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

Great Quest Metals Ltd.

December 07, 2006 13:06 ET

Great Quest to Start a 6,000 Metre Drill Program on Kenieba Gold Concession

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 7, 2006) - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX VENTURE:GQ)(FWB:GQM), is pleased to announce the start of a minimum 6,000-metre diamond drill program next week. The main focus of the program will be on the company's featured Djambaye 2 gold zone on the Kenieba concession, western Mali, West Africa, which has been traced for 3,131 metres to date. Initially, one drill will be on site, with additional drills added once construction of a camp has been completed.

In 2005 and 2006, Great Quest drilled 34 holes over a 1,100-metre length of the 3,131 metre Djambaye 2 gold zone with the deepest intersection of the zone at 110 metres. Significant intersections were made in 32 of these holes as reported in news releases dated May thru September 2005 and May thru July 2006. In order to determine the potential of this zone, Great Quest commissioned Carl Verley (P. Geo.) to complete a preliminary mineral resource survey. Mr. Verley estimated an inferred mineral resource of 928,787 tonnes of 4.48 grams per tonne gold or 4,164,200 grams in total, which equates to 133,882 ounces of gold. In determining the inferred mineral resource, Mr. Verley concentrated on high-grade intercepts in the central vein system and did not include potential bulk tonnage material. Closer spacing of drill holes will be required to confirm the bulk tonnage potential of the area.

Great Quest has also scheduled drilling on the 1,131 metre Djambaye 1 gold zone, located 500 metres east of Djambaye 2 in the Kenieba concession. Two holes previously intersected this zone: KN 02-03, drilled in 2003, intersected 29.8 metres of 0.66 grams per tonne (g/t) gold and KN 37-06, drilled in 2006, intersected 7.9 metres of 8.02 g/t gold.

The Kenieba concession is five kilometres south of Nevsun Resources' Tabakoto mine, which opened earlier this year. The geology of the Tabakoto and the Djambaye 2 gold zones are very similar, with gold in quartz veins associated with rhyodacite and diorite dykes. Once the Tabakoto open pit reaches a depth of 200 metres, Nevsun plans to move underground. To date, the deepest intersection of the Tabakoto zone is at 600 metres.

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

Standard & Poor's Listed

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