Silver Quest Commences Drilling at Capoose Project, BC
Benzinga Staff
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Posted on 06/15/10 at 8:06am by Benzinga Staff
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2010) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to announce that the 2010 Exploration and Drill program has commenced at the Capoose Project ("Capoose"). Capoose is located 185 km southwest of Prince George, in central British Columbia. The property is 25 km northwest of Silver Quest's Davidson Project and 30 km north of Silver Quest's 3Ts property. For more information on these properties please visit Silver Quest's website at www.silverquest.ca.
Silver Quest is planning an extensive drill program consisting of approximately 35 drill holes and over 10,000 metres of drilling. Drill holes have been planned to expand upon Silver Quest's current NI 43-101 Inferred Resource of 1.32 million ounces of gold equivalent or 53 million tonnes at a grade of 0.77 g/t gold equivalent. Drill holes will be oriented in a grid pattern at regular intervals to test the extent of mineralization in the central, untested portion of the deposit area and to test the area to the south of the known deposit. Two diamond drills have been mobilized to the project, and drilling will commence tomorrow. Silver Quest anticipates that drilling will continue at Capoose until mid-August, with assay results being released throughout the program.
Silver Quest will be using Eco Tech Laboratory in Kamloops, BC, an International Standard ISO 9001:2000-certified laboratory to analyze and assay all samples from the Capoose project this year. Diamond drilling is being carried out by Driftwood Diamond Drilling Ltd. of Smithers, BC. Mr. David Pawliuk, P. Geo., the Company's VP - Exploration is the qualified person, as defined by National Instrument 43-101, for the Capoose project and supervised the preparation of the technical information in this release.
SILVER QUEST RESOURCES LTD.
Randy Turner, President
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