Romero

Romero project and base camp in Hondo Valle.

Good morning, investors, a few news releases of note on a quiet-ish day in the markets. Shares of Nevada explorer Nexus Gold are halted pending company news, but they won't be releasing it until tomorrow, chairman Alex Klenman confirmed in an email. The delay prompted some chatter in CEO Chat, but we'll see tomorrow.

GoldQuest (GQC-V)
GoldQuest has launched prefeasibility and feasibility studies on its 100%-owned Romero underground gold-copper project in the Dominican Republic. The PFS is scheduled to be completed in the second quarter of 2016 and the FS should be out by the end of the year. GoldQuest is fully funded for both studies after raising $3.5 million in a recent private placement that saw Goldcorp founder Rob McEwen become a 10% shareholder.

According to a 2013 resource estimate, GoldQuest's Romero and Romero South deposits host 2.381M AuEq ounces indicated and 790,000 AuEq ounces inferred (they also contain copper, zinc and silver). GoldQuest recently captured the market's attention with a nice intercept from PFS drilling: 224 metres at 4.8 g/t gold equivalent. Romero is a fairly compact deposit that will be relatively straightforward to mine, according to executive chairman Bill Fisher.

There is plenty of exploration upside at Romero and district potential with its nearby Tireo exploration project and an exploration alliance with Precipitate Gold. The same team, led by Fisher, built the Cerro de Maimon open-pit copper/gold mine in the Dominican, so they know about permitting and logistics.

The private placement included 11-cent units with an 18-cent half-warrant, and the stock is trading at 12.5 cents.

NR: GoldQuest launches feasibility studies for its Romero gold/copper project: Met-Chem selected as lead consultant

Integra Gold (ICG-V)
Integra Gold shares are trading down slightly this morning after the Quebec gold developer released an updated resource estimate on the Triangle Zone yesterday after market close.

Integra has one of the more active programs in the junior mining world, with 7 drill rigs active at the Triangle Zone drilling 8,000 to 10,000 metres a month. More assays are pending.

Highlights:
- Triangle Zone Indicated resources increased 21% from 520,630 gold ("Au") ounces to 627,810 Au ounces at an average grade of 7.37 grams/tonne ("g/t") Au (3.0 g/t Au cut-off grade)
- Triangle Zone Inferred resources increased 400% from 174,470 Au ounces to 871,530 Au ounces at an average grade of 6.89 g/t Au (3.0 g/t Au cut-off grade)
- Lamaque South total Indicated resources (includes Triangle, Parallel Zone, No. 6 Vein, No. 4 Plug, Sixteen Zone and Fortune Zone) increased 10% to 1,164,600 Au ounces at an average grade of 6.78 g/t Au (3.0 g/t Au cut-off grade)
- Lamaque South total Inferred resources increased 211% to 1,028,050 Au ounces at an average grade of 7.03 g/t Au (3.0 g/t Au cut-off grade).

NR: Integra Gold releases Triangle Zone resource estimate: Indicated resources increase 21% to 627,810 gold ounces and inferred resource increases 400% to 871,530 gold ounces

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