Tony Barresi, Ph.D., P.Geo., QuestEx's President, a Qualified Person within the meaning of NI 43-101, has reviewed and approved the technical information in this news release. North ROK, which hosts a porphyry copper-gold deposit ( North ROK Inferred Mineral Resource) that contains 1.19 million ounces gold and 690 million pounds copper, andĬoyote, which borders Newcrest's Red Chris property and includes part of the Red Chris access road. QuestEx's mineral tenures include:Ĭastle, which adjoins both Newcrest's GJ property and Newmont's Tatoggoa property and is along trend of Newmont's Saddle North copper gold deposit,
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QuestEx's 100% owned 40,452 ha land package (Figure 1A) in the Red Chris district borders the Red Chris property and mine, 70% of which was acquired by Newcrest from Imperial Metals for US$804 million in 2019, as well as the GJ property, which Newcrest purchased from Skeena Resources in 2020. QuestEx has been actively exploring the KSP property and intends to release an inaugural National Instrument (" NI") 43-101 Mineral Resource Estimate for the Inel gold system, which is located on KSP, in Q1, 2022. The properties are surrounded by some of the most important past and current mining and development projects in British Columbia including Eskay Creek, Snip, Johnny Mountain, Brucejack, Kerr, Sulphurets, Mitchell and Iron Cap. QuestEx's 100% owned, 64,000 hectare (" ha") land package (Figure 1B) in the Sulphurets district includes the contiguous KSP and Kingpin properties, which span approximately 60 kilometres from the McLymont Creek access road and hydroelectric projects, southwards, nearly to the past producing Granduc copper mine, which was accessed by road from the deep-water port town of Stewart. We consider QuestEx one of the most strategically situated companies within the Golden Triangle to potentially benefit from future consolidation."Ībout QuestEx's Properties in British Columbia's Golden Triangle
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QuestEx has a 100% ownership interest in one of the largest and most prospective land packages within the Golden Triangle, with mineral tenures covering approximately 64,000 hectares in the Sulphurets district, close to Pretium's Brucejack mine, and 40,400 hectares in the Red Chris district. As interest in the Golden Triangle continues to grow amongst the world's largest mining companies, we anticipate an increased pace to district consolidation. Joe Mullin, QuestEx's CEO comments: " Within the last 9 months, Newcrest, Hochschild Mining and Newmont Corporation (QuestEx's largest shareholder), have increased their holdings within British Columbia's prolific Golden Triangle.
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QuestEx Gold & Copper's Properties in the Golden Triangle (CNW Group/QuestEx Gold & Copper Ltd.)