• Great Quest Sampling Program Identifies Gold in Over 8 Albitite Dykes on the Sanoukou Concession

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is very pleased to announce the results of sampling and mapping on the 24 square kilometre Sanoukou gold concession, located in Western Mali, south of and adjacent to the Company's previously sold Kenieba gold concession. Because of a lack of outcrop, mapping and sampling was mainly limited to areas of orpaillage where the local miners, or orpailleurs, had dug pits in the search for gold. Sampling was primarily confined to "reject" material which had been dug out of the pits but discarded in favour…

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  • Great Quest Defines Gold Soil Anomaly on Dabia Ouest Concession

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to report results of an exploration program, consisting of soil and rock sampling and geological mapping, conducted on the Dabia Ouest gold concession early this year. The Dabia Ouest concession, in western Mali, is only 11.6 kilometres south of the Kenieba concession which was recently sold by Great Quest to Avion Gold Corporation for 4.35 million dollars in cash and Avion shares. The soil sample grid consists of 11 east--west lines, 500 metres apart, with samples taken every 50 metres along the lines.…

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  • Great Quest Defines Gold Soil Anomaly on Dabia Ouest Concession

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to report results of an exploration program, consisting of soil and rock sampling and geological mapping, conducted on the Dabia Ouest gold concession early this year. The Dabia Ouest concession, in western Mali, is only 11.6 kilometres south of the Kenieba concession which was recently sold by Great Quest to Avion Gold Corporation for 4.35 million dollars in cash and Avion shares. The soil sample grid consists of 11 east--west lines, 500 metres apart, with samples taken every 50 metres along the lines.…

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  • Great Quest Acquires the Sanoukou Gold Concession in Western Mali

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX-V: GQ; Frankfurt: GQM), is very pleased to announce the signing of an option agreement by its wholly owned Malian subsidiary to acquire the 24 square kilometre Sanoukou gold concession (the Concession), which is south of and adjacent to the Kenieba gold concession in western Mali. The Kenieba concession and two other concessions previously held by the Company, south and adjacent to the Tabakoto-Segala concessions of Avion Gold Corporation, were recently sold to Avion for 4.35 million dollars. Mamadou Keita (M.Sc.Geo), Vice President of Exploration, has formerly worked on…

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  • Great Quest Acquires the Sanoukou Gold Concession in Western Mali

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX-V: GQ; Frankfurt: GQM), is very pleased to announce the signing of an option agreement by its wholly owned Malian subsidiary to acquire the 24 square kilometre Sanoukou gold concession (the Concession), which is south of and adjacent to the Kenieba gold concession in western Mali. The Kenieba concession and two other concessions previously held by the Company, south and adjacent to the Tabakoto-Segala concessions of Avion Gold Corporation, were recently sold to Avion for 4.35 million dollars. Mamadou Keita (M.Sc.Geo), Vice President of Exploration, has formerly worked on…

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  • Great Quest Appoints New Director Grant of Options

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC - Victor J.E. Jones, Chairman of Great Quest Metals Ltd. (TSX-V: GQ; Frankfurt: GQM), is very pleased to announce that Jed Richardson has agreed to join the Company's Board of Directors. Mr. Richardson graduated from the University of Toronto in 1998 with a Bachelor of Applied Science Engineering in Mining. He has worked for Alcan as an Engineer, RBC Capital Markets as a Research Associate and for 5 years as a Research Analyst with Cormark Securities. He is currently a Director and Vice-President of Corporate Development of Amazon Mining (TSX-V: AMZ), a UK registered company, which has potash…

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  • Great Quest Appoints New Director Grant of Options

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC - Victor J.E. Jones, Chairman of Great Quest Metals Ltd. (TSX-V: GQ; Frankfurt: GQM), is very pleased to announce that Jed Richardson has agreed to join the Company's Board of Directors. Mr. Richardson graduated from the University of Toronto in 1998 with a Bachelor of Applied Science Engineering in Mining. He has worked for Alcan as an Engineer, RBC Capital Markets as a Research Associate and for 5 years as a Research Analyst with Cormark Securities. He is currently a Director and Vice-President of Corporate Development of Amazon Mining (TSX-V: AMZ), a UK registered company, which has potash…

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  • Great Quest Acquires Option on Concession in Prolific West Mali Gold Belt

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC -- Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that it has executed an agreement to acquire a 50 sq km, gold concession in western Mali, West Africa. The concession covers an area of extensive orpaillage where the local miners have dug pits for the recovery of gold. The results from soil sampling of past programs have yielded values of up to 4,910 ppb gold. Under the terms of the agreement, to acquire a 100% interest in the concession, the Company is required to pay the owner approximately $120,000 over a period of three years. The 100% interest…

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  • Great Quest Acquires Option on Concession in Prolific West Mali Gold Belt

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC -- Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that it has executed an agreement to acquire a 50 sq km, gold concession in western Mali, West Africa. The concession covers an area of extensive orpaillage where the local miners have dug pits for the recovery of gold. The results from soil sampling of past programs have yielded values of up to 4,910 ppb gold. Under the terms of the agreement, to acquire a 100% interest in the concession, the Company is required to pay the owner approximately $120,000 over a period of three years. The 100% interest…

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  • Great Quest Nets $1,049,485 from Sale of Stock

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC -- Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM) ('Great Quest') reports completion of the sale of 1.5 million shares of Avion Gold Corporation ("Avion" TSX.V: AVR) for proceeds of $1,049,485 ($0.70 per share) as announced January 8, 2010. The sale of these shares reduces the 7,608,696 shares of Avion, held by Great Quest from the sale of its Kenieba gold concession to Avion as reported in our January 8, 2010 news release, to 6,108,696 shares. Although the shares are subject to a 4 month hold period, the Company is allowed to sell to an accredited investor as…

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  • Great Quest Nets $1,049,485 from Sale of Stock

    Author: Great Quest | | Categories: 2010

    VANCOUVER, BC -- Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM) ('Great Quest') reports completion of the sale of 1.5 million shares of Avion Gold Corporation ("Avion" TSX.V: AVR) for proceeds of $1,049,485 ($0.70 per share) as announced January 8, 2010. The sale of these shares reduces the 7,608,696 shares of Avion, held by Great Quest from the sale of its Kenieba gold concession to Avion as reported in our January 8, 2010 news release, to 6,108,696 shares. Although the shares are subject to a 4 month hold period, the Company is allowed to sell to an accredited investor as…

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  • 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 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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