VANCOUVER, British Columbia, Nov. 09, 2021 (GLOBE NEWSWIRE) -- 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.
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 email@example.com