Quest Uranium Advances 2010 Exploration Plans on Its Strange Lake Ree Project, N.E. Quebec
Highlights:
- Quest expects to receive a 43-101 Preliminary Resource Estimate for its recently-discovered B-Zone rare earth deposit by the end of March or early April from Wardrop Engineering Inc.
- Metallurgical testing of a one-tonne bulk sample of B-Zone mineralization is currently being processed by Hazen Research and final results are expected by May 2010
- A Scoping Study evaluation of B-Zone economics will commence upon receipt of the Resource Estimate and Metallurgical test results and should be delivered by late May or early June
- A 15,000-m definition and exploration diamond drilling program is planned for the project and is expected to commence in June 2010
TORONTO, ONTARIO–(Marketwire – March 17, 2010) – In the release issued today, March 17, 2010 at 8:00 AM ET for Quest Uranium Corporation, the headers on the SAT Table were missing. The complete and correct version follows.
Quest Uranium Corporation (TSX VENTURE:QUC) is pleased to provide an update on exploration activities for the Corporation’s Strange Lake rare earth element (REE) project, northeastern Quebec. Currently, Quest is advancing a significant, multi-faceted evaluation program for its recently-discovered B-Zone REE deposit. A program of preliminary resource estimation, metallurgical testing and advanced mineralogical studies of the deposit is currently advancing. The data from these studies will be used to undertake a Scoping Study-level preliminary economic evaluation of the deposit. In addition, planning for a significantly-expanded 2010 exploration program for the Strange Lake property is well underway; the exploration program is expected to include diamond drilling, geochemical sampling, geological mapping, gridding and trenching. Sufficient working capital is currently available to complete all of the Corporation’s current exploration plans. The Strange Lake project is located 175 km northeast of Schefferville, Quebec and 125 km west of the giant Voiseys Bay nickel-copper-cobalt deposit, eastern Labrador (see Figure 1).
It is expected that Quest’s consulting engineers, Wardrop Engineering Inc. of Toronto, Ontario, will deliver a 43-101 Inferred Resource Estimate for the B-Zone in late March or early April, as scheduled. In parallel to this work, Hazen Research of Golden, Colorado, has been advancing a detailed metallurgical study on a one-tonne bulk sample collected from the B-Zone during the 2009 exploration program. Detailed mineralogical characterization and theoretical liberation studies have been completed on the mineralization. Currently, Hazen is undertaking preliminary physical separation experiments for B-Zone material. The results for this next phase of the metallurgical work are expected soon. Upon receipt of the Wardrop and Hazen final reports, they will be incorporated into a Scoping Study of the preliminary economics of the deposit by Wardrop. It is expected that study results will be delivered by mid-June.
“We are extremely pleased with the progress of the advanced work in defining the size, metallurgical character and economics of our important B-Zone rare earth deposit.” said Peter J. Cashin, Quest’s President and CEO. “In addition to the definition of what appears to be a significant deposit of Heavy REE, all indications are that we will be able to greatly enhance the volume and surface dimensions of the mineralization for the deposit through diamond drilling in 2010. We also intend to drill test new areas of mineralization along the periphery of the host Strange Lake Alkali Granite identified during 2009 exploration; these could greatly expand the important mineral inventory that we have been building on the property.”
Please read the rest of the news release at www.questuranium.com
