Great Quest Intersects 7.1 Metres of 5.00 Grams/Tonne Gold Niaragui Nord Concession Acquired
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (the "Company") (TSX Venture Exchange GQ), is very pleased to announce the results of assays on the first 5 diamond drill holes located in the Bourdala Sud-Ouest zone, as well as the acquisition of an additional concession, Niaragui Nord, just north of the Niaragui concession which is part of the Bourdala concessions, Mali, West Africa. The results of drilling are as follows:
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Direction Intervals Widths Assay Grams
Hole Number Dip of Dip (Metres) (Metres) per Tonne
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DDH 08 BR -60 110 71.0 - 74.0 3.0 1.81
117.0 - 119.1 2.1 5.63
149.1 - 150.1 1.0 1.32
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DDH 09 BR -60 190 18.0 - 19.0 1.0 1.06
62.6 - 65.6 3.0 2.83
86.7 - 89.0 2.3 3.40
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DDH 10 BR -50 190 110.6 - 112.6 2.0 1.89
116.5 - 117.5 1.0 1.29
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DDH 11 BR -50 110 2.0 - 3.0 1.0 1.44
44.1 - 51.2 7.1 5.00
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Including 49.6 - 51.2 1.6 14.92
93.8 - 94.8 1.0 1.04
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DDH 12 BR -50 110 174.4 - 176.4 2.0 2.37
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The diamond drill holes were spotted to test a north-northeast zone of quartz veining and alteration with gold, pyrite and arsenopyrite mineralization. Several dikes have been emplaced within the above zone. There is evidence of much faulting. Hole 09 BR is 75 metres from Hole 08 BR at 110º, and Hole 10 BR is a further 50 metres along the same line. Hole 11 BR is 50 metres and 200º from Hole 08 BR, and 12 BR is a further 50 metres along the same line.
There is some evidence that the 7.1 metres intersection of 5.00 g/t gold and the 2002 intersection in Hole 06 BR of 10 metres of 3.92 g/t gold may be part of the same zone in which case the trend of this mineralization would go roughly 60º. More work is required to confirm this.
Great Quest recently optioned the key Niaragui Nord concession. The Company can acquire 100% interest in this concession by paying the owner approximately CDN$125,000 over a period of 4 years. The owner will receive a 1% net smelter royalty on production. The Karouma concession has been dropped. This was the most southeasterly of the Bourdala concessions.
The large area of orpaillage, or pits dug by the local miners to recover gold, continues north from the Niaragui into the Niaragui Nord. This area of orpaillage on the Niaragui concession covers the zone where samples from three pits assayed 23, 57 and 77 g/t gold. This will be the target for DDH 14 NG, the next drill hole. The Company is currently drilling DDH 13 BR. Results will be released when they become available.
Marvin A. Mitchell, P.Eng, is the Qualified Person on the project as defined by National Instrument 43- 101.
ON BEHALF OF THE BOARD OF DIRECTORS
"Willis W. Osborne"
Willis W. Osborne
President