QuestEx Gold & Copper Receives Multi-Year Permit for Drilling on the Sofia Property and …

QuestEx deployed a field crew to the Sofia property in advance of the drill program to facilitate archaeological and wildlife studies.

Tony Barresi, QuestEx’s President comments: “With the receipt of a permit to drill the Sofia property, QuestEx’s multi-property 2021 exploration plans are now both fully permitted and fully funded.

QuestEx is pleased the exploration program at Sofia is being supported with services provided by Tsay Keh Dene Nation-owned companies, Chu Cho Environmental and Chu Cho Industries.

QuestEx’s 100% owned, 91 square km, Sofia property in the Toodoggone District of British Columbia is strategically situated 35 km north of the historic Kemess mine and less than 20 km east of the historic Lawyers, Baker and Shasta mines.

In total the Sofia property has only been tested with 4,850 m of drilling and there remain a number of important targets that have never been drill tested.

The 2021 Sofia drill program is designed to give QuestEx shareholders exposure to multiple opportunities of exploration success by testing three high-potential grassroots targets across the property.

The only historic drill hole to test Alexandra collared in known gold mineralization but had almost no recovery of core in the top 50 m, so the near surface mineralization remains untested; it bottomed at 260 m in mineralization with 21.20 m of 0.42 g/t Au and 0.08% copper target that still has not been tested.

QuestEx’s drill test of Tranquillo is designed to penetrate into the structural corridor, beneath the soil anomaly and into the modeled centers of the coincident geophysical anomalies.

Historical drilling at Quartz-Lake provided an initial test of mineralization over a 225 m strike length and 150 m vertical extent and focused on just one of at least six mineralized veins.

The property portfolio includes the Castle property, a porphyry copper-gold project located in the Red Chris mining district of the Golden Triangle neighbouring GT Gold’s Tatogga property, and Newcrest Mining’s GJ property.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company’s periodic filings with Canadian securities regulators as well as the risk that the ongoing COVID-19 pandemic may have on the Company’s business.

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