VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), wishes to report the grant of 700,000 stock options to directors, officers and consultants of the Company. Each stock option entitles the holder to purchase one common share of the Company's capital stock at $0.25 for a term of five years. The stock options granted today are in accordance with the Company's stock option plan, and are subject to regulatory approval. In other matters, Great Quest currently holds the Kenieba concession where an NI 43-101 compliant, inferred mineral resource in the Djambaye 2 gold zone…
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Grant of Stock Options Update on the Kenieba Area
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Great Quest Strengthens its Land Position in the Kenieba Area in Mali, West Africa
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the acquisition of the 8 square kilometer Comifa gold concession in Mali, West Africa, which is north, west and adjacent to the Company's Kenieba gold concession. Great Quest recently announced an increase in the NI 43-101 compliant, inferred mineral resource to 324,000 ounces of gold in the Djambaye 2 gold zone on the Kenieba gold concession. Because of the success of its exploration program in the Kenieba concession, Company management considers it an excellent opportunity to be able to add…
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Great Quest Increases NI 43-101 Mineral Resource on Kenieba Concession to 324,000 Ounces of Gold
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce an increase in the estimated, NI 43-101 compliant, inferred mineral resource on the north-south Djambaye 2 gold zone from 133,822 to 324,000 ounces of gold. This equates to 2,574,000 tonnes of 3.92 grams per tonne gold or 10.08 tonnes of gold. The Djambaye 2 gold zone occurs in the Kenieba gold concession, which is in the western part of Mali, where 4 gold mines occur in the important, West African Birimian gold belt. The new mineral resource estimate on the Djambaye…
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Great Quest Intersects 75.90 Metres of 0.027% Molybdenum on the Taseko Property
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the objectives of the abbreviated 2007 Taseko drill program were accomplished and confirmed the Company's priorities for continued drilling later this year. The first objective was to follow the trends of both molybdenum and copper mineralization intersected in Hole 91-49, a discovery hole drilled in 1991 in the Granite Creek zone that considerably expanded the mineral potential of the property. Hole 91-49 intersected 133 metres of 0.029% molybdenum and, separately, 89 metres of 0.23% copper and 0.007 ounces per…
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Great Quest Intersects 75.90 Metres of 0.027% Molybdenum on the Taseko Property
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the objectives of the abbreviated 2007 Taseko drill program were accomplished and confirmed the Company's priorities for continued drilling later this year. The first objective was to follow the trends of both molybdenum and copper mineralization intersected in Hole 91-49, a discovery hole drilled in 1991 in the Granite Creek zone that considerably expanded the mineral potential of the property. Hole 91-49 intersected 133 metres of 0.029% molybdenum and, separately, 89 metres of 0.23% copper and 0.007 ounces per…
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Great Quest Metals Closes $1,169,475 in Flow-Through and Non-Flow-Through Financings
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the closing of non-brokered private placements of $764,600 in flow-through funds and $404,875 in non-flow-through funds. The private placements were completed in two tranches with the first tranche being completed by the MineralFields Group. This tranche consisted of 1,851,849 flow-through units priced at $0.27 per unit for proceeds of $500,000. Each flow-through unit consists of one common share and one-half of a one year, transferable share purchase warrant. Each full warrant entitles the holder to purchase one common share of the…
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Great Quest Metals Closes $1,169,475 in Flow-Through and Non-Flow-Through Financings
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the closing of non-brokered private placements of $764,600 in flow-through funds and $404,875 in non-flow-through funds. The private placements were completed in two tranches with the first tranche being completed by the MineralFields Group. This tranche consisted of 1,851,849 flow-through units priced at $0.27 per unit for proceeds of $500,000. Each flow-through unit consists of one common share and one-half of a one year, transferable share purchase warrant. Each full warrant entitles the holder to purchase one common share of the…
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