GoldQuest Mining Corp. reported assay results from the latest seven drill holes from its Cachimbo Discovery located within the Company's 100% owned Tireo Concessions in the Dominican Republic. Mineralization at Cachimbo remains open in all directions. The Company's 50-km-long land package also hosts multiple targets areas and the multi-million-ounce gold/copper Romero Project, 22 km to the north-west, which this week received approval from the Ministry of Mines for a 75-year Exploitation License. Several holes display a repetitive characteristic at Cachimbo which include higher grade near surface intervals within very broad (over 100m) intervals of lower grade mineralization below, characteristics suggestive of deposition below or at the paleo seafloor. Highlights include hole TIR-17-50, a step-out to the east of previous drilling, encountering a broad anomalous gold intersection from 55.6 m to 203.7 m downhole of 148.1 m grading 0.82 g/t gold, containing sub intervals of 5.05 m @ 8.4 g/t gold and 20.3 m @ 1.74 g/t gold, with the last assay at the bottom of the hole returning 1.8 m @ 1.58 g/t gold.