GoldQuest Mining Corp. (TSXV:GQC) reported the results of the second hole drilled on the Romero discovery at Las Tres Palmas in Mexico.
As quoted in the press release:
The highlights of Hole LTP 92 were 159 metres grading 4.45 g/t gold from 212.5 metres to 372 metres, including a sub interval of 75.5 metres grading 9.01 g/t gold and 1.06% copper. A higher horizon from 120 metres to 144 metres returned 24 metres grading 7.5 g/t gold and 0.86% copper. The hole was continued until the portable drill rig could drill no further and was terminated at 399 metres. Gold was present from 24 metres to the bottom of the hole, with certain horizons displaying enrichment in gold and base metals.
CEO of GoldQuest, Julio Espaillat, commented:
Results from hole LTP 92 are a significant addition to our understanding of the Romero mineralization, and extends at depth 138 metres below the initial discovery hole. The two drill rigs have completed holes 93, 94 and 95 and drilling of 96 and 97 is in progress. Deep drilling with portable rigs is slower than normal, but is providing us valuable insight to the geometry of the deposit.