Here is what you are buying into,
Zopilote, Honduras -- Gold Prospect. Through wholly-owned Aurora Exploracion
(Honduras) S. de R.L. Quest holds 5 exploration permits and 2 exploitation
concessions in Honduras, including gold, silver, lead & zinc resources. Preliminary
drill-indicated resource on Zopilote Exploitation concessions was 211,000 oz gold
with an initial Mineable resource of 157,000 oz gold. Joint venture with Echo Bay
Mines resulted in the identification of five new target areas. A 23-hole program was
completed in January 1998. The results, published in the April 14, 1998 press
release, show a current resource of 400,000 oz Au. It is expected that this deposit
could contain over one-million ounces of gold. Based on favorable road cut samples,
an application has been filed to expand the property an additional 22 square miles
to a total of 60 square miles. Quest is currently seeking a joint venture partner in an
effort to advance this property towards production.
Damoti Lake, Northwest Territories -- Gold prospect, 100% interest in 11,443 ac,
Damoti Lake property, 90 mi N of Yellowknife, NT. 371,000 oz Au Proven, Probable
& Possible in Horseshoe zone additional drill indicted geological potential of
680,000 oz Au within initial drill area. Permitting and mining leases in process,
pre-feasibility study underway. Mining leases and water permits applied for.
Geological potential resource 1,135,000 oz gold in 4 separate zones & within 300 ft
of surface. New high-grade intercepts at 800 to 900 feet, Zones remain open at
depth and along strike.
This is sure no short term get rich deal, the 1998 annual report stated they have over 5,500 stockholders.
that is a great start to raise money right there. !!!
stock with warrants that trade,
bid .15 ask .25
( old Quest, bid .03 ask .05 ) still keeps on ticking. |
