Great Quest Metals (TSX-V: GQ) is focused on Mali, where it holds concessions prospective for large scale phosphate deposits and several early stage gold projects.

Other significant mineral deposits are in close proximity to Taseko, including Barrick Gold’s (TSX:ABX, NYSE:ABX) Poison Mountain Property and Taseko Mines’s (TSX:TKO, AMEX:TGB) Prosperity Deposit

In the junior mining space forming alliances to develop prospects is considered a good sign, as it generally leads to an accelerated development programme. In what could be a similar development Canadian Venture and Frankfurt listed Great Quest Metals Ltd. (TSX.V: GQ, Frankfurt: GQM) have executed a definitive agreement with Avion Gold Corporation (TSX.V: AVR) to acquire 75% of GQ’s interest in three mineral concessions located adjacent to the south and west sides of the Tabakoto property. GQ previously spent approximately US$3.0 million in expenditures to explore the properties.

Great Quest Metals has wasted no time since its acquisition of Tin Hina phosphate concession in eastern Mali, West Africa.

It has been challenging times for junior mining companies around the world. In the face of weak capital markets and falling metal prices mining companies have been hard pressed to raise funds to finance their exploration programmes

Mountain Lake Resources (CVE:MOA) (OTC:MLKRF) Thursday said it will be acquired by Marathon Gold (TSE:MOZ) in a  $15.1 million deal that will see Marathon assume 100 per cent control of the two companies' Valentine Lake joint venture in Newfoundland.

A recent resource upgrade highlighted the world-class potential of Elemental Minerals’ Kola potash deposit, which is part of its Sintoukola property in the Republic of Congo. The company has deliberately remained below the radar, allowing the project to speak for itself. The latest results promise to lift the veil of anonymity.

EurOmax Resources' (CVE:EOX)(OTCQX:EOXFF) share consolidation is the first step in a process that will transform the junior explorer into a London-based exploration and development company.

Silver Bull Resources (TSE:SVB)(AMEX:SVBL) Tuesday said a new NI 43-101 report currently being completed will show a 39 per cent increase in the open pittable resources at the Shallow Silver Zone at its Sierra Mojada project in Mexico.

Geomega Resources (CVE:GMA) unveiled Thursday preliminary metallurgical results from its Montviel rare earths-niobium project near Level-sur-Quévillon, Québec, with recoveries as high as 97% total rare earth oxides (TREO).