🕐03.06.10 - 17:51 Uhr
Great Quest Sampling Program Identifies Gold in Over 8 Albitite Dykes on the Sanoukou Concession
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 3, 2010
Great Quest Sampling Program Identifies Gold in Over 8 Albitite Dykes on the
Sanoukou Concession
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 Companys 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 of higher grade material which was typically crushed and
panned by the orpailleurs to recover the gold.
This news release reports on
results from 212 of the 248 samples taken.
The method of mapping, described above, has defined at least 8 felsic dykes,
megascopically described as albitite, within the concession.
Below is a
table with results from grab samples taken along various lengths of the
dykes from east to west (a map is attached):
Name
Length (m)
No.
of Samples
Gold Low-High
Parts per Billion (ppb)
Average ppb
Grams per Tonne Equivalent
Daganiaba
2,086
16
10 - 14,200
3,559
3.56
Daganiaba Ouest
978
4
725 - 25,975
10,614
10.61
Daganiani
3,587
26
17 - 15,962
1,932
1.93
Dansilato
2,424
31
42 - 13,937
2,248
2.25
Findikalato
2,076
26
25 - 25,975
1,726
1.73
These results are considered to be very positive especially considering the
fact that the material sampled was reject material, however the results must
be confirmed by drilling.
Most of the samples consisted of albitite,
albitite with quartz veins, saprolite and saprolite with quartz veins.
The
Dansilato and Findikalato dykes were traced southwest to a laterite hill
where the orpailleurs were unable to dig their pits.
The dykes, however,
continue 565 metres to the south on the other side of hill.
Seven samples
taken over a length of 4,021 metres from one of these dykes, south of this
hill and north of the town of Sanoukou, averaged 6,138 ppb or 6.14 g/t gold.
Also, north of the town of Sanoukou, 5 dykes occur within a width of 445
metres.
.
.
.
/2
GQ Logo
News Release
June 3, 2010
Page Two
The mapping and sampling program has established multiple drill targets.
The timing of the drill program will depend on the availability of a drill
and the start of the rainy season.
The objectives of the program will be to
determine the grade and continuity of gold in the various dykes, test for
additional dykes and to determine whether gold occurs in the metasediments
surrounding the dykes.
Great Quest has an option to acquire a 100% interest in the Sanoukou
concession from the Owner, subject to a 5% carried net profit interest, by
paying $137,000 over 4 years.
The Sanoukou concession is south of and adjacent to the Companys previous
gold concession which was recently sold to Avion Gold Corporation for $4.35
million in cash and shares.
The Great Quest team previously established a
NI 43-101 compliant mineral resource of 324,000 ounces of gold at a grade of
3.92 grams per tonne in quartz veins mainly within 2 albitite dykes in the
Djambaye 2 gold zone.
It is thought that some of the dykes on the Kenieba
concession extend south into the Sanoukou concession.
Samples were processed by ALS Chemex in Bamako, Mali.
The samples were
crushed, split and pulverized.
Thirty grams from each sample were tested
for gold by fire assay-AA.
All samples with initial results over 10,000 ppb
had two additional determinations by gravimetric, 30 gram fire assay.
Carl
G.
Verley (P.Geol), the Qualified Person pursuant to NI 43-101, has reviewed
the contents of this news release.
In other news, all of the 1,587,500 warrants from the private placement,
announced on April 7, 2009, were exercised at $0.10 before the May 21, 2010
expiry date, thus adding $158,750 to the Companys treasury.
ON BEHALF OF THE BOARD OF DIRECTORS
OF GREAT QUEST METALS LTD.
"Willis W.
Osborne"
Willis W.
Osborne
President
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.