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Sunday, February 5, 2012
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Quest Rare Minerals is a Canadian-based, exploration company focused on the identification and discovery of new world-class Rare Earth deposit opportunities.  The Company is publicly-listed on the TSX Venture Exchange as “QRM”.

Plaster Rock Project

New Brunswick

Uranium mineralization in New Brunswick is closely related to Devonian-aged intrusions and related volcanic rocks and younger Carboniferous-age sedimentary rocks. The Quest 100%-owned Plaster Rock property is located in a Carboniferous-age basin, known as the Plaster Rock basin, northwestern New Brunswick. The 197 claim property covers 3,152 hectares and straddles a tenkilometer long section of the western margin of the Plaster Rock basin, in fault contact with Devonianage felsic volcanic rocks. Several airborne radiometric anomalies were evaluated, including historical soil geochemical anomalies reported by previous workers. This combined prospecting, mapping, and trenching program was successful in identifying two new copper and uranium anomalous zones. Quest’s 2009 exploration activities on the property were supported by the New Brunswick JMAP (Junior Mining Assistance Program).

Current Work
The 2009 geological reconnaissance and trenching program revealed the presence of continuous copper (Cu) and U mineralized zones within the Carboniferous Basin (see Figure 7). These anomalous Cu and U zones, the South and the North Zone, appear to be stratabound and very continuous in all directions. The mineralization found at the South Zone was traced over 250 m and appears to be part of the same mineralized system found at the North Zone, 2.2 km further to the northeast. Grab and chip samples collected at or in the vicinity to the trenches returned good U and Cu grades with values up to 1.46 % U3O8 and 6.19 % Cu. The observations of weakly oxidized sandstones and a major fault, south of the North Zone, could represent a very good uranium exploration target for an Oxidation-Reduction (“Redox”) Zone.

Future Exploration Activities
For 2010, a similar exploration program as described above is recommended to test all remaining soil and e U Airborne Radiometric anomalies on the property. Any significant new surface discovery will be considered for diamond drilling follow-up work.

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