Conquest Resources Ltd (CQR)

[NYBob]

Canada's largest pure gold play with gold reserves
of 14.9 million ounces -
Developing Detour Lake - Gold Reserve of 14.9 M oz in Canada



Feasibility study completed
Average annual gold production of approximately 649,000 ounces
at cash operating costs of US$437/oz
As a future significant gold producer, the Detour Lake mine
is expected to produce an average of 650,000 ounces of gold
annually over a mine life of 21 years (55,000 to 61,000tpd
milling rate)

Sunday Lake property = SUNDAY LAKE GOLD PROPERTY at Detour Lake

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.


Detour Lake project - Location & general geology

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.

Sunday Lake Gold property -
( 3 leases) which lies 5.5km east of the Detour mine,
along the Sunday Lake Deformation Zone, a major structural
break with which the Detour gold deposit


http://www.conquestresources.net/project_display_image.php?id=126

The Detour Lake deposit is situated in the area of the former
Detour Lake mine, which was operated by Placer Dome
and produced 1.8 million ounces of gold from 1983 to 1999.

The Sunday Lake Gold Property is comprised of 13 square-kilometres of patented
mining claims located four kilometres east of Detour’s 14.9 million ounce gold
deposit in the Northern Abitibi Greenstone Belt in Ontario that
is currently under development by Detour Gold Corporation
(DGC-TSX).
In September 2010, Conquest joint ventured its interest in its
Sunday Lake Gold Property with Detour Gold Corporation
whereby Detour Gold will expend $1,000,000 in exploration
over two years to earn a 50% interest in the project under
the new joint venture agreement.

The former Detour Gold Mine and the new Gold 14.9 million ounce
development project of Detour Gold is hosted along the same
Sunday Lake Deformation Zone
within the Northern Abitibi Greenstone Belt that transects
the entire length of the Sunday Lake claim group.

The Abitibi region has a history of world-class production
from over 100 gold mines totalling nearly 200 million ounces
of gold in historic production and current resources.

SUNDAY LAKE GOLD PROPERTY at Detour Lake -

A preliminary evaluation of a 2009 airborne geophysical survey
released by the Ontario Geological Survey infers that a
favorable structural horizon transects
the Sunday Lake Gold Property.

The geophysical data confirms that the Sunday Lake claims
which lie immediately to the east of the Detour Lake gold
deposit are associated with the same deformation trend -
the Sunday Lake Fault.

Conquest currently holds 100,000 shares of
Detour Gold which has recently traded in the range of
$26 to $32 per share.

http://www.gata.org/taxonomy/term/2

GOLD Chart TA P&F Alert Bullish Price Objective fiat$1710.0 per ounce 1st Target