|July 24, 2009|
A Great Quest Subsidiary is Granted an Autorisation d'Exploration on a Malian Phosphate Concession
|VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is very pleased to announce that the Malian Government granted an Autorisation d'Exploration on a 230 square kilometre phosphate concession, designated as the Tin Hina concession, in the Tilemsi area, eastern Mali, West Africa to Engrais Phosphates du Mali-SA. Great Quest holds an 88% interest in Engrais Phosphates du Mali-SA.|
A preliminary exploration survey, as required under the terms of the permit, has been completed. During the program, Company geologists outlined a substantial occurrence of phosphate rock on top of a 4,000 x 7,000 metre hill. A total of 58 samples from 6 pits and 31 outcrops were taken within the concession during the program. The samples have been submitted for assay to determine the content of P2 O5, contained mainly in the mineral, apatite.
The Company will not be acquiring either the Tamaguilelt phosphate deposit or the 36,000 tonne-per-year phosphate plant in Bourem; nevertheless, it will continue to evaluate the Tin Hina concession as well as other phosphate opportunities in the area. This strategic acquisition will help position the Company in the very important fertilizer sector within the agricultural industry.
Great Quest also holds the Kenieba and Bourdala gold concessions in Mali as well as the Taseko copper-gold-molybdenum property in British Columbia. Carl G. Verley (P.Geol), the Qualified Person pursuant to NI 43-101, has reviewed the contents of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
OF GREAT QUEST METALS LTD.
"Willis W. Osborne"
Willis W. Osborne
For additional information please contact:
George Butterworth: 604-689-2882
Toll Free: 877-325-3838
12g3-2(b) Exemption #82-3116
Standard & Poor's Listed
Trading Symbol: GQ
Frankfurt Exchange: GQM
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.
You can view the Next News Releases item: Thu Aug 20, 2009, Great Quest Reports Analyses on 26 Grab Samples from Outcrops of Phosphate Rock Average 24.50% P2 O5
You can view the Previous News Releases item: Wed Jul 8, 2009, Great Quest Reactivates the Baoule River Gold Concession
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