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QuestEx Gold & Copper announces drill results from 100% Sofia Property in prolific Toodoggone mining district British Columbia

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QuestEx Gold & Copper’s drilling on their 100% owned Sofia property has confirmed along-strike potential of the Quartz Lake gold-silver epithermal vein system and expanded the footprint of the Sofia porphyry copper-gold system.

Additional Information:

Company: QuestEx Gold & Copper
Website: http://www.questex.ca
Stock Symbol: TSXV: QEX
Date Published: Nov 30, 2021
Transcript: Available

Video Transcript:

I’m Ebony North for Investmentpitch Media

QuestEx Gold & Copper’s drilling on their 100% owned Sofia property has confirmed along-strike potential of the Quartz Lake gold-silver epithermal vein system and expanded the footprint of the Sofia porphyry copper-gold system.

The company has 100% ownership of one of the largest portfolios of mineral tenures in British Columbia's metal-rich Golden Triangle.

The portfolio includes the 312 square kilometre KSP property, which is surrounded by some of the most important past and current mining and development projects in British Columbia.

QuestEx intends to release a NI 43-101 mineral resource estimate in 2022 for the Inel gold system, located on the KSP property.

In the Red Chris mining district QuestEx's portfolio includes the Castle property, a porphyry copper-gold project, along with North ROK and Coyote

Other properties include Kingpin in the Golden Triangle, Sofia in the Toodoggone district, and Heart Peaks and Hit in other strategic districts within British Columbia.

The 2021 exploration program at the company’s 93 square kilometre Sofia property, included 1,611 metres of diamond drilling, with 5 holes totalling 776 metres targeting the Quartz Lake, low-sulphidation, epithermal vein system, 2 holes totalling 835 metres on related porphyry copper-gold systems, as well as follow-up and infill soil sampling consisting of 406 samples.

The current drilling was designed to test for an extension of the known mineralization along strike to the northwest, and to vertical depths greater than 100 metres.

Drill holes SF21-05 and SF21-06 successfully delineated an extension of the Quartz Lake veins along strike, 55 metres to the northwest of historical drilling.

These drill holes intersected numerous gold and silver mineralized veins, including the A and B veins previously defined by Stealth Minerals.

Drill holes SF21-03 and SF21-04 tested down dip extensions of the A and B veins at vertical depths greater than 100 metres.

In these holes the veins were intersected but resulted in lower-grade intersections of 1.11 g/t gold and 0.5 g/t silver over 1 metre from 169 to 170 metres and 0.93 g/t gold and 2.1 g/t silver over 1 metre from 222 to 223 metres in drill hole SF21-03.

SF21-07 was designed to test for a shallow down-dip extension of a historical intersection made near surface in SG04-04; however, the drill hole did not reach target depth due to safety issues related to drill pad instability.

Drill hole SF21-01 tested the Tranquillo porphyry copper-gold target.

Persistent low-grade copper mineralization over approximately 343 metres is a positive indication of the metal endowment of the porphyry system, however, SF21-01 failed to intersect the (potassic altered) core of the system, which is typically host to higher-grade mineralization.

Drill hole SF21-02 tested the Alexandra porphyry copper-gold target.

The top 118 metres of the drill hole intersected strongly to intensely quartz-sericite-pyrite altered porphyritic intrusive rock with trace supergene copper mineralization.

In addition to bringing better resolution to the overall 6.5 by 4 kilometre soil anomaly that defines the property-scale mineral system, the program of 406 soil samples also defined a new 1,000 by 800 metre multi-element gold-copper-moly anomaly at Griz Bowl, where there is also a coincident magnetic high, indicating a new porphyry copper-gold target.

Detailed grid sampling over the Quartz-Lake area now infers a 400 by 400 metre area prospective for gold mineralization.

Tony Barresi, Ph.D., P.Geo., President, stated: “Results from QuestEx's 2021 exploration program at Sofia demonstrate considerable potential to expand the footprint of both epithermal gold and porphyry copper-gold systems on this large and underexplored property in the Toodoggone district. Drilling conducted by QuestEx this year significantly expanded the strike extent of the Quartz Lake epithermal gold system, intersecting grades and widths of mineralization that are comparable to those reported from other more advanced projects within the district. We are eagerly anticipating results from exploration on our 100% owned KSP property in the heart of BC's prolific Golden Triangle, where the majority of our 2021 exploration efforts were directed. Results from our drill program at the Inel Gold prospect, an induced polarization geophysical survey at Sericite Ridge, and a property-wide prospecting campaign are all pending and following their release we expect to announce an inaugural mineral resource estimate for the Inel gold project before the end of Q1, 2022.”

The shares are trading at $0.60.

For more information, please visit the company’s website at www.questex.ca, contact Joseph Mullin, CEO, at 250-758-1511 or by email at info@questex.ca.

I’m Ebony North for Investmentpitch Media