NewsWhore
03-20-2012, 04:40 PM
The Gold Quest Mining Corporation is carrying out explorations in San Juan de la Maguana and Jarabacoa, areas where they have found gold, copper, silver and zinc, using Dominican labor. The Diario Libre says that the company has invested over US$4 million up until now in San Juan de la Maguana and over US$5 million in Jarabacoa, and in other parts they have invested more than US$4 million, for a total investment of some US$14 million. The investment is 70% Canadian and 30% European.
The majority of the mining investments in the Dominican Republic come from Canada. The Australian company Perilya has the environmental license to operate the Cerro de Maimon project since 2004.
The information was offered by Julio Espaillat, the president and CEO of Gold Quest, who said that the personnel that work in the explorations are Dominican.
He explained that they are researching areas of San Juan de la Maguana and in Jarabacoa and in the first they have decided that there is about 400,000 ounces of gold. He said that if that is all they find, there will be small projects like the one in Cerro de Maimon, although they still cannot predict anything, since they are in the investigative and exploration stage. He added that as a Canadian company they must take the greatest ecological care, which is to say that they must do everything within international parameters with respect to the environment.
"We have discovered very important areas that have permitted the investors and the directors of Gold Quest to feel an impulse to continue the explorations in the country," said Espaillat, in an interview in his office in the city of Toronto, in the building that houses the Toronto Stock Exchange.
Espaillat went on to say that in El Yugo, Jarabacoa, there is copper, zinc, gold and silver, and he was talking of 1.6 million tons of material in general, with 3% copper, 2 grams of gold per ton, 39 to 35 grams of silver per ton and 3.5% zinc.
He said he felt that this was less than was located in San Juan but the importance of the project is that it is close to the Cerro de Maimon, La Laguna and Pueblo Viejo, that there would be no need for a treatment plant since it would be processed in place.
Moreover, he said the model would be for an underground mine, which only goes after ore and does not bring out much waste.
In the case of San Juan, if there are only 400,000 ounces, the ideal thing would be to produce a concentrate on site and transport it to one of the existing plants, but if it is much bigger then that would justify a processing plant.
Meanwhile, local environmental groups are protesting the use of cyanide in the mining procedures that call for crushing, grinding, pressure oxidation, and CIL cyanidation at the Barrick Gold Pueblo Viejo mine.
http://www.goldquestcorp.com/country-info/dominican-republic/goldquest-in-the-dr.html
http://www.perilya.com.au/our-business/operations/cerro-de-maimon
http://www.barrick.com/GlobalOperations/NorthAmerica/PuebloViejoProject/default.aspx
http://salvatierrard.wordpress.com/
More... (http://www.dr1.com/index.html#12)
The majority of the mining investments in the Dominican Republic come from Canada. The Australian company Perilya has the environmental license to operate the Cerro de Maimon project since 2004.
The information was offered by Julio Espaillat, the president and CEO of Gold Quest, who said that the personnel that work in the explorations are Dominican.
He explained that they are researching areas of San Juan de la Maguana and in Jarabacoa and in the first they have decided that there is about 400,000 ounces of gold. He said that if that is all they find, there will be small projects like the one in Cerro de Maimon, although they still cannot predict anything, since they are in the investigative and exploration stage. He added that as a Canadian company they must take the greatest ecological care, which is to say that they must do everything within international parameters with respect to the environment.
"We have discovered very important areas that have permitted the investors and the directors of Gold Quest to feel an impulse to continue the explorations in the country," said Espaillat, in an interview in his office in the city of Toronto, in the building that houses the Toronto Stock Exchange.
Espaillat went on to say that in El Yugo, Jarabacoa, there is copper, zinc, gold and silver, and he was talking of 1.6 million tons of material in general, with 3% copper, 2 grams of gold per ton, 39 to 35 grams of silver per ton and 3.5% zinc.
He said he felt that this was less than was located in San Juan but the importance of the project is that it is close to the Cerro de Maimon, La Laguna and Pueblo Viejo, that there would be no need for a treatment plant since it would be processed in place.
Moreover, he said the model would be for an underground mine, which only goes after ore and does not bring out much waste.
In the case of San Juan, if there are only 400,000 ounces, the ideal thing would be to produce a concentrate on site and transport it to one of the existing plants, but if it is much bigger then that would justify a processing plant.
Meanwhile, local environmental groups are protesting the use of cyanide in the mining procedures that call for crushing, grinding, pressure oxidation, and CIL cyanidation at the Barrick Gold Pueblo Viejo mine.
http://www.goldquestcorp.com/country-info/dominican-republic/goldquest-in-the-dr.html
http://www.perilya.com.au/our-business/operations/cerro-de-maimon
http://www.barrick.com/GlobalOperations/NorthAmerica/PuebloViejoProject/default.aspx
http://salvatierrard.wordpress.com/
More... (http://www.dr1.com/index.html#12)