1st Target Objective fiat$.69 per share -
Note.,
P&F Point and Figure TI technical indicator is said to be
the oldest TI and the most reliabel TI indicator
GOLD SChart TA TI P&F Bullish Price
1st Target Objective $1716.48 per ounce
Let the Gold long term trend be your friend
Conquest Commences Drilling At Alexander Sulphide Shear Zone
In Red Lake
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59638695
Detour Gold Commences Drilling Program at Conquest's Sunday Lake Property
Mar. 7, 2011 (Marketwire Canada) --
TORONTO, ONTARIO --
Conquest Resources Limited
(TSX VENTURE:CQR) is pleased to report that Detour Gold
Corporation ("Detour Gold") has commenced a 2,000-metre diamond
drilling program at Conquest's Sunday Lake Property,
which is currently under joint venture option to Detour Gold.
A total of 10 exploration drill holes are planned from five
prioritized drill target areas defined by Detour Gold by their
recently completed induced polarization (IP) geophysical survey
and MMI (Mobile Metal Ion) soil geochemical program conducted
on the property, (see CQR Press Releases – October 27, 2010
and January 19, 2011) and historical work compilation.
Detour Gold has defined prospective targets for gold
mineralization in areas of high chargeability along a shear
structure located 500 metres to the north and parallel to
the Sunday Lake Deformation Zone (SLDZ), which transect a
significant portion of the seven-kilometre length of
the Sunday Lake Property.
In 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 over
the next two years, including a minimum expenditure of
$500,000 prior to September 30, 2011.
Detour Gold has initiated construction activities at its
Detour Lake open pit mine, with a mineral reserve of 14.9
million ounces, located approximately seven kilometers west
of Conquest's Sunday Lake property.
Conquest holds 100,000 shares of Detour Gold Corporation.
ABOUT THE COMPANY
Conquest also continues to explore at its 100% owned
Alexander Gold Project in the heart of
the Red Lake gold camp with its ongoing multi-phase 20,000
metre, deep drilling program.
Conquest is exploring several gold projects in Ontario.
These include the Alexander Gold Project at Red Lake;
the Sunday Lake property at Detour Lake in joint venture with
Detour Gold Corporation;
and the Smith Lake Gold Project at Missanabie.
There are currently 95,239,092 shares of Conquest issued
and outstanding.
This news release may include certain "forward-looking
statements". All statements other than statements ---- 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.
Conquest Resources Limited
President & CEO
647-728-4126
Conquest Resources Limited
Vice-President
604-984-8633
Conquest Resources Limited
Chairman
416-362-6686
info@conquestresources.net
http://www.conquestresources.net
http://www.conquestresources.net/pdfs/CQR_Fact_Sheet.pdf
http://tmx.quotemedia.com/article.php?newsid=38250525&qm_symbol=CQR
http://www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM