for the DR economy Barrick / Goldcorp (Canada) Over $4 Billion investment at Pueblo Viejo (22M Oz Gold & 117.3M Oz Silver) First pour August 2012 Xstrata (Switzerland) Large scale Nickel Complex since 1971 Perilya (Australia) acquired Cerro de Maimon Copper/Gold mine for $180M GoldQuest (Canada) Las Animas NI Copper/Gold resource DOMINICAN REPUBLIC FALCONDO CERRO MAIMON 6

7 Regional Geology : Central Hispaniola Exploring the south-west margin of Tireo Group of volcanics Volcanics are Cretaceous age Dacite Breccias appear to be most favorable host 7 (Map from Escuder Viruete et al., 2008)

8 8 Regional Geology and Concessions

9 Romero Landscape Romero Hondo Valle 9

10 Las Tres Palmas Trend Hondo Valle Mineralization Includes: LTP g/t gold LTP g/t gold La Escandalosa Mineralization Includes: LTP g/t gold LTP g/t gold LTP g/t gold LTP g/t gold Inferred Resource: 3.1M 3.14 g/t gold, Containing 316,000 ounces of gold 1 By Micon International Limited, 2012 Induced Polarization (IP) geophysical program in yellow commissioned leading to 2012 drill program 1 See Press Release GoldQuest files updated Technical Report dated August 20, 2012 at 10

11 Chargeability and Conductivity Romero Escandalosa 11 Plan view of chargeable and conductivity response at 280m below surface from 2011 IP Survey

12 Chargeability at Romero W-E Section through Romero displaying chargeable response and drill hole traces from 2011 IP Survey 12

13 13 Romero Drilling to date

14 14 Current Drilling at Romero Discovery

15 Hole LTP-93 : High Grade Interval 138 to 150 = 12m@26.4g/t Au &1.59% Cu Sample D to 140.0m 9.9g/t Au and 1.46% Cu) Sample D to 142.0m 15.7g/t Au and 2.31% Cu) Sample D to 144.0m 25.7g/t Au and 1.39% Cu) 15

16 16 Where next?

17 Drilling to Test Full IP Anomaly B B N Romero Depth: 50 to >550m 2.5km Target Area Limited Shallow Drill Coverage IP Survey Chargeability at 280m depth La Escandalosa Sur Outcropping: Inferred Resource: 3.1M 3.14 g/t gold,

18 North of Escandalosa Drilling appears to have stopped short at La Escandalosa Romero Line 1600N 18

19 19 LTP Mag and IP

20 20 Gold Samples with Ground Mag

21 21 Copper Samples with Ground Mag

22 22 Phase 2 IP at Las Tres Palmas

23 23 Gold : Surface Samples

24 24 Copper : Surface Samples

25 Next Steps Step-out and deep drilling at Romero discovery Drill Las Tres Palmas IP targets On-going IP Survey starting Q to investigate complete Tireo land package Keep drilling best targets A GREAT START! Sample D m 288g/t Gold and 5.6% Copper 25

26 Contact Details Julio Espaillat President and CEO New Office: GoldQuest Mining Corp 155 Wellington Street West Suite 2920 Toronto, ON Sebastian de Kloet Manager Investor Relations

27 GoldQuest Directors & Management Bill Fisher Executive Chairman 30+ years experience in the mining industry GlobeStar (CEO), Aurelian (Chairman), Boliden AB (VP Exploration) Julio Espaillat Chief Executive Officer 30+ years experience in the mining industry GlobeStar (Country Manager), Falconbridge (Executive) Paul Robertson Chief Financial Officer 15+ years experience in mining and finance Chartered Accountant Grayd Resources (CFO) Patrick Michaels Non Executive Director Financier Background in corporate finance Florian Siegfried Non Executive Director Financier Accounting professional 27