Great Quest Gold Ltd. has identified a new gold mineralized system at its Omatjete Project in Namibia and secured an earn-in agreement to expand coverage of the Okondeka Fault Zone by 35 kilometers. Soil sampling indicates a significant anomaly and rock chip sampling returned high gold values. The maiden drilling program produced encouraging results, demonstrating extensive gold mineralization and a strategic partnership enhances exploration potential.
Great Quest Gold Ltd. has announced significant developments at its Omatjete Project in Namibia, with the identification of a new gold mineralized system and a recently acquired earn-in agreement to extend its exploration efforts. This new tenement increases the company’s coverage of the Okondeka Fault Zone by an additional 35 kilometers, enhancing its mineral exploration capabilities in the region.
Exploration activities included extensive soil sampling that revealed a significant gold anomaly measuring 4.2 km by 0.8 km. Additionally, rock sampling returned a peak gold assay of 9.95 g/t Au at the Manga Prospect, located adjacent to the Okondeka Fault Zone, which is linked to the Kokoseb gold deposit.
The company initiated a maiden drilling program targeting areas identified through soil anomalies. Eleven reverse circulation (RC) drill holes were completed, yielding extensive sulphide mineralization and low-grade gold results. Notably, hole MRC006 returned a substantial intersection of 138 meters at 0.22 g/t Au, with additional promising intercepts in subsequent holes.
Recognizing the potential for further mineralization along the Okondeka Fault Zone, Great Quest entered an earn-in agreement with Belmont Mineral Exploration to acquire a controlling interest in an adjacent exclusive prospecting license. Belmont is set to invest $400,000 in exploration over two years, with plans for an 80% stake following negotiations.
In anticipation of future exploration, Great Quest plans to conduct a high-resolution drone-based magnetic survey, soil sampling, and geological mapping in the upcoming months. Each of these efforts aims to further elucidate mineralization controls within the newly acquired tenement area as well as the existing Manga area.
In summary, Great Quest Gold Ltd. has made significant strides in developing its Omatjete Project by identifying a new gold system and acquiring additional exploration rights. The successful soil and rock sampling campaigns have highlighted the potential for gold mineralization, while the maiden drilling program has yielded promising results. The company’s commitment to expanding its exploration efforts through strategic partnerships and technical surveys positions it favorably within the mining landscape of Namibia.
Original Source: www.voiceofalexandria.com
