Overview
Great Quest is a mineral exploration and project development company with several exploration licenses and permits. The Company is currently focused on advancing its flagship project "Tilemsi Phosphate" that encompasses 1,206 km² in eastern Mali.
• Phosphate - Tilemsi Valley, eastern Mali
1. Tin Hina, 417 km²
2. Tarkint Est, 589 km²
3. Ader Foul, 200 km²
• Gold -- Birimian Gold Belt, western Mali
Great Quest holds one gold permit - Sanoukou (24 km²) located in the prolific Birimian gold belt in western Mali. The Company is also working on other permits locally-owned.
BACKGROUND
When Great Quest began work in Mali in 1996, gold was its main focus. Being one of the most prospective countries, Mali ranks third for gold production in Africa after South Africa and Ghana. The Company was successful in the area with the sale of its Kenieba project and continues its exploration for gold in Mali on the Sanoukou and Bourdala projects. The Sanoukou concession is drill-ready.
KENIEBA SALE
In early 2010, Great Quest completed the sale of its 3-concession Kenieba project to Avion Gold Corporation for cash and shares totalling $4.35 million. This transaction allowed Great Quest to pursue the development of its Tilemsi phosphate project without going to the market. With its focus on its Malian projects, the Company also entered into an option agreement on its British Columbian, copper-gold-molybdenum, Taseko project (Canada) in August 2010 with a recently formed British Columbian company.
PHOSPHATE FOCUS
Since 2009, Great Quest has acquired several phosphate concessions in an area underlain by an extensive bed of phosphate rock, in eastern Mali, and has made significant progress in defining a phosphate resource. The Company's first phase of drilling program established an initial resource of 32.6 million tonnes at a grade of 23.4% P2O5. Then in October 2012, Great Quest announced an increase of 50% of the Tilemsi inferred resource, totalling 50 million tonnes at an average grade of 24.3%.
• Phosphate - Tilemsi Valley, eastern Mali
1. Tin Hina, 417 km²
2. Tarkint Est, 589 km²
3. Ader Foul, 200 km²
• Gold -- Birimian Gold Belt, western Mali
Great Quest holds one gold permit - Sanoukou (24 km²) located in the prolific Birimian gold belt in western Mali. The Company is also working on other permits locally-owned.
BACKGROUND
When Great Quest began work in Mali in 1996, gold was its main focus. Being one of the most prospective countries, Mali ranks third for gold production in Africa after South Africa and Ghana. The Company was successful in the area with the sale of its Kenieba project and continues its exploration for gold in Mali on the Sanoukou and Bourdala projects. The Sanoukou concession is drill-ready.
KENIEBA SALE
In early 2010, Great Quest completed the sale of its 3-concession Kenieba project to Avion Gold Corporation for cash and shares totalling $4.35 million. This transaction allowed Great Quest to pursue the development of its Tilemsi phosphate project without going to the market. With its focus on its Malian projects, the Company also entered into an option agreement on its British Columbian, copper-gold-molybdenum, Taseko project (Canada) in August 2010 with a recently formed British Columbian company.
PHOSPHATE FOCUS
Since 2009, Great Quest has acquired several phosphate concessions in an area underlain by an extensive bed of phosphate rock, in eastern Mali, and has made significant progress in defining a phosphate resource. The Company's first phase of drilling program established an initial resource of 32.6 million tonnes at a grade of 23.4% P2O5. Then in October 2012, Great Quest announced an increase of 50% of the Tilemsi inferred resource, totalling 50 million tonnes at an average grade of 24.3%.
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