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Great Quest Gold Ltd V.GQ

Alternate Symbol(s):  GQMLF

Great Quest Gold Ltd, formerly Great Quest Fertilizer Ltd, is a Canadian mineral exploration company. The Company is focused on the development of African gold projects in Namibia with exposure in Morocco and Mali. The Company’s principal business activities are the exploration and development of exploration and evaluation properties located in Mali, West Africa. The Company’s flagship asset is the Sanoukou Gold Project, encompassing 24 square kilometers (km2) located in the Kayes region in the West of Mali, and developing the Tilemsi Phosphate Project, a 1,206 square kilometer parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. The Tilemsi phosphate project is composed of three concessions: Tilemsi, Tarkint Est and Ader Foul.


TSXV:GQ - Post by User

Bullboard Posts
Comment by fuggeron Jan 21, 2011 5:59pm
295 Views
Post# 18009982

RE: RE: Henry

RE: RE: Henry

....you guys crack me up!

alternatively you could have gone back to a 2008 news release .....

The Operation
The production of saleable Tilemsi phosphate requires a basic miningoperation, the pulverizing and bagging of the material and shipment tothe local market. Once mined, the phosphate ore is transported 105 kmby truck to the Bouram plant. There it is pulverized and placed in 50kilogram bags with no need for separation of phosphate. The bags ofphosphate would then be transported to the large agricultural areas tothe west and along the Niger River by barge and truck. The currentplant is capable of producing 36,000 tonnes per year.

At the request of the Company, Robert Salmon of Merit ConsultantsInternational Inc., Vancouver, also visited the plant and mine site inJune, 2008, to perform a preliminary technical review of the plant andequipment. In his report on the pulverizing and bagging plant Mr.Salmon states, "While there are a number of parts missing from the plantfacilities and there are buildings that are in some disrepair, a lot ofthe basic processing components, including the main generator, are ingood condition requiring some basic refurbishment, cleaning andlubrication." Mr. Salmon estimates that it would take about 8 months toget the operation running again. For the mining operation, majorrepairs are required for a backhoe and a D-8 caterpillar, and theCompany must purchase 3 trucks for hauling the ore. Merit Consultingestimates that to get the entire operation back in running conditionwould require approximately $1,400,000.

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