Great Quest Metals
Great Quest Metals snares 50 sq km gold concession in Mali
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.
Other Great Quest Metals articles
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03/11/09 Great Quest Metals completes $2.36 million agreement with Avion Gold
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21/08/09 Great Quest Metals’ development efforts are moving forward at the Tin Hina phosphate concession
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09/07/09 Great Quest Metals – Gearing up to revive Gold projects in Mali
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23/04/09 Great Quest Metals forms an alliance with Avion Resources to develop four concessions
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08/04/09 Great Quest Metals secures financing for Tilemsi Phosphate Project
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07/11/08 Great Quest is Granted the Right to Acquire a Majority Interest in the Tilemsi Phosphate Project in Mali
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