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TSX-V: QUC $2.800 -0.040

 
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Quest Projects

Ontario Projects

Kenora North and Snook Lake Projects- Northwestern Ontario
The Kenora North project is an amalgamation of four properties (Can Fer, Snook, Pancer and Scottie Lake) that were staked in early 2007 to cover historical uranium occurrences. Regional lake- bottom geochemical surveys and Federal Government airborne geophysical surveys were also utilized in the selection of favourable target areas. The area is readily accessible by new forestry roads.

Prospecting in late 2007 led to the re-location of several historic uranium occurrences and to the discovery of numerous new showings, along a 50-km long radiometric trend. Encouraging results obtained from prospecting over the Can Fer, Pancer, Snook and new Thor and Scottie Lake showings, led to the staking of a total of 36,000 hectares of claims to cover the full extent of the radiometric trend and to consolidate previous Quest staking.

Can-Fer
The wholly-owned Can-Fer property covers a number of historic uranium occurrences and is located 70 kilometers north-northwest of the Kenora in northwestern Ontario. The property was explored intermittently between 1968 and 1975 in programs involving scintillometer surveys and trenching. Uranium mineralization occurs as uranophane and is associated with pink granitic pegmatites which trend from east to west. The highest radioactivity occurs in shear zones within the pegmatite and in the country rocks. Sampling of two occurrences by the Ontario Geological Survey in 1968 yielded assays of 0.065% U3O8 (1.3 lbs/ton) over 15 feet and 0.380% U3O8 (7.6lbs/ton) over five feet, respectively.

Fall 2007 prospecting defined uranium mineralization over a 500-m strike length and over 200-m in width. Sampling returned up to 0.362% associated with felsic pegmatite containing sedimentary rock inclusions.

Pancer
The 100%-owned Pancer property is located 60 kilometers north of Kenora. The Pancer property consists of two claims comprising 516 hectares. The property was explored in a limited way in 1955, 1970 and 1979 in programs involving geological mapping, scintillometer and magnetic surveys as well as diamond drilling (10 holes totaling 3,010 feet). Currently, there are three known showings with the largest having dimensions of 120 meters by 50 meters. Uranium mineralization occurs in pegmatitic dikes where the average of a number of grab samples yielded 0.13% U3O8 (2.6 lbs/ton).

Fall 2007 prospecting identified a series of east-southeast-trending white pegmatitic dikes within a 800-m wide structural zone. Sampling returned up to 0.287% U3O8 within pegmatite dykes.

Thor Lake
The 100% owned Thor Lake area was newly identified by Quest prospectors during the Fall 2007 exploration program. Mineralization is hosted within an east-west-trending white pegmatitic sill complex intruding metasedimentary rocks containing pyrite, pyrrhotite and graphite. The sill complex has been traced over a 4-km strike length and over widths of up to 400 meters. Values of up to 0.302% U3O8 were obtained from sampling of mineralization with 22% of all samples collected (140) returning values in excess of 0.10% U3O8.

RELATED INFORMATION

September 24, 2008
Quest Receives Positive Results From Airborne Geophysical Surveys, Kenora North Project, Northwestern Ontario

May 9, 2008
Quest Uranium Awards Airborne Geophysical Contract to Survey its Quebec and Ontario Properties

January 31, 2008
Quest Obtains Encouraging Results From Preliminary Work Completed on its Kenora North Uranium Project, Northwestern Ontario





 

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