• Great Quest Completes Sale of Kenieba Concessions for Cash and Shares of $4.35 Million and a Production Bonus of Up to $3.50 Million

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BRITISH COLUMBIA, Jan 08, 2010 - Great Quest Metals Ltd. (GQ)(FRANKFURT: GQM) ('Great Quest') reports completion of the sale of its Kenieba gold project to Avion Gold Corporation (AVR) ("Avion") as announced December 18, 2009. Avion has now acquired all of the Great Quest interest in three Kenieba concessions for $4.35 million comprised of $850,000 cash, of which $350,000 was received under a preceding joint venture agreement with Avion, and 7,608,696 shares of Avion at a deemed price of $ 0.46 per share, with a four month hold. With the recent appreciation of the Avion shares to the $0.70…

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  • Great Quest Granted Extension to January 31, 2009 on the Exercise of Tilemsi Phosphate Acquisition

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Company, along with its Partner Mali Mining House SA, has been granted an extension to January 31, 2009 on the requirement to post the $1.5 million purchase price to acquire the Tilemsi phosphate project. Originally, as announced on November 24, 2008, the Company was given until December 15, 2008. Great Quest had requested the extension due to the volatility of the markets and the general difficult financing situation for mineral exploration companies during the current global slowdown of…

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  • Great Quest Agrees to Sell its Kenieba Concessions to Avion Gold Corporation

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM) ('Great Quest') and Avion Gold Corporation (AVR:TSXV) ("Avion") are pleased to announce that they have executed an agreement under which Avion would acquire a 100% interest in the Kenieba concessions, which are subject to an existing 75% earn-in option agreement between the Companies announced November 2, 2009. In addition to the initial payment made under the earn-in agreement, Avion will pay to Great Quest $4 million in cash and shares of Avion and provide for further payments of up to $2.1 million based on gold production from the concessions…

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  • Great Quest Agrees to Sell its Kenieba Concessions to Avion Gold Corporation

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM) ('Great Quest') and Avion Gold Corporation (AVR:TSXV) ("Avion") are pleased to announce that they have executed an agreement under which Avion would acquire a 100% interest in the Kenieba concessions, which are subject to an existing 75% earn-in option agreement between the Companies announced November 2, 2009. In addition to the initial payment made under the earn-in agreement, Avion will pay to Great Quest $4 million in cash and shares of Avion and provide for further payments of up to $2.1 million based on gold production from the concessions…

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  • Great Quest Receives Further Approvals for Tilemsi Phosphate Project

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Malian Government issued its definitive letter dated November 21, 2008 declaring that the Company is the successful bidder for the Tilemsi Phosphate Project. The Company entered a bid and tender process with six other companies in which Great Quest scored 23 out of 30 points, with the next closest bidder receiving 10. The award is conditional upon the Company coming to agreement with the Malian Government on the details of the purchase. The Malian Government is requiring that the…

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  • Great Quest Completes $2.36 million Agreement on its Kenieba Concessions with Avion Gold Corporation

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM) ('Great Quest') and Avion Gold Corporation (AVR:TSXV) ("Avion") are pleased to announce that they have executed a definitive agreement in relation to their previously announced letter of intent (see Great Quest News Release dated April 21, 2009) to acquire 75% of Great Quest's interest in three mineral concessions located adjacent to the south and west sides of the Tabakoto property (see figure) (the "Option Agreement"). Great Quest previously spent approximately US$3.0 million in expenditures to explore the properties. The Great Quest properties comprise the Kenieba (Sansanto), Kenieba Est and Comifa…

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  • Great Quest Completes $2.36 million Agreement on its Kenieba Concessions with Avion Gold Corporation

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM) ('Great Quest') and Avion Gold Corporation (AVR:TSXV) ("Avion") are pleased to announce that they have executed a definitive agreement in relation to their previously announced letter of intent (see Great Quest News Release dated April 21, 2009) to acquire 75% of Great Quest's interest in three mineral concessions located adjacent to the south and west sides of the Tabakoto property (see figure) (the "Option Agreement"). Great Quest previously spent approximately US$3.0 million in expenditures to explore the properties. The Great Quest properties comprise the Kenieba (Sansanto), Kenieba Est and Comifa…

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  • Great Quest Reports Area of Tin Hina Concession Increased from 230 to 417 Square Kilometres

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Government of Mali has issued a new 90 day Autorisation d'Exploration on the Tin Hina concession increasing the area of the original Tin Hina concession from 230 to 417 square kilometres. This permit is in the name of Engrais Phosphates du Mali SA, a Malian company owned 88% by Great Quest. The company has complied with the terms of the ongoing permit by completing a program in June and has submitted a report. This also satisfies the terms…

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  • Great Quest Reports Area of Tin Hina Concession Increased from 230 to 417 Square Kilometres

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Government of Mali has issued a new 90 day Autorisation d'Exploration on the Tin Hina concession increasing the area of the original Tin Hina concession from 230 to 417 square kilometres. This permit is in the name of Engrais Phosphates du Mali SA, a Malian company owned 88% by Great Quest. The company has complied with the terms of the ongoing permit by completing a program in June and has submitted a report. This also satisfies the terms…

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  • Great Quest Reports Analyses on 26 Grab Samples from Outcrops of Phosphate Rock Average 24.50% P2 O5

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the results of a preliminary program of sampling and mapping within the 230 sq km Tin Hina phosphate concession in eastern Mali, West Africa. Great Quest holds an 88% interest in the company holding the concession. During the program, 26 grab samples were taken from exposures of rock over a distance of 6,870 metres along the southeast and south side of a hill where a layer of phosphate rock occurs within a Middle Eocene sedimentary sequence. Results of the analyses of…

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  • Great Quest Reports Analyses on 26 Grab Samples from Outcrops of Phosphate Rock Average 24.50% P2 O5

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the results of a preliminary program of sampling and mapping within the 230 sq km Tin Hina phosphate concession in eastern Mali, West Africa. Great Quest holds an 88% interest in the company holding the concession. During the program, 26 grab samples were taken from exposures of rock over a distance of 6,870 metres along the southeast and south side of a hill where a layer of phosphate rock occurs within a Middle Eocene sedimentary sequence. Results of the analyses of…

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  • A Great Quest Subsidiary is Granted an Autorisation d'Exploration on a Malian Phosphate Concession

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is very pleased to announce that the Malian Government granted an Autorisation d'Exploration on a 230 square kilometre phosphate concession, designated as the Tin Hina concession, in the Tilemsi area, eastern Mali, West Africa to Engrais Phosphates du Mali-SA. Great Quest holds an 88% interest in Engrais Phosphates du Mali-SA. A preliminary exploration survey, as required under the terms of the permit, has been completed. During the program, Company geologists outlined a substantial occurrence of phosphate rock on top of a 4,000 x 7,000 metre…

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  • A Great Quest Subsidiary is Granted an Autorisation d'Exploration on a Malian Phosphate Concession

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is very pleased to announce that the Malian Government granted an Autorisation d'Exploration on a 230 square kilometre phosphate concession, designated as the Tin Hina concession, in the Tilemsi area, eastern Mali, West Africa to Engrais Phosphates du Mali-SA. Great Quest holds an 88% interest in Engrais Phosphates du Mali-SA. A preliminary exploration survey, as required under the terms of the permit, has been completed. During the program, Company geologists outlined a substantial occurrence of phosphate rock on top of a 4,000 x 7,000 metre…

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  • Great Quest Reactivates the Baoule River Gold Concession

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the granting of permits, the renewal of an agreement and results of an exploration program on the 207 sq km Baoule River gold concession in southwestern Mali, West Africa. Under the terms of a renewal agreement on the Baoule River concession, Great Quest has the exclusive option of earning a 95% interest, subject to a 1% royalty, by paying approximately $100,000 over a period of four and one half years. All permits necessary for exploration and drilling on the concession have…

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  • Great Quest Reactivates the Baoule River Gold Concession

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the granting of permits, the renewal of an agreement and results of an exploration program on the 207 sq km Baoule River gold concession in southwestern Mali, West Africa. Under the terms of a renewal agreement on the Baoule River concession, Great Quest has the exclusive option of earning a 95% interest, subject to a 1% royalty, by paying approximately $100,000 over a period of four and one half years. All permits necessary for exploration and drilling on the concession have…

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  • Annual General Meeting, New Director, Grant of Options

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Victor Jones, Chairman of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that the Company held its Annual General Meeting yesterday, June 16, 2009, at which time John A. Clarke, Victor J.E. Jones, Mahamadou Keita, Willis W. Osborne and Robert Veitch were elected to the Company's Board of Directors. The Board wishes to thank Scott Hean for his services on the Board and he remains a consultant to the Company in areas of corporate finance and governance. Management is particularly pleased to announce that Dr. John Clarke has been elected to the Board of Directors, as he…

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  • Annual General Meeting, New Director, Grant of Options

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Victor Jones, Chairman of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that the Company held its Annual General Meeting yesterday, June 16, 2009, at which time John A. Clarke, Victor J.E. Jones, Mahamadou Keita, Willis W. Osborne and Robert Veitch were elected to the Company's Board of Directors. The Board wishes to thank Scott Hean for his services on the Board and he remains a consultant to the Company in areas of corporate finance and governance. Management is particularly pleased to announce that Dr. John Clarke has been elected to the Board of Directors, as he…

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  • Update on Tilemsi Phosphate Project

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that it has commissioned a scoping study on the potential of the Tilemsi phosphate project, in eastern Mali, West Africa, which includes further analysis of the domestic market for phosphate in Mali. This study is being prepared for the use of Malian banks in determining the feasibility of extending a loan for the project and is part of the continuing evaluation of this industrial mineral project necessitated by the volatility of industrial mineral prices and demand. The Company's Mali office is continuing its dialogue with Malian banks on…

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  • Update on Tilemsi Phosphate Project

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that it has commissioned a scoping study on the potential of the Tilemsi phosphate project, in eastern Mali, West Africa, which includes further analysis of the domestic market for phosphate in Mali. This study is being prepared for the use of Malian banks in determining the feasibility of extending a loan for the project and is part of the continuing evaluation of this industrial mineral project necessitated by the volatility of industrial mineral prices and demand. The Company's Mali office is continuing its dialogue with Malian banks on…

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  • Great Quest Signs a Letter of Intent for the Acquisition of a 75% Interest in its Kenieba Area Concessions for $2,500,000

    Author: Great Quest | | Categories: 2009

    VANCOUVER, BC - Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that it has executed a letter of intent which gives Avion Resources Corp. (Avion) the right to acquire 75% of its interest in four mineral concessions (the "Property") located adjacent to the south and west sides of the Tabakoto property (see figure). Great Quest previously spent approximately US$3.0 million in expenditures to explore the Property. The Property comprises the Kenieba, Kenieba Est, Comifa and Baroya concessions totalling approximately 50 km2 ("The Concessions"), which, subject to concession renewals, is expected to increase Avion's local property package by…

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