Great Quest Announces Collaboration with Tadine Plus and Entry into Moroccan Gold Exploration
November 09 2021 - 9:00AM
Great Quest Fertilizer Ltd (TSXV:GQ) (“Great Quest” or “the
Company”) is pleased to announce an option to acquire Moroccan
Explorer Tadine Plus, developing the Bas Draa and Taznakt
Ouarzazate exploration prospects.
The Bas Draa prospect is the primary focus. It
encompasses three mining permits and three exploration permits. The
area of interest is situated in the south-western part of the
Anti-Atlas which is a WSW-ENE trending chain of hills and
mountains. This chain is composed of a Paleo-proterozoic basement
overlain by late Neoproterozoic to mid-Paleozoic strata which have
been faulted and folded during the Hercynian Orogeny in the extreme
south of Morocco proper. Located in the area referred to as the
gateway to the desert, near to the town of Tan Tan, the property
has massive quartz intrusions that can be followed at surface for
over 6 kilometres. Preliminary work was completed by British
explorationists between 2007 and 2009. Gold grades ranging from 147
g/t and 3.5 to 56 g/t have been recorded on the main area
respectively on AK1 and AK4 structures. Great Quest collected four
grab samples from the structures identified at surface and
completed a multi element analysis. Gold grades recorded are given
below.
- F4 – 12.73
g/t
- F3 – 8.52
g/t
- F2 – 0.50
g/t
- F1 – 0.61
g/t
The samples also contained anomalous levels of
copper and zinc.
The Taznakt Ouarzazate exploration project is
comprised of five exploration permits, also in the Anti-Atlas but
further north in the Errachidia region.
Jed Richardson, President and CEO of Great
Quest, commented, “The arrangement with Tadine Plus is a new
strategic move for Great Quest, giving the company and our
investors exposure to new projects, also diversifying our risk
exposure away from Mali. We continue our work in Mali on the
Sanoukou Gold project, while we are seeking strategic alternatives
for the Tilemsi Phosphate project.”
Samples were analyzed at Analyse Developpement
Minier in Marrakech. Morocco. Gold was analyzed using fire assays
and spectral analysis Mr. Diner (P.Geol.) has approved the contents
of this News Release in relation to the Sanoukou Project. Jed Diner
(M.Sc., P.Geol.) is a Qualified Person (QP) pursuant to NI
43-101.
About Great Quest
Great Quest Fertilizer Ltd. is a Canadian
mineral exploration company focused on the development of African
gold projects. The Company’s flagship asset is the Sanoukou Gold
Project, encompassing 24 km2 located in the Kayes region to the
West of Mali and developing the Tilemsi Phosphate Project a 1,206
km² parcel 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 FERTILIZER LTD.
“Jed Richardson” 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.
This news release may contain forward-looking
statements. These statements include statements regarding the
resumption of trading of the Company’s shares and the Company’s
future plans and objectives. These statements are based on current
expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of
factors discussed in the management discussion and analysis section
of our interim and most recent annual financial statements or other
reports and filings with the TSX Venture Exchange and applicable
Canadian securities regulations. We do not assume any obligation to
update any forward-looking statements, except as required by
applicable laws.
The map is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/36389e8d-1bd1-40c6-a9b8-26c52aa97600
For more information:
Please contact Jed Richardson by email at info@greatquest.com
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