GoldQuest Mining Corp. Achieves Key Environmental Milestone for Romero Project Advancement
- GoldQuest Mining Corp. received official Terms of Reference, initiating the Environmental Impact Assessment for the Romero Project.
- The Romero Project aims to produce copper concentrate, emphasizing sustainable mining practices and environmental performance.
- GoldQuest has secured funding and appointed AECOM to lead the EIA, positioning the project for responsible development.
GoldQuest Mining Corp. Advances Romero Project with Key Environmental Milestone
GoldQuest Mining Corp. (TSX-Venture Symbol: GQC) reaches a significant milestone in its flagship Romero Project with the receipt of the official Terms of Reference (ToR) from the Ministry of Environment and Natural Resources of the Dominican Republic. This development is critical as it marks the initiation of the Environmental Impact Assessment (EIA) process, a necessary step for securing an environmental license for the proposed underground mine located in the San Juan Province. The Romero Project aims to produce a copper concentrate enriched with gold and silver, utilizing both conventional processing methods and advanced technologies to enhance operational efficiency while prioritizing environmental performance.
The ToR allows GoldQuest to commence a comprehensive environmental study, categorizing the Romero Project as a Category A project under environmental law. This classification requires rigorous adherence to environmental standards and practices, ensuring that the project aligns with best practices on a global scale. To facilitate this process, GoldQuest has appointed AECOM, a renowned environmental consulting firm, to lead the EIA. The infrastructure plan for the Romero Project includes the construction of an access road, a processing plant, a filtered tailings storage facility, and a 69 kV power line connection to the national grid, all of which are essential for the responsible development of the project.
CEO Luis Santana underscores the importance of the ToR in advancing the Romero Project responsibly, highlighting the company's commitment to sustainable mining practices. Meanwhile, Chairman Frank Balint expresses confidence that the Romero Project can serve as a benchmark for modern mining operations in the Dominican Republic, ultimately benefiting local communities and contributing positively to the economy. With adequate funding secured to progress the project, GoldQuest is well-positioned to enhance its mineral exploration and development efforts in the region.
In addition to the advancements in the Romero Project, GoldQuest Mining Corp. experienced a trading halt on June 11, 2025, as mandated by the Canadian Investment Regulatory Organization (CIRO). This temporary suspension, which lasted until the following day, was enacted to ensure a fair and orderly market as investors awaited significant news from the company. The trading resumption illustrates a return to normalcy for stakeholders, reinforcing CIRO's commitment to maintaining market integrity.
As GoldQuest moves forward with its environmental assessment and project development, the mining sector in the Dominican Republic watches closely, recognizing the potential implications for both local economies and sustainable mining practices. For more information, stakeholders are encouraged to visit GoldQuest's website at www.goldquestcorp.com.