Great Quest Drills 18m of 1.72 g/t Au including 8m at 3.72g/t Au at its BK2 Target, Namibia

Figure 1: Rock chip samples from Belmont highlighting the 15 individual target zones (Graphic: Business Wire)
Business Wire
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Figure 2: Map indicating the BK2, Annex and BK11 trend defined by high-grade rock chip float samples (Graphic: Business Wire)
Figure 3: Map showing the location of hole BKDD003 plotted on a detailed lithological base map showing the extent of the surface cover (Graphic: Business Wire)
Figure 4: Pictures from BKDD003 drill core; A) visible gold B) & C) massive sulphide zone comprising pyrite and pyrrhotite D) quartz vein with pyrite E) quartz vein with pyrrhotite and bleached arkosic wall rock (Graphic: Business Wire)

TORONTO, September 30, 2024--(BUSINESS WIRE)--Great Quest Gold Ltd. (TSX-V: GQ) ("Great Quest" or the "Company") is pleased to announce drill results from its maiden diamond drilling campaign at the Belmont project totalling 570m.

Highlights

  • Hole BKDD003 intersected 18m of 1.72 g/t Au from 74m including 8m of 3.72 g/t Au

  • BKDD003 also intersected multiple points of visible gold within the 18m zone of mineralization

  • BKDD003 confirms the down-dip extension of the previously intersected 6m of 6.85 g/t Au from 20m at the BK2 target

About the Belmont Project

The Belmont Project ("Belmont") is a Greenfield target with no historical record of gold mineralization. Belmont was discovered in 2022 through surface geochemistry and currently comprises a zone of 72 km2 situated between two major regional structures, the Khorixas-Gaseneirob Thrust and the Belmont Thrust in Namibia. Approximately 90% of the prospect is obscured by calcrete and scree cover. Limited work, including rock chip sampling, soil sampling (also calcrete sampling), trenching and a few shallow percussion drillholes, has identified 15 target areas within the Belmont corridor (Fig. 1). Multiple visible gold samples have been observed in surface rock chips, and grab sample assays peak at 145.7 g/t Au and soil sampling peaking at 1.49 g/t Au. Individual anomalies appear to coincide with smaller-scale conjugate "splay" structures located between the two thrusts. Extensive calcrete cover and a lack of detailed geophysical data has, however, limited our understanding of mineralization controls.

BK2 Target

The BK2 target area is predominantly defined by a NW/SE trend of high-grade surface float samples. Approximately 95% of the target area is covered by a 1-5m thick calcrete cover, with small patches of sulphide-rich quartz zones outcropping. The BK2 rock chip trend can be traced for approximately 1.5km, however, when combined with the down strike Annex and BK11 targets this trend increases to approximately 5km (Fig. 2). Limited outcrop suggests that the mineralization is associated with structurally controlled quartz veins hosted in altered muscovite-chlorite schists and arkosic sandstones (Fig. 3). Alteration is typically associated with mineralized zones and includes: silicification, chloritization and iron-carbonate replacement of host rock.

Diamond Drilling

A total of 570m of diamond drilling was completed as part of a maiden scout drilling campaign by the Company (Table 2). Drilling was conducted at the VG Hill target (BKDD001 & BKDD002) and the BK2 target (BKDD003 & BKDD004). The best hole, BKDD003, intersected multiple quartz and sulphide-rich zones between 74m and 92m downhole, including a 1m zone of massive sulphide comprising pyrite and pyrrhotite (Fig. 4B & C). Assay results for this hole reported 18m of 1.72 g/t Au from 74m including 8m of 3.72 g/t Au. Drilling also intersected 2 points of visible gold at 84.4m and 86.1m with individual meters only assaying 0.5 g/t Au and 0.08 g/t Au respectively (Fig. 4A). The nuggety nature of mineralization at the BK2 target has been observed in surface samples and all assays were therefore analyzed using the screen fire assay method. It is, however, expected that due to the nuggety nature of this system, some gold might be missed even while using the screen fire assay method.

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