Detour Gold Commences Winter Work Program at Conquest's Sunday Lake Property - 1,200 Metres of Diamond Drilling - Induced-Polarization (IP) Geophysical Survey
TORONTO, ONTARIO--(Marketwire - Feb. 11, 2013) -
Conquest Resources Limited (TSX VENTURE:CQR) ("Conquest" or the "Company") is pleased announce that Detour Gold Corporation ("Detour Gold") has commenced a winter exploration program at Conquest's Sunday Lake property (the "Property"), which is currently under option to Detour Gold.
The program comprises induced polarization ("IP") geophysics and 1,200 metres of exploration diamond drilling.
The Property lies approximately seven (7) kilometres east of Detour Gold's open pit gold mine in northern Ontario, for which Detour Gold today announced the "Start of Production at Detour Lake" (see Detour Gold Press Release - February 11, 2013).
Drilling is anticipated to commence in mid-February.
The exploration work program is estimated to cost $320,000 and is funded entirely by Detour Gold.
Conquest does not anticipate contributing financially to this final earn-in program.
IP surveys completed by Detour Gold have defined a total of twenty- seven (27) exploration targets potentially prospective for gold mineralization in areas of high chargeability along interpreted structures located in, and adjacent to, the Sunday Lake Deformation Zone (SLDZ), which transects a significant portion of the seven-kilometre length of Conquest's Sunday Lake property.
Four of the twenty-seven target areas are the subject of a four-hole 1,200 metre winter drilling program planned by Detour Gold later this month following completion of a geophysical survey (refer to below).
IP GEOPHYSICAL TIE-ON SURVEY
Line cutting is in progress over the target area in the northern central portion of the Sunday Lake property. Insight Geophysics Inc. ("Insight") of Oakville, Ontario has been contracted by Detour Gold to carry out the geophysical survey which has been designed to tie-on to the existing 2011 IP survey completed by Detour Gold. The tie-on survey is expected to be completed by mid-February.
Insight will be conducting a high resolution, deep penetrating, IP and Direct Current ("DC") Resistivity survey on the Sunday Lake Property.
It is anticipated that the results of this survey will provide geophysical information pertaining to the bedrock geology at depth where other surveys have been limited due to the extensive clay- bearing overburden cover that is present over the Sunday Lake property. Information from this survey will assist in prioritizing drill targets for the upcoming drill program.
ONGOING GEOLOGICAL ASSESSMENT
The remaining twenty-three (23) second- and third-order targets will be subject to further assessment by Conquest and Detour Gold at a later date based on Detour Gold's historical work compilation conducted on the Property and by Detour Gold's MMI soil geochemical program (2010), IP geophysical survey (2011), and 1,600-metre winter drilling program (2011).
During January, Detour Gold conducted a re-logging assessment of historical drill core from two exploration holes (SL-04-01 and SL- 04-05) that were drilled during 2004 by Conquest. In 2004, the Company intersected 3.80 grams per tonne ("gpt") gold over 0.60 metres within mafic volcanics in hole SL-04-05 and 2.82 gpt gold over 0.30 metres in sericite altered diorite intrusive in hole SL-04-01. Re-logging by Detour Gold has confirmed the presence of quartz tourmaline veins hosted in diorite intrusive. Additional sampling of micro quartz-tourmaline veins from these previously drilled holes will be submitted for assay later this month.
ABOUT THE SUNDAY LAKE PROPERTY
Conquest and Detour Gold are exploring for structurally-hosted gold mineralization under a joint-venture agreement at Conquest's Sunday Lake property located along the Sunday Lake Deformation Zone.
During 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, as amended on June 15, 2012, prior to September 30, 2013.
ABOUT THE COMPANY
Conquest is exploring several geologically significant gold projects in Ontario, Canada. In ad dition to Conquest's Sunday Lake, the Company is undertaking exploration activities at its flagship Alexander Property in Red Lake, Ontario and Smith Lake Property at Renabie, Ontario.
Conquest holds 41,440 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 ---- 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.
Contact Information: Conquest Resources Limited Robert J. Kinloch President & CEO 306-343-5799
Conquest Resources Limited Benjamin Batson V.P. Exploration 647-728-4134
Conquest Resources Limited John F. Kearney Chairman 416-362-6686 info@conquestresources.net
Prefer the gold in the safest hardrock safe - they want it so it will be mined - Any ETF's gold fund will be confiscated 1st for sure - its a NONO for gold investors -
Well - Ex. my2penny comp. - Within a 2 kilometres of more than 28 million ounces of Goldcorps's Red Lake Mines - biggest gold producing mines in Canada and very low cost -
Ex: Conquest Resources Ltd. (TSXV:CQR) Alexander gold property @ Goldcorp's Red Lake Mines -
Prefer the gold in the safest hardrock safe - they want gold so it will be mined and the mines will go 24hrs./day - just like in the thirties - when gold mines employed the most workers - Any ETF's gold fund will be confiscated 1st for sure - its a NONO for gold investors -
Well - Ex. my2penny comp. - Within a 2 kilometres of more than 28 million ounces of Goldcorps's Red Lake Mines - biggest gold producing mines in Canada and very low cost -
Ex: Conquest Resources Ltd. (TSXV:CQR) Alexander gold property @ Goldcorp's Red Lake Mines -
James Rickards-Gold $10,000 to $50,000 per Ounce - Greg Hunter -
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Ex...
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Conquest Resources Ltd. (TSXV:CQR) Gold Outlook 2016: Why Prices are Set to Explode -
As gold prices bounce along the bottom of a four-year low, savvy investors are setting themselves up for the beginning of a new commodities bull market.
Simply put? All indicators right now are pointing to a surge in the spot price of gold in 2016, with experts predicting a new bull run that could double, even triple prices – and in a very short amount of time.
“Gold will see another parabolic bull run in 2016,” says Chintan Karnani, chief market analyst at Insignia Consultants.
“We're overdue for this correction,” says Ron Meisel, one of North America's leading technical analysts.
Or as Standard Chartered argues, 2016 is poised for a “rapid rise in gold prices.”
If you're an investor looking to buy gold in 2016, it's crucial that you check out our exclusive metals forecast report: “Gold Outlook 2016: How to Profit From Gold's Return” before investing.
This report will reveal exactly why we've become so bullish on gold, how high we think it will go in 2016, and why you should be rushing to get your own gold bullion today.
To receive your copy, simply enter your email address in the box below.
But hurry: Gold prices won't remain this low for long, and we only have a limited number of digital copies we're allowed to provide.
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000 May 26, 2016
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000 With the price of gold and silver pulling back and consolidating recent gains, today legendary Pierre Lassonde spoke with King World News and predicted for the first time ever that the price of gold will soar above $10,000.
mick thank you, RE: 512.6 Hectare Gold Eagle Sells for 1.5 Billion in 2008 - Only eight years ago, the adjacent property to Conquest Resources sold for 1.5 Billion to Gold Corp. It was only 512.6 Hectares. Compared to Conquest which is 448 Hectares in size.
MINERAL EXPLORATION PROPERTY Gold Eagle Property The Gold Eagle property, which consists of 35 contiguous patented claims with an area of 512.6 ha, is located in Dome Township approximately 6 km from the town of Red Lake, Ontario. The property has been subject in the past to mining operations, systematic geological, geochemical and geophysical surveys and a drilling campaign. To date over 132,000 m of drilling has been completed on the Gold Eagle property since 2004 and of that total over 97,000 m of drilling has been completed on the BCD. Currently the Gold Eagle property is undergoing an extensive surface diamond drilling exploration program on the BCD. Drilling consists of a master or mother hole with multiple wedging off each such hole. The Companys drill hole reporting method follows a reference. http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2008/Goldcorp-Consolidates-Red-Lake-District-With-15-Billion-Acquisition-of-Gold-Eagle/default.aspx
This is exactly why we are investing in this - Conquest Resources Ltd. (TSXV:CQR stock >
Conquest Resources Ltd. (TSXV:CQR) (USOTC:CQRLF) Gold Outlook 2016: Why Prices are Set to Explode -
As gold prices bounce along the bottom of a four-year low, savvy investors are setting themselves up for the beginning of a new commodities bull market.
Simply put? All indicators right now are pointing to a surge in the spot price of gold in 2016, with experts predicting a new bull run that could double, even triple prices – and in a very short amount of time.
“Gold will see another parabolic bull run in 2016,” says Chintan Karnani, chief market analyst at Insignia Consultants.
“We're overdue for this correction,” says Ron Meisel, one of North America's leading technical analysts.
Or as Standard Chartered argues, 2016 is poised for a “rapid rise in gold prices.”
If you're an investor looking to buy gold in 2016, it's crucial that you check out our exclusive metals forecast report: “Gold Outlook 2016: How to Profit From Gold's Return” before investing.
This report will reveal exactly why we've become so bullish on gold, how high we think it will go in 2016, and why you should be rushing to get your own gold bullion today.
To receive your copy, simply enter your email address in the box below.
But hurry: Gold prices won't remain this low for long, and we only have a limited number of digital copies we're allowed to provide.
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000 May 26, 2016
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000 With the price of gold and silver pulling back and consolidating recent gains, today legendary Pierre Lassonde spoke with King World News and predicted for the first time ever that the price of gold will soar above $10,000.
RE: 512.6 Hectare Gold Eagle Sells for 1.5 Billion in 2008 - Only eight years ago, the adjacent property to Conquest Resources sold for 1.5 Billion to Gold Corp. It was only 512.6 Hectares.
Compared to Conquest which is 448 Hectares in size.
MINERAL EXPLORATION PROPERTY Gold Eagle Property The Gold Eagle property, which consists of 35 contiguous patented claims with an area of 512.6 ha, is located in Dome Township approximately 6 km from the town of Red Lake, Ontario. The property has been subject in the past to mining operations, systematic geological, geochemical and geophysical surveys and a drilling campaign. To date over 132,000 m of drilling has been completed on the Gold Eagle property since 2004 and of that total over 97,000 m of drilling has been completed on the BCD. Currently the Gold Eagle property is undergoing an extensive surface diamond drilling exploration program on the BCD. Drilling consists of a master or mother hole with multiple wedging off each such hole. The Companys drill hole reporting method follows a reference.
This is exactly why we are investing in this - Conquest Resources Ltd. (TSXV:CQR stock >
Conquest Resources Ltd. (TSXV:CQR) (USOTC:CQRLF) Gold Outlook 2016: Why Prices are Set to Explode -
\
As gold prices bounce along the bottom of a four-year low, savvy investors are setting themselves up for the beginning of a new commodities bull market.
Simply put? All indicators right now are pointing to a surge in the spot price of gold in 2016, with experts predicting a new bull run that could double, even triple prices – and in a very short amount of time.
“Gold will see another parabolic bull run in 2016,” says Chintan Karnani, chief market analyst at Insignia Consultants.
“We're overdue for this correction,” says Ron Meisel, one of North America's leading technical analysts.
Or as Standard Chartered argues, 2016 is poised for a “rapid rise in gold prices.”
If you're an investor looking to buy gold in 2016, it's crucial that you check out our exclusive metals forecast report: “Gold Outlook 2016: How to Profit From Gold's Return” before investing.
This report will reveal exactly why we've become so bullish on gold, how high we think it will go in 2016, and why you should be rushing to get your own gold bullion today.
To receive your copy, simply enter your email address in the box below.
But hurry: Gold prices won't remain this low for long, and we only have a limited number of digital copies we're allowed to provide.
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000 May 26, 2016
ALERT: Legend Pierre Lassonde Just Predicted Price Of Gold To Soar Above $10,000 With the price of gold and silver pulling back and consolidating recent gains, today legendary Pierre Lassonde spoke with King World News and predicted for the first time ever that the price of gold will soar above $10,000.
James Rickards-Gold $10,000 to $50,000 per Ounce - Greg Hunter -
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