Great Quest Metals Ltd.
TSX VENTURE : GQ
FRANKFURT : GQM

Great Quest Metals Ltd.

January 17, 2007 12:01 ET

Great Quest Starts 6000+ Metre Diamond Drill Program on Kenieba Concession

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 17, 2007) - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX VENTURE:GQ)(FWB:GQM), is pleased to announce the start of drilling on the Djambaye 2 gold zone on the Kenieba concession, western Mali, West Africa. The plans for the first half of the year include an initial 6,000 metre diamond drill program, the building of a camp and the bringing in of an additional drill.

During the 2005 and 2006 programs, Great Quest drilled 34 holes along a 1,100 metre length of the 3,131 metre strike length of the Djambaye 2. Significant intersections of gold were made in 32 of these holes with the deepest intersection of the zone at 110 metres. An inferred mineral resource of 928,787 tonnes of 4.48 grams per tonne (g/t) gold or 133,882 ounces of gold was defined here by Carl Verley (P. Geo.). This estimate did not include a calculation of any bulk tonnage material.

The first phase of the 2007 program will consist of testing the Djambaye 2 zone to depth along the original 1,100 metres of strike length. Phase two will consist of testing this zone further along strike. The third phase will consist of testing some of the other 10 drill-ready zones in the concession, with the bulk of the drilling planned for the Djambaye 1 zone.

Recent field work on the Djambaye 1 gold zone has extended it an additional 250 metres to the north for a total length so far of 1,381 metres. In 2006, drill hole KN 37-06 intersected 7.90 metres of 8.02 g/t gold here. The objective of drilling Djambaye 1 is to begin establishing a mineral resource along this zone.

So far, Great Quest has established a total strike length on the Djambaye 1 and 2 zones and the Kabaye Est zone of 5,077 metres. The company has only drilled 1,100 metres of this to date and a much more aggressive drill program is planned for the future.

Carl Verley (P. Geo.), the Qualified Person pursuant to NI 43-101, has reviewed the contents of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.

Willis W. Osborne, President

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

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The statements that are not historical facts and are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from the targeted results.

The TSX Venture Exchange has neither approved nor disapproved the information enclosed in this release.

Contact Information

  • Great Quest Metals Ltd.
    George Butterworth
    Investor Relations
    (604) 689-2882 or Toll Free: 1-877-325-3838
    (604) 684-5854 (FAX)
    Email: info@greatquest.com
    Website: www.greatquest.com
    or
    Ascenta Capital Partners Inc.
    Jamie Mathers
    Investor Relations
    (604) 684-4743, ext 236 or Toll Free: 1-866-684-4743