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
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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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The 2007 Drill Program on the Taseko Property is the Basis for a Much Larger Drill Program in 2008
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the successful completion of the 2007 drill program on the copper-gold-molybdenum Taseko property, 225 kilometres north of Vancouver, BC. The program was focused on the Empress deposit and on the Granite Creek zone, 190 metres to the north of the Empress deposit. The objective of the program was to define the trend of mineralization as well as geological setting in preparation for a much larger, 30-hole program in 2008. The first objective of the program was to establish the trend of…
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The 2007 Drill Program on the Taseko Property is the Basis for a Much Larger Drill Program in 2008
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the successful completion of the 2007 drill program on the copper-gold-molybdenum Taseko property, 225 kilometres north of Vancouver, BC. The program was focused on the Empress deposit and on the Granite Creek zone, 190 metres to the north of the Empress deposit. The objective of the program was to define the trend of mineralization as well as geological setting in preparation for a much larger, 30-hole program in 2008. The first objective of the program was to establish the trend of…
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Great Quest Announces a $17,474 Increase to Total $1,169,474 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 report an increase in the best efforts, non-brokered private placement, of $14,275 to $405,876 in non-flow-through funds and an increase of $3,199 to $764,599 in flow-through funds. The non-flow-through private placement consists of 1,927,976 units priced at $0.21 per unit. Each unit consists of one common share and one, two year, transferable share purchase warrant, which will entitle the holder to purchase one additional common share of the Company's capital stock at a price of $0.30 in the first year from…
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Great Quest Announces a $17,474 Increase to Total $1,169,474 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 report an increase in the best efforts, non-brokered private placement, of $14,275 to $405,876 in non-flow-through funds and an increase of $3,199 to $764,599 in flow-through funds. The non-flow-through private placement consists of 1,927,976 units priced at $0.21 per unit. Each unit consists of one common share and one, two year, transferable share purchase warrant, which will entitle the holder to purchase one additional common share of the Company's capital stock at a price of $0.30 in the first year from…
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Great Quest Raises $1,152,000 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 report a best efforts, non-brokered private placement, of $390,600 in non-flow-through funds and 761,400 in flow-through funds. The non-flow-through private placement consists of 1,860,000 units priced at $0.21 per unit. Each unit consists of one common share and one, two year, transferable share purchase warrant, which will entitle the holder to purchase one additional common share of the Company's capital stock at a price of $0.30 in the first year from closing and $0.40 in the second year. The flow-through private placement…
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Great Quest Raises $1,152,000 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 report a best efforts, non-brokered private placement, of $390,600 in non-flow-through funds and 761,400 in flow-through funds. The non-flow-through private placement consists of 1,860,000 units priced at $0.21 per unit. Each unit consists of one common share and one, two year, transferable share purchase warrant, which will entitle the holder to purchase one additional common share of the Company's capital stock at a price of $0.30 in the first year from closing and $0.40 in the second year. The flow-through private placement…
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Great Quest Raises $1,152,000 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 report a best efforts, non-brokered private placement, of $390,600 in non-flow-through funds and 761,400 in flow-through funds. The non-flow-through private placement consists of 1,860,000 units priced at $0.21 per unit. Each unit consists of one common share and one, two year, transferable share purchase warrant, which will entitle the holder to purchase one additional common share of the Company's capital stock at a price of $0.30 in the first year from closing and $0.40 in the second year. The flow-through private placement…
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Great Quest Mobilizing to Drill on Copper-Gold-Molybdenum Taseko Property
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Company will be starting a 1,600 metre diamond drill program on its Taseko copper-gold-molybdenum property, located 225 kilometres north of Vancouver, BC this week. The Company will be focusing on 2 target areas. The first target area is in and around the Empress deposit where the Company has a pre 43-101 mineral resource of 11,078,000 tons of 0.61% copper and 0.023 ounces per ton gold. The objective of drilling here is to increase the mineral resource as well as…
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Great Quest Mobilizing to Drill on Copper-Gold-Molybdenum Taseko Property
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Company will be starting a 1,600 metre diamond drill program on its Taseko copper-gold-molybdenum property, located 225 kilometres north of Vancouver, BC this week. The Company will be focusing on 2 target areas. The first target area is in and around the Empress deposit where the Company has a pre 43-101 mineral resource of 11,078,000 tons of 0.61% copper and 0.023 ounces per ton gold. The objective of drilling here is to increase the mineral resource as well as…
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Great Quest Intersects 5.70 Metres of 2.81 Grams per Tonne Gold on the Djambaye 1 Gold Zone
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the latest results from the drill program on the Kenieba gold concession, western Mali, West Africa. The results are from drill holes on the Djambaye 1 gold zone, which is 285 to 460 metres east of the main Djambaye 2 gold zone, where most of the drilling thus far has taken place. The objective of the 2007 program on the Djambaye 2 zone has been to augment the 2006 mineral resource estimate on the zone and to test additional zones…
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Great Quest Intersects 5.70 Metres of 2.81 Grams per Tonne Gold on the Djambaye 1 Gold Zone
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the latest results from the drill program on the Kenieba gold concession, western Mali, West Africa. The results are from drill holes on the Djambaye 1 gold zone, which is 285 to 460 metres east of the main Djambaye 2 gold zone, where most of the drilling thus far has taken place. The objective of the 2007 program on the Djambaye 2 zone has been to augment the 2006 mineral resource estimate on the zone and to test additional zones…
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Great Quest Closes $751,750 Private Placement with the MineralFields Group
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the closing of a non-brokered private placement with the MineralFields Group of 860,000 flow-through units at $0.70 per unit for proceeds of $602,000 and 230,385 non flow-through units at $0.65 per unit for proceeds of $149,750. The Company is very pleased to be entering into a relationship with the MineralFields Group, which is an important milestone in the growth of Great Quest, and Company management looks forward to working with the MineralFields Group through the development of the copper-gold-molybdenum Taseko…
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Great Quest Closes $751,750 Private Placement with the MineralFields Group
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the closing of a non-brokered private placement with the MineralFields Group of 860,000 flow-through units at $0.70 per unit for proceeds of $602,000 and 230,385 non flow-through units at $0.65 per unit for proceeds of $149,750. The Company is very pleased to be entering into a relationship with the MineralFields Group, which is an important milestone in the growth of Great Quest, and Company management looks forward to working with the MineralFields Group through the development of the copper-gold-molybdenum Taseko…
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Great Quest to Drill Three Targets on the Copper-Gold-Molybdenum Taseko Property Financing Approved
VANCOUVER, BC - July 23, 2007 -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the TSX Venture Exchange approval of a $337,500 flow-through financing and that the Company is mobilizing for a 1,600 meter drill program on its Taseko property in British Columbia. The Taseko property is the Company's original project and ASARCO Incorporated (ASARCO) was brought in as a joint venture partner. In 1991, ASARCO commissioned a pre-feasibility study to be completed on the Empress deposit in the Taseko property by James Askew and Associates, Inc. Mining, Geological and Geochemical…
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Great Quest to Drill Three Targets on the Copper-Gold-Molybdenum Taseko Property Financing Approved
VANCOUVER, BC - July 23, 2007 -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the TSX Venture Exchange approval of a $337,500 flow-through financing and that the Company is mobilizing for a 1,600 meter drill program on its Taseko property in British Columbia. The Taseko property is the Company's original project and ASARCO Incorporated (ASARCO) was brought in as a joint venture partner. In 1991, ASARCO commissioned a pre-feasibility study to be completed on the Empress deposit in the Taseko property by James Askew and Associates, Inc. Mining, Geological and Geochemical…
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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…
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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…
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Great Quest Announces Additional Financing for Projects
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce a best efforts, non-brokered private placement, of 300,000 units at $4.30 per unit to raise $900,000 in flow-through funds and $390,000 in non-flow-through funds. Each unit consists of four flow-through shares, priced at $0.75 per share, and two non-flow-through shares priced at $0.65, as well as three transferable warrants. In total, this equates to 1,800,000 shares and 900,000 warrants. Each warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.80 for…
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