GOLD EXPLORATION: SANDSTONE, WESTERN AUSTRALIA
Quest Minerals Limited is a company listed on the Australian Securities Exchange (ASX) under security code “QNL”.
Quest was officially listed on the ASX on 13 February 1995. The Company was formerly known as Westel Group Limited until 27 July 2004 and IC2 Global Limited until 2 December 2008 when it changed is name to Quest Minerals Limited.
The Board of Directors comprises Mr Steve Formica, non-executive Chairman and Mr Jerome (Gino) Vitale and David Palumbo as non-executive directors. The main project of Quest Minerals Limited is the 100% owned Victory Bore project located on E57/1036 in the mid-west region near Sandstone in Western Australia.
The tenement covers the northern 11 km segment of a 25 km long magnetic anomaly overlying two major magnetite rich horizons within a layered gabbro complex which is prospective for gold. This area is also hosts vanadium and titanium-bearing magnetite iron deposits including a deposit drilled by the Company located within the present boundary of EL 57/1036, where it previously announced a maiden resource (refer ASX announcement of 4 March 2011) at which time its strategy was to explore for and develop ferrous metals assets in Western Australia.