PRESS
RELEASE
- CONTRACT SIGNED FOR ALEXANDER DRILLING,
RED LAKE, ONTARIO
Toronto, Ontario August 19, 2009 - Conquest Resources
Limited (TSX-V: CQR) is pleased to announce that it
has selected a contractor for the first phase of a two-phase drilling programme
to be carried out at its Alexander Gold Project in Red Lake, Ontario.
Boart Longyear Canada
will carry out approximately 4,000 meters of NQ drilling in six planned
holes with work scheduled to commence in early September.
In late 2008, Goldcorp Inc. drilled four deep holes
from its adjacent Red Lake mine property onto Conquest’s 100%-owned
Alexander property resulting in the deepest gold mineralization intersection on
Conquest’s property at vertical depth of 300 metres returning 14.26 grams per tonne
gold over 0.61 metres
(previously announced May 25, 2009).
Conquest’s upcoming drill programme is designed
to test specific targets, to vertical depths of approximately 500 metres, along a
strike length of about 1,800
metres extending from the boundary with Goldcorp’s
property towards the central portion of the Alexander property.
Gold mineralization potential in this area is open at
depth across the length of the Alexander property where Conquest has identified
two types of gold mineralization characterized by replacement massive sulphides
and quartz-carbonate veining within volcanic and sedimentary lithologies.
ABOUT THE ALEXANDER PROPERTY
Conquest’s Alexander Gold Project is located in Balmer
Township
in the heart of the Red Lake Gold Camp. The Alexander Property is situated
within the Mine Trend adjacent to Goldcorp’s Red Lake and Campbell gold
mines, which contain historic production and current resources in excess of 25
million ounces of gold, and approximately 1,000 metres east of
the Red Lake No. 1 Shaft headframe and within 400 metres of the Far
East gold zone at the Red Lake Mine. Many of the regional structures that have
associated gold mineralization in the area of Goldcorp’s two producing
mines cross on to the Alexander Property.
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 Aurora and Sunday
Lake properties at Detour Lake; the King Bay Gold Project at Sturgeon Lake (60%
interest); and the Smith Lake Gold Project at Missanabie.
There are currently 72,663,830 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.
FOR FURTHER INFORMATION,
PLEASE CONTACT:
Toll free: 1(877) 280-8633
D. Brett Whitelaw, Vice-President
(604) 662-8633 -
Vancouver
Rob Kinloch, Director
(306) 343-5799 - Saskatoon
Terence N. McKillen,
President & CEO (647) 728-4126 - Toronto
John F. Kearney, Chairman
(416) 362-6686 - Toronto
info@conquestresources.net
www.conquestresources.net