Great Quest Metals Ltd

Published : April 21st, 2010

Defines Gold Soil Anomaly on Dabia Ouest Concession

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Keywords :   Canada | Gold | Mali | Phosphate |

      GREAT QUEST

               METALS LTD.

 

Suite 515, 475 Howe Street

Vancouver, BC, Canada  V6C 2B3

Tel:   604-689-2882   Website:  www.greatquest.com

Fax:  604-684-5854    Email:  info@greatquest.com

 

April 21, 2010

Great Quest Defines Gold Soil Anomaly on

Dabia Ouest Concession

 

VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to report results of an exploration program, consisting of soil and rock sampling and geological mapping, conducted on the Dabia Ouest gold concession early this year.  The Dabia Ouest concession, in western Mali, is only 11.6 kilometres south of the Kenieba concession which was recently sold by Great Quest to Avion Gold Corporation for 4.35 million dollars in cash and Avion shares.

The soil sample grid consists of 11 east-west lines, 500 metres apart, with samples taken every 50 metres along the lines.  A total of 1,221 samples were taken from the 27.5 sq km grid which is located in the northeast corner of the concession.

All but four samples were taken from alluvium or from stream-deposited material.  Below are lengths along four consecutive lines of samples anomalous in gold:

Line

Length of Anomalous

Samples (m)

Average Value

Parts per Billion Gold (ppb)

Third line from north

1,650

52 *?

Fourth line from north

1,000

38

Fifth line from north

1,100

34

Sixth line from north

1,700

35 *?

*? three samples above 200 ppb were not included in calculation

*? one sample of 1,163 ppb was not included in calculation

The alluvium anomalous in gold occurs along a length of the southwesterly flowing Columbo River.  The silt, sand and gravel constituting the alluvium are derived through erosion from river banks along the full extent of the Columbo River upstream from the anomalous area.  As a result, the eroded material from the gold zone has been diluted by all of the sediment from upstream.  Because of the low gradient of the river, the source of the gold is expected to be very close to, if not partly coincident with, the anomalous area.  Great Quest management is very encouraged by these results.

. . /2

 

 


Great Quest Metals Ltd.

April 21, 2010

Page Two

 

 

 

 

The next step in exploration over the anomalous alluvium is to find the source of the gold, first through pitting and geophysics, then if necessary, drill testing.  Much of the rest of the area soil sampled shows scattered samples anomalous in gold with no particular pattern. 

 

The western part of the concession consists of scattered hills with outcrops surrounded by areas of alluvium where two major goldfields or areas of pits, which were dug by local miners for the recovery of gold, occur.  One extends for 4,860 metres along the Columbo River where it turns west.  The second extends along the Bilaliko River for 4,450 metres where it flows to the northwest.  One sample from an outcrop of a felsic dyke along the Bilaliko River was crushed and panned.  Fine gold was found.  An assay of the tailings from the pan gave 1,065 parts per billion gold.  The next program will consist of pitting, trenching and rock and soil sampling to further isolate the gold mineralization in the area in preparation for drilling.

 

Samples were processed by ALS Chemex in Bamako, Mali.  The samples were crushed, split and pulverized.  Thirty grams from each sample were tested for gold by fire assay-AA.  Carl G. Verley (P.Geol), the Qualified Person pursuant to NI 43-101, has reviewed the contents of this news release.

 

The preliminary program on the newly acquired 24 sq km Sanoukou gold concession, south of and adjacent of the Kenieba gold concession, will start next week.  Following the program on the Sanoukou concession and subject to the receipt of permits, Great Quest will start a drill program on the Tin Hina phosphate concession in eastern Mali.

 

ON BEHALF OF THE BOARD OF DIRECTORS

OF GREAT QUEST METALS LTD.

 

"Willis W. Osborne"

Willis W. Osborne

President

 

For additional information please contact:

12g3-2(b) Exemption #82-3116                                                                                                  Investor Relations:

Standard & Poor's Listed                                                                                George Butterworth:           604-689-2882

Trading Symbol: GQ      Frankfurt Exchange: GQM                                     Toll Free:                             877-325-3838

 

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  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.

Data and Statistics for these countries : Canada | Mali | All
Gold and Silver Prices for these countries : Canada | Mali | All

Great Quest Metals Ltd

EXPLORATION STAGE
CODE : GQ.V
ISIN : CA3909121038
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Great Quest Metals is a gold and copper development stage company based in Canada.

Great Quest Metals holds various exploration projects in Mali.

Its main exploration properties are KENIETI, BOURDALA, KENIEBA, TIN HINA and SANOULOU in Mali and TASEKO in Canada.

Great Quest Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 537 200 as of today (US$ 429 519, € 376 259).

Its stock quote reached its highest recent level on May 27, 2011 at CA$ 4.88, and its lowest recent point on August 11, 2023 at CA$ 0.01.

Great Quest Metals has 53 720 000 shares outstanding.

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Financings of Great Quest Metals Ltd
5/24/2013Announces Private Placement
9/14/2012Agrees to a Private Placement of $1=2C152=2C850
1/1/2009Announces $120,000 Private Placement
7/9/2008AGM and Private Placement Closes
Option Grants of Great Quest Metals Ltd
11/25/2009Grant of Stock Options
12/30/2008Grant of New Stock Options, Cancellation and Re-Issuance of ...
Nominations of Great Quest Metals Ltd
8/13/2013Appoints Abdoulaye Pona to the Board of Its Mali Subsidiary
5/13/2013Announces AGM Results-Appoints Jed Richardson CEO
7/23/2010Appointment of New Director Signals Focus on Malian Phosphat...
4/8/2010Appoints New Director and Grants Options
Project news of Great Quest Metals Ltd
3/25/2011(Sanoulou)Mobilizes for Gold Drilling
2/21/2011Remote Sensing Identifies Phosphate Targets
6/3/2010(Kenieba)Sampling Program Identifies Gold in Over 8 Albitite Dykes on...
4/21/2010(Kenieba)Defines Gold Soil Anomaly on Dabia Ouest Concession
6/5/2009(Tilemsi Phsophate)Update on Tilemsi Phosphate Project
12/24/2008(Tilemsi Phsophate)Granted Extension to January 31, 2009 on the Exercise of Til...
11/24/2008(Tilemsi Phsophate)Receives Further Approvals for Tilemsi Phosphate Project
9/10/2008(Taseko)Announces Results of the 2008 Drill Program on the Taseko Pr...
7/2/2008(Taseko)2008 Drill Program on the Taseko Property to Start by July 7...
6/4/2008(Taseko)Start Drill Program on Taseko Property in early July
Corporate news of Great Quest Metals Ltd
11/4/2015Tests Conclude the GQ Blends Are a Recommended Replacement f...
10/1/2015Nevada Sunrise Appoints David Shaw to Advisory Board
9/17/2015Preparation Laboratory: On Time, On Budget
9/8/2015Great Quest Announces $200,000 Private Placement
6/22/2015Great Quest Announces AGM Results
3/2/2015Great Quest Clarifies Its Technical Disclosure, and Northern...
2/3/2015Great Quest Files Updated PEA for Multi-Phased Phosphate Pro...
9/22/2014IIROC Trading Resumption - GQ
9/19/2014IIROC Trading Halt - GQ
7/23/2014Great Quest Announces a New Partnership With the Aga Khan De...
3/26/2014Tilemsi Bulk Samples Average Above 24% Drilled Inferred Reso...
9/30/2013.: Sanoukou Gold Program Reports Chip Samples of Up to 24.9 ...
9/18/2013to Resume Exploration Program at the Tilemsi Phosphate Proje...
6/20/2013Congratulates Mali on the 'Historic' Kidal Agreement
4/29/2013Corporate Update-Pursuing Routes to Restoring Value
3/18/2013Adopts Advance Notice Policy for Future Shareholder Meetings
2/7/2013Files PEA and Confirms Robust Economic Results on Tilemsi Ph...
1/22/2013Granted Permit for Aderfoul Concession, Tilemsi Phosphate Pr...
1/16/2013Comments on Market Activity and Provides Corporate Update
10/10/2012Grants Stock Options
9/17/2012Completes $1=2C152=2C850 Private Placement and Appoints Inve...
7/9/2012=2D News Alert
5/29/2012Alert
3/7/2012- news release
6/13/2011. Announces Results of Annual General Meeting
6/2/2011Accelerates Phosphate Exploration
5/11/2011.: Tilemsi Phosphate Drilling Commences
3/8/2011Initiates Phosphate Studies
2/22/2011Receives Escrowed Shares
2/18/2011.: Arrete de la Miniere Permits Received for the Tilemsi Pho...
2/16/2011Retransmission-Great Quest Metals Ltd.: Remote Sensing Ident...
7/29/2010Sanoukou Gold Concession Advanced to Drill-Ready Status
7/8/2010Phosphate Advisory Committee Appointed for Mali Phosphate Pr...
6/23/2010Expands Phosphate Concession Areas in Mali to 737 sq km
6/9/2010Reports on its Annual General Meeting
4/13/2010Acquires the Sanoukou Gold Concession in Western Mali
1/18/2010Acquires Option on Concession in Prolific West Mali Gold Bel...
1/9/2010Completes Sale of Kenieba Concessions for Cash and Shares of...
9/3/2009Reports Area of Tin Hina Concession Increased from 230 to 41...
7/10/2009Reactivates the Baoule River Gold Concession
12/4/2008Amends Warrant Terms
11/3/2008is Granted the Right to Acquire a Majority Interest in the T...
11/8/2007 Completes Sale of Convertible Debenture
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