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Quest Commences Diamond Drilling
at the Strange Lake Rare Earth Project, Northeastern Quebec
Highlights:
- Diamond drilling has commenced on the Strange Lake project with two
drill rigs
- A minimum of 70 drillholes for 5,000 m are planned
for the program
- One of the rigs will be dedicated to resource definition on Quest's
Strange Lake REE deposit with the objective of completing a 43-101
Resource Estimate for the deposit during 2010
- The second machine will undertake exploratory drilling on new REE
targets identified by field crews earlier in 2008 and 2009
- A bulk sample of Strange Lake material will be collect in order to
undertake mineralogical and metallurgical studies on the recovery
characteristics of the rare earth mineralization
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TORONTO, ONTARIO--(Marketwire
- Aug. 13, 2009) - Quest Uranium Corporation (TSX VENTURE:QUC) is pleased to announce that it has commenced
diamond drilling at the Strange
Lake project, Quebec. Currently,
two drill rigs are operating on the project with the objective of
completing 70 holes for a total of 5,000 m. One of the
drills will be used to confirm and expand the Quebec-side of the
historical Iron Ore Company of Canada (IOC) resource estimate for the Strange Lake zirconium (Zr)-yttrium (Y)-niobium (Nr0 rare earth (REE)
deposit. A second machine is focusing on evaluating additional REE
occurrences discovered by Quest crews in 2008 and 2009. With $2.1
million in working capital, the Corporation is well-financed to execute
the drill program. The Strange Lake project (see Figure 1) is located 175 km north-east of
Schefferville, Quebec and 125 km west of the Voiseys Bay nickel-copper-cobalt deposit, currently
being mined by Vale in eastern Labrador.
Strange Lake Deposit Definition Drill Program
A digital data compilation recently completed for the Corporation by Geologica Groupe-Conseil
Inc. of Val d'Or, Quebec,
was used to optimize the drilling over the Quebec-side of the Strange Lake deposit (historical
resource estimate, pre-National Instrument 43-101; Venkatswaran,
1983 - 52 million tonnes @ 3.25% ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% TREO). The compilation enabled Quest
to develop a 3-dimensional geological model of the REE deposit. This
model will guide the drilling program to confirm the historical IOC
resource and to identify new areas for resource expansion of the
deposit. A minimum of 40 holes for 2,500 m will be
required for this program. In addition, a bulk sample will be collected
of Strange
Lake material in
order to complete bench test studies on product recoveries and material
processing procedures for the rare earth mineralization.
Strange Lake Property Exploratory Drill Program
In addition to the definition drilling, a program of exploratory
drilling over newly discovered mineralized zones on the Strange Lake property is currently
underway. At least three new areas of Strange Lake-type REE
mineralization have been identified by exploration crews which require
drill testing. A minimum of 30 drillholes for
2,500 m
are planned for this portion of the program.
The 1983 historical mineral resource estimate referred to in this press
release was prepared before the introduction of National Instrument
43-101. No qualified person has undertaken sufficient work to classify
this historical resource estimate as current mineral resources or
mineral reserves. Accordingly, Quest is not treating the historical
resource estimate as current mineral resources or mineral reserves, as
defined in National Instrument 43-101, and the historical resource estimate
referred to in this press release should not be relied upon.
Quality Control
Mr. Peter Cashin, P. Geo., is the qualified
person on the Strange Lake Project under National Instrument 43-101 and
was responsible for this news release. Material for analysis has been
obtained from grab samples from outcrop and boulders. A strict QA/QC
program is followed which includes the use of elemental standards,
duplicates and blanks. Analyses were performed by Activation Laboratory
Limited of Ancaster,
Ontario.
About Quest Uranium
Quest Uranium Corporation is a Canadian-based, exploration company
focused on the identification and discovery of new world-class Rare
Earth deposit opportunities. The company is publically-listed on the
TSX Venture Exchange as "QUC" and is led by a
highly-respected management and technical team with a proven
mine-finding track record. Quest is currently advancing several
high-potential projects in Canada's
premier exploration areas: the Strange
Lake area of northeastern Quebec,
the Kenora area of northwestern
Ontario and the Plaster Rock area of northwestern New
Brunswick. Quest continues to pursue
high-value project opportunities throughout North
America.
This press release may contain "forward-looking statements".
Readers are cautioned that any such statements are not guarantees of
future performance and that actual developments
or results may vary materially from those in these "forward
looking statements".
To view Figure 1 of the Strange Lake Project Location Map, please visit
the following link: http://media3.marketwire.com/docs/quc0813.pdf
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
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