Great Quest receives Mali phosphate permits

Vancouver-Great Quest Metals reports that it has been issued two government mining permits in respect to its Tin Hina and Tarkint Est phosphate concessions in eastern Mali. The permits, which cover 737 sq kilometers and are known as the Convention d’Etablissement, are a step forward for the company in its quest to begin a multi-phase drilling and exploration program on target areas within both concessions. The properties form part of the company’s Tilemsi phosphate project, for which the first stage of exploration is an extensive drilling program of shallow holes required to establish an initial NI 43-101 compliant resource estimate in the area. “We are very pleased to receive these permits, which move us closer to drilling and exploring for phosphate, and this further demonstrates the commitment of the Ministry of Mines to the mining industry and the importance of a domestic source of phosphates for the Malian agricultural sector,” said Mamadou Keita, Great Quest director and vice president of exploration. Great Quest acquired the Tin Hina concession through a direct application to the government of Mali. It is held by a Malian company owned 88 percent by Great Quest. With Tarkint Est, Great Quest has the rights to earn a 97 percent interest, subject to a 3 percent carried net profit interest.