Great Quest Metals Ltd. - Media Article - Great Quest Metals Hits Bonanza Gold close to Nevsun's Tabakoto Project in Mali

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Great Quest Metals Hits Bonanza Gold close to Nevsun's Tabakoto Project in Mali

Minenews Story - July 29, 2005

Good moment to take a look at Canadian listed Great Quest Minerals, which has just completed its first drill program on the Djambaye 2 gold zone in its Kenieba concession in Mali. There is still a long way to go as the 10 holes drilled in this program covered only 400 metres along the 2,342 metre zone, but the results have been most encouraging. All ten holes hit gold mineralization and assays verified the presence of visible gold seen in the cores. If these results continue, there is a very good chance that Great Quest is sitting on a meaningful gold deposit and it has certainly chosen an interesting site as the concession abuts the southern boundary of Nevsun Resources' bigger Tabakoto project, due to come into production in the next quarter.

It is clear that John Clarke of Nevsun takes a very close interest in Great Quest's progress, but Nevsun is not the company's only influential neighbour. Randgold's Loulo project, which is also just about to start commissioning, is only 30 kilometres northwest of Tabakoto. Great Quest has another project called Manankoto, which is near the border with Senegal and only 20 kilometres from Loulo. Imagine the surprise of Will Osborne, president of Great Quest Metals, when he found that Randgold had driven a road right to his property.

Earlier this year, the company announced that a mapping and sampling program at Manankoto had identified a diorite dyke between 30 and 100 metres wide, which was traced for 5.5 kms across the region and contained anomalous surface gold values. Diorite is thought to be important in the region because gold is associated with diorite in the Sadiola and Yatela mines and the Segala and Tabakoto deposits. One sample from an old pit in the diorite assayed 13.03 g/t gold. Great Quest, however, lives a somewhat hand-to-mouth financial life and can therefore only concentrate on one project at a time. Recently, it announced the results of the last two holes drilled at Kenieba and one of these included an intersection of 808.85 g/t (23.46 oz/ton) over 1.05 metres in quartz breccia.

That is rich enough to make most people pay attention, and it confirms the fact that there are some very high-grade occurrences of gold within the overall zone as has been indicated by the company's initial sampling and information gathered from the local artisan miners by Great Quest's local geologist. The Djambaye 2 gold zone consists of four sets of quartz veins and some quartz breccia associated with two to four north-south rhyodacite and diorite dykes within Birimian metasediments. In zones similar in nature to the Djambaye 2, very high-grade gold generally tends to occur in shoots or streaks.

This intersection presents an intriguing situation for the company, as it will now have to try to delineate a high-grade, low tonnage resource as well as one that is low-grade and bulk tonnage. And it wants to get on with this as soon as possible. Fortunately, the diamond drill is currently in the area, though in use by another company for the moment. The current plan is to drill at least two more holes before the rainy season, as it recently raised C$220,000 by a private placement. The objective of the two holes will be to trace the zone intersected in the hole that hit 8.55 metres at 100.76 g/t gold, of which the bonanza metre was a part. The gold is found in quartz breccia and Will Osborne believes the mineralization could occur along a fault that strikes either 10º or 70º, or it could be at the intersection of two faults, in which case it would have a narrow width and thickness but could extend some distance in depth.

Great Quest has certainly found itself in an intriguing situation and a lot of vital information should become available as a result of the next two holes. Doubtless Nevsun and Randgold will be keeping an even closer eye on Will Osborne's little company.

SOURCE: http://www.minesite.com/storyFull.php?storySeq=2902