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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Great Quest Fertilizer Ltd | TSXV:GQ | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.05 | 0.045 | 0.05 | 0 | 01:00:00 |
"The receipt of these Arretes marks the formal approval for field work mobilization," said Mamadou Keita, the Company's Vice President Exploration, based in Bamako Mali, "and we can now authorize the mobilization of the air-core drill rig into the country and initiate logistics for exploration operations and drilling."
In preparation for the air-core drilling program the Company has just completed a remote sensing data analysis which identified extensive showings of apparent phosphate mineralization based on correlations with known Company geological sampling reconnaissance (GQ News - February 15, 2011). The area highlighted by the remote sensing and prior sampling are priorities for the multi-phase drilling and geological programs. The first phase of air-core drilling will include an estimated 1000 drill holes, pits and geological reconnaissance over the targeted areas using the new remote sensing findings and high resolution maps to assist field crews. The objective is an initial NI 43-101 compliant resource estimate, after which a preliminary scoping study would be commissioned, along with further drilling.
Great Quest holds an 88% interest in the 320 sqkm Tin Hina concession located immediately to the south of the 417 sqkm Tarkint Est concession in which Great Quest holds a 97% interest through an exploration agreement with a private Malian company. The Tilemsi valley is known for its natural phosphate rock. This first comprehensive approach to exploration and development of these concessions has gained recognition within Mali for its potential benefit on the Malian agricultural sector.
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.
Victor J.E. Jones, Chairman
12g3-2(b) Exemption #82-3116
Standard & Poor's Listed
The statements that are not historical facts and are forward-looking statements involving known and unknown risks and uncertainties could cause actual results to vary materially from the targeted results.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts: Great Quest Metals Ltd. George Butterworth Investor Relations 604-689-2882 or Toll Free: 877-325-3838 604-684-5854 (FAX) info@greatquest.com www.greatquest.com
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