GQC SP jumped 20% to 0.445 @ vol: 829k shares.

G&M article. For complete release check link below.

goldhunter

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Press release from Marketwire

GoldQuest Reports 34.0 m Grading 10.94 g/t Gold and 1.87% Copper (Gold Equivalent of 14.01 g/t) at Romero from In-Fill Drilling

Tuesday, July 09, 2013

GoldQuest Reports 34.0 m Grading 10.94 g/t Gold and 1.87% Copper (Gold Equivalent of 14.01 g/t) at Romero from In-Fill Drilling

06:00 EDT Tuesday, July 09, 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2013) - GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) ("GoldQuest" or the "Company") announces assay results from three drill holes, two in-fill and one step-out, at the Company's 100% owned Romero Discovery along the Las Tres Palmas trend in the Dominican Republic. The in-fill holes were the first two from a four hole program at Romero to increase the confidence of the data in advance of any NI 43-101 resource estimate. One of the two in-fill holes, LTP-140, has the longest mineralized intercept of all the drilling at Romero to date, with over 269 metres of gold and copper mineralization.

The two in-fill holes are part of an on-going in-fill drill program planned in consultation with the Company's external Qualified Person (QP), B.T. Hennessey, P.Geo., of Micon, to provide increased confidence in the continuity of the gold and copper mineralization as well as increased data density. The addition of the two in-fill holes provides approximately 30 metre drill hole spacing in an area of known mineralization. The holes are located 125 metres east of LTP-90, the original discovery hole at Romero.

Highlights of the in-fill holes include:

• LTP-140 which contained 269.35 metres grading 2.35 g/t gold (uncut) and 0.56% copper
  • Including 32.0 metres grading 9.95 g/t gold and 1.58% copper
• LTP-143 which contained 215.76 metres grading 2.54 g/t gold and 0.60% copper
  • Including 34.0 metres grading 10.94 g/t gold and 1.87% copper

"LTP-140 has returned the longest gold/copper intersection to date at Romero," commented GoldQuest CEO, Julio Espaillat. "We are especially encouraged by the core zones of ten gram per tonne gold along with high grade copper mineralization of over thirty metres in both holes."

The results from the three new holes, two in-fill and one step-out, are summarized in the table below:

Hole_ID	From (m)	To (m)	Interval (m)	Gold (g/t) uncut	Copper (%)	Gold (g/t) 50 g/t top cut-off	Gold Equivalent*
LTP-138	129.85	164.69	34.84	0.53	0.05	0.53	0.61
and
210.00	243.47	33.47	0.62	0.03	0.62	0.67
LTP-140	127.00	396.35	269.35	2.35	0.56	2.12	3.27
including
246.00	278.00	32.00	9.95	1.58	9.95	12.54
LTP-143	118.00	333.76	215.76	2.54	0.60	2.54	3.52
including
150.00	184.00	34.00	10.94	1.87	10.94	14.01

* Gold equivalent values calculated using a 3-year trailing average price of $1550 US/ounce for gold and $3.71 US/pound of copper as of June 30, 2013. No adjustment has been made for metallurgical recovery, as these remain uncertain at this time. Gold Equivalent formula: AuEQ g/t = [(Cu% x 22.0462 x 3.71)/(1550/31.1035)]

The in-fill holes are drilled at an azimuth of 200 degrees with LTP-140 at a dip of 80 degrees and LTP-143 at a dip of 70 degrees. Both were targeting an area which is beneath a steep slope and cannot be accessed by vertical holes. Hole LTP-138 is a vertical hole, approximately 200 metres north-west of the discovery hole LTP-90. The mineralized intervals do not necessarily represent true-widths of the mineralized body. A 50 g/t top cut-off was applied to the gold grade. A bottom cut of 0.15 g/t gold was used and samples below this value were assigned a 0 g/t value.

A plan map showing the hole locations for all holes drilled to date can be found at: http://goldquestcorp.com/images/press_release/Las_Tres_Palmas_Plan_Map_July_2013.jpg

A cross-section showing holes LTP-140 and LTP-143 can be found at: http://goldquestcorp.com/images/press_release/Romero_Cross_Section_July_2013.jpg

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http://www.theglobeandmail.com/globe-investor/news-sources/?date=+20130709&archive=ccnm&slug=201307090885343001