A Great Quest Subsidiary is Granted an Autorisation dExploration on a Malian Phosphate Concessionadmin
Willis W. Osborne, President of Great Quest Metals Ltd., announce that the Malian Government granted an Autorisation d’Exploration on a 230 square kilometre phosphate concession, designated as the Tin Hina concession, in the Tilemsi area, eastern Mali, West Africa to Engrais Phosphates du Mali-SA. Great Quest holds an 88% interest in Engrais Phosphates du Mali-SA.
A preliminary exploration survey, as required under the terms of the permit, has been completed. During the program, Company geologists outlined a substantial occurrence of phosphate rock on top of a 4,000 x 7,000 metre hill. A total of 58 samples from 6 pits and 31 outcrops were taken within the concession during the program. The samples have been submitted for assay to determine the content of P2 O5, contained mainly in the mineral, apatite.
The Company will not be acquiring either the Tamaguilelt phosphate deposit or the 36,000 tonne-per-year phosphate plant in Bourem; nevertheless, it will continue to evaluate the Tin Hina concession as well as other phosphate opportunities in the area. This strategic acquisition will help position the Company in the very important fertilizer sector within the agricultural industry.