Tilemsi Bulk Samples Average Above 24% Drilled Inferred Resource Grade
March 26, 2014 (Source: Marketwired) — Great Quest Metals Ltd (the “Company” or “Great Quest”) (TSX VENTURE: GQ) is pleased to report positive results from field work at the Tilemsi Phosphate project in Mali, West Africa. Bulk sampling was conducted in October 2013, for the purposes of testing for detailed engineering and for the fabrication of beneficiated phosphate product for 2014 field demonstrations. Analysis of the material has returned grades notably higher than the drill inferred resource grade.
Outcrop samples AFL17 through AFL20 are the first results from the Aderfoul license and prove its prospectivity – with phosphate grades in excess of 30% P2O5. These new results extend mineralization for more than 1000m along strike from the boundary of the resource block of Tin Hina (20MT at 24.24% P2O5).
A total of 6.5 tonnes of material was collected from 21 pits and cliff faces, and each assayed individually. Grades ranged from 26.3% to 33.9% P2O5, giving an average of 29.93% P2O5. The bulk sample assays compare favorably with the average grade of the inferred resource of 50 MT at 24.3% P2O5.
The bulk samples taken in October were compared to the closest rotary air blast drill hole results used in determining the inferred resource. The larger bulk sample grades were all higher than the drill holes by variable amounts (see attached map). The current results corroborate pit sampling results from late 2011 (see PR from February 1st, 2012), which demonstrated average results higher by about 5% P2O5– 29.3% P2O5 in the pit samples as compared with 24.1% P2O5 from adjacent drill holes.
The rotary air blast drill was used for the resource estimate as at the time there was no other alternative available. The results recorded during this bulk sample program both from pits and outcrops sampling suggest that the grades of resources at Tilemsi were underestimated.
Jed Richardson, President and CEO, commented on the results, “Beyond the positive grade surprise, the bulk sampling program itself was an important milestone, as the first field program conducted since trouble in Mali’s north forced a cessation of field work in December 2011. Security in the region continues to improve giving the Company the confidence to continue on site work, and move forward with pilot scale production.”
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The Company would also like to report that it has successfully renewed the permit relating to the Sonoukou gold project, with the Malian Ministry of Mines. All permits are in good standing, and the Company enjoys a collaborative relationship with the Malian administration.
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The technical information of this news release has been reviewed and approved by Jed Diner (P. Geol), a qualified person for the purposes of National Instrument 43-101.
About Great Quest
Great Quest Metals Ltd. is a Canadian mineral exploration company focused on the development of African agricultural mineral projects for local production of farm ready fertilizers. The Company’s flagship asset is the Tilemsi Phosphate Project, encompassing 1,206 km² in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.
President, Chief Executive Officer and Director
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. We seek safe harbor.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>