Conquest Resources Ltd (CQR)

[NYBob]

Conquest-4.64 Grams Per Tonne Gold Intersected Over 6 Metres
in Sulphide Shear Zone Area

- Three Holes Intersect Sulphide Shear Zone Over 325 Metres Strike
at Alexander Gold Project in Red Lake, Ontario



TORONTO, ONTARIO, Sep 27, 2010 (MARKETWIRE via COMTEX) --

Conquest Resources Limited
(TSX-V:CQR) is pleased to announce the completion of 1,275 metres of drilling
in the central portion of its 100% owned Alexander property at Red Lake
where three drill holes intersected a zone of strongly sheared and altered
Balmer basalt containing strong sulphide mineralization.

The Company also continues to explore under the western portion of the property
with its ongoing 8,000 metre deep drilling program.

SULPHIDE SHEAR ZONE DRILLING

The supplemental three-hole program consisted of 1,275 metres of NQ-sized drilling
in the central part of the Alexander Property located
approximately one kilometre east of the ongoing deep drilling
program near the property boundary with Goldcorp.

Three holes, CR-10-041, -042, and -043 were drilled at -60
degrees dip to the north east under the eastern portion of the
Sulphide Shear Zone to respective hole depths of 486, 429,
and 360 metres.
The targeted zone is oriented approximately 120 degrees in strike,
dipping steeply to the south west, and remains untested in all
directions below 225 metres vertical depth.
Holes CR-10-041, -042, and -043 are widely spaced covering up to
325 metres of strike under the central part of the Alexander
property where several holes drilled by Conquest in 2003 and
2004 tested the upper stratigraphy where the best hole drilled
in 2004 intersected gold mineralization reporting 12 grams per
tonne over 0.43 metres.

In the recent 2010 program, a gold mineralized intrusive was intersected
within the Sulphide Shear Zone hanging wall in hole CR-10-042
at a vertical depth
of 238 metres containing 4.64 g/t gold over 6.0 metres,
which included 12.67 g/t gold over 1.50 metres.

Holes CR-10-041 and -043 intersected strong sulphide mineralization
hosted in strongly sheared and carbonate-silica-biotite altered
basalts over respective true thickness widths of 11.6 and 9.2 metres.
Hole CR-10-042 intersected similar mineralization over 4.7 metres true thickness.

The geology intersected in these three holes provides strong encouragement
to undertake follow-up drilling in the open areas to the west
and beneath this shear zone where the interpreted extension
of this zone remains untested and highly prospective.

NEW TRENCHING UNCOVERS SEVEN METRE-WIDE MINERALIZED SHEAR ZONE
OVER 80 METRES AT SULPHIDE SHEAR ZONE

In addition to drilling, a new trench was excavated exposing a
35 x 80 metre window into the surface geology above the area
targeted in drilling at the Sulphide Shear Zone.
A seven metre true-thickness mineralized and strongly carbonate-silica-biotite
altered shear zone was uncovered on strike with surface mineralization
discovered by Conquest in 2003 (Sulphide Shear Zone).

New trenching at the Sulphide Shear Zone has provided a sizeable exposure
for the first time of the detailed structural relationships and
lithological contacts, which are key components required to
understand the geometry and structural setting of the
mineralization found on the Property.
The mineralization and alteration observed in the Sulphide Shear Zone
is similar to those mineralized zones present at the adjacent Red Lake Mine.

At surface, the uncovered shear zone is intensely oxidized.
Sulphide mineralization is contained within a seven to nine
metre thick, strongly sheared zone oriented at 120 degrees
in azimuth, dipping 65 degrees to the southwest.
The zone contains moderate to steeply dipping, sheared and
folded quartz carbonate veins with pervasive carbonate and
biotite alteration throughout.

Mineralization is dominated by near-solid sulphide pyrrhotite-pyrite
sulphide stringers in the hanging-wall within the upper portion
of the shear zone where carbonate-biotite-silica-magnetite
alteration is the strongest and most oxidized.
Mineralization extending into the footwall of the shear zone
is dominated by weaker pyrite-arsenopyrite disseminated
sulphide mineralization throughout the sheared,
silica-biotite altered host basalt.

Channel samples were cut from the trench on a locally established
grid across the entire width of the shear zone.
Samples were fire assayed for gold and then further processed
for a detailed suite of trace elements using ICP methods at
Activation Laboratories in Red Lake and Thunder Bay, Ontario.
Anomalous gold values were returned over the most intensely
oxidized hanging-wall portions of the shear zone in the range
of 50 to 200 ppb.
The highest values were found to occur in the footwall of
the shear zone between 300 and 400 ppb gold.

It is believed that the Sulphide Shear Zone is one of several
southwest dipping shear zones containing steeply west plunging
sulphide mineralized chutes.
Similar structures have been found at adjacent mines in
the Red Lake camp to be very strongly correlated to
high grade gold mineralization.

DEEP DRILLING EXPLORATION

The drilling of the second parent hole and subsequent wedging
in the 8,000 metre deep drilling program on the western portion
of the Alexander property is ongoing and
will be completed in November.

ABOUT THE ALEXANDER PROPERTY

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 have 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 with associated gold
mineralization in the area of Goldcorp's two producing mines
cross on to the Alexander Property.

QUALIFIED PERSON

Information of a scientific or technical nature contained in this
release has been prepared by or under the supervision of
Terence McKillen, P.Geo., the Chief Executive Officer of
the Corporation and a Qualified Person within the meaning
of National Instrument 43-101 of the Canadian Securities
Administrators. Sampled core is being cut in half and shipped
via courier to AGAT Labs in Mississauga for gold fire assay
using a 50 gram charge taken from a representative 200 gram
pulp. Conquest employs the regular use of internal check
standards, blanks, and double splits within its QA/QC program.

ABOUT THE COMPANY

Conquest is exploring several gold projects in Ontario. These include the Alexander Gold Project at Red Lake; the Aurora and Sunday Lake properties at Detour Lake; the King Bay Gold Project at Sturgeon Lake (60% interest); and the Smith Lake Gold Project at Missanabie.

There are currently 83,713,637 shares of Conquest issued and outstanding.

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.

Contacts:
Conquest Resources Limited
Terence N. McKillen
President & CEO
647-728-4126

Conquest Resources Limited
John F. Kearney
Chairman
416-362-6686
[e-mail]

http://www.conquestresources.net

SOURCE: Conquest Resources Limited

mailto: [e-mail]

http://www.conquestresources.net/news_breaking.php



Red Lake Gold Mines (RLGM) is composed of two operating complexes:
the Red Lake and the Campbell Complex.
Situated in one of the world's most prolific gold producing regions,
RLGM has produced 20 million ounces since 1949 and it continues to
be one of the highest-grade gold mines and lowest cost producers
in the world.
RLGM is also the largest gold mine in Canada.
The High Grade Zone alone has averaged more than two ounces
of gold per ton.



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http://www.conquestresources.net/project_details.php?pid=3&s=o