GQC, ARK, WM
If you go back a few years, it looked like Goldquest Mining aka GQC was a good spot, steadily advancing their Romero Au/Ag/Cu/Zn project in the Domincan Republic toward a production decision. But then they ran into local protests against the project, in the wake of which no more permits were granted, leaving them stuck in the water. The election of the most recent government, led by someone known to be pro-mining, was supposed to help, but so far there has been no progress. GQC recently brought in a CEO who is a DR national, and now they have fired a shot across the bows of the regulatory authorities and politicians with the publication of an official Gallup poll which they say means that 2/3 of the local community now supports them.
My quibble is that according to the PR those people were supporting continuing the environmental approval process rather than supporting the mine. We'll see what if any effect this poll has.
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Up till now, I have mentioned Arras Minerals aka ARK, recently spun out from SVB, only in passing because they were exploring large Cu porphyries with a gold kicker in Kazakhstan. But now they can be included in these round-ups, at least as long as they are talking about gold discoveries of the type mentioned in this PR.
The results come from holes drilled 3.2km south of the main Cu/Au prospect on the Beskauga South prospect. The intercepts are long but low grade, e.g. 877.4m of 0.27 g/tvAu (0.24 g/t Au, & 0.24 g/t Ag), but within them are higher grade segments like 17.0m grading 2.53 g/t AuEq (2.49 g/t Au & 0.41 g/t Ag). Mind you, those higher grade intercepts deep, over 600m down, so they will need to find a lot more such intercepts to define anything worth mining.
Message 34213115
Wallbridge Mining aka WM released more drilling results from its Fenelon gold project in Quebec. They have already proved up a large resource, more than 5M oz Au if you combine Measured and Inferred, but with these results from the the Area 51, Tabasco and Contact zones, they continue intersect strong minerlaization beyond the resource envelope, mineralization that remains open in multiple directions.
There are few remaining assays from this most recent drill programme to be reported, but for now Wm has turned their attention to proving up satellite deposits around Fenelon, at which three wills are working, plus two more drills are working at the nearby Martiniere property to expand its resources.
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