NEW YORK, April 7, 2008 (PRIME NEWSWIRE) -- Wall Street Reporter has conducted exclusive video interviews with executives from three companies -- Great Quest Metals Ltd. (TSX-V:GQ), Queenston Mining Inc. (TSX:QMI), and privately held Nichromet Extraction Inc. -- that present resource investors with unusual opportunities in gold, molybdenum, and nickel.
All three interviews (as well as an archive of additional material recorded in Toronto at the 2008 Prospectors & Developers Association of Canada convention) are available at www.WallStreetReporter.com for viewing or download.
Great Quest Metals Ltd. (TSX-V:GQ) has 22 million tons of ore grading 0.61% copper and 0.023 ounces of gold per ton, and while Willis Osborne, the company's president, tells WSR that "we probably need 2-3 times that much to make a mine," multiple targets are in play.
Highlights of the interview:
-- "Interesting" molybdenum intercepts discovered on the property as
efforts continue to expand the known resource to the north and east.
-- The additional upside offered by the company's 324,000-ounce
resource in Mali's traditional mining region.
-- How the company's unusually non-diluted equity structure magnifies
the impact of every new ounce of gold discovered.
Queenston Metals Inc. (TSX:QMI) has built a six-decade track record by "sticking to our knitting right here in Canada," explains CEO Charles Page. "Now it's paying off for us" in the form of the potentially extraordinary inactive Kirkland mining camp.
Highlights of the interview:
-- Mr. Page's optimism that while Kirkland has produced about 40
million ounces of gold so far, "we think there is a hell of a lot
left there."
-- A target of 2Q for a new resource estimate that could add 1 million
ounces to the 2 million currently on the books; early results have
been "spectacular," with grades reaching 3-4 ounces per ton.
-- The company's extensive cash reserves ($16 million in working
capital and another $10 million recently raised for exploration).
Currently privately held, Nichromet Extraction Inc. has developed system for extracting metals from otherwise intractable ore. Marc Filion, executive vice president, tells WSR that nickel is first on the list. "As you know, in the tropics there's a lot of nickel laterite."
Highlights of the interview:
-- The proprietary technology's origins as a way to recover nickel
from asbestos mine tailings. "We already see many more
applications."
-- Results from a two-year pilot program to process nickel from
laterite ores.
-- An overview of the exploration potential represented by the
company's "very large" land holdings in Guatemala in particular.
Wall Street Reporter (Est. 1843) is the premier source of investment information on global public companies in high-growth sectors. Through its magazines, special reports, website, and conferences, WSR presents unique opportunities for discovering stocks before they appear on the radar of Wall Street. Visitors to its website, www.wallstreetreporter.com, can listen to and view exclusive audio and video from an extensive library of CEO interviews, analyst roundtables, and conference webcast presentations, as well as subscribe to WSR's "Smart Money Alert" -- a weekly update of stock picks and timely market insights from top analysts and stock gurus.
About Great Quest Metals Ltd.
Great Quest is using modern exploration techniques in areas where local hand miners have been recovering gold for hundreds of years. The company is currently exploring for gold in Mali and copper-gold-molybdenum deposits in British Columbia.
About Queenston Mining Inc.
Queenston has assembled significant land packages in proven Canadian mining camps and its strategy is to return to producer status, starting with its primary gold assets in Kirkland Lake, Ontario (Upper Beaver, McBean, Anoki).
About Nichromet Extraction Inc.
Nichromet Extraction Inc. is a worldwide exploration company working at this time in Canada, Guatemala, Cuba, and Dominican Republic. The company has developed proprietary metallurgical processes for the extraction of base metals and precious metals.