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GQ Great Quest Fertilizer Ltd

0.05
0.00 (0.00%)
23 Jul 2024 - Closed
Delayed by 15 minutes
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

Great Quest Metals Mobilizes for Gold Drilling

21/03/2011 3:23pm

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Great Quest Fertilizer (TSXV:GQ)
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Victor J.E. Jones, Chairman and CFO of Great Quest Metals Ltd. ("Great Quest" or "GQ") (TSX VENTURE: GQ)(FRANKFURT: GQM), reports mobilization of geologists and drill to the Company's Sanoukou gold project in Western Mali. The Sanoukou concession lies immediately south of the Avion Gold Corp. Ltd. (TSX: AVR) Tabakoto-Segala mine project, which now includes the Djambaye II gold resource discovered by Great Quest. The target area shows extensive orpailleurs (hand-mining) workings in an area of mineralized dykes up to 1.2 km wide and 6 km along strike, sampled by the Company. This initial 16 hole program will include 2500m of core drilling by PDRM, the drilling services agency of the Malian government.

The Company has sampled the 24 km2 concession (see GQ news release dated July 29, 2010), and compiled reported prior work by the Bureau de Recherches Geologiques et Minieres and others which included trenching, geophysics, and RAB drilling. That RAB drilling reported drill intersections with of 2.56g/t over 19m; 8.9 g/t over 3m and 4.9 g/t over 3m. This drill program will again use the Company's exploration base near Kenieba for core logging and assay sample preparation.

Company geologists will also begin geological work on its adjacent 42 km2 Fambina concession which has areas of orpailleur workings and at Dabia Ouest, an 82 km2 concession to the south.

The potential of this area of the Western Mali Birimian greenstone belt and the Loulo belt was enhanced with the recent announcements by Avion and Randgold. Randgold has commenced mining operations at its 5.8 million ounce Gounkoto project, hosted in favourable tourmaline sandstone, a few kilometres to the west of the Sanoukou project.

The Company's gold concessions are located in Western Mali and its principal focus, the Tilemsi Phosphate project, is located in Eastern Mali.

Tilemsi Phosphate Project

The Tilemsi concessions cover 737 km2 now permitted for drilling. Company geologists, remote sensing and prior studies have indicated the potential for extensive areas of phosphate mineralization. Program and logistical plans are in final stages of preparation for a drilling program of over 800 holes. Documentation is in process with the customs office to permit the drill entry in to Mali. The drilling will target several hills, where exposure of the phosphate horizon is evident along the perimeter, to provide data for a preliminary resource estimate.

Jed Diner (P Geo) is the Qualified Person responsible for reviewing the contents of this News Release.

ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.

Victor J.E. Jones, Chairman

Great Quest Metals Ltd. is a Canadian mineral exploration company with assets in Mali, West Africa. The Company is focused on developing the Tilemsi Phosphate Project, encompassing 737 km2 in eastern Mali. The Company also holds several gold concessions in the productive Birimian gold belt in western Mali. Great Quest is listed on TSX Venture Exchange (GQ), and the Frankfurt Stock Exchange (GQM).

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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