CONTRACT SIGNED FOR ALEXANDER DRILLING, RED LAKE Release Date: 19-08-2009 Toronto, Ontario – August 18, 2009 -
Conquest Resources Limited (TSX-V: “CQR”) is pleased to announce that it has selected a contractor for the first phase of a two-phase drilling programme to be carried out at its Alexander Gold Project in Red Lake, Ontario.
Boart Longyear Canada - will carry out approximately 4,000 meters of NQ drilling in six planned holes with work scheduled to commence in early September.
In late 2008, Goldcorp Inc. - drilled four deep holes from its adjacent Red Lake mine property onto Conquest’s 100%-owned Alexander property resulting in the deepest gold mineralization intersection on Conquest’s property at vertical depth of 300 metres returning 14.26 grams per tonne gold over 0.61 metres (previously announced May 25, 2009).
Conquest’s upcoming drill programme is designed to test specific targets, to vertical depths of approximately 500 metres, along a strike length of about 1,800 metres extending from the boundary with Goldcorp’s property towards the central portion of the Alexander property.
Gold mineralization potential in this area is open at depth across the length of the Alexander property where Conquest has identified two types of gold mineralization characterized by replacement massive sulphides and quartz- carbonate veining within volcanic and sedimentary lithologies.
Conquest’s Alexander Gold Project is located in Balmer Township in the heart of the Red Lake Gold Camp. The Alexander Property is situated within the “Mine Trend” 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, and approximately 1,000 metres east of the Red Lake No. 1 Shaft headframe and within 400 metres of the Far East gold 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.
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