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Great Quest Accelerates Phosphate Exploration

02.06.2011  |  Marketwire

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/02/11 -- Victor J.E. Jones, Chairman and CFO of Great Quest Metals Ltd. (TSX VENTURE: 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 km(2) 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 km(2) 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 Company's website at www.greatquest.com.


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 Company's 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 l'Office Cherifien 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 Benguerir 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, 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 km(2)in eastern Mali. It 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).


12g3-2(b) Exemption #82-3116


Standard & Poor's Listed


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.


Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Great Quest Metals Ltd.

George Butterworth

Investor Relations

604-689-2882 or Toll Free: 877-325-3838

604-684-5854 (FAX)
info@greatquest.com
www.greatquest.com



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