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GREAT QUEST ACCELERATES PHOSPHATE EXPLORATION
GQ Logo
Suite 515, 475 Howe Street
Vancouver, BC, Canada V6C 2B3
Tel: 604-689-2882 Website: www.greatquest.com
Fax: 604-684-5854 Email:
June 2, 2011
Great Quest Accelerates Phosphate Exploration
VANCOUVER, BC Victor J.E.
Jones, Chairman and CFO of Great Quest Metals
Ltd.
(TSXV: GQ; Frankfurt: GQM), is pleased to report that the Company is
mobilizing a second air-core drill to be onsite for its Tilemsi phosphate
project in Eastern Mali next week, to accelerate the exploration program.
The drilling program is targeting several hills within the 737 km2 project
area where geological reconnaissance and remote sensing data have indicated
the potential for extensive occurrences of natural phosphate rock P2O5.
The
principal uses of phosphate rock are as a direct application fertilizer and
the production of phosphoric acid for beneficiated fertilizers.
To date over 38 drill holes have been completed on 500 m grid spacing to
cover an area of about 10 km2 within the Alfatchafa hill target with visible
phosphate intercepts in over half of the holes.
Depth to the top of the
visible phosphate horizon varies between 1-23 m and thickness varies between
0.5-2.0 m.
The thickening of the phosphate bearing bed beyond 1.0 m in some
of the drill holes has been a positive surprise.
The Company has executed a
new contract to provide two drill rigs for the project which will continue
initial drilling on 500 m grid spacings on the various target hills and
follow up infill drilling on 250 m spacings, as planned for this 800 hole
Phase 1 program.
As anticipated, estimates of the thickness of the
phosphate (P2O5) horizon vary and will be better confirmed by x-ray
fluorescence analysis.
Samples are being prepared in Bamako, Mali, for
onward shipment to Vancouver, BC for XRF and multi-element analysis.
Initial reconnaissance work in 2009 by the Company on the Alfatchafa hill
identified phosphate mineralization along the perimeter (News Release dated
August 20, 2009) with phosphate grades from 26 samples ranging from 5.11% to
33.05% P205, with an average of 24.5% P2O5.
Subsequent analysis of remote
sensing data from the project area carried out earlier this year suggests
extensive apparent phosphate mineralization associated with Alfatchafa and
several of the surrounding hills.
The analysis is presented on the
Companys website at www.greatquest.com.
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GQ Logo
News Release
June 2, 2011
Page Two
The Tilemsi phosphate deposits occur in a similar geological sedimentary
setting to the phosphate deposits found in Morocco and are of Eocene period.
The current program represents the first comprehensive drilling and
geological program on the Companys two phosphate concessions, Tarkint Est
and Tilemsi (Tin Hina).
In Morocco, the 2nd largest exporter of phosphate rock, production comes
primarily from four main phosphorite deposits controlled by lOffice
Chrifien de Phosphates du Maroc, OCP.
OCP reports some 85,000 Mt of
phosphorite resources hosted in upper cretaceous, Paleocene and Eocene
sediments.
At the OCP Bengurir mine just north of Marakesh mineable
phosphate-rich beds range from 1 m to 3 m in thickness and grade 22% to 28%
P2O5.
The drilling on the Tilemsi project is continuing and further reports will
be made as results become available.
Jed Diner (P Geo) is the Qualified Person responsible in accordance with NI
43-101 with the review and approval of the contents of this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS
OF GREAT QUEST METALS LTD.
Victor J.E.
Jones
Victor J.E.
Jones
Chairman
Great Quest Metals Ltd.
is a Canadian mineral exploration company carrying
out exploration in Mali, West Africa.
The Company is focused on developing
the Tilemsi Phosphate Project, encompassing 737 km2 in eastern Mali.
It is
also holds several gold concessions in the productive Birimian gold belt in
western Mali.
Great Quest is listed on TSX Venture Exchange (GQ), and the
Frankfurt Stock Exchange (GQM).
For additional information please contact:
12g3-2(b) Exemption #82-3116
Investor Relations:
Standard & Poors Listed
George Butterworth: 604-689-2882
Trading Symbol: GQ Frankfurt Exchange: GQM
Toll Free: 877-325-3838
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
The
statements that are not historical facts and are forward-looking statements
involving known and unknown risks and uncertainties could cause actual
results to vary materially from the targeted results.
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