PRESS RELEASE
- Detour gold completes soil sampling program at
sunday lake PROPERTY
- Drill program planned for January 2011
Toronto,
Ontario ? October [27], 2010 | Conquest Resources Limited (TSX-V: ?CQR?) is pleased to report that Detour
Gold Corporation (?Detour Gold?) has completed an MMI (Mobile Metal Ion) soil
sampling program on Conquest?s Sunday Lake Gold Project, located 7 kilometers
east of Detour Gold?s open pit gold development project in the northern Abitibi
Greenstone Belt.
Conquest
recently entered into a joint venture with Detour Gold on Conquest?s Sunday
Lake Property (consisting of 13 square kilometers of prospective mineral leases
located along the Sunday Lake Deformation Zone pursuant to which Detour Gold
has the right to earn a 50% interest in the Sunday Lake Property) by completing
$1,000,000 on exploration over the next two years, including a minimum
expenditure of $500,000 prior to September 30, 2011. Conquest also holds
100,000 shares of Detour Gold Corporation.
A total
of 552 samples were collected by Detour Gold during the soil sampling program,
designed to assist in the prioritization of drill targets for the upcoming
winter drill season. Geochemical results from the survey are expected in
November 2010.
Conquest
anticipates Detour Gold will commence a drill program on the Sunday Lake
Property in January, 2011.
ABOUT THE COMPANY
Conquest
also continues to explore with its ongoing 8,000 metre deep drilling program at
its 100% owned Alexander Gold Project in the heart of the Red Lake gold camp.
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.
There
are currently 86,838,637 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