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RE:The Sudbury Basin: Ontario’s trillion dollar mining camp L
Conquest Closes Over
Subscribed $3,110,000
Subscription Receipt
Financing and $1,300,000
Strategic Investment by
Kirkland Lake Gold
V.CQR, T.KL | 1 hour ago
Toronto, Ontario--(Newsfile Corp. - September 16, 2020) -
Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce that it has closed its previously announced non-brokered subscription receipt financing to raise gross proceeds of $3,110,000 (the "Non-Brokered Financing"), and a separate concurrent subscription receipt financing with Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) to raise gross proceeds of $1,300,000 (the "KL Financing").
John Kearney, Chairman of Conquest stated, "We are very pleased with the strong interest in our financings and, in particular, we welcome Kirkland Lake as a strategic shareholder. We look forward to completing the acquisition of Canadian Continental Exploration Corp., following which the enlarged Conquest will own a unique and very prospective portfolio of exploration properties in some of the most well-known mining camps in Ontario. Conquest will be well capitalized with over $5 million in cash and we look forward to beginning our drill program in October."
Kirkland Lake Strategic Investment
In connection with the KL Financing, Conquest has issued 10,000,000 subscription receipts (the "KL Subscription Receipts") to Kirkland Lake Gold Ltd. ("Kirkland Lake") at a price of $0.13 each to raise gross receipts of $1,300,000. Each KL Subscription Receipt entitles the holder to acquire one unit of Conquest (a "KL Unit"), for no additional consideration. Each KL Unit consists of one common share of Conquest (as it exists after giving effect to the previously announced 2.5 for one consolidation of the issued and outstanding Conquest shares (the "Consolidation")) and one quarter of one share purchase warrant of Conquest. Each full share purchase warrant (a "Warrant") is exercisable at $0.18 for a period of two years following the completion of Conquest's previously announced acquisition (the "Acquisition") of Canadian Continental Exploration Corp. ("CCEC"). See Conquest News Releases July 16, 2020, August 7, 2020, and August 27, 2020.
The gross proceeds of the KL Financing have been deposited in escrow (the "KL Escrowed Funds"). The KL Subscription Receipts will automatically convert into KL Units and the KL Escrowed Funds will be released to Conquest upon completion of the Acquisition and Consolidation (the "Escrow Release Conditions"). In the event that the Escrow Release Conditions are not satisfied by November 30, 2020, the KL Escrowed Funds will be returned to KL and the KL Subscription Receipts will be cancelled.
In connection with the KL Financing, Conquest has granted Kirkland Lake certain investor rights, so long as Kirkland Lake holds at least 5% of the outstanding shares of Conquest, including the right to nominate one director to the board of Conquest, the pre-emptive right to participate pro-rata in any future financings by the Company, and a condition that the Company will not encumber any of its properties with any new third party royalty agreements without the prior written approval of Kirkland Lake, such consent not to be unreasonably withheld.
$3,110,000 Non-Brokered Financing
In connection with the Non-Brokered Financing, Conquest has issued 21,105,266 subscription receipts at a price of $0.12 each (the "Non-Brokered HD Subscription Receipts"), for gross proceeds of $2,532,631 and 3,880,004 subscription receipts at a price of $0.15 each (the "Non-Brokered FT Subscription Receipts"), for gross proceeds of $582,000. Each Non-Brokered HD Subscription Receipt entitles the holder to acquire one unit of Conquest (a "Non-Brokered Unit"), for no additional consideration. Each Non-Brokered Unit consists of one share of Conquest (as it exists following the Consolidation) and one-half of one Warrant. Each Non-Brokered FT Subscription Receipt entitles the holder to acquire one flow-through share (an "FT Share") of Conquest (as it exists after giving effect to the Consolidation, for no additional consideration.
An insider of Conquest subscribed for 200,000 Non-Brokered FT Subscription Receipts for gross proceeds of $30,000.
The gross proceeds of the Non-Brokered Financing have been deposited in escrow (the "Non-Brokered Escrowed Funds"). The Non-Brokered HD Subscription Receipts will automatically convert into Non-Brokered Units, the Non-Brokered FT Subscription Receipts will automatically convert into FT Shares and the Non-Brokered Escrowed Funds will be released to Conquest upon the satisfaction of the Escrow Release Conditions. In the event that the Escrow Release Conditions are not satisfied by November 30, 2020, the Non-Brokered Escrowed Funds will be returned to the subscribers for Non-Brokered HD Subscription Receipts and Non-Brokered FT Subscription Receipts (collectively, the "Non-Brokered Subscription Receipts") and the Non-Brokered Subscription Receipts will be cancelled.
Upon completion of the Acquisition and conversion of the KL Subscription Receipts into KL Units (the "Escrow Deadline") and Non-Brokered Subscription Receipts into Non-Brokered Units and FT Shares, Kirkland Lake will hold approximately 8% of Conquest's then outstanding shares, and 9.6% of Conquest's shares on a partially diluted basis, assuming no further issuances of securities by Conquest prior to such date.
All securities issued and issuable in connection with the KL Financing and the Non-Brokered Financing are subject to a hold period of four months and one day from the closing date of such financings, expiring on January 9, 2021 and January 16, 2021, respectively.
Finders fees in the total amount of $145,000 cash will be paid to certain arms-length parties for assisting in the Non-Brokered Financing.
PowerOne Capital Markets Limited acted as finder in connection with a portion of the Non-Brokered Financing and has been appointed to act as a financial advisor to Conquest to provide ongoing financial advisory and consulting services. Conquest has agreed to grant PowerOne 750,000 stock options under the Company's stock option plan, each exercisable at a price of $0.13 to acquire one share of Conquest (after giving effect to the Consolidation), for a period of two years, subject to completion of the Acquisition. PowerOne, an Exempt Market Dealer, is a long-term investor focused on providing early stage capital and advisory services to emerging growth companies.
Acquisition of Canadian Continental Exploration Corp.
Subject to final acceptance of the TSXV, the Acquisition is expected to close immediately following a special meeting of shareholders of CCEC, scheduled to be held on September 23, 2020.
Pursuant to the Acquisition, Conquest will issue 40,306,667 shares of Conquest (after giving effect to the Consolidation) to the shareholders of CCEC, on the basis of one share for each share of CCEC held. Conquest will also issue 2,900,000 options (the "Replacement Options"), under the Company's stock option plan in replacement of existing options currently outstanding in CCEC. Each Replacement Option will be exercisable at $0.15 to acquire one share of Conquest (after giving effect to the Consolidation) and expire in September 2021.
CCEC holds an extensive package of mining claims and has approximately $900,000 in a combination of cash and marketable securities. See Conquest News Releases July 16, August 7, and August 27, 2020.
Upon completion of the Acquisition, and release of the KL Escrow Funds and Non-Brokered Escrowed Funds to Conquest, Conquest is expected to have a total of approximately $5,200,000 in available funds to pursue its planned drilling and exploration activities, of which approximately $800,000 will be flow through funds.
Final acceptance of the Acquisition by the TSXV is subject fulfilling the requirements of the TSXV.
Canadian ContinentalProperties
The CCEC land package consists of almost 10,000 hectares of
underexplored mining lands in Northern Ontario, which the Company
believes are highly prospective for precious and base metals.
The land package includes the Teckmag1 and Eaglerock claims, which
immediately surround Conquest's Golden Rose Property, situated in Afton
and Scholes townships at Emerald Lake approximately 65 km northeast of
Sudbury, Ontario.
When combined with the Company's current land holdings, Conquest will
control over 130 square kilometers making it one of the largest land
holders in the Temagami Mining Camp area.
Conquest's Golden Rose Property
Conquest's Golden Rose Property encompasses patented and staked mining claims measuring 770 hectares in size that encompass the former Golden Rose gold mine and highly prospective North and South banded iron formations at Emerald Lake. The Golden Rose gold mine (which is currently flooded) consists of more than six kilometres of underground workings, as well as a three (3) compartment, 228-metre-deep shaft, and a modern decline ramp from surface to the 6th level of the mine. An inclined winze connects the 6th and 7th levels to the 5th level of the mine.
It is reported that between 1935 and 1941, mining operations at the Golden Rose gold mine by Consolidated Mining and Smelting Company of Canada, Limited (Cominco) produced 46,000 ounces of gold from structurally controlled, shallow to steeply dipping, high-grade quartz-pyrite veins, hosted almost exclusively in an east-west trending Banded Iron Formation (BIF). The property largely lay dormant from 1941 to 1982, when exploration resumed.
Diamond drilling of the mine sequence stratigraphy in 1984 intersected numerous high-grade gold intercepts. This drill campaign led to reopening and mine development by Noramco between 1986-87 which included widening of the mine adit and portal down to the 600-foot level. Minor gold production of approximately 7,000 oz. was reported.
Further, surface drilling between 1984-2011 by a previous operator identified mineralization lying adjacent to known underground development. It was reported by the previous operator that diamond drilling between 2009-2011 intersected gold grades as high as 155.7 grams of gold per tonne over 1.82 metres. However, the potential quantity and grade is conceptual in nature and Conquest has not undertaken sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.
Share Consolidation
At the annual and special meeting of shareholders held on August 31, 2020, Conquest shareholders approved the Consolidation.
It is intended that Articles of Amendment in prescribed form will be filed with the Director under the Business Corporations Act (Ontario) (the "OBCA") immediately prior to completion of the Acquisition and such Articles of Amendment will become effective upon the issuance by the Director under the OBCA of a Certificate of Amendment. See Conquest News Release August 31, 2020.
The TSXV has conditionally approved the Consolidation subject to the Company fulfilling all the conditions of the TSXV in respect of the Consolidation.
ABOUT CONQUEST
Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for gold on mineral properties in Ontario.
Conquest holds a 100% interest in the Golden Rose Project,acquired in December 2017, located at Emerald Lake approximately 65 kilometres northeast of Sudbury, Ontario, which hosts the former Golden Rose Gold Mine and is underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The property is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property of six patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported gold production of over 1,000,000 ounces.
Qualified Person
Paul Smith P. Geo., (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and approved the technical disclosure contained within this news release.
FOR FURTHER INFORMATION CONTACT:
general@ConquestResources.com
www.ConquestResources.com
John F. Kearney
Chairman
416-362-6686
Robert Kinloch
President
306-881-8296
Paul Smith
Senior Geologist
902-698-2662
Forward-looking statements. This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the completion of the Acquisition and the Consolidation, the release of escrowed funds, future cash on hand, potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSXV nor its Regulation Services Provider (as defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63950
copyright (c) newsfile corp. 2020
Newsfile Corp.
September 16, 2020 - 9:04 AM PDT
Tags:
GOLD INDUSTRIAL METALS & MINERALS
1
The Sudbury Basin: Ontario’s trillion dollar mining camp
Last month, I had the pleasure of participating in the 16th Annual Sudbury Mining Week -
Jun 18, 2008 10:22 PM By: Sudbury.com Staff
It was appropriate to celebrate Mining Week in Canada, and especially in Sudbury –
one of the most prolific mining camps in the world. In Canada,
mining contributes $40 billion dollars or 5 per cent of
Canada’s GDP every year and pays $4.7 billion in corporate taxes alone.
This industry directly employs 370,000 Canadians and
is the largest private sector employer of Aboriginals.
Canada remains the leading source of new capital for
the global mining industry accounting for 36 per cent
of the $53 billion raised in 2007 or net $19 billion.
As a mining engineer who has spent his career in Africa,
the United Sates and Latin America, I can confirm that there
are few places in the world where mining is embraced and
supported as it is in Sudbury.
However, even in Sudbury, it is important that the mining industry support events such as Mining Week to communicate with local communities and, perhaps, persuade some young people to consider this industry as a future career choice.
The Sudbury area is a 1.85 billion year old meteorite impact crater and the first mineral discoveries were made here in 1883.
Let me give you a few numbers about;
Sudbury which may
surprise even local residents.
The total ore mined to date in Sudbury is
approximately 1.7 billion tonnes with
40 billion pounds of nickel,
36 billion pounds of copper,
70 million ounces of platinum, palladium and
gold and 283 million ounces of silver recovered.
At today’s commodity prices, total historic production
and current known reserves in Sudbury represent a
one trillion dollar value.
The community is the richest mining district in
North America and among the top ten most important
globally.
Sudbury accounts for about half the mining activity in Ontario, Canada’s largest mineral producing province.
The value of Ontario’s mining sector is about
$10 billion annually (2007 figures).
I think these numbers give you some idea of what an
incredible mining area Sudbury is and the impact
it has had on the wealth, not only of the City of
Greater Sudbury, but of Ontario and Canada.
In addition to exploration for gold at
The Golden Rose Gold Mine proiect site,
Click on image and find The Golden Rose Gold Mine - with shallow mining I see it as virgin -
Conquest said two other styles of economic mineral deposits have been identified
within the enlarged Sudbury land package....
Golden Rose Mine- Contains a reserve
2.4 million tonnes at 0.26 ounces of gold a tonne that contains 619,000 ounces of gold.
10/5/20160 Comments
https://www.ontarioexplorations101.com/temagami-ontario-mines/golden-rose-mine-owned-by-temagami-gold-inc-contains-a-reserve-24-million-tonnes-at-026-ounces-of-a-tonne-that-contains-619000-ounces-of-gold
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website
http://www.conquestresources.net
Mining Companies Flock To Stake Claims
In Red Lake After Recent Gold Strikes In That Area
Conquest's Alexander Property comprises 27 patented claims
acres adjoining
Goldcorp's Red Lake mine.
Published: July 28, 2020 at 8:32 a.m. ET
https://www.marketwatch.com/press-release/mining-companies-flock-to-stake-claims-in-red-lake-after-recent-gold-strikes-in-that-area-2020-07-28-81973250
Alexander Gold Project
Red Lake, Ontario
is claimed by Goldcorp to be
the richest gold mine in the world
The Alexander Property is situated within 2 kilometres of more than
28 million ounces of gold from past production and current resources
and within 400 metres of Goldcorp’s Far East Zone gold discovery.
The Alexander Property is of ample size to accommodate a high-grade
gold deposit at depth as repetition of the adjacent deposits at
Goldcorp’s Red Lake gold mine.
The stratigraphy under the property remains essentially untested
below 700 metres depth.
The richest gold bearing ore zones exist below a vertical depth of
1,300 metres in the High Grade Zone at
the Goldcorp Red Lake gold mine which is less
than 800 metres from the property boundary.
Conquest's target on the Alexander claims is an extension,
or repetition, of the mineralization at the Red Lake mine.
The Red Lake mine is claimed by Goldcorp to be
the richest gold mine in the world with
approximately 28,000,000 ounces of historic
production and current reserves.
https://www.conquestresources.com/project/alexander-gold/
Location and Property Description
Conquest's Alexander Property comprises 27 patented claims
covering 448 hectares (1,107 acres) adjoining
Goldcorp's Red Lake mine.
Conquest’s land is situated just beyond the security gate at
Goldcorp’s Red Lake gold mine and is almost completely
surrounded by Goldcorp's Red Lake mine property.
The Alexander claim holdings are patented and do not
require any annual minimum expenditures, other than
nominal property taxes.
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)
48,024 views •Jul 30, 2020
https://www.youtube.com/watch?v=TnOcRRJHTmk
The chart attached is a forecast for gold based upon that technique.
The data suggests that this current rally could easily surpass
$2000 per ounce, and is most likely to reach $2100 or higher
by the conclusion of this rally.
Gold, Silver & Copper bulls starting to break out > ^ > ^ > ^
Conquest Resources L (CQRLF)
0.0795 ? -0.002 (-2.45%)
Volume: 22,915 @09/18/20 2:08:09 PM EDT
Bid Ask Day's Range
0.072 0.089 0.0776 - 0.0846
USOTC:CQRLF Detailed Quote
IS DIS DA U.S.A. SYMBOL ??????
$CQRLF LOTS OF GOLD -
Gold Debate: Is A New Gold Standard Coming? (Steve Forbes) -
August 23, 2020
mick $CQR LOTS OF GOLD - Well said mick, I was hesitant on KL
Kirkland Lake Gold for they had an verry old mine and one of
the deepest in Canada, so I waited to get more to they got
Fosterville -
KL was still only a few buck but to compare it
to CQR I like for CQR Alexandra property is beside....
Red Lake Gold Mine -
the richest in the world Goldcorp used to say and now....
Golden Rose Gold Mine is a high grade very shallow mine -
it will be very interesting when they get deeper )
so far....
CQR has beeen buying up as many properties around it as
possible and I agree with them ) very goldy interesting )
In the old days they didn't drill as much, the old timers was able
to follow the visible gold just eyeball it - blast and scope out )
and still we have so high $gold reserve - its great very
nice Mother Load - Love IT!!!...its still here.... ) ....
@ this bargain its still a Mom & Pap great golden Au opportunity....
Imo!....
Golden Rose Mine- Contains a reserve 2.4 million tonnes at 0.26 ounces
of gold a tonne that contains 619,000 ounces of gold. )
10/5/20160 Comments
https://www.ontarioexplorations101.com/temagami-ontario-mines/golden-rose-mine-owned-by-temagami-gold-inc-contains-a-reserve-24-million-tonnes-at-026-ounces-of-a-tonne-that-contains-619000-ounces-of-gold
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Mining Companies Flock To Stake Claims
In Red Lake After Recent Gold Strikes In That Area
Conquest's Alexander Property comprises 27 patented claims
acres adjoining
Goldcorp's Red Lake mine.
Published: July 28, 2020 at 8:32 a.m. ET
https://www.marketwatch.com/press-release/mining-companies-flock-to-stake-claims-in-red-lake-after-recent-gold-strikes-in-that-area-2020-07-28-81973250
Alexander Gold Project
Red Lake, Ontario
is claimed by Goldcorp to be
the richest gold mine in the world
The Alexander Property is situated within 2 kilometres of more than
28 million ounces of gold from past production and current resources
and within 400 metres of Goldcorp’s Far East Zone gold discovery.
The Alexander Property is of ample size to accommodate a high-grade
gold deposit at depth as repetition of the adjacent deposits at
Goldcorp’s Red Lake gold mine.
The stratigraphy under the property remains essentially untested
below 700 metres depth.
The richest gold bearing ore zones exist below a vertical depth of
1,300 metres in the High Grade Zone at
the Goldcorp Red Lake gold mine which is less
than 800 metres from the property boundary.
Conquest's target on the Alexander claims is an extension,
or repetition, of the mineralization at the Red Lake mine.
The Red Lake mine is claimed by Goldcorp to be
the richest gold mine in the world with
approximately 28,000,000 ounces of historic
production and current reserves.
https://www.conquestresources.com/project/alexander-gold/
Location and Property Description
Conquest's Alexander Property comprises 27 patented claims
covering 448 hectares (1,107 acres) adjoining
Goldcorp's Red Lake mine.
Conquest’s land is situated just beyond the security gate at
Goldcorp’s Red Lake gold mine and is almost completely
surrounded by Goldcorp's Red Lake mine property.
The Alexander claim holdings are patented and do not
require any annual minimum expenditures, other than
nominal property taxes.
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)
48,024 views •Jul 30, 2020
Mining Companies Flock To Stake Claims
In Red Lake After Recent Gold Strikes In That Area
Conquest's Alexander Property comprises 27 patented claims
acres adjoining
Goldcorp's Red Lake mine.
Published: July 28, 2020 at 8:32 a.m. ET
https://www.marketwatch.com/press-release/mining-companies-flock-to-stake-claims-in-red-lake-after-recent-gold-strikes-in-that-area-2020-07-28-81973250
Alexander Gold Project
Red Lake, Ontario
is claimed by Goldcorp to be
the richest gold mine in the world
The Alexander Property is situated within 2 kilometres of more than
28 million ounces of gold from past production and current resources
and within 400 metres of Goldcorp’s Far East Zone gold discovery.
The Alexander Property is of ample size to accommodate a high-grade
gold deposit at depth as repetition of the adjacent deposits at
Goldcorp’s Red Lake gold mine.
The stratigraphy under the property remains essentially untested
below 700 metres depth.
The richest gold bearing ore zones exist below a vertical depth of
1,300 metres in the High Grade Zone at
the Goldcorp Red Lake gold mine which is less
than 800 metres from the property boundary.
Conquest's target on the Alexander claims is an extension,
or repetition, of the mineralization at the Red Lake mine.
The Red Lake mine is claimed by Goldcorp to be
the richest gold mine in the world with
approximately 28,000,000 ounces of historic
production and current reserves.
https://www.conquestresources.com/project/alexander-gold/
Location and Property Description
Conquest's Alexander Property comprises 27 patented claims
covering 448 hectares (1,107 acres) adjoining
Goldcorp's Red Lake mine.
Conquest’s land is situated just beyond the security gate at
Goldcorp’s Red Lake gold mine and is almost completely
surrounded by Goldcorp's Red Lake mine property.
The Alexander claim holdings are patented and do not
require any annual minimum expenditures, other than
nominal property taxes.
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)
48,024 views •Jul 30, 2020
Conquest Files NI 43-101 Technical Report on the Alexander Property, Red Lake, Ontario
MarketwireNovember 22, 2012
TORONTO, ONTARIO--(Marketwire - Nov 22, 2012) -
Conquest Resources Limited (TSX VENTURE:CQR) ("Conquest" or "the Company") is pleased to announce that the Company has filed a report entitled: "Technical Report on Exploration at the Alexander Gold Project in Red Lake, Ontario" ("Technical Report" or "report"). The report summarizes the exploration activities conducted to date on the Alexander Property ("the Property") and concludes that additional work is warranted to advance the project.
Conquest''s exploration activities on its 100% owned Alexander Property total $6.1 million, the majority of which are drilling activities conducted during 2009 through 2011.
Since the acquisition of the Red Lake Alexander Property by Conquest in 2002, the Company has completed a total of 31,086 metres of surface exploration diamond drilling, of which 22,961 metres of drilling was completed during an intensive exploration drilling program from 2009 through 2011.
Geophysical and geochemical surveys have also been conducted in addition to surface trenching and mapping over the Property. Geophysical data has been provided from a regional airborne survey commissioned by Goldcorp and flown over Conquest''s property.
During 2008, Goldcorp drilled four (4) holes from their Red Lake mine property on to the Alexander Property which are also summarized in the Technical Report.
RECOMMENDATIONS
In order to advance exploration on the Alexander Property, the Technical Report recommends the following work to:
"(a) establish and drill test targets through a compilation of existing exploration drilling, geophysics, and geochemistry;
(b) follow-up previous geophysical work conducted by Goldcorp on the Alexander Property and their adjacent mine property;
(c) conduct geochemical surveys on the ground and using existing drill core to establish new drill hole targets; and
(d) to research and conduct a modern bore-hole EM and IP geophysical survey which utilizes the 2009, 2010, and 2011 drill holes which have been maintained for this purpose."
JOINT VENTURE OPPORTUNITY AT RED LAKE
Management believes that an extensive deep drilling program of 20,000 metres of drilling combined with down-hole electromagnetic and induced polarization geophysical surveys is warranted. Conquest considers that the most efficient way to unlock any future value for shareholders and advance the Alexander project is to establish a joint venture with a strategic partner to complete the work that is recommended in the Technical Report.
The Company is soliciting expressions of interest from qualified mining companies who may wish to enter into a strategic partnership joint venture with the Company to advance exploration on its Alexander Gold Project.
ABOUT THE PROPERTY
The Alexander Property is 100% owned by Conquest and is comprised of twenty-seven (27) patented mining claims covering 448 hectares of land situated just beyond the security gate at Goldcorp''s Red Lake gold mine. The Property is located immediately west of the Red Lake Complex and Balmer Complex headframes at Goldcorp''s Red Lake gold mines within the Red Lake mining district.
The Alexander Property is of ample size to accommodate a high grade gold deposit at depth as repetition of the adjacent deposits at Goldcorp''s Red Lake gold mine. The stratigraphy under the Property remains essentially untested below 700 metres depth. The richest gold bearing ore zones exist below a vertical depth of 1,300 metres in the High Grade Zone at the Goldcorp Red Lake gold mine which is less than 800 metres from the property boundary.
QUALIFIED PERSON AND TECHNICAL REPORT
Information of a scientific or technical nature contained in this release has been prepared by or under the supervision of Benjamin Batson, P. Geo., the Vice Present of Exploration of the Company, who is a Qualified Person within the meaning of National Instrument 43-101 of the Canadian Securities Administrators. The Technical Report was prepared by Mr. Batson in compliance with National Instrument 43-101 ("NI 43-101") and is available on the Company''s website and on SEDAR (www.sedar.com).
ABOUT THE COMPANY
Conquest is exploring several geologically significant gold projects in Ontario. In addition to Conquest''s flagship Alexander Property in Red Lake, Ontario, the Company is undertaking exploration activities at its Detour Lake and Smith Lake properties.
Good read on Conquest. Sleeping monsters here -
https://www.northernontariobusiness.com/industry-news/mining/conquest-resources-hops-on-electronic-staking-bandwagon-903438?utm_source=dlvr.it&utm_medium=twitter
https://investorshub.advfn.com/Conquest-Resources-Ltd-TSXV-CQR-11788/
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com/project/golden-rose/
https://www.conquestresources.com/investors/news/
Golden Rose Mine- Contains a reserve 2.4 million tonnes at 0.26 ounces of gold a tonne that contains 619,000 ounces of gold.
10/5/20160 Comments
https://www.ontarioexplorations101.com/temagami-ontario-mines/golden-rose-mine-owned-by-temagami-gold-inc-contains-a-reserve-24-million-tonnes-at-026-ounces-of-a-tonne-that-contains-619000-ounces-of-gold
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Everywhere True Gold Price Is $87,500 Per Ounce -
Thank you for the reminder. Time to start nibbling the PM Juniors again...finally.
Red Lake Gold traces LP fault at Whirlwind Jack
Canadian Mining Journal Staff | January 2, 2020 | 11:15 am Exploration
Canada Gold
Gold ore. Photo by James St. John, Wikimedia Commons.
Airborne survey results from Red Lake Gold’s 212 sq. km Whirlwind Jack project in Ontario suggest that the LP fault zone extends for at least 12 km westward onto the property.
In the fall, Red Lake Gold completed a 2,045 line-km airborne survey on a 50 metre spacing which was flown on a low-level grid pattern and covered the eastern portion of the Whirlwind Jack project which adjoins Great Bear Resources’ Dixie project.
“The results provide demonstration of the continuity of the LP fault structure extending on to Red Lake’s Whirlwind Jack gold project. The magnetic survey has also been successful in defining an exploration corridor within which the Red Lake Gold can focus exploration efforts during the upcoming year,” Ryan Kalt, the company’s CEO said in the release.
RED LAKE GOLD ADDED 88 SQ. KM OF GROUND TO WHIRLWIND JACK IN AUGUST, AND STARTED FIELD EXPLORATION AT THE PROJECT IN SEPTEMBER
Based on the survey results, the company has traced a one-km wide prospective zone within this interpreted western extension of the LP fault.
The LP fault structure traced at Whirlwind Jack is an east-west trending deformation zone hosted by a mafic-felsic volcanic sequence. Additional splays and offsets identified off of this fault suggest potential for fluid flow environments which could lead to future exploration targets.
The results of this survey supplement previously available but more widely spaced data from the government; no additional airborne surveys have been completed on the central and western portions of the project.
The magnetic low adjacent to the interpreted LP fault will be a focus of the company’s exploration efforts this year. Based on the low topography at the eastern portion of Whirlwind Jack, Red Lake Gold expects to be able to complete a soil sampling program on this section of the property.
Red Lake Gold added 88 sq. km of ground to Whirlwind Jack in August, and started field exploration at the project in September. Also in September, the company appointed Toby Hughes, a professional geologist with over 35 years of experience in gold exploration as its vice-president of exploration.
At Great Bear’s 91 sq. km Dixie property, gold mineralization has been traced to date along a 4-km section of the 12-km long LP fault.
(This article first appeared in the Canadian Mining Journal)
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Happy New Year
Conquest Summer Drilling Program at Golden Rose Property, Emerald Lake, Ontario
V.CQR | May 29, 2019
Canada NewsWire
TORONTO, May 29, 2019
NEW OPTION AGREEMENT ON 27 CLAIMS NEAR GOLDEN ROSE
FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2019
TORONTO, May 29, 2019 /CNW/ -
Conquest Resources Limited (TSX-V: "CQR") ("Conquest" or the "Company")
is pleased to provide an update on the Company's planned summer
drilling program at its 100% owned Golden Rose Gold Property, details
of a new exploration option agreement in the Temagami Anomaly area and
its Interim Financial Results for the three-month period ended
March 31, 2019.
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
GOLDEN ROSE SUMMER 2019 DRILLING PROGRAM
Conquest plans to carry out approximately 1,200 meters of drilling at six (6) favorable targets on its 100% owned Golden Rose property at Emerald Lake, Ontario. The Company has applied for the necessary exploration permits for the summer drilling program and expects to commence its summer program as early as mid July 2019.
The six (6) selected drill sites were chosen based on geological investigation and the interpretation of a high-resolution, property-scale, airborne geophysical survey and follow up soil and MMI surveys completed in 2018 that verified each target to have anomalous gold geochemistry and confirmed potential for the discovery of gold mineralization in these areas. Execution of the planned drilling program is predicated on financing of a minimum of $250,000, on terms acceptable to the Company.
MACBETH CLAIMS OPTION AGREEMENT
Conquest has entered into an option agreement with Vision Exploration to earn up to a 100% interest, subject to a 1.5% Net Smelter Royalty in twenty-seven (27) mineral claims, the "MacBeth" claims, situated approximately nine (9) kilometres southwest of Conquest's Golden Rose property at Emerald Lake.
The MacBeth claims are located in the east-central portion of Macbeth and western portion of Clement Townships, Sudbury Mining Division, Districts of Sudbury and Nipissing, Ontario.
Vision's MacBeth claims are proximate to Conquest's Golden Rose property and Vision Exploration brings seasoned exploration experience with on-site local knowledge and operational expertise which will be invaluable to Conquest as it explores its large land package in the area of the Temagami Anomaly.
In 1959 W.H. Nichol carried out trenching and diamond drilling on a mineralized quartz vein on the MacBeth claims and reported high-grade gold mineralization from grab samples in the trench
Option Terms – Issue of 50,000 Shares
Conquest has commenced a $10,000 work commitment of Induced Polarization (IP), channel sampling, geochemistry and petrography to confirm the previously reported (1957) high-grade gold mineralization. This work is scheduled to be completed by June 30, 2019. This expenditure and the issuance of 50,000 common shares of Conquest will meet the first-year obligations under the three year option earn-in agreement.
Years 2 and 3 of the option agreement each require minimum expenditures on the MacBeth property of $10,000 and the issuance of 75,000 and 100,000 shares, respectively, should Conquest choose to maintain the option.
RESULTS OF OPERATIONS
Conquest recorded no revenue for the three-month periods ended March 31, 2019 or March 31, 2018. In accordance with the Company's accounting policies exploration and evaluation expenditures are expensed as incurred through profit and loss and included in the statement of operations.
For the three-month period ended March 31, 2019, the Company recorded a loss of $39,677 ($0.000 per share). The loss included exploration expenditures of $14,480.
For the three-month period ended March 31, 2018, the Company recorded a loss of $179,196 ($0.002 per share). The loss included exploration expenditures of $123,581.
This news release should be read in conjunction with the Company's unaudited financial statements and the associated management's discussion and analysis (MD&A) for the first quarter ended March 31, 2019 which are available on the Company's website at www.conquestresources.com or under the Company's profile on SEDAR (www.sedar.com).
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Emerald Lake Project located approximately 65 kilometres northeast of Sudbury, Ontario, underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The former Golden Rose Gold Mine is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest's exploration strategy at its Golden Rose property and Emerald Lake Project overall, is to target high-grade gold mineralization in structurally controlled mesothermal type quartz veins lying along the two prospective horizons of Algoman-type Banded Iron Formation which trend east-north-easterly across the entire strike length of the Emerald Lake Project area.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of six (6) patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported production of over 1,000,000 ounces of gold.
Conquest has planned exploration programs at its Golden Rose and Smith Lake properties, including a planned drilling campaign of up to 1,500 metres at Golden Rose to test prioritized targets identified in 2018 deemed most prospective for the discovery of gold mineralisation. The planned programs have an indicative exploration budget of circa $500,000 and are subject to the successful completion of additional financing.
Qualified Person:
Paul Smith P. Geo. (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Conquest Resources Limited
image: https://rt.newswire.ca/rt.gif?NewsItemId=C0385&Transmission_Id=201905291254CANADANWCANADAPR_C0385&DateId=20190529
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c0385.html
Paul Smith, P. Geo., Senior Geologist, 647-729-0311; Robert Kinloch, President and CEO, 306-881-8296; John F. Kearney, Chairman, 416-362-6686Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 9:54 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/05/29/conquest-summer-drilling-program-at-golden-rose-property-emerald-lake-ontario#khjgvEtHCrjfmY7Q.99
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Ownership Publicly-traded corporation
Stocks TSXVE: CQR
NAICS
Gold Ore Mining (212221)
Status Common shares listed on the TSX Venture Exchange.
Executive Terence N. McKillen - President & CEO
God Bless
Danesh K. Varma - CFO
In GOD We Trust -
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Conquest Reports Positive Gold Anomalies From Soil and Geochemical Surveys at its Golden Rose Property, Ontario
Canada NewsWire
TORONTO, Nov. 20, 2018
Focus on old mine area and high-priority geophysical targets
TORONTO, Nov. 20, 2018 /CNW/ -
Conquest Resources Limited (TSX-V: "CQR") is pleased to announce that it
has received positive anomalous gold-in-soil results following its 2018
summer exploration soil and MMI geochemical surveys at its Golden Rose
Gold Mine property.
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
The Golden Rose property is located at Emerald Lake in Afton Township
in northern Ontario.
https://web.tmxmoney.com/article.php?newsid=5020130444954604&qm_symbol=CQR
The surveys were taken over eight (8) of the priority geophysical/geological targets previously identified in Geotech's report on the VTEM survey completed earlier in 2018 (See Conquest News Releases July 12 and August 23, 2018). The intent of the conventional soil survey and the Mobile Metal Ions ("MMI") survey was to confirm the potential for defining anomalous gold at each of the eight, high priority targets associated with the identified magnetic and EM conductive anomalies, in addition to defining underlying lithology based on MMI geochemistry to enhance geological understanding of the Golden Rose property.
The Company received the MMI assay results from SGS Canada Inc. in Lakefield, Ontario and the soil samples from AGAT Laboratories in Mississauga, Ontario.
Soil Survey
A total of ninety-nine (99) conventional soil samples were collected and delivered to AGAT Laboratories in two separate batches for analyses for twenty-three (23) elements. These samples were collected along a portion of the base line (BL 7400N) at the mine site and along recce lines across the geophysical anomalies identified as C2 (L1110), C6 (L1270), C6 (L1310), C8, C10, C10', and C11. All the traverse lines were oriented at approximately 330° and were centered on the preliminary drill collar locations proposed in Geotech's report on the VTEM survey.
Soil Survey Results
The strongest soil anomaly occurs along the baseline near the eastern projection of the existing underground mine workings. Two anomalous gold values (351 ppb Au and 128 ppb Au) are located at the exact location of a proposed drill hole previously selected based on geological information.
A single anomalous gold-in-soil assay occurs 25 metres north of a proposed drill hole location at C10.
Two adjacent samples at the C10' geophysical anomaly show elevated gold values (128 ppb Au and 12 ppb Au) and are located immediately south of a proposed drill hole location.
Anomaly C8 had two anomalous gold assays (11 ppb Au and 17 ppb Au) located north and south (respectively) of the suggested drill hole location.
Anomaly C6 (L1310) showed a single anomalous gold assay (14 ppb Au) at the proposed location of the recommended drill hole.
C11 showed a single anomalous gold assay located 125 metres south of the proposed drill hole location.
The results of the soil survey identified positive gold-in-soil anomalies at six of the previously prioritised geophysical targets identified in the Geotech survey and help confirm the selected location of the proposed drill holes in Geotech's final report.
MMI Survey
The Mobile Metal Ions ("MMI") orientation survey was completed under the direction of SGS personnel from its Lakefield Ontario laboratory. The recce survey was carried out to locate areas of anomalous gold mineralization, as well as to identify geochemical parameters reflecting underlying bedrock geochemistry. A total of seventy-four (74) samples were collected and analysed by SGS Canada Inc.
MMI Results
MMI identified gold mineralization in Line #1 (mine stratigraphy) using gold-only data. No other elements were found to be good pathfinders with the gold. The anomalous values along Line #1 were very high, ranging from 20 to 100 times above background levels.
MMI identified a low-grade single point anomalous gold value in Line #4; however this sample will require further verification to ensure no contamination influences from the previous 1986-1987 mill operations.
Most samples along Line #3 reported background levels, except samples GR-L3-1 and its duplicate GR-L3-1D which assayed at twenty-eight (28) and fifty-two (52) times above background, respectively. Also, sample GR-L3-15 had a value of sixteen (16) times above background.
The MMI survey was successful in identifying the underlying geology at all sample location areas using the Spearman ranking from the DOGS macro. Areas of known and well documented underlying geology from Line #1, Line #2 and the Nipissing diabase samples were used as reference to compare against the unknown samples in Line #3. The MMI survey demonstrated that the elemental chemistry over the andesite, banded ironstone formation, rhyolite and Nipissing diabase have distinctive elemental signatures from one another that help characterize distinct lithological populations. This information will be used in future MMI soil surveys to help map out the underlying geology in areas covered by glacial till and thick vegetation.
Target prioritisation
Based on the recce soil and MMI surveys, six (6) geophysical targets (C1', C6 (L1310), C8, C10, C10', and C11) have now been further prioritized. These prioritised targets all occur within prospective geological settings (lithological and structural control) having potential for gold mineralization. Favourable zones with gold mineralization include, magnetic horizons (magnetite-rich Banded Iron Formation; intermediate to mafic volcanic flows and pyroclastics, and quartz-feldspar porphyry intrusions).
All the prioritised targets lie along or adjacent to the two prospective horizons of Algoman-type Banded Iron Formation, which trend east-northeast across the entire strike length of the Golden Rose property. Geologically, the two horizons of BIF are regarded as the north and south limbs of a regional synclinal structure, with the north limb hosting the former Golden Rose mine near the western end of the property.
Geophysical modelling results of the prioritized targets have provided parameters for each target, including target thickness, which ranges between 10-20 meters, and depth to target, with seven of eight targets lying within 50 meters of the surface.
Qualified Person:
Paul Smith P. Geo. (NS) Vice President Exploration, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Golden Rose Property located at Emerald Lake, sixty-five (65) kilometres northeast of Sudbury, Ontario. The thirty-three (33) easily accessible patented and staked mining claims encompass 770 hectares and the former Golden Rose Gold Mine, located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly, which closely resembles the magnetic signature of the adjacent Sudbury Basin. Conquest's exploration strategy at its Golden Rose property is to target gold mineralization lying along the two prospective horizons of Algoman-type Banded Iron Formation, which trend east-northeast across the entire strike length of the Golden Rose property. Conquest has now increased its land position in the area by approximately 3,200 hectares and currently holds a total of 3,980 hectares of prospective mineral exploration ground.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of patented and staked mining claims in Leeson, Stover, Brackin, and Rennie Townships in northern Ontario, lying to the north, west and south of the former Renabie gold mine.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Conquest Resources Limited
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2018/20/c7767.html
Paul Smith, P. Geo., Vice President Exploration, 647-729-0311;
Robert Kinloch, President and CEO, 306-343-5799;
John F. Kearney, Chairman, 416-362-6686
Copyright CNW Group 2018
https://web.tmxmoney.com/article.php?newsid=5020130444954604&qm_symbol=CQR
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Conquest Reports Final Results of Airborne VTEM Survey at Golden Rose!
Results provide Conquest with new insight into gold mineralization in the area, including 20 Geophysical Targets identified at the Golden Rose Property!
See more: https://bit.ly/2zKXf0A
http://www.conquestresources.com/project/golden-rose/
God Bless America
Conquest Updates Golden Rose Exploration Program at Annual Meeting of
Shareholders
Canada NewsWire
TORONTO, June 26, 2018
TORONTO, June 26, 2018 /CNW/ - Conquest Resources Limited (TSX-V: "CQR")
held its Annual Meeting of Shareholders in Toronto, Canada on
June 25, 2018.
Conquest Resources Limited (CNW Group/Conquest Resources Limited) (CNW
Group/Conquest Resources Limited)
At the Annual Meeting, the Chairman, John Kearney, with the VP Exploration,
Paul Smith, provided shareholders with an update on its exploration
programs at the Golden Rose property and the outlook for the Company.
GOLDEN ROSE – ACQUISITION
https://web.tmxmoney.com/article.php?newsid=7903798666752348&qm_symbol=CQR
Golden Rose Mine - The Historic Golden Rose Mine (Emerald Lake gold mine )
http://temagamigold.com/index.php/reports/14-minegolden-rose-mine
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141123438
God Bless America
Golden Rose Mine- Contains a reserve 2.4 million tonnes at 0.26 ounces of
gold a tonne that contains 619,000 ounces of gold.
10/5/2016
https://www.ontarioexplorations101.com/temagami-ontario-canada/golden-rose-mine-owned-by-temagami-gold-inc-contains-a-reserve-24-million-tonnes-at-026-ounces-of-a-tonne-that-contains-619000-ounces-of-gold
Conquest Resources Limited (TSXV:CQR) (USOTC:CQRLF) -
https://web.tmxmoney.com/article.php?newsid=8337767725023298&qm_symbol=CQR
https://www.conquestresources.com
God Bless America
Conquest Resources Limited (TSXV:CQR) (USOTC:CQRLF) -
https://web.tmxmoney.com/article.php?newsid=8337767725023298&qm_symbol=CQR
https://www.conquestresources.com
@ConquestResLtd
Conquest provides an update on exploration at Golden Rose Gold Property!
Completion of compilation review and targeting exercises on geology and
geophysics have already identified multiple targets.
Read More...
https://bit.ly/2xrzSYG
#ConquestResources $CQR
God Bless America
Good read on Conquest. Sleeping monsters here -
https://www.northernontariobusiness.com/industry-news/mining/conquest-resources-hops-on-electronic-staking-bandwagon-903438?utm_source=dlvr.it&utm_medium=twitter
https://investorshub.advfn.com/Conquest-Resources-Ltd-TSXV-CQR-11788/
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com/project/golden-rose/
https://www.conquestresources.com/investors/news/
In GOD We Trust -
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
PG is a great gold producer -
when over $3.- more can margin it
and more funds will enter -
the bargain share price will move higher faster smile)
God Bless America
Trump Replace The Dollar With Gold Global Currency Reset -
Gold has been unbearable for years now, I hope to see a turn soon. I think Crypto is siphoning off some of the Gold invest $$.
Welcome back eom7 -
OT. Haven't sold any - Gold mines are the real money for me -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=124546548
https://investorshub.advfn.com/boards/boardposters.aspx?boardid=3325
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140963853
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Thanks! Are you in NJMC?
Good read on Conquest. Sleeping monsters here -
https://www.northernontariobusiness.com/industry-news/mining/conquest-resources-hops-on-electronic-staking-bandwagon-903438?utm_source=dlvr.it&utm_medium=twitter
https://investorshub.advfn.com/Conquest-Resources-Ltd-TSXV-CQR-11788/
God Bless America
Note memo, JohnCM thank for your great info about CQR; Btw. Red Lake Gold Mine =
Goldcorp Inc. one of Goldcorp's first gold mines and is still one of
Canada's richest and deepest underground gold mine producer -
https://www.goldcorp.com/portfolio/operations/red-lake/default.aspx
When the Red lake Mine was said; to be out mined and ready for
reclamation closing etc. -
but before the closing of the mine;
CEO Robert McEwen drilled a wildcat hole from the bottom of the mine -
started the drilling from lowest mine level, about 3000' feet down and
hit gold one ounce to the ton and since; the Red Lake has been one of
Canada's great gold mines producer and low cost gold production -
Today, technical its about too hard, difficult and too costly for CQR
to drill from surface and go below 3000' feet down -
imo.
https://www.conquestresources.com/project/alexander-gold/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140932855
https://www.conquestresources.com/project/golden-rose/
https://www.conquestresources.com/investors/news/
God Bless America
2009
PRESS RELEASE
• GOLDCORP DRILLS FOUR HOLES ON CONQUEST’S ALEXANDER PROPERTY AT RED LAKE
• NEW GOLD INTERSECTION OF 14.25 G/T OVER 0.61 METRES AT A DEPTH OF 300 METRES
Toronto, Ontario – May 25, 2009
Conquest Resources Limited (TSX-V: “CQR”) is pleased to announce
that Goldcorp Inc. (“Goldcorp”) has recently completed four diamond drill holes on to Conquest’s
Alexander Property at Red Lake, Ontario.
The holes were drilled by Goldcorp from its adjacent Red Lake Mine Property as part of a wider program
to delineate mineralization within the upper part of the Red Lake Mine.
The four inclined holes, which were collared from surface within approximately 1,000 metres of the Red
Lake Mine No. 1 Shaft headframe, were drilled in a north-easterly direction into the western part of
Conquest’s property to downhole depths between 690 to 836 metres.
Hole DS641 of Goldcorp’s drilling programme located a significant gold intersection of 4.97 grams per
tonne gold over 1.82 metres, including 14.25 g/t over 0.61m, at a down hole depth of 473 metres and an
estimated vertical depth of approximately 300 metres.
The preliminary drilling results were provided to
Conquest by Goldcorp. The gold assay results were determined by SGS and Accurassay Laboratories in
Red Lake and Thunder Bay, Ontario.
Conquest’s Alexander Gold Project is located in Balmer Township in the heart of the Red Lake Gold
Camp. It lies immediately adjacent to Goldcorp’s high grade Red Lake Mine, within the east-southeast
trending “Mine Trend” deformation zone, and is almost completely surrounded by Goldcorp’s claim
holdings.
Commenting on the drilling results, Conquest’s President & CEO, Mr. Terence McKillen, stated: “The
intersection of good grade gold at this depth on Conquest’s property is extremely encouraging. The gold
mineralization previously encountered by Conquest in the west-central part of the Alexander Property
was in trenching and shallow drilling. Goldcorp’s four drill holes extend to approximate vertical depths of
450 – 570 metres representing the deepest drilled holes on the Alexander Property to date. The
intersection in hole DS641 confirms gold potential exists at depth on Conquest’s property.”
Conquest’s Alexander Property at Red Lake is situated adjacent to Goldcorp’s Red Lake and Campbell
gold mines, which contain historic production and current resources in excess of 25 million ounces of
gold, approximately 1,000 metres east of the No. 1 Shaft headframe and within 400 metres of the Far
East Zone at the Red Lake Mine. Many of the regional structures that have associated gold
mineralization in the area of Goldcorp’s two producing mines cross on to the Alexander Property.
Conquest has developed a phased exploration strategy for its Alexander Project to investigate depth
extensions from known surface and near surface gold mineralization and plans to initiate the first phase
of drilling later this summer.
ABOUT CONQUEST RESOURCES
Conquest is exploring several gold projects in Ontario. These include the Alexander gold project at Red
Lake; the Aurora and Sunday Lake gold projects at Detour Lake; the King Bay gold project at Sturgeon
Lake (60% interest); and the Smith Lake gold project at Missanabie.
Conquest has 72,663,830 shares issued and outstanding.
This release has been prepared under the supervision of Terence N. McKillen, P. Geo. who is a qualified
2011
CONQUEST COMMENCES DRILLING FROM GOLDCORP RED LAKE MINE PROPERTY
Toronto, Ontario – April 14, 2011
Conquest Resources Limited (TSX-V: “CQR”) is pleased to announce that
the Company has commenced drilling from Goldcorp’s Red Lake Gold Mines Ltd. (“Goldcorp”) mine property
located next to Conquest’s 100% owned Alexander Property in Red Lake, Ontario.
Drilling with a second drill rig is underway on the initial 1,600 metre deep hole, CR-11-047, designed to test
Balmer Assemblage basalts which occur under the western corner of the Alexander claim block. The hole will
be maintained for subsequent wedging following the drilling of the parent hole expected during June.
Conquest has collared hole CR-11-047 from surface approximately 175 metres from the south western corner
of the Alexander Property boundary where an estimated 800 metres of drilling in the upper portion of the
hole will take place on Goldcorp’s property and the remaining lower portion will be on Conquest’s Alexander
Property. Conquest and Goldcorp will mutually benefit from the information obtained through drilling.
No formal agreement or interest in the Alexander Property has been assigned to Goldcorp.
2014
• CONQUEST REPORTS MARCH 31, 2014 FIRST QUARTER RESULTS
Toronto, Ontario – May 22, 2014
Conquest Resources Limited (TSV-V: “CQR”) (“Conquest” or “the Company”) has filed
its unaudited Financial Statements and Management’s Discussion and Analysis for the three months ended March 31,
2014. These filings are available for download on the Company’s website at www.conquestresources.com and on SEDAR.
For the three month period ended March 31, 2014, the Company recorded net income of $61,000 ($0.001 per share);
compared to a loss of $286,000 ($0.003 per share) for the three month period ended March 31, 2013.
Administrative
expenses for the three month period ended March 31, 2014 amounted to $46,000, compared to $66,000 in the three
months ended March 31, 2013.
The income in the three month period ended March 31, 2014 included a gain on disposal of shares of $28,000, and a gain to
the market value of marketable securities of $79,000. In the three month ended March 31, 2013, the Company recorded a
loss to market value of marketable securities of $220,000.
Total assets increased to $7,828,000 at March 31, 2014 from $7,770,000 at December 31, 2013, due to the increase in value
of marketable securities. At March 31, 2014, the Company had mineral properties with a total book value of $7,673,000
and a working capital surplus of $104,000, compared to a surplus of $46,000 at December 31, 2013.
GRANT OF STOCK OPTIONS
The Board of Directors has approved the grant of 5,800,000 share purchase options to directors, officers and service
providers at an exercise price of $0.05 per share, all with an expiry date of June 30, 2019. The options will vest over a
period of two years.
During the quarter ended March 31, 2014, 3,200,000 stock options expired unexercised.
ABOUT THE COMPANY
Conquest holds several geologically significant gold projects in Ontario, Canada. The Company also maintains a claim to
two gold properties in Zimbabwe.
The Company’s flagship Alexander Gold Property is located immediately adjacent Goldcorp’s producing Red Lake mine in
northern Ontario. The property is 100% owned by Conquest measuring 448 hectares in size and situated just beyond the
security gate at Goldcorp’s Red Lake gold mine. The Alexander Property is of ample size to accommodate a high grade gold
deposit at depth as repetition of the adjacent deposits at Goldcorp’s Red Lake gold mine, which is less than 800 metres
from the property boundary.
The Smith Lake Gold Project measures 46 square kilometres in size and consists of six (6) patented mining claims and
twenty-four (24) unpatented mining claims located within the Missanabie-Goudreau greenstone belt in Leeson and Rennie
Townships in northern Ontario. The property is 100% Conquest owned and is contiguous with the former International
Corona Resources Renabie Gold Mine, which produced more than 1,000,000 ounces of gold from 1941 through 1991.
The Sunday Lake Gold Project consists of 13 square kilometers of prospective minerals leases held under a 50/50 joint
venture with Detour Gold Corporation. The property is located along the Sunday Lake Deformation Zone situated
approximately seven kilometres east of Detour Gold’s 15.6 million ounce open pit gold mine in northern Ontario.
There are currently 95,477,728 shares of Conquest issued and outstanding
2015
CONQUEST SELLS 50% JV INTEREST IN SUNDAY LAKE PROPERTY TO DETOUR GOLD
Toronto, Ontario – January 19, 2015
Conquest Resources Limited (TSV-V: “CQR”) (“Conquest” or “the Company”)
announces that it has sold its remaining 50% joint venture interest in the Sunday Lake gold project to Detour Gold
Corporation (“Detour Gold”), for a one-time payment of 33,000 common shares of Detour Gold (“DGC”-TSX).
Based on the closing share price of Detour Gold on January 16, 2015 the consideration received by Conquest is valued at
approximately $420,000.
The Sunday Lake Property is located along the Sunday Lake Deformation Zone and situated approximately seven kilometres
east of Detour Gold’s 15.5 million ounce open pit gold mine in northeastern Ontario.
In 2010, Conquest entered into an agreement whereby Detour Gold was granted an option from Conquest to acquire a 50%
joint venture interest in the Sunday Lake Property by incurring $1.0 million in exploration expenditures. Under the Option
earn-in, Detour Gold vested its 50% interest and became the Operator of the joint venture by completing exploration soil
geochemistry and geophysical programs in addition to two exploration diamond drilling programs.
In 2010 Conquest sold its adjacent Aurora Property to Detour Gold for a cash consideration of $2.0 million and 100,000
shares of Detour Gold.
Conquest is actively seeking a new project to replace its Sunday Lake Property in mining-friendly jurisdictions such as
Canada and the United States of America. Conquest believes that prolonged depressed markets for junior exploration
companies have created favorable conditions for the Company.
by JohnCM thank you good info )
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140932101
God Bless America
Ps.
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com/project/golden-rose/
https://www.conquestresources.com/investors/news/
God Bless
Conquest Provides Update to Shareholders
http://www.stockhouse.com/news/press-releases/2018/03/14/conquest-provides-update-to-shareholders
http://www.stockhouse.com/companies/quote?symbol=v.cqr
https://www.conquestresources.com/project/golden-rose/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139363082
Russia & China Discuss Coming Economic Reset - Be Ready -
Conquest Res. Ltd. (TSX.V:CQR) Good NEWS Out -
Ex.
these guys are doing it right.
Get ALL the data in the 3 D model and THEN target drill -
slow process but we are talking about reacivating
a mine in rising GOLD here !!!!
by pamourjoe thank you, good info )
https://www.conquestresources.com/project/golden-rose/
God Bless America
Conquest’s Golden Rose Property encompasses patented and staked mining
claims measuring 770 hectares in size that encompass the former
Golden Rose Gold Mine and highly prospective North and South banded
iron formations at Emerald Lake. The property is located 65 kilometres
northeast of Sudbury, Ontario in Afton and Scholes townships.
https://www.conquestresources.com/project/golden-rose/
Golden Rose Gold Mine -
$Gold Daily - TA Golden Cross -
$Gold Weekly - TA Golden Cross -
http://www.conquestresources.com/
TIA
God Bless
eom7 thank you, Conquest Resources Ltd. V.CQR Last Price $0.045 UP 80.00% )
Day Change + 0.02 UP 80.00% Volume 334,200 - Strong -
Fri Mar 31, 2017
03:57 PMCADDelayed
http://www.stockhouse.com/companies/quote?symbol=v.cqr
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129586074
Red Lake - Overview & Operating Highlights
A Key Canadian Camp, amongst the world’s richest gold mines -
http://www.goldcorp.com/English/Unrivalled-Assets/Mines-and-Projects/Canada-and-US/Operations/Red-Lake/Overview-and-Operating-Highlights/default.aspx
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-provides-exploration-update/default.aspx
http://www.goldcorp.com/
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
ex....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122698944
http://www.kitconet.com/images/live/ag0001wb.gif
http://www.biblebelievers.org.au/monie.htm
- God Bless -
mck thank you, Alexander Red Lake - Overview Red Lake, Ontario, Canada -
The Alexander Property is 100% owned by Conquest and is comprised of
twenty-seven mining claims covering 448 hectares of land (1 hectare =
2.47105 acres) = 1,107 acres situated just
beyond the security gate at Goldcorp’s Red Lake gold mine - one of
the richest, biggest and lowest cost gold mine in Canada -
The Property is located immediately east of the Red Lake Gold Mine
Complex and
Balmer God Mine Complex headframes within the Red Lake mining
district.
The Alexander Property is situated within 2 kilometres of more
than 28 million ounces of gold from past production and
current resources and within 400 metres of Goldcorp’s Far East Zone
gold discovery.
The Alexander Property is of ample size to accommodate a high grade
gold deposit at depth as repetition of the adjacent deposits at
Goldcorp’s Red Lake gold mine.
The stratigraphy under the property remains essentially untested below
700 metres depth. The richest gold bearing ore zones exist below a
vertical depth of 1,300 metres in the High Grade Zone at
the Goldcorp Red Lake gold mine which is less than 800 metres from
the property boundary.
http://www.conquestresources.com/exploration/alexander-red-lake/overview/
Conquest Resources L (CQR) Goldcorp drilling and doing exploration very
close to CQR border - Goldcorp may need to expand into CQR property
soon $)
Conquest Resources L (CQRLF)
0.0278 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.013 0.028 - - -
USOTC:CQRLF Detailed Quote
Conquest Resources L (CQR)
0.025 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.025 0.03 - - -
TSXV:CQR Detailed Quote
http://www.conquestresources.com/
http://www.conquestresources.com/exploration/alexander-red-lake/overview/
Red Lake - Overview & Operating Highlights
A Key Canadian Camp, amongst the world’s richest gold mines -
http://www.goldcorp.com/English/Unrivalled-Assets/Mines-and-Projects/Canada-and-US/Operations/Red-Lake/Overview-and-Operating-Highlights/default.aspx
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-provides-exploration-update/default.aspx
http://www.goldcorp.com/
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
ex....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122698944
http://www.kitconet.com/images/live/ag0001wb.gif
http://www.biblebelievers.org.au/monie.htm
- God Bless -
Conquest Resources L (CQR) Goldcorp drilling and doing exploration very
close to CQR border - Goldcorp may need to expand into CQR property soon )
Conquest Resources L (CQRLF)
0.0278 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.013 0.028 - - -
USOTC:CQRLF Detailed Quote
$0.025 ? 0.0 (0.00%)
Volume: 18,000 @ 10:48:38 AM ET
Bid Ask Day's Range
0.025 0.03 0.025 - 0.025
TSXV:CQR Detailed Quote
http://www.conquestresources.com/
http://www.conquestresources.com/exploration/alexander-red-lake/overview/
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-provides-exploration-update/default.aspx
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-provides-exploration-update/default.aspx
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
ex....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122698944
http://www.kitconet.com/images/live/ag0001wb.gif
http://www.biblebelievers.org.au/monie.htm
- God Bless -
Conquest Resources L (CQR)
0.03 ? -0.005 (-14.29%)
Volume: 60,000 @ 10:22:06 AM ET
Bid Ask Day's Range
0.03 0.035 0.03 - 0.03
TSXV:CQR Detailed Quote
http://www.conquestresources.com/
http://www.conquestresources.com/exploration/alexander-red-lake/overview/
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-provides-exploration-update/default.aspx
eom7 thank you, Conquest Resources Ltd. (USOTC:CQRLF) (TSXV:CQR) -
tnyellowtomcat welcome to Conquest Resources Ltd. (USOTC:CQRLF) (TSXV:CQR)
RE: 512.6 Hectare Gold Eagle Sells for 1.5 Billion in 2008 -
Only eight years ago, the adjacent property to Conquest Resources
sold for 1.5 Billion to Gold Corp.
It was only 512.6 Hectares.
Compared to Conquest which is 448 Hectares in size.
MINERAL EXPLORATION PROPERTY Gold Eagle Property
The Gold Eagle property, which consists of 35 contiguous
patented claims with an area of 512.6 ha,
is located in Dome Township approximately 6 km
from the town of Red Lake, Ontario.
The property has been subject in the past to mining operations,
systematic geological, geochemical and geophysical surveys and
a drilling campaign.
To date over 132,000 m of drilling has been completed on
the Gold Eagle property since 2004 and of that total over
97,000 m of drilling has been completed on the BCD.
Currently the Gold Eagle property is undergoing an extensive surface
diamond drilling exploration program on the BCD.
Drilling consists of a master or mother hole with multiple wedging off
each such hole.
The Companys drill hole reporting method follows a reference.
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2008/Goldcorp-Consolidates-Red-Lake-District-With-15-Billion-Acquisition-of-Gold-Eagle/default.aspx
This is exactly why we are investing in this -
Conquest Resources Ltd. (TSXV:CQR stock >
Conquest Resources Ltd. (TSXV:CQR) (USOTC:CQRLF)
Gold Outlook 2016: Why Prices are Set to Explode -
\
As gold prices bounce along the bottom of a four-year low, savvy
investors are setting themselves up for the beginning of a new
commodities bull market.
Simply put? All indicators right now are pointing to a surge in the spot
price of gold in 2016, with experts predicting a new bull run that
could double, even triple prices – and in a very short amount of time.
“Gold will see another parabolic bull run in 2016,” says Chintan
Karnani, chief market analyst at Insignia Consultants.
“We're overdue for this correction,” says Ron Meisel, one of North
America's leading technical analysts.
Or as Standard Chartered argues, 2016 is poised for a “rapid rise in
gold prices.”
If you're an investor looking to buy gold in 2016, it's crucial that you
check out our exclusive metals forecast report: “Gold Outlook 2016: How
to Profit From Gold's Return” before investing.
This report will reveal exactly why we've become so bullish on gold, how
high we think it will go in 2016, and why you should be rushing to get
your own gold bullion today.
To receive your copy, simply enter your email address in the box below.
But hurry: Gold prices won't remain this low for long, and we only have
a limited number of digital copies we're allowed to provide.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122596116
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000
May 26, 2016
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000
With the price of gold and silver pulling back and consolidating recent gains, today legendary Pierre Lassonde spoke with King World News and predicted for the first time ever that the price of gold will soar above $10,000.
http://kingworldnews.com/legend-pierre-lassonde-says-gold-bull-market-to-send-price-of-gold-soaring-above-10000/
James Rickards-Gold $10,000 to $50,000 per Ounce -
Greg Hunter -
"Two for the Price of One plus a DOLLAR,
All for CONQUEST stand up and Hollar"!
VBG - TOMCAT
mick thank you, RE: 512.6 Hectare Gold Eagle Sells for 1.5 Billion in 2008 -
Only eight years ago, the adjacent property to Conquest Resources
sold for 1.5 Billion to Gold Corp.
It was only 512.6 Hectares.
Compared to Conquest which is 448 Hectares in size.
MINERAL EXPLORATION PROPERTY Gold Eagle Property The Gold Eagle
property, which consists of 35 contiguous patented claims with an
area of 512.6 ha, is located in Dome Township approximately 6 km
from the town of Red Lake, Ontario.
The property has been subject in the past to mining operations,
systematic geological, geochemical and geophysical surveys and
a drilling campaign.
To date over 132,000 m of drilling has been completed on
the Gold Eagle property since 2004 and of that total over
97,000 m of drilling has been completed on the BCD.
Currently the Gold Eagle property is undergoing an extensive surface
diamond drilling exploration program on the BCD.
Drilling consists of a master or mother hole with multiple wedging off
each such hole.
The Companys drill hole reporting method follows a reference.
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2008/Goldcorp-Consolidates-Red-Lake-District-With-15-Billion-Acquisition-of-Gold-Eagle/default.aspx
This is exactly why we are investing in this -
Conquest Resources Ltd. (TSXV:CQR stock >
Conquest Resources Ltd. (TSXV:CQR) (USOTC:CQRLF)
Gold Outlook 2016: Why Prices are Set to Explode -
As gold prices bounce along the bottom of a four-year low, savvy
investors are setting themselves up for the beginning of a new
commodities bull market.
Simply put? All indicators right now are pointing to a surge in the spot
price of gold in 2016, with experts predicting a new bull run that
could double, even triple prices – and in a very short amount of time.
“Gold will see another parabolic bull run in 2016,” says Chintan
Karnani, chief market analyst at Insignia Consultants.
“We're overdue for this correction,” says Ron Meisel, one of North
America's leading technical analysts.
Or as Standard Chartered argues, 2016 is poised for a “rapid rise in
gold prices.”
If you're an investor looking to buy gold in 2016, it's crucial that you
check out our exclusive metals forecast report: “Gold Outlook 2016: How
to Profit From Gold's Return” before investing.
This report will reveal exactly why we've become so bullish on gold, how
high we think it will go in 2016, and why you should be rushing to get
your own gold bullion today.
To receive your copy, simply enter your email address in the box below.
But hurry: Gold prices won't remain this low for long, and we only have
a limited number of digital copies we're allowed to provide.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122596116
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000
May 26, 2016
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000
With the price of gold and silver pulling back and consolidating recent gains, today legendary Pierre Lassonde spoke with King World News and predicted for the first time ever that the price of gold will soar above $10,000.
http://kingworldnews.com/legend-pierre-lassonde-says-gold-bull-market-to-send-price-of-gold-soaring-above-10000/
James Rickards-Gold $10,000 to $50,000 per Ounce -
Greg Hunter -
Conquest Resources Ltd. (TSXV:CQR) Gold Outlook 2016: Why Prices are Set to Explode -
As gold prices bounce along the bottom of a four-year low, savvy
investors are setting themselves up for the beginning of a new
commodities bull market.
Simply put? All indicators right now are pointing to a surge in the spot
price of gold in 2016, with experts predicting a new bull run that
could double, even triple prices – and in a very short amount of time.
“Gold will see another parabolic bull run in 2016,” says Chintan
Karnani, chief market analyst at Insignia Consultants.
“We're overdue for this correction,” says Ron Meisel, one of North
America's leading technical analysts.
Or as Standard Chartered argues, 2016 is poised for a “rapid rise in
gold prices.”
If you're an investor looking to buy gold in 2016, it's crucial that you
check out our exclusive metals forecast report: “Gold Outlook 2016: How
to Profit From Gold's Return” before investing.
This report will reveal exactly why we've become so bullish on gold, how
high we think it will go in 2016, and why you should be rushing to get
your own gold bullion today.
To receive your copy, simply enter your email address in the box below.
But hurry: Gold prices won't remain this low for long, and we only have
a limited number of digital copies we're allowed to provide.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122596116
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000
May 26, 2016
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000
With the price of gold and silver pulling back and consolidating recent gains, today legendary Pierre Lassonde spoke with King World News and predicted for the first time ever that the price of gold will soar above $10,000.
http://kingworldnews.com/legend-pierre-lassonde-says-gold-bull-market-to-send-price-of-gold-soaring-above-10000/
James Rickards-Gold $10,000 to $50,000 per Ounce -
Greg Hunter -
eom7 - Here’s Why I Just Launched A $1,000,000 “Secret” Gold Project -
ex....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122291502
https://www.youtube.com/watch?v=N9pK9wBxgag&feature=youtu.be
Why Donald Trump’s Popularity Might Be Boosting Gold Prices -
eom7 thank you, BEWARE: Pope Francis Why The Dollar Will Collapse 100% on 28 May 2016 -
Note. Rothschild owns majority shares of the Vatican -
Ex...
Putin Pushes To Collapse US Dollar In 28 May 2016 ! –
Ex.
Claims Russia Will Never Become A NWO Cashless Society -
eddyimano thank you - Putin Pushes To Collapse US Dollar In 28 May 2016 ! –
Ex.
Claims Russia Will Never Become A NWO Cashless Society -
http://www.mydailyinformer.com/putin-pushes-to-collapse-us-dollar-in-28-may-2016-claims-russia-will-never-become-a-nwo-cashless-society/
eom7 my friend, Yes its time to wake up - Gold Will Be Seized! Ten Reasons Why The Fed Will Take Your Gold -
Detour Gold Commences Winter Work Program at Conquest's Sunday Lake Property -
1,200 Metres of Diamond Drilling - Induced-Polarization (IP)
Geophysical Survey
TORONTO, ONTARIO--(Marketwire - Feb. 11, 2013) -
Conquest Resources Limited
(TSX VENTURE:CQR) ("Conquest" or the "Company") is pleased announce
that Detour Gold Corporation ("Detour Gold") has commenced a winter
exploration program at Conquest's Sunday Lake property (the
"Property"), which is currently under option to Detour Gold.
The program comprises induced polarization ("IP") geophysics and
1,200 metres of exploration diamond drilling.
The Property lies approximately seven (7) kilometres east of
Detour Gold's open pit gold mine in northern Ontario, for which
Detour Gold today announced the "Start of Production at Detour
Lake" (see Detour Gold Press Release - February 11, 2013).
Drilling is anticipated to commence in mid-February.
The exploration work program is estimated to cost $320,000 and
is funded entirely by Detour Gold.
Conquest does not anticipate contributing financially to this final
earn-in program.
IP surveys completed by Detour Gold have defined a total of twenty-
seven (27) exploration targets potentially prospective for gold
mineralization in areas of high chargeability along interpreted
structures located in, and adjacent to,
the Sunday Lake Deformation Zone (SLDZ), which transects a
significant portion of the seven-kilometre length of
Conquest's Sunday Lake property.
Four of the twenty-seven target areas are the subject of a four-hole
1,200 metre winter drilling program planned by
Detour Gold later this month following completion of a
geophysical survey (refer to below).
IP GEOPHYSICAL TIE-ON SURVEY
Line cutting is in progress over the target area in the northern
central portion of the Sunday Lake property.
Insight Geophysics Inc. ("Insight") of Oakville, Ontario has been
contracted by Detour Gold to carry out the geophysical survey which
has been designed to tie-on to the existing 2011 IP survey
completed by Detour Gold.
The tie-on survey is expected to be completed by mid-February.
Insight will be conducting a high resolution, deep penetrating,
IP and Direct Current ("DC") Resistivity survey on
the Sunday Lake Property.
It is anticipated that the results of this survey will provide
geophysical information pertaining to the bedrock geology at depth
where other surveys have been limited due to the extensive clay-
bearing overburden cover that is present over
the Sunday Lake property.
Information from this survey will assist in prioritizing drill
targets for the upcoming drill program.
ONGOING GEOLOGICAL ASSESSMENT
The remaining twenty-three (23) second- and third-order targets will
be subject to further assessment by Conquest and Detour Gold at a
later date based on Detour Gold's historical work compilation
conducted on the Property and by Detour Gold's MMI soil geochemical
program (2010), IP geophysical survey (2011), and
1,600-metre winter drilling program (2011).
During January, Detour Gold conducted a re-logging assessment of
historical drill core from two exploration holes (SL-04-01 and SL-
04-05) that were drilled during 2004 by Conquest.
In 2004, the Company intersected 3.80 grams per tonne ("gpt")
gold over 0.60 metres within mafic volcanics in hole SL-04-05 and
2.82 gpt gold over 0.30 metres in sericite altered diorite
intrusive in hole SL-04-01.
Re-logging by Detour Gold has confirmed the presence of quartz
tourmaline veins hosted in diorite intrusive.
Additional sampling of micro quartz-tourmaline veins from these
previously drilled holes will be submitted for assay later this
month.
ABOUT THE SUNDAY LAKE PROPERTY
Conquest and Detour Gold are exploring for structurally-hosted
gold mineralization under a joint-venture agreement at
Conquest's Sunday Lake property located along
the Sunday Lake Deformation Zone.
During September 2010, Conquest entered into a joint venture with
Detour Gold on Conquest's Sunday Lake Property, pursuant to which,
Detour Gold has the right to earn a 50% interest in the Sunday Lake
Property by completing $1,000,000 of exploration, as amended on
June 15, 2012, prior to September 30, 2013.
ABOUT THE COMPANY
Conquest is exploring several geologically significant gold
projects in Ontario, Canada. In ad
dition to Conquest's Sunday Lake, the Company is undertaking
exploration activities at its flagship Alexander Property in
Red Lake, Ontario and Smith Lake Property at Renabie, Ontario.
Conquest holds 41,440 shares of Detour Gold Corporation.
There are currently 95,477,728 shares of Conquest issued and
outstanding.
This news release may include certain "forward-looking statements".
All statements ---- the filings made by Conquest with securities
regulators.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or the
accuracy of this release.
Contact Information:
Conquest Resources Limited
Robert J. Kinloch
President & CEO
306-343-5799
Conquest Resources Limited
Benjamin Batson
V.P. Exploration
647-728-4134
Conquest Resources Limited
John F. Kearney
Chairman
416-362-6686
info@conquestresources.net
http://www.conquestresources.net
http://www.conquestresources.net/pdfs/20130211SundayLakeWorkProgram.pdf
http://www.detourgold.com/investors-centre/multimedia-dashboard/default.aspx?corppres
http://www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
http://www.biblebelievers.org.au/monie.htm
God Bless
Waking here???
Conquest Resources L (CQRLF)
0.033 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.033 0.041 - - -
USOTC:CQRLF Detailed Quote Wiki
Conquest Res (PC) (CQRLF)
0.028 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.029 0.045 - - -
USOTC:CQRLF Detailed Quote Wiki
Conquest Resources Ltd. Presentation -
http://www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
God Bless
Conquest Resources Ltd. Presentation -
http://www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
God Bless
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$CQRLF REWARDING REVIEW WOW RE:The Sudbury Basin: Ontario’s trillion dollar mining camp L
Conquest Closes Over
Subscribed $3,110,000
Subscription Receipt
Financing and $1,300,000
Strategic Investment by
Kirkland Lake Gold
V.CQR, T.KL | 1 hour ago
Toronto, Ontario--(Newsfile Corp. - September 16, 2020) -
Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce that it has closed its previously announced
non-brokered subscription receipt financing to raise gross proceeds of $3,110,000 (the "Non-Brokered Financing"),
and a separate concurrent subscription receipt financing with Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) to raise gross proceeds of $1,300,000 (the "KL Financing").
John Kearney, Chairman of Conquest stated, "We are very pleased with the strong interest in our financings and, in particular,
we welcome Kirkland Lake as a strategic shareholder.
We look forward to completing the acquisition of Canadian Continental Exploration Corp.,
following which the enlarged Conquest will own a unique and very prospective portfolio of exploration properties in some of the most well-known mining camps in Ontario.
Conquest will be well capitalized with over $5 million in cash and we look forward to beginning our drill program in October."
Kirkland Lake Strategic Investment
In connection with the KL Financing, Conquest has issued 10,000,000 subscription receipts (the "KL Subscription Receipts")
to Kirkland Lake Gold Ltd. ("Kirkland Lake") at a price of $0.13 each to raise gross receipts of $1,300,000. Each KL Subscription Receipt
entitles the holder to acquire one unit of Conquest (a "KL Unit"), for no additional consideration. Each KL Unit consists of one common share of Conquest
(as it exists after giving effect to the previously announced 2.5 for one consolidation of the issued and outstanding Conquest shares (the "Consolidation"))
and one quarter of one share purchase warrant of Conquest.
Each full share purchase warrant (a "Warrant") is exercisable at $0.18 for a period of two years following the completion of Conquest's previously
announced acquisition (the "Acquisition") of Canadian Continental Exploration Corp. ("CCEC"). See Conquest News Releases July 16, 2020, August 7, 2020, and August 27, 2020.
The gross proceeds of the KL Financing have been deposited in escrow (the "KL Escrowed Funds").
The KL Subscription Receipts will automatically convert into KL Units and the KL Escrowed Funds will be released to Conquest upon completion of the
Acquisition and Consolidation (the "Escrow Release Conditions").
In the event that the Escrow Release Conditions are not satisfied by November 30, 2020, the KL Escrowed Funds will be returned to KL and the KL Subscription Receipts will be cancelled.
In connection with the KL Financing, Conquest has granted Kirkland Lake certain investor rights,
so long as Kirkland Lake holds at least 5% of the outstanding shares of Conquest, including the right to nominate one director to the board of Conquest,
the pre-emptive right to participate pro-rata in any future financings by the Company, and a condition that the Company will not encumber any of its properties
with any new third party royalty agreements without the prior written approval of Kirkland Lake, such consent not to be unreasonably withheld.
$3,110,000 Non-Brokered Financing
In connection with the Non-Brokered Financing, Conquest has issued 21,105,266 subscription receipts at a price of $0.12 each
(the "Non-Brokered HD Subscription Receipts"), for gross proceeds of $2,532,631 and 3,880,004 subscription receipts at a price of $0.15 each
(the "Non-Brokered FT Subscription Receipts"), for gross proceeds of $582,000. Each Non-Brokered HD Subscription Receipt entitles the holder
to acquire one unit of Conquest (a "Non-Brokered Unit"), for no additional consideration. Each Non-Brokered Unit consists of one share of Conquest
(as it exists following the Consolidation) and one-half of one Warrant.
Each Non-Brokered FT Subscription Receipt entitles the holder to acquire one flow-through share (an "FT Share")
of Conquest (as it exists after giving effect to the Consolidation, for no additional consideration.
An insider of Conquest subscribed for 200,000 Non-Brokered FT Subscription Receipts for gross proceeds of $30,000.
The gross proceeds of the Non-Brokered Financing have been deposited in escrow (the "Non-Brokered Escrowed Funds").
The Non-Brokered HD Subscription Receipts will automatically convert into Non-Brokered Units, the Non-Brokered FT Subscription Receipts
will automatically convert into FT Shares and the Non-Brokered Escrowed Funds will be released to Conquest upon the satisfaction of the Escrow Release Conditions.
In the event that the Escrow Release Conditions are not satisfied by November 30, 2020, the Non-Brokered Escrowed Funds will be returned to the subscribers
for Non-Brokered HD Subscription Receipts and Non-Brokered FT Subscription Receipts (collectively,
the "Non-Brokered Subscription Receipts") and the Non-Brokered Subscription Receipts will be cancelled.
Upon completion of the Acquisition and conversion of the KL Subscription Receipts into KL Units (the "Escrow Deadline")
and Non-Brokered Subscription Receipts into Non-Brokered Units and FT Shares, Kirkland Lake will hold approximately 8% of Conquest's then outstanding shares,
and 9.6% of Conquest's shares on a partially diluted basis, assuming no further issuances of securities by Conquest prior to such date.
All securities issued and issuable in connection with the KL Financing and the Non-Brokered Financing are subject to a hold period of four months
and one day from the closing date of such financings, expiring on January 9, 2021 and January 16, 2021, respectively.
Finders fees in the total amount of $145,000 cash will be paid to certain arms-length parties for assisting in the Non-Brokered Financing.
PowerOne Capital Markets Limited acted as finder in connection with a portion of the Non-Brokered Financing and has been appointed to
act as a financial advisor to Conquest to provide ongoing financial advisory and consulting services.
Conquest has agreed to grant PowerOne 750,000 stock options under the Company's stock option plan,
each exercisable at a price of $0.13 to acquire one share of Conquest (after giving effect to the Consolidation),
for a period of two years, subject to completion of the Acquisition. PowerOne, an Exempt Market Dealer, is a long-term investor focused
on providing early stage capital and advisory services to emerging growth companies.
Acquisition of Canadian Continental Exploration Corp.
Subject to final acceptance of the TSXV, the Acquisition is expected to close immediately following a special meeting of shareholders of CCEC, scheduled to be held on September 23, 2020.
Pursuant to the Acquisition, Conquest will issue 40,306,667 shares of Conquest (after giving effect to the Consolidation) to the shareholders of CCEC,
on the basis of one share for each share of CCEC held. Conquest will also issue 2,900,000 options (the "Replacement Options"),
under the Company's stock option plan in replacement of existing options currently outstanding in CCEC.
Each Replacement Option will be exercisable at $0.15 to acquire one share of Conquest (after giving effect to the Consolidation) and expire in September 2021.
CCEC holds an extensive package of mining claims and has approximately $900,000 in a combination of cash and marketable securities. See Conquest News Releases July 16, August 7, and August 27, 2020.
Upon completion of the Acquisition, and release of the KL Escrow Funds and Non-Brokered Escrowed Funds to Conquest,
Conquest is expected to have a total of approximately $5,200,000 in available funds to pursue its planned drilling and exploration activities, of which approximately $800,000 will be flow through funds.
Final acceptance of the Acquisition by the TSXV is subject fulfilling the requirements of the TSXV.
Canadian ContinentalProperties
The CCEC land package consists of almost 10,000 hectares of
underexplored mining lands in Northern Ontario, which the Company
believes are highly prospective for precious and base metals.
The land package includes the Teckmag1 and Eaglerock claims, which
immediately surround Conquest's Golden Rose Property, situated in Afton
and Scholes townships at Emerald Lake approximately 65 km northeast of
Sudbury, Ontario.
When combined with the Company's current land holdings, Conquest will
control over 130 square kilometers making it one of the largest land
holders in the Temagami Mining Camp area.
Conquest's Golden Rose Property
Conquest's Golden Rose Property encompasses patented and staked mining claims measuring 770 hectares in size that encompass the
former Golden Rose gold mine and highly prospective North and South banded iron formations at Emerald Lake. The Golden Rose gold mine
(which is currently flooded) consists of more than six kilometres of underground workings, as well as a three (3) compartment, 228-metre-deep shaft,
and a modern decline ramp from surface to the 6th level of the mine. An inclined winze connects the 6th and 7th levels to the 5th level of the mine.
It is reported that between 1935 and 1941, mining operations at the Golden Rose gold mine by Consolidated Mining and Smelting Company of Canada, Limited
(Cominco) produced 46,000 ounces of gold from structurally controlled, shallow to steeply dipping, high-grade quartz-pyrite veins, hosted almost exclusively
in an east-west trending Banded Iron Formation (BIF). The property largely lay dormant from 1941 to 1982, when exploration resumed.
Diamond drilling of the mine sequence stratigraphy in 1984 intersected numerous high-grade gold intercepts. This drill campaign led to reopening and mine
development by Noramco between 1986-87 which included widening of the mine adit and portal down to the 600-foot level. Minor gold production of approximately 7,000 oz. was reported.
Further, surface drilling between 1984-2011 by a previous operator identified mineralization lying adjacent to known underground development.
It was reported by the previous operator that diamond drilling between 2009-2011 intersected gold grades as high as 155.7 grams of gold per tonne over 1.82 metres.
However, the potential quantity and grade is conceptual in nature and Conquest has not undertaken sufficient exploration to define
a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.
Share Consolidation
At the annual and special meeting of shareholders held on August 31, 2020, Conquest shareholders approved the Consolidation.
It is intended that Articles of Amendment in prescribed form will be filed with the Director under the Business Corporations Act (Ontario) (the "OBCA")
immediately prior to completion of the Acquisition and such Articles of Amendment will become effective upon the issuance by the Director under the OBCA of a Certificate of Amendment.
See Conquest News Release August 31, 2020.
The TSXV has conditionally approved the Consolidation subject to the Company fulfilling all the conditions of the TSXV in respect of the Consolidation.
ABOUT CONQUEST
Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for gold on mineral properties in Ontario.
Conquest holds a 100% interest in the Golden Rose Project,acquired in December 2017, located at Emerald Lake approximately 65 kilometres northeast of Sudbury, Ontario,
which hosts the former Golden Rose Gold Mine and is underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres.
The property is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the
Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure.
Conquest's property is almost entirely surrounded by Evolution Mining land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property of six patented claims and 181 staked mining claims to the north,
west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported gold production of over 1,000,000 ounces.
Qualified Person
Paul Smith P. Geo., (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person
for the purposes of National Instrument 43-101 -
Standards of Disclosure for Mineral Projects and has reviewed and approved the technical disclosure contained within this news release.
FOR FURTHER INFORMATION CONTACT:
general@ConquestResources.com
www.ConquestResources.com
John F. Kearney
Chairman
416-362-6686
Robert Kinloch
President
306-881-8296
Paul Smith
Senior Geologist
902-698-2662
Forward-looking statements. This news release may include certain "forward-looking statements".
All statements other than statements of historical fact, included in this release, including, without limitation,
statements regarding the completion of the Acquisition and the Consolidation, the release of escrowed funds, future cash on hand,
potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest,
are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made
by Conquest with securities regulators. Neither the TSXV nor its Regulation Services Provider
(as defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63950
copyright (c) newsfile corp. 2020
Newsfile Corp.
September 16, 2020 - 9:04 AM PDT
Tags:
GOLD INDUSTRIAL METALS & MINERALS
1
The Sudbury Basin: Ontario’s trillion dollar mining camp
Last month, I had the pleasure of participating in the 16th Annual Sudbury Mining Week -
Jun 18, 2008 10:22 PM By: Sudbury.com Staff
It was appropriate to celebrate Mining Week in Canada, and especially in Sudbury –
one of the most prolific mining camps in the world. In Canada,
mining contributes $40 billion dollars or 5 per cent of
Canada’s GDP every year and pays $4.7 billion in corporate taxes alone.
This industry directly employs 370,000 Canadians and
is the largest private sector employer of Aboriginals.
Canada remains the leading source of new capital for
the global mining industry accounting for 36 per cent
of the $53 billion raised in 2007 or net $19 billion.
As a mining engineer who has spent his career in Africa,
the United Sates and Latin America, I can confirm that there
are few places in the world where mining is embraced and
supported as it is in Sudbury.
However, even in Sudbury, it is important that the mining industry support events such as Mining Week to communicate with local communities and, perhaps, persuade some young people to consider this industry as a future career choice.
The Sudbury area is a 1.85 billion year old meteorite impact crater and the first mineral discoveries were made here in 1883.
Let me give you a few numbers about;
Sudbury which may
surprise even local residents.
The total ore mined to date in Sudbury is
approximately 1.7 billion tonnes with
40 billion pounds of nickel,
36 billion pounds of copper,
70 million ounces of platinum, palladium and
gold and 283 million ounces of silver recovered.
At today’s commodity prices, total historic production
and current known reserves in Sudbury represent a
one trillion dollar value.
The community is the richest mining district in
North America and among the top ten most important
globally.
Sudbury accounts for about half the mining activity in Ontario, Canada’s largest mineral producing province.
The value of Ontario’s mining sector is about
$10 billion annually (2007 figures).
I think these numbers give you some idea of what an
incredible mining area Sudbury is and the impact
it has had on the wealth, not only of the City of
Greater Sudbury, but of Ontario and Canada.
In addition to exploration for gold at
The Golden Rose Gold Mine proiect site,
Click on image and find The Golden Rose Gold Mine - with shallow mining I see it as virgin -
Conquest said two other styles of economic mineral deposits have been identified
within the enlarged Sudbury land package....
Golden Rose Mine- Contains a reserve
2.4 million tonnes at 0.26 ounces of gold a tonne that contains 619,000 ounces of gold.
10/5/20160 Comments
https://www.ontarioexplorations101.com/temagami-ontario-mines/golden-rose-mine-owned-by-temagami-gold-inc-contains-a-reserve-24-million-tonnes-at-026-ounces-of-a-tonne-that-contains-619000-ounces-of-gold
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website
http://www.conquestresources.net
Mining Companies Flock To Stake Claims
In Red Lake After Recent Gold Strikes In That Area
Conquest's Alexander Property comprises 27 patented claims
acres adjoining
Goldcorp's Red Lake mine.
Published: July 28, 2020 at 8:32 a.m. ET
https://www.marketwatch.com/press-release/mining-companies-flock-to-stake-claims-in-red-lake-after-recent-gold-strikes-in-that-area-2020-07-28-81973250
Alexander Gold Project
Red Lake, Ontario
is claimed by Goldcorp to be
the richest gold mine in the world
The Alexander Property is situated within 2 kilometres of more than
28 million ounces of gold from past production and current resources
and within 400 metres of Goldcorp’s Far East Zone gold discovery.
The Alexander Property is of ample size to accommodate a high-grade
gold deposit at depth as repetition of the adjacent deposits at
Goldcorp’s Red Lake gold mine.
The stratigraphy under the property remains essentially untested
below 700 metres depth.
The richest gold bearing ore zones exist below a vertical depth of
1,300 metres in the High Grade Zone at
the Goldcorp Red Lake gold mine which is less
than 800 metres from the property boundary.
Conquest's target on the Alexander claims is an extension,
or repetition, of the mineralization at the Red Lake mine.
The Red Lake mine is claimed by Goldcorp to be
the richest gold mine in the world with
approximately 28,000,000 ounces of historic
production and current reserves.
https://www.conquestresources.com/project/alexander-gold/
Location and Property Description
Conquest's Alexander Property comprises 27 patented claims
covering 448 hectares (1,107 acres) adjoining
Goldcorp's Red Lake mine.
Conquest’s land is situated just beyond the security gate at
Goldcorp’s Red Lake gold mine and is almost completely
surrounded by Goldcorp's Red Lake mine property.
The Alexander claim holdings are patented and do not
require any annual minimum expenditures, other than
nominal property taxes.
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)
48,024 views •Jul 30, 2020
https://www.youtube.com/watch?v=TnOcRRJHTmk
The chart attached is a forecast for gold based upon that technique.
The data suggests that this current rally could easily surpass
$2000 per ounce, and is most likely to reach $2100 or higher
by the conclusion of this rally.
Gold, Silver & Copper bulls starting to break out > ^ > ^ > ^
https://www.youtube.com/watch?time_continue=3&v=RDZQoQ61RrY&feature=emb_logo
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
My opinions are my own and and DD I post should be confirmed as unbiased
CONQUEST RESOURCES L
Goldcorp Red Lake Gold Mines neighborhood -
Conquest's Alexander Project at Red Lake, Ontario lies adjacent to and along strike from 20+ million ounces of gold reserves
at the Campbell (ex-Placer Dome) and Red Lake (Goldcorp) gold mines.
TSXV-CQR
www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
EXPLORING IN THESHADOW OF HEADFRAMES___________________________Red Lake Gold Mining District, Ontario, Canada'The junior with the best address in the Red Lake District' |
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RED LAKE |
The Red Lake Gold Mine is composed of two operating complexes: the Red Lake Complex and the Campbell Complex. Red Lake Gold mine is Canada’s largest gold mine, and in 2008 produced 629,000 ounces. It is also one of the world’s richest gold mines and lowest cost producers. |
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CQRL compared performance to GG Goldcorp since Jan. 2008
http://www.conquestresources.net/
Conquest Resources Limited is a Toronto,
Canada based public company listed on the TSX Venture Exchange (TSX-V) under the symbol "CQR".
The Company's primary focus is to enhance shareholder value by identifying, exploring and developing
world class gold or other mineral projects in Canada and North America.
220 Bay Street
Suite 700
Toronto, ONT M5J 2W4
Canada
$CQRLF https://www.otcmarkets.com/stock/CQRLF/disclosure
https://www.otcmarkets.com/stock/CQRLF/news
https://www.otcmarkets.com/stock/CQRLF/security
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