Silver Quest Commences Exploration on the 3Ts Project, B.C.
Published : June 08, 2011
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Keywords :   Diamond | Gold | Growth | Market | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2011) - Silver Quest Resources (News - Market indicators) ("Silver Quest" or "the Company") is pleased to announce the commencement of 2011 exploration activities on its 3Ts Project in central British Columbia, located approximately 120 kilometres southwest of Vanderhoof. For additional information please visit the Company's website www.silverquest.ca.

The exploration program, initially budgeted at $500,000, will consist of approximately 2,000 metres of Diamond drilling, geological mapping and prospecting. Prospecting and mapping will be concentrated in the eastern third of the property area which is now open and free of dense second growth trees, following a forest fire last August. The Company intends to focus drilling on the Ted Vein, Tommy Vein, Mint Vein and Ringer Zone targets.

Ted Vein

The best hole from previous drilling on the Ted Vein assayed 8.88 grams per tonne (g/t) gold and 393.6 g/t silver across 15.4 metres (true width). A National Instrument 43-101 compliant inferred resource of 273,800 tonnes grading 2.0 g/t gold and 133 g/t silver has been calculated for the upper Ted Vein, the portion of the vein above a crosscutting microdiorite sill that is about 140 metres thick. The Ted Vein remains open below the sill, where the best drill hole to date intersected 2.68 g/t gold and 152.1 g/t silver across a true width of 17.2 metres. Planned 2011 Diamond drilling will test the Ted Vein structure at depth, below the crosscutting sill, and along strike to the north both above and below the sill.

Tommy Vein

A National Instrument 43-101 compliant inferred resource of 470,722 tonnes grading 7.4 g/t gold and 65.2 g/t silver has been calculated for the upper Tommy Vein, the portion of the vein above a crosscutting microdiorite sill that is about 120 metres thick. The Tommy Vein remains open below the sill, where the best hold to date intersected 8.83 g/t gold and 62.6 g/t silver across 8.07 metres (true width). Planned 2011 Diamond drilling will test the Tommy Vein structure at depth, below the crosscutting sill, and along strike to the north.

Mint Vein

Previous Diamond drill holes on the Mint Vein structure intersected up to 4.15 g/t gold and 45.8 g/t silver across 4.9 metres. The planned 2011 Diamond drilling will test the Mint Vein structure both along strike and down dip.

Ringer Zone

Additional drilling is planned to search for the bedrock source of the Ringer Zone, a cluster of mineralized quartz-carbonate vein boulders that are up to 2 metres in maximum dimension. Eight samples from these boulders returned an average of 19 g/t gold and 140 g/t silver (see the Company's news release of September 24, 2003).

The 3Ts Project covers an epithermal quartz-carbonate vein system within which 12 individual mineralized veins, ranging from approximately 250 to 650 metres in strike length, have been identified to date. The 3Ts Project consists of five contiguous properties – the Tsacha, Tam, Taken, Tommy Lakes and a newly staked property located in the Nechako Plateau region of central British Columbia. The newly staked property is on the eastern side of the 3Ts Project, and consists of one mineral claim covering 311. Collectively, the project consists of 10 mineral claims totalling approximately 3,164 hectares.

David Pawliuk, P.Geo., Vice President Exploration for Silver Quest is the Qualified Person, as defined by National Instrument 43-101, for the 3Ts Project and supervised the preparation of the technical information in this release.

SILVER QUEST RESOURCES LTD.

Randy Turner, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Silver Quest Resources Ltd.
Investor Relations
604-687-3959
604-687-1448 (FAX)
info@silverquest.ca
www.silverquest.ca

Silver Quest Resources Ltd.

CODE : SQI.V
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Silver Quest Res. is a silver exploration company based in Canada.

Silver Quest Res. is listed in Canada. Its market capitalisation is CA$ 128.7 millions as of today (US$ 127.6 millions, € 91.8 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.02, and its highest recent level on November 04, 2011 at CA$ 1.28.

Silver Quest Res. has 109 983 000 shares outstanding.

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In the News and Medias of Silver Quest Resources Ltd.
1/21/2008Company Interview
Annual reports of Silver Quest Resources Ltd.
2008 Annual report
2007 Annual Report
Annual Report 2006
Financings of Silver Quest Resources Ltd.
7/21/2011Closes First Tranche of Private Placement for Gross Proceeds...
8/9/2010Announces $5.5 Million Private Placement
12/30/2009Closes Private Placements totaling $1.4M
9/18/2009Closes Private Placements - CORRECTION
9/16/2009Closes Private Placements totaling $1.05M
8/10/2009Announces $ 1.3 Million Private Placement
2/29/2008$2.25 Million Non-Brokered Private Placement
8/31/2007Cancellation of Private Placement
8/7/2007$1.2 Million Non-Brokered Private Placement
Option Grants of Silver Quest Resources Ltd.
2/27/2011GRANT OF 2.300.000 OPTIONS
6/5/2010500,000 Options Granted
3/12/20101.000.000 options granted
12/21/2009900,000 Options Granted
11/2/2009Grants 100,000 options to Grandich Publications
9/30/2009Grant of 1.000.000 stock options
4/24/2008GRANT OF 1.660.000 OPTIONS TO DIRECTORS AND EMPLOYEES
4/18/2007GRANT OF 100.000 OPTIONS TO A NEW DIRECTOR
1/13/2006GRANT OF 1.160.000 STOCK OPTIONS TO DIRECTORS AND OFFICERS
Nominations of Silver Quest Resources Ltd.
2/27/2011APPOINTMENT OF MR. LOUIS MONTPELLIER AS NEW BOARD MEMBER, G...
8/9/2010Appoints Investor Communications Manager
4/22/2010Appoints New Director
12/3/2009Announces Senior Appointments
11/2/2009Announces PR & Marketing Contract
9/29/2009 appointment of Randy Turner as President and CEO
4/19/2007Appoints New Director
Project news of Silver Quest Resources Ltd.
8/31/2011(Davidson)Approves A 75 Hole Diamond Drill Program At The Davidson Joi...
8/30/2011Exploration Update On Silver Quest's BC Programs
7/26/2011(3ts)Discovers Mineralized Vein Float On The 3Ts Project, BC
6/8/2011(3ts)Commences Exploration on the 3Ts Project, B.C.
5/12/2011(3ts)Announces Amended Terms to Tsacha Agreement, 3Ts Project, BC
5/10/2011(Davidson)Announces 23m of 9.14g/t gold and 15m of 9.30g/t gold interc...
4/19/2011(Davidson)Reports 82 metres of 3.29 g/t Gold Intercepted at Davidson P...
4/8/2011(Capoose)Reports Significant Geochemical Results from Capoose Project...
4/5/2011(Davidson)Commences Drilling on Davidson Property, BC
3/29/2011(Davidson)Executes Formal Joint Venture Agreement on Davidson Property...
3/29/2011(Boulevard)Acquires 80 Claims to Expand the Boulevard Property, Yukon
3/22/2011(Wit Yukon)Acquires WIT Gold Property, Yukon
3/3/2011(Capoose)2010 N 43-101 technical report
3/3/2011(Capoose)Files 43-101 Report on Capoose Property
1/21/2011(Prospector Mountain)Intercepts Gold Mineralization at Prospector Mountain, Yukon
8/6/2010(Capoose)Intercepts Gold And Silver At Capoose, BC
7/15/2010(Capoose)Provides Drilling Update On Capoose Project, BC
7/13/2010(Boulevard)Defines New Anomalies at Boulevard and Increases Land Positi...
6/16/2010(Boulevard)Commences Drilling At Boulevard, Yukon
6/15/2010(Capoose)Commences Drilling at Capoose Project, BC
6/3/2010(Boulevard)Begins Yukon Exploration Program
5/7/2010(Davidson)Davidson Property Drill Results
4/21/2010(Davidson)Follow-up Drilling Commenced on Davidson Property
4/1/2010(Capoose)Approves $2.2 Million for Capoose Project
3/4/2010(Capoose)Announces NI43-101 Resource Estimate for Capoose Project
2/24/2010(Davidson)Davidson Property 2010 Exploration Program Announced
1/16/2010(Capoose)intersects 24 metres of 46.7 g/t Silver at the Capoose Proje...
1/6/2010(Davidson)Drilling Update on the Davidson Property - 329 metres of 1.2...
11/30/2009(Capoose)Intersects Gold and Silver on Capoose Project, BC
11/17/2009(Boulevard)Reports Gold Values from Boulevard Project, Yukon
11/3/2009(Capoose)Samples 55.3 g/t Silver in Soil at Capoose-Silver Trend, BC
10/29/2009(Davidson)Partners Intersect Gold and Silver on the Davidson Property,...
10/27/2009(Capoose)Earns 60% in Capoose Property
10/14/2009(Capoose)Drilling Completed on Capoose-Silver Trend Property
10/1/2009(Davidson)Drilling Update on Davidson Property
9/21/2009(Capoose)Drill Program Commences on the Capoose-Silver Trend Project
9/16/2009(Boulevard)Exploration Update on the Yukon Projects
8/5/2009(Capoose)Drill Permitting on Capoose-Silver Trend Project
7/24/2009(Boulevard)Acquires the Boulevard Property, Yukon
12/12/2008(Capoose)New Drill Results from the Capoose-Silver Trend Project
8/1/2008(Capoose)Expands Capoose-Silver Trend Property
6/14/2008(Santa Rosa - Mexico)Santa Rosa Project and Capoose-Silver Trend Project
6/3/2008(Santa Rosa - Mexico)Phase 2 Drill Program Commences on Santa Rosa Property, Mexi...
7/4/2007(Santa Rosa - Mexico)Santa Rosa Update and Results of the AGM
Corporate news of Silver Quest Resources Ltd.
12/16/2011Shareholders of Silver Quest Resources Ltd. Approve Plan of ...
9/19/2011(Davidson)Announces Updated Gold Resource Estimate at Davidson Propert...
9/12/2011Continues to Explore the White Gold District, Yukon
8/9/2011(Davidson)Intersects 278 Metres of 2.8 Grams per Tonne Gold at Davidso...
7/11/2011Provides Update on Yukon Exploration Programs
7/6/2011Provides Update on BC Exploration Programs
6/27/2011(Davidson)Announces 4.0 Metres Averaging 165.4 g/t Au in Step-Out dri...
8/4/2010Defines New Soil Anomalies At Prospector Mountain, Yukon
7/30/2010Expands Mineralization On Capoose Project, BC
4/1/2010Getting Ready For Its Biggest Year! - by Peter Grandich
3/30/2010Acquires Chuchi North Gold Property, BC
1/20/2010Provides Technical Summary of Prospector Mountain Property, ...
12/18/2009Acquires Strategic Claims in the Dawson Range, Yukon
12/15/2009Acquires the Prospector Mountain Property, Dawson Range, Yuk...
11/4/2009Superb Management and Strong Projects Potential
10/15/2009White Gold Area, Yukon - Exploration Programs Completed
9/23/2009Warrant Extension
8/21/2009Acquires Additional Properties In The White Gold Area, Yukon
7/8/2009Acquires Properties in the White Gold Area, Yukon
7/25/2008AGM Results & Property Option Cancelled
4/5/2008 Closes $2.5 Million Financing
9/20/2007Plans Drill Program at Santa Rosa Silver-Lead Property, Mexi...
8/17/2007Compliance
2/21/20073Ts Drill Update - Ted Vein Results
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