Dominican Republic , Mexico and Peru
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Junior roundup: GoldQuest, Inca Minerals, Cyprium

Bnamericas Published: Friday, June 10, 2016
Junior roundup: GoldQuest, Inca Minerals, Cyprium

Vancouver's GoldQuest Mining closed a previously announced bought deal private placement of shares for total gross proceeds of Cdn$5.75mn (US$4.53mn), according to a statement.

The net proceeds from the offering will be used for exploration drilling, land acquisition, general haul road preparatory work and general corporate purposes. GoldQuest is focused on projects in the Dominican Republic.

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The shares of Australia's Inca Minerals will resume trading on the Australian Securities Exchange on June 15 following a trading halt request pending the release of a capital raise announcement, a securities filing said.

Inca has projects in Peru and Australia.

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Montreal-based Cyprium Mining reported results from 35 underground samples taken as part of its ongoing exploration of the Potosí silver mine in Mexico, a press release said.

The average of seven samples from level 4 yielded average values of 578g/t silver, 4.99% lead and 2.8% zinc over an average sample width of 1.65m, and two samples from level 3 yielded averages of 100g/t silver, 2.79% lead and 8.43% zinc over 1.45m.

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