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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: GQ
Latest Price: 2.19  (4.29% Ascending)
52-week High: 4.74
52-week Low: 1.48
Market Cap: 93.74M
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Great Quest Metals
www.greatquest.com/s/Home.asp

Great Quest Metals Ltd. is a Canada-based company engaged in the exploration and development of mineral concessions in Mali and Canada. The Company’s projects in Mali includes the Tilemsi Phosphate Project, Kenieba-Baroya, Bourdala and Kenieti Diamond Concession.

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Great Quest Metals snares 50 sq km gold concession in Mali

18th Jan 2010, 7:13 pm

Great Quest Metals (TSX-V: GQ) has snared a 50 square kilometre gold concession in Mali, West Africa. Mali is a hot bed of activity for gold exploration. Great Quest Metals is no stranger to West Africa either, having outlined a NI 43-101 compliant resource on the Djambaye 2 gold zone which is situated in the Kenieba concession, which it sold to Avion Gold earlier this month.


“The Company will be building on its past success and using the knowledge of its geological team to acquire and explore additional concessions in the area for their gold potential,” Great Quest Metals stated.


Great Quest Metals is paying $120,000 over a three year period for the concession, and is subject to a 5% carried net profit interest and a 10 to 20% interest as required by the Malian Government on production. 


Little additional information was disclosed by the junior gold explorer,  but the company did note that soil sampling from “past programs” had yielded gold values up to 4,910 ppb.  The concession has also received the attention of artisanal miners, who have numerous pits.

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