Great Quest Announces Drill Results on Djambaye 2 Gold Zone; Drilling Continues on Other Gold Zones
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce results on the final four holes of the current drill program on the Djambaye 2 gold zone in the Kenieba concession, western Mali, West Africa. The objective of the 2007 program on the Djambaye 2 zone has been to augment the 2006 mineral resource estimate of Carl Verley (P. Geol.). The latest assay results are as follows:
Drill Hole |
Interval |
Width |
Estimated True |
Gold |
Number |
(metres) |
(metres) |
Width (metres) |
(grams per tonne) |
KN 64-07 |
77.00 - 80.00 |
3.00 |
2.10 |
4.07 |
Including |
80.70 - 87.70 |
1.00 |
0.70 |
7.36 |
KN 66-07 |
85.70 - 93.50 |
7.80 |
5.46 |
1.83 |
Including |
91.10 - 92.50 |
1.40 |
0.98 |
4.30 |
Hole KN 64-07 was located 65 metres southeast of Hole KN 63-07 and drilled at -50º to the northwest. Hole KN 65-07 was drilled 100 metres south of KN 63-07 and was discontinued when it intersected a large post-mineralization dolerite dyke which displaced the gold mineralization. KN 66-07 was drilled 100 metres south of KN 65-07, and KN 67-07 was located 65 metres southeast of KN 66-07. Both holes were drilled at -50º to the west. KN 67-07 intersected several, pre-mineralization gabbro. The gabbro, unlike the albitite, does not fracture readily, and as a result the mineralizing fluids do not have good access to the rock.
The Sansanto zone and the Sansanto Est zone were also tested with only marginal results. The Company is now drill-testing some of the other 10 gold zones. These include the Kabaya 2, Kabaya 1 Nord and Kabaya 1 Est where surface samples of up to 8.24, 55.67 and 13.86 grams per tonne gold respectively have been found.
At the end of the 2006 program, a preliminary study by Carl Verley gave an inferred mineral resource of 928,787 tonnes of 4.48 grams per tonne gold or 133,882 ounces per tonne gold. This study focused mainly on vein structures over a length of 1,100 metres and to a depth of 100 metres along the zone. No estimate was made of lower grade, bulk-mineable resources.
The Djambaye 2 has now been drilled over a length 2,060 metres with the deepest intersection of the zone at 160 metres. The pattern of drilling consists of cross-sections every 100 metres. An update to the mineral resource study is expected this autumn.
The Djambaye 2 gold zone is characterized by high grade gold shoots within lower grade intervals. The zone remains open to the north, south and to depth. This zone will again be a main focus of drilling during the next program following the rainy season. This summer, the Company will be drilling its copper-gold-molybdenum Taseko Property in British Columbia.
Drill core samples were submitted to ALS Laboratory Group, located in Bamako, Mali, and were assayed by means of fire assay with atomic absorption finish. Where visible gold was seen, the assays were completed through pulp metallic sieve analysis which is a more thorough method that helps to reduce the problems associated with the nugget effect of gold. Carl Verley, 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
President
For additional information please contact:
George Butterworth, Great Quest Metals Ltd.
T: +1 604-689-2882
TF: 1 877-325-3838
gbutterworth@greatquest.com
Jamie Mathers, Ascenta Capital Partners Inc.
T: 604.684.4743 ext. 236
TF: 866-684-4209
jamie@ascentacapital.com
The TSX Venture Exchange has neither approved nor disapproved the information enclosed in this release. The statements that are not historical facts and are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from the targeted results.