GoldQuest Welcomes New CEO & Director – Dominican Citizen
02 Septembre 2022 - 2:00AM
GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is
pleased to announce that Mr. Luis Santana Pereyra today took up his
position as Chief Executive Officer (“CEO”) and Director of the
Company. Mr. Santana will be based in Santo Domingo and will
initially be responsible for achieving the Romero Project
Exploitation License (the “Permit”) in the San Juan Province of the
Dominican Republic and supervising exploration and environmental
studies.
Luis is a Citizen of the Dominican Republic and is a Qualified
Engineer with more than 25 years of experience in mining and
mineral processing. Luis has an impressive history having worked
with Glencore – Falcondo and Altonorte Mines in Dominican Republic
and Chile, BHP Billiton – Olympic Dam Mine in Australia, Barrick –
Pueblo Viejo Mine in Dominican Republic, Barrick & Shandong
Gold – Veladero Mine in Argentina and most recently as CEO for
Shandong Gold/Cardinal Resources Namdini Gold Project in Ghana.
“I am pleased to welcome Luis to lead our Company from Santo
Domingo.” Commented Bill Fisher, Chairman of GoldQuest, “This
should send a clear message to the Dominican Republic of our
commitment to the country. Combining Luis’s outstanding
international career, we look forward to advancing our in-country
studies, whilst re-establishing strong relationships with the
international investment community. I would like to thank David
Massola for his years of dedicated service as CEO and wish him well
in his future endeavors.”
“I am thrilled to be given the opportunity to advance the
substantial Romero project and the highly prospective surrounding
gold exploration portfolio in my home country,” commented Mr
Santana, “I have every confidence that this administration will
shortly issue our exploitation license, allowing the Company to
begin the thorough and detailed Environmental and Social studies in
collaboration with the Ministry of Environment. I am looking
forward to re-establishing the Company’s Dominican workforce, which
in the past has numbered hundreds of workers, and guiding the
process to demonstrate how modern and responsible mining and
development can be executed in partnership with both the local
population with respect for the environment.”
Mr. Massola’s last day as CEO was August 31, 2022 and he will
assist in an orderly transition. He commented “I have been involved
in the Dominican Republic since 2005, having participated in all
aspects of the country’s mining sector. I leave many Dominican
friends and colleagues and wish the Company all success in the
future as it moves forward.”
About GoldQuest:
GoldQuest is a Canadian based mineral exploration and
development company with projects in the Dominican Republic.
GoldQuest is traded on the TSX‐V under the symbol GQC and in
Frankfurt/Berlin with symbol M1W. The Company is well funded to
carry out exploration programs and to advance the development of
its Romero gold/copper discovery, also located in the Tireo
Formation of the Dominican Republic.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Forward‐looking statements:
Statements contained in this news release that are not
historical facts are forward‐looking information that involves
known and unknown risks and uncertainties. Forward‐looking
statements in this news release include, but are not limited to,
statements with respect to the engagement and services to be
provided by the Company’s new CEO, the Company obtaining the
Permit, the Company’ Romero Project, the merits of the Company's
mineral properties, future programs and studies, and the Company's
plans and exploration programs for its mineral properties,
including the timing of such plans and programs. In certain cases,
forward‐looking statements can be identified by the use of words
such as "plans", “looks forward”, "has proven", "expects" or "does
not expect", "is expected", "potential", "likelihood", "appears",
"budget", "scheduled", "estimates", "forecasts", "at least",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "should",
"might" or "will be taken", "occur" or "be achieved".
Forward‐looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward‐looking statements. Such risks
and other factors include, among others, risks related to economic
and political conditions globally and in the Dominican Republic;
the COVID-19 pandemic, including measures taken and that may be
taken to attempt to reduce the spread of COVID-19, employee and
contractor health, safety and availability, availability of
materials and equipment, travel restrictions, and other risks and
uncertainties related to the pandemic; uncertainties inherent in
drill results and the estimation of mineral resources; commodity
prices; changes in general economic conditions; market sentiment;
currency exchange rates; the Company's ability to continue as a
going concern; the Company's ability to raise funds through equity
financings; risks inherent in mineral exploration; risks related to
operations in foreign countries; future prices of metals; failure
of equipment or processes to operate as anticipated; accidents,
labor disputes and other risks of the mining industry; delays in
obtaining governmental approvals; government regulation of mining
operations; environmental risks; title disputes or claims;
limitations on insurance coverage and the timing and possible
outcome of litigation. Although the Company has attempted to
identify important factors that could affect the Company and may
cause actual actions, events or results to differ materially from
those described in forward‐looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward‐looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, do not place undue
reliance on forward‐looking statements. All statements are made as
of the date of this news release and the Company is under no
obligation to update or alter any forward‐looking statements except
as required under applicable securities laws. Forward‐looking
statements are based on assumptions that the Company believes to be
reasonable, including expectations regarding mineral exploration
and development costs; expected trends in mineral prices and
currency exchange rates; the accuracy of the Company's current
mineral resource estimates; that the Company's activities will be
in accordance with the Company's public statements and stated
goals; that there will be no material adverse change affecting the
Company or its properties; that all required approvals will be
obtained and that there will be no significant disruptions
affecting the Company or its properties.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
CONTACT INFORMATION |
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GoldQuest Corp |
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Info@goldquestcorp.com |
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Luis Santana, CEO (Santo Domingo) |
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Ph.+1 829 919 8705 |
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Office of the Chairman (Toronto) |
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Ph. 416 583 5606 |
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