Conquest Announces Private Placement Financing of Up to $3.0 Million TORONTO, ONTARIO, Dec. 8, 2010 (Marketwire) --
Conquest Resources Limited - (TSX VENTURE:CQR). Is pleased to announce that it has entered into an engagement agreement with Northern Securities Inc., as lead agent on behalf of a syndicate (the "Agents"), to raise gross proceeds of up to $3-million in flow-through shares (the "Offering").
The flow-through shares are priced at $0.22 per share. Completion of the Offering is subject to certain conditions, including approval in accordance with applicable securities laws and the requirements of the TSX Venture Exchange.
The Agents will be paid a commission fee of 7% in cash and 10% in broker warrants exercisable for common shares at $0.22 per share for a period of two years from closing.
The Offering will be made available to accredited investors in Canada and eligible international investors. No securities will be offered in the United States of America or to United States residents. All securities issued will subject to a hold period of four months and one day from the date of issue
Closing of the Offering is expected to occur on or about December 22, 2010.
Exploration on the Alexander Property, Red Lake, Ontario
Proceeds of the Offering will be used to fund ongoing exploration on Conquest's Alexander Property near Red Lake, Ontario.
Conquest's Alexander Gold Project lies immediately east of Goldcorp Inc.'s Red Lake and Campbell mines in the heart of the Red Lake Gold Camp within the important Red Lake "Mine Trend" and is almost completely surrounded by Goldcorp's land holdings. The Red Lake Mining District has produced an excess of 25 million ounces of gold over the past 60 years.
Conquest plans to conduct 20,000 metres of diamond drilling in 2011 in subsequent phases of exploration on the Alexander Property. The focus is to continue the systematic exploration drilling of structures extending from the adjacent Red Lake Gold Mine within Balmer Assemblage stratigraphy below the 700 metre level under the western portion of the Alexander Property and to further explore a Sulphide Shear Zone located under the central part of the Property.
In 2010, Conquest completed 9,030 metres of drilling, including 7,755 metres of deep drilling in five holes under the western part of the Alexander Property and 1,275 metres in three holes on the Sulphide Shear Zone.
There are currently 86,838,637 shares of Conquest issued and outstanding.
This news release may include certain "forward-looking statements"-- --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.
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
Conquest Resources Ltd. (TSX:CQR) Show Booth # #903 at Vancouver Resource Investment Conference January 23-24, 2011 Vancouver Convention Centre, West 1055 Canada Place, Vancouver, BC
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Conquest Commences Drilling At Alexander Sulphide Shear Zone In Red Lake TORONTO, ONTARIO, Feb. 7, 2011 (Marketwire) --
Conquest Resources Limited (TSX VENTURE:CQR) is pleased to announce the commencement of drilling at its 100% owned Alexander Property in Red Lake, Ontario.
The 2011 Exploration Program will comprise approximately 15,000 metres of NQ-sized drilling in five parent drill holes with additional wedge holes under the central and western portions of the Alexander Property. Drilling will target favorable sheared Balmer Assemblage units which are host to the adjacent Goldcorp Red Lake Gold Mines.
The first drill hole of the program (CR-11-044) has been collared in a steeply dipping northerly direction under the central portion of the Alexander Property. The drill hole has been designed to intersect the down dip extension of the Sulphide Shear Zone at approximately 1,000 metres vertical depth.
During the 2010 Exploration Program, trenching revealed a 7-metre true thickness zone of intense shearing that contained extensive sulphide mineralization and strong quartz carbonate alteration known as the Sulphide Shear Zone. Detailed structural mapping of this zone identified steeply dipping sulphide stringer mineralization within a shear zone.
Elevated gold values of 300 to 400 parts-per-billion (ppb) were obtained from within the Sulphide Shear Zone channel sampling on surface (See Press Release dated September 27, 2010). Subsequent drilling during 2010 intersected further elevated values in the shear zone at 80 to 180 metres vertical depth which has provided encouragement to undertake further drilling to locate the source of the anomalous gold in the shear system. Conquest intends to investigate the extension of its Sulphide Shear Zone along strike and at depth with the initial drilling in its 2011 Exploration Drilling Program.
During 2010, Conquest completed 9,030 metres of drilling from March through November comprising two deep parent holes and three wedge holes for a total of 7,755 metres of drilling, under the western portion of the Alexander Property, and three drill holes totaling 1,275 metres of shallow drilling under the Sulphide Shear Zone.
Conquest has contracted Boart Longyear Canada for its drilling services on the project.
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.
ABOUT THE COMPANY
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 Cold Corporation; and, the Smith Lake Gold Project at Missanabie.
Conquest and Detour Gold Corporation ("Detour Gold") are exploring for structurally-hosted gold mineralization under a joint-venture agreement at the Sunday Lake property located along the Sunday Lake Deformation Zone approximately seven kilometres east of Detour Gold's 14.9 million ounce proposed open pit gold mine. Detour Gold, as operator, has agreed to expend $1,000,000 on exploration prior to September 30, 2014 to earn a 50% interest in the Sunday Lake Property.
Conquest holds 100,000 shares of Detour Gold Corporation.
There are currently 95,477,728 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.
Conquest Resources Limited President & CEO 647-728-4126
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
The Babs & Beehive Mines are former gold production properties situated respectively about 10km north and 30km northwest of Kwe Kwe.
The mines were developed by African Gold PLC of London between 1997 and 1998 at a cost of approximately $4.5 million and operated for nine months before being placed on care and maintenance in early 1999 as a result of falling gold prices and increasing costs in Zimbabwean currency.
The inferred mineral resource for both mines is 360,000 tonnes at a grade of 5.7gm/t gold. A further open pit potential of 400,000 tonnes of low grade mineralisation may be amenable to heap leach gold extraction. The mines are considered to have excellent upside for additional reserves to be delineated following completion of drilling and underground development programmes.
As part of the acquisition Conquest acquired a 300 tonne per day processing plant located at the Beehive mine site which was constructed in 1998.
Project Location
The Beehive mine is located approximately 10km north of Kwekwe, adjacent to the Indarama and Sherwood Star gold mines and 6km north of the Piper Moss mine. The Babs mine is located 30km west of Kwe Kwe.
The Beehive mine is readily accessible from the main Harare-Bulawayo highway and the Kwe Kwe-Gokwe paved highway passes alongside the Babs property. There is 33kva electrical power supply from the national power grid available at both sites.
Project Geology
The mine properties lie within the Midlands Greenstone Belt, the largest and most prolific of the greenstone belts in terms of gold production for Zimbabwe. Within the belt, the Bulawayan and Shamvian Groups represent the two dominant stratigraphic units. The Bulawayan Group is the older and defines the lateral extent of the greenstone belt. It consists primarily of mafic to felsic volcanics which have been subdivided into a lower Mafic Formation, a middle sequence consisting of intermediate volcanics known as the Maliyami Formation, and an upper Felsic Formation. The Shamvian Group unconformably overlies the Bulawayan volcanics and consists prim arily of a series of immature volcanic derived sediments which are generally represented by greywackes, grits, phyllites and conglomerates. The structural evolution of the Midlands Greenstone Belt initially involved extension, which led to the emplacement of the volcanics of the Bulawayan Group. Later the Sesombi, Whitewaters and Biri tonalites were intruded. This led to compressional deformation which formed a regional cleavage and foliation, folding and hearing, together with low grade metamorphism.
The Beehive mine is located along the regional Taba Mali deformation zone and is hosted in mafic greenstones and pillow lavas of the Mafic Formation of the Bulawayan Group. Three cross cutting banded ironstone bodies occur within the immediate mine complex which host gold mineralization. A felsic quartz porphyry containing low grade gold mineralization occurs to the south. The Babs mine is located in sheared propylitized andesitic lavas assigned to the Maliyama Formation of the upper Bulawayan Group. The Sesombi tonalitic intrusive occurs to the north and east of the mine. Reserves and Resources
There are no reserves on the properties that can be defined under National Instrument 43-101. An inferred mineral resource for both mines, as presented by L. S. Blake of Blake Geological Consultants Limited in a report dated October 20, 2000, is 360,000 tonnes at a grade of 5.7g/t gold (Beehive: 145,000 tonnes at 8.8g/t Au; Babs: 214,000 tonnes at 5.0g/t Au). Blake indicates that a further inferred mineral resource of 400,000 tonnes of low grade mineralisation may be amenable to open pit mining and to heap leach gold extraction. The properties are considered to have potential for mineral resources and reserves to be delineated following completion of drilling and underground development programmes.
Conquest Intersects 6.34 Metres of 3.95 Grams Per Tonne Gold at Red Lake - TORONTO, ONTARIO--(Marketwire - Oct. 13, 2011) -
Conquest Resources Limited (TSX VENTURE:CQR) is pleased to report that the Company has intersected 6.34 metres of gold mineralization grading 3.95 grams per tonne (gpt) gold in the most recently completed drill hole at the Company's 100% owned Alexander Gold Project in Red Lake, Ontario.
Hole CR-11-051 intersected 3.95 gpt gold over 6.34 metres, including 17.50 gpt gold over 1.24 metres which includes 31.25 gpt gold over 0.53 metres of core at a hole depth of 495 metres.
Hole CR-11-051 was collared in a northeasterly direction near the southern property boundary adjacent to Goldcorp's Red Lake mine property.
Assay results from hole CR-11-051, including this 31.25 gpt gold assay, represent the highest grade intersections on the Alexander Property to date. This gold mineralization is present within a broad pyrite- arsenopyrite bearing quartz monzodiorite intrusive of unknown true thickness located in the hanging wall to Eastern Shear Zone belonging to the Balmer Assemblage suite of rocks.
CONQUEST'S ALEXANDER EASTERN SHEAR ZONE
During Summer 2011, Conquest discovered the Eastern Shear Zone, a new sulphide mineralized zone of shearing found in hole CR-11-048 (see Press Release – August 03, 2011) located 750 metres southeast of the Central Sulphide Shear Zone which was discovered in exploration drilling by Conquest during 2004. Follow-up drilling in holes CR-11-049, -050, and -051 suggests that the geometry and location of the Eastern Shear Zone is similarly oriented in strike and dip, but is a separate zone spatially from the Central Sulphide Shear Zone.
The Eastern Shear Zone is characterized by narrow pyrite-(arsenopyrite) and pyrrhotite-(pyrite-arsenopyrite- chalcopyrite) stringers with associated quartz- carbonate-(pyrite) veins within a structural envelope of shearing and biotite-chlorite-(silica) altered Balmer assemblage basalts ranging from 5 to 10 metres in true thickness.
Earlier mining activities at Goldcorp's Red Lake Gold Mine –
No. 1 Red Lake Complex (the former Dickenson Mine) produced gold from mineralized Balmer assemblage basalts similar to those sulphide-carbonate bearing sheared Balmer volcanics which have been identified at Conquest's Central Sulphide Shear Zone and Eastern Shear Zone.
FUTURE PLANS
Follow-up drilling on the Company's Alexander Property is planned in the next hole, CR-11-052, which will be collared in a northeasterly direction from a setup located approximately 100 metres east of CR-11-048 (325 metres east of CR-11-051) along the southern Conquest/Goldcorp mine property boundary under freezing conditions during January 2012. No drill holes have yet tested the eastern or depth extent of the Eastern Shear Zone horizon, which is approximately one square-kilometre in size along a vertical longitudinal section oriented 130AZ/-60DIP through the central and eastern portion of the Alexander Property.
The system remains open at depth and along strike and represents a significant new exploration target.
ABOUT THE ALEXANDER GOLD PROJECT
Conquest's Alexander Property lies immediately east of Goldcorp Inc.'s Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure and is almost completely surrounded by Goldcorp's land holdings. The Red Lake Mining District has produced in excess of 25 million ounces of gold over the past 60 years.
The important Balmer Assemblage volcanic rocks, which host the majority of gold produced from the Red Lake greenstone belt, and the adjacent Bruce Channel Formation metasedimentary rocks, which host some of the new gold discoveries at Red Lake, have been identified on the Alexander Property. These prospective host rocks lie within the Red Lake Mine Trend structural corridor which extends southeast from Goldcorp's two gold mines on to and across the Conquest Alexander Property. Many of the regional structures that have associated gold mineralization in the area of the two producing gold mines at Red Lake extend eastwards on to the Alexander Property.
A total of 9,772 metres of NQ sized drilling has been completed by Conquest during 2011. Two drill rigs are onsite and ready to resume drilling on frozen ground following the year-end freeze-up.
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 and Benjamin Batson, P. Geo., the Vice President of Exploration of the Company, both of whom are Qualified Persons within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.
Samples are analyzed by AGAT Laboratories in Mississauga, Ontario using a 50 gram pulp fire assay technique with ICP-OES finish. Conquest employs the use of standards, blanks, and duplicate samples to maintain confidence in the analytical techniques used to determine gold content in its core. Fifteen percent of the samples submitted to the laboratory comprise samples used for quality assurance and control for gold content. AGAT also employ the use standards, blanks and duplicate samples to calibrate on a regular basis within batches.
CONTINUED EXPLORATION AT CONQUEST'S OTHER GOLD PROPERTIES
Conquest is also drilling at its 100% owned Smith Lake Gold Project located adjacent to the former Barrick Renabie Gold Mine near Missanabie, Ontario. A total of 1,109 metres of exploration drilling was completed during the Fall of 2011. The first hole of the program, CSL-11-001 contained a high grade intersection of gold grading 63.3 grams per tonne over 0.28 metres within the targeted structurally hosted quartz-pyrite vein.
Historical production from vein-hosted gold bearing structures at the adjacent former Renabie Gold Mine totaled more than 1,000,000 ounces of gold since 1941 from reported reserves of approximately 6 million tonnes at an average grade of 6.6 grams of gold and 2 grams of silver per tonne.
Assays are pending from holes CSL-11-002 through CSL-11-010 at Smith Lake and are expected by the end of October.
In addition to its drilling programs at Red Lake and Smith Lake, Conquest is exploring for structurally-hosted gold mineralization under a joint-venture agreement with Detour Gold Corporation ("Detour Gold") at the Sunday Lake property located along the Sunday Lake Deformation Zone approximately seven kilometres east of Detour Gold's 14.9 million ounce proposed open pit gold mine. Detour Gold completed a seven-hole drill program comprising 1,650 metres of exploration drilling during Winter 2010/11. Conquest expects that additional exploration drilling will be planned for Winter 2011/12.
Conquest holds 80,000 shares of Detour Gold Corporation.
There are currently 95,477,728 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.
Conquest Resources L (CQR) fiat$0.085 UP $0.015 +21.43% :-)
Volume: 199,000 @ 3:59:41 PM ET Bid Ask Day's Range 0.08 0.085 0.07 - 0.085 TSX:CQR Detailed Quote Wiki
Conquest Reports Surface Gold Mineralization on Its Smith Lake Ontario Property - TORONTO, ONTARIO--(Marketwire - Nov. 17, 2011) -
Conquest Resources Limited (TSX VENTURE:CQR) is pleased to report encouraging assay results from surface channel samples obtained during its recent mapping and sampling trench excavation carried out at its 100% owned Smith Lake Gold Project where 50% of the samples collected returned significant gold values ranging from 1 to 14.7 grams per tonne gold.
The Smith Lake Property is located adjacent to the former Renabie Gold Mine in northern Ontario where Conquest has uncovered a mineralized zone of significant width comprised of folded quartz veining over six metres in true thickness where gold mineralization appears consistently elevated.
An outcrop was excavated in conjunction with recently reported preliminary diamond drilling at the site of a quartz vein prospect where a total of 54 samples were cut from the trench exposure and sent for gold assay. Twenty-one channel samples and six grab samples assayed greater than 1.0 gram of Gold per tonne (gpt Au) including:
14.7 gpt Au over 0.69 metres (m) 10.6 gpt Au over 1.06 m adjacent to 6.45 gpt Au over 1.06 m and 7.17 gpt Au over 1.05 m 7.41 gpt Au over 0.49 m 4.57 gpt Au over 1.07 m
Conquest Commences Drilling at Its Smith Lake Gold Property in Northern Ontario TORONTO, ONTARIO--(Marketwire - Feb. 8, 2012) -
Conquest Resources Limited - (TSX VENTURE:CQR) reports that it has commenced a 2,500 metre diamond drilling program at its 100% owned Smith Lake Gold Property, located within the Missanabie-Goudreau Greenstone Belt, in northern Ontario.
Summit Drilling Services Inc. has been contracted to operate their lightweight drilling equipment for an estimated three months of BQ-sized exploration core drilling. A total of 20 planned drill holes have been designed to test near surface vein systems and other structural targets on the property.
The first four holes of the program have been planned to follow up Conquest's high grade 63.3 grams per tonne (g/t) gold intersection from hole CSL-11-001 (as previously reported - see Press Release dated September 19, 2011) in the Company's 2011 autumn drilling program.
Second order priority holes will target east-west oriented structures near the northern extension of the north-south oriented Braminco Shear Zone.
Additional targets have been identified at sites with coincident structural and Mobile Metal Ion ("MMI") surface geochemical anomalies.
ABOUT THE SMITH LAKE PROPERTY
Conquest's Smith Lake Property consists of six patented mining claims and 24 contiguous mining claims comprising over a 50 square kilometer area that is located contiguous with the former Barrick/Homestake Renabie Gold Mine which closed in 1991 having produced more than 1,000,000 ounces of gold since 1941 from reported reserves of approximately 6 million tonnes at an average grade of 6.6 grams per tonne gold and 2 grams per tonne silver.
During 2011, Conquest completed 1,109 metres of diamond drilling on Conquest's 100% owned patented mining claims at Smith Lake. The most significant gold intersection on the Smith Lake Property was located in the first drill hole of the program grading 63.3 grams per tonne (g/t) of gold over 0.28 metres within a mineralized quartz vein in hole CSL-11-001. Of a total 318 samples collected from the ten hole program, 30 samples returned anomalous assays ranging from 0.25 g/t to 63.3 g/t gold over 0.22 to 1.50 metres in core length thickness.
Gold mineralization in the Renabie area is the result of repetitive hydraulic fracturing and shear zone inflation within Archean-aged granitoid intrusives. The repetitive nature of veining results in ribbon textured veining that is strongly controlled by two main structural trends oriented east-west and northwest-southeast, both of which are present on Conquest's patented mining claim group at Smith Lake.
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 and Benjamin Batson, P. Geo., the Vice Present of Exploration of the Company, both of whom are Qualified Persons within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.
Samples were analyzed by AGAT Laboratories in Mississauga, Ontario using a 50 gram pulp fire assay technique with ICP-OES finish. AGAT employs the use standards, blanks and duplicate samples to calibrate on a regular basis within batches.
ABOUT THE COMPANY
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.
Conquest and Detour Gold Corporation are exploring for structurally-hosted gold mineralization under a joint-venture agreement at the Sunday Lake property located along the Sunday Lake Deformation Zone approximately seven kilometers east of Detour Gold's 15.6 million ounce planned open pit gold mine. Detour Gold, as operator, has agreed to expend $1,000,000 on exploration prior to September 30, 2012 to earn a 50% interest in the Sunday Lake Property. Detour Gold completed 1,600 metres of exploration drilling during winter 2011 and is currently planning a 2,000 metre winter drilling program for 2012.
- which produced around 16,000 ounces of gold in 1984. In 1984, Barrick Gold acquired Camflo Mining, which had operations in the province of Quebec and in the U.S. state of Nevada. Barrick’s effort to purchase was slowed by skepticism the company could assume Camflo’s debt of around $100 million. The sale was finalized in May, 1984, with terms that obligated Barrick Gold to repay the debt to The Royal Bank of Canada within one year. The debt was fully paid in January, 1985. Barrick Resources acquisition was Mercur mine in Mercur, Utah in June 1985, followed by the Gold Strike Mine, Nevada in 1986. Gold Strike Mine is in Carlin trend, estimated producing 100 million ounces of gold. - GOLD AND SILVER
Conquest Intersects Gold Mineralization in Five Drill Holes at Smith Lake Gold Property in Northern Ontario -
TORONTO, ONTARIO--(Marketwire - March 20, 2012) -
Conquest Resources Limited (TSX VENTURE:CQR) reports that it has completed fifteen drill holes totaling 1,759 metres of diamond drilling in a planned 2,500 metre exploration program at its 100% owned Smith Lake Gold Property, located adjacent to the former Renabie Gold Mine, in northern Ontario.
Of the fifteen holes completed since the commencement of drilling in February 2012, Conquest has received assay results on the initial six holes with five of the six holes, namely CSL-12-011, CSL-12-012, CSL-12-013, CSL-12-015 and CSL-12-016 returning anomalous gold values between 0.52 and 2.80 grams of gold per tonne (gpt Au) over 0.25 to 1.52 metres true thickness in eleven of a total of ninety-two samples, detailed below.
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