Great Quest Gold Updates on Belmont Prospect Advancements
Great Quest Gold Ltd. (TSX-V: GQ) is thrilled to share important updates concerning its Belmont prospect. This new information not only informs our investors about exciting developments but also includes the transition within our Board of Directors.
Key Developments at Belmont Prospect
Utilizing a blend of surface geochemistry, geophysics, and geological mapping, we have successfully defined 18 distinct targets at the Belmont Prospect. This analysis sets the stage for a drilling campaign that is set to begin early next year.
Highlights of Recent Findings
Here are some significant highlights from our recent assessments:
- Assays have been received for over 2,000 calcrete samples, alongside hundreds of soil and rock-chip samples.
- The highest-grade rock-chip sample returned a remarkable 12.45 g/t Au.
- Notably, the most elevated soil sample yielded an impressive 611ppb Au.
- A comprehensive drone magnetic survey covering 1,543 km has been completed.
- The geochemical analysis has effectively unveiled 18 individual targets within the Belmont prospect.
Surface Geochemistry Insights
In total, we conducted rigorous sampling work, including 2,139 calcrete and 376 soil samples, which were taken systematically over a grid. This meticulous approach aimed to enhance the surface geochemical resolution. The results, when coupled with prior surface geochemical data, have revealed several robust surface anomalies.
The Role of Drone Surveys
A significant feat was accomplished with the drone-based magnetic survey. Covering an impressive expanse, this survey operated efficiently at a flight altitude of 25 meters. The advanced technology employed provided valuable data that enhanced our understanding of structural features in the area.
Understanding Our Target Areas
After integrating available exploration datasets, a detailed target map for the Belmont prospect was constructed. Each area was examined and divided into smaller sub-targets, leading to the identification of numerous distinct targets. These include:
- BK1: A high-priority target marked by a significant calcrete geochemical anomaly.
- BK2: This target reveals intriguing insights with exceptional rock chip trends.
- BK3: Defined by several grab samples indicating elevated gold presence.
- BK4: This area features notable gold values adjacent to the Belmont Thrust.
Additional Target Highlights
The prospect's complexity is evident with many targets showcasing unique characteristics and potential:
- BK8 is highlighted by a significant anomaly of gold in soil.
- BK10 is notable for being covered by a thick calcrete cap.
- The VG Hill target has surprised us with visible-gold-bearing quartz veins.
Future Directions
The groundwork laid by our recent soil and calcrete sampling initiatives along with the magnetic survey will shape our forthcoming drilling program. Targeting the most promising sites will be crucial in mapping the area’s mineralization effectively. We anticipate that ongoing interpretations from our surveys will enhance our strategy for drilling, expected in early next year.
Acknowledging Leadership Changes
This news release also marks the resignation of Dr. David Shaw from our Board of Directors. Having contributed significantly since 2010, we express our heartfelt thanks for his dedication and insights. Moving forward, the leadership team, led by CEO Jed Richardson, will continue on Great Quest's strategic path.
Frequently Asked Questions
What recent developments have occurred at the Belmont Prospect?
Great Quest Gold has defined 18 targets at the Belmont Prospect with upcoming drilling scheduled for early next year.
Who has resigned from Great Quest’s Board of Directors?
Dr. David Shaw has resigned, after serving since December 2010, and the company thanked him for his service.
What methods were utilized for the geochemical evaluations?
The evaluations included extensive sampling of calcrete, soil, and rock-chip samples analyzed for gold content.
How is Great Quest planning to move forward?
The company is planning a drilling campaign focusing on several critical targets, including BK1, BK2, and BK8.
What is the significance of the drone magnetic survey?
The drone magnetic survey provided crucial insights into the structural features and mineralization potential of the Belmont Prospect.
