Conquest Resources Ltd. (CQRLF)

[NYBob]

Nice time to buy here bottom fishing Au safety bargain

RE:
CQR VALUATION: the Gold former production properties in Zimbabwe
fair market valuation should alone be higher than
CQR total Market Cap: 13,016,882 million

E.g.,
Beehive and Babs Gold Mines, Midlands Goldfield
Project Overview

The Babs & Beehive Mines are former gold production properties
situated respectively about 10km north and 30km northwest
of Kwe Kwe.

The mines were developed by African Gold PLC of London between
1997 and 1998 at a cost of approximately $4.5 million
and operated for nine months before being placed on care and
maintenance in early 1999 as a result of falling gold prices
and increasing costs in Zimbabwean currency.

The inferred mineral resource for both mines is 360,000 tonnes at
a grade of 5.7g m/t gold.

A further open pit potential of 400,000 tonnes of low grade mineralisation
may be amenable to heap leach gold extraction.

The mines are considered to have excellent upside for
additional reserves to be delineated following
completion of drilling and underground development programmes.

As part of the acquisition Conquest acquired a 300 tonne per day
processing plant located
at the Beehive mine site which was constructed in 1998.

http://www.conquestresources.net/project_details.php?pid=7&s=o


E.g,
Piper Moss Gold Project, Midlands Goldfield
Project Overview

The Piper Moss Mine is a former gold production property
situated just 3km north of and in a similar geological
setting to the Globe & Phoenix Mine,
the second largest gold producer in Zimbabwe's history
(over 2.3 million ounces gold).

The Moss vein from which mostof the past production of 163,200 ounces
(520,000 tonnes at 10.8 g m/t gold) was derived can be traced
for over 1,200 metres and is up to 2m wide inplaces.

The deposit was formerly accessed on 14 levels
by two shafts and byover 10,670 metres of lateral
development.

Other production came fromthe Sinola and Spur veins.

Several other mineralized structures occur parallel to
the Moss vein and contain ore grade values.

The New Reef isup to 1.5m thick and contains ore grade
gold values (average 19.9gm/t).

Potential exists for further gold reserves tobe delineated
within the Moss vein system as well
as in parallel andcross-cutting veins.

Over 30 present and past producting gold mines are located
within 10 km radius of the property.

Conquest has identified a number of other gold procuction
properties in the immediate area for acquisition.

Conquest plans to evaluate the potential to retreat
approximately 500,000 tonnes of tailings
and other surface stockpiles on the property
by a vat leaching process
and will undertake a comprehensive reevaluation of
the primary gold potential through surface and underground
exploration.

http://www.conquestresources.net/project_details.php?pid=9&s=o

The above Gold Mines should be restarted by CQR with todays Gold
price above $1,400.- per ounce a.s.a.p.!!!
Its a shame that they haven't been restarted yet?