Great Quest Completes Phase 2 Drilling on Tilemsi Phosphate Project
VANCOUVER, BC Victor J. E. Jones, President, reports that the Great Quest Metals Ltd. ( TSXV: GQ, Frankfurt: GQM ) ("Great Quest" or the "Company") has completed a limited rotary air blast drilling program of 48 holes (608 m) on its 1206 sq km Tilemsi Phosphate Project, located in Eastern Mali. The Phase 2 drilling program was limited to the Tarkint Est concession. This second phase of drilling focused on hills and plain areas identified but not drilled during the initial Phase of drilling on the project [See News Release September 26, 2011]. Samples from this drilling will be similarly sent to ALS in Bamako for preparation for XRF analysis in Vancouver, BC.
As part of Phase 2, Company geologists also dug 11 pits within the areas drilled during the initial Phase and carried out a visual geological and lithological examination of the phosphate layer. A 100kg bulk sample was taken from the phosphate layer in each pit and shipped to Bamako for preparation and for onward shipment of half of the bulk sample to MINTEK, South Africa for metallurgical and processing analysis. In addition, a subsample from each of the pit samples has been shipped to ALS Vancouver for XRF analysis for P205. Drilling results will assist with the planning of an Aircore drilling program, now scheduled to commence January 2012, on a 250m spacing grid.
"Thanks to the tireless efforts of our Phase 2 personnel in Mali, Great Quest is pleased to have advanced the exploration work at Tilemsi in line with our targets for 2011. We look forward to the continued development of this unique and important West African phosphate project in the upcoming year," commented Victor J. E. Jones, President and CFO of Great Quest Metals Ltd.
With Phase 2 drilling now complete, the Company has responded to recent security issues in the Northern region of Mali by temporarily withdrawing all exploration and drilling teams from the project area in the interest of the safety of our valued personnel.
Phase 3 Planned for January 2012,br/> The Company has now identified the phosphate horizon on areas of both the Tin Hina and Tarkint Est concessions, and will drill the Ader Foul concession in Phase 3. It is anticipated that Phase 3 drilling will commence in January using an Aircore drill rig and that Phase 3 will include geological work and additional pits to continue the geological examination of the phosphate layer.
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.
The information in this report has been reviewed and approved for release by Mr. Jed Diner, MSc, P.Geol, who has over 30 years' experience in mineral exploration, and who is the principal consultant for the company on this project, and has sufficient experience in relation to the style of mineralization and type of deposit under consideration to qualify as a Competent Person as defined by NI 43-101. Mr. Diner has consented to inclusion of this information in the form and context in which it appears.
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.
Victor J.E. Jones
Great Quest Metals Ltd. is a Canadian mineral exploration company with assets in Mali, West Africa. The Company is focused on developing the Tilemsi Phosphate Project, encompassing 1206 km2 in eastern Mali. The Company also holds several gold concessions in the productive Birimian gold belt in western Mali. Great Quest is listed on TSX Venture Exchange (GQ), and the Frankfurt Stock Exchange (GQM).