Home > Boards > Canadian > Mining/Resources > Silver Quest Resources Ltd. (TSX:SQI)
Followed By 34
Posts 2818
Boards Moderated 1
Alias Born 07/09/2007

Monday, September 21, 2009 5:39:59 PM

Re: kiwisteve post# 2

Post# of 28
Drill Program Commences on the Capoose-Silver Trend Project - Mon Sep 21, 2009

Silver Quest Resources Ltd. (the "Company") is pleased to report that a diamond drill program has commenced on the Capoose-Silver Trend project, located approximately 185 kilometres by road, west-southwest of Prince George, British Columbia (see www.silverquest.ca for property details and locations).

The Capoose-Silver Trend property, comprises 15 claims on 6,634 hectares, and covers three zones of disseminated silver and gold mineralization and a 4.5 kilometre long geochemical anomaly. Historical resources on Zones 1 and 2 (previously reported by Pan American Silver Corp. dated April 17, 2000 on SEDAR) are stated to be 32.66 million ounces of silver and 308,500 ounces of gold (consisting of 28.22 million tonnes averaging 36.0 grams per tonne (g/t) silver and 0.34 g/t gold).

This historical resource estimate completed by Pan American Silver Corp. was not compiled within the definitions and standards outlined in National Instrument 43-101. As the Company has not completed a updated resource estimation, it cautions that the historical resource estimate cannot be relied upon.

The proposed drill program will be a minimum of 10 holes (1,500 metres) and is designed to test multiple targets as well as to test the southern extensions of both Zone 1 and Zone 2. Results from twelve intersections in ten holes from last year's (2008) drill program returned a weighted average of 49.7 metres grading 40.0 g/t silver and 0.53 g/t gold. This represents an 11.0% higher grade for silver and a 55.4% higher grade for gold, than the average historical resource grade.

The program will also further test for expansion of the mineralization intersected in hole D-91 (2008) which returned 240.0 metres averaging 45.4 g/t silver and 0.76 g/t gold. Included in this intercept were two upper zones of higher grade silver mineralization, including an 18.0 metre intercept averaging 157.50 g/t silver and 0.59 g/t gold and; a 34.0 metre intercept averaging 81.8 g/t silver and 0.96 g/t gold. Other targets include the eastern down-dip projection of hole D-89 which returned 10.4 metres averaging 80.40 g/t silver and 1.89 g/t gold from a depth of 19.0 metres.

David Pawliuk, P.Geo., is the onsite qualified person for the current drill program, and Robert Weicker, P.Geo., is the qualified person, as defined by National Instrument 43-101, for the Capoose-Silver Trend project and supervised the preparation of the technical information in this release.

SILVER QUEST RESOURCES LTD.

"Randy Turner"

Randy Turner, Chairman

For further information please contact Investor Relations at 604-687-3959 or info@silverquest.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this news release.

FEATURED Emerging Markets Report: A Case for Uranium May 26, 2022 10:07 AM

KINETIC Group (OTC:KNIT) ("KNIT") Acquires GSS Infrastructure LLC in an All Stock Transaction KNIT May 27, 2022 10:00 AM

XCPCNL Signs Letter of Intent to Acquire Communications, Financial Disclosure, and Multimedia Marketing Firm, Mcap Media, Inc. XCPL May 27, 2022 7:00 AM

Thunder Energies Signs $40 Million Funding Agreement TNRG May 26, 2022 4:30 PM

HNRC UPDATES ON SECOND $100 MILLION DOLLAR SPAC HNRC May 26, 2022 10:00 AM

Grove Inc. Upexi Division Launches Medicinal Mushroom Product Line Direct to Consumer and on Amazon GRVI May 26, 2022 9:07 AM

SciSparc Announces Ethics Committee Approval to Conduct a Phase IIb Trial in Tourette Syndrome SPRC May 26, 2022 8:35 AM

Branded Legacy, Inc. Signs LOI To Acquire First Patent Thomas Pepper Johnson To Join Company's Executive Team BLEG May 26, 2022 8:30 AM

Dalrada Continues Upward Trajectory with 252% Growth in Third Quarter 2022 Financial Results DFCO May 26, 2022 8:00 AM

Atlanta Based Specialty Realty Group Reorganizes, Changes Business Plan & Leadership TNRG May 25, 2022 8:00 PM

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Agrees Terms With an Acquisition Delivering Upwards of $100 Million in Annual Revenue ILUS May 25, 2022 11:52 AM

Branded Legacy, Inc. To Introduce New Delta 9 blend THC-0/Delta-8 Blend Gummies Sell Out Again BLEG May 25, 2022 8:30 AM

Goldshore Resources Announces Public (NSERC & MITACS) and Educational (Lakehead University) Tri-Party Institutional Partnership with Alliance Grant GSHR May 25, 2022 8:20 AM

Ultrack Systems Fully Acquires California Trucking Company M-Loan Inc. MJLB May 24, 2022 9:30 AM

SciSparc and Clearmind Medicine Inc. Collaboration Yields Positive Results for its Psychedelic Combination Treatment CMND May 24, 2022 8:36 AM