Detour gold COMMENCES Drilling program at CONQUEST s
sunday lake Property
Toronto, Ontario March 7, 2011 | Conquest Resources
Limited (TSX-V: 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 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:
D. Brett Whitelaw, Vice-President (604) 984 - 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