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.
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