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Drill Permitting on Capoose-Silver Trend Project
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Silver Quest Resources Ltd. (the "Company") is pleased to report on
exploration activities on the Capoose-Silver Trend project and the
Davidson project, both located approximately 185 kilometres
west-southwest of Prince George, British Columbia.
On the Capoose-Silver Trend property, the Company has recently
submitted drill permits to government agencies for a 1,500 metre
Diamond drill program proposed for early September. The proposed
program will follow-up last year's successful drill program that was
highlighted by hole D-91 which returned a 240.0 metre intercept
averaging 0.76 g/t (0.02 opt) gold, and 45.4 g/t (1.32 opt) silver.
Included in this intercept were two upper zones of higher grade silver
mineralization, including an 18.0 metre intercept from 3.7 to 21.7
metres averaging 0.59 g/t (0.02 opt) gold and 157.5 g/t (4.59 opt)
silver; and a 34.0 metre intercept from 45.7 to 77.7 metres averaging
0.96 g/t (0.03 opt) gold and 81.8 g/t (2.39 opt) silver. These zones
were followed by a gold mineralized intercept over 114.0 metres from
111.7 to 225.7 metres averaging 1.0 g/t (0.03 opt) gold and 34.3 g/t
(1.00 opt) silver.
Hole D-91 was drilled on the west flank of Zone 1 and, at 326.0 metres
depth, was the deepest hole and the best hole drilled to date on the
Capoose-Silver Trend property. Note that all of the intersections are
drill-hole intercepts, and may not represent true widths. The
mineralization is disseminated in character, and the mineralized zones
have gradational boundaries. Most of the core samples are 2 metres in
length.
The program for the fall 2009 will expand on the D-91 mineralization
along strike to the north and south, to investigate anomalous gold
geochemical values returned on the south-west flank of Zone 1 (1.16 g/t
(0.03 opt) gold in soils), and follow-up the gold intercept returned in
hole D-91 (39.9 metres from the collar, averaging 1.14 g/t (0.03 opt)
gold and 4.5 g/t (0.13 opt) silver) at the south end of Zone 2.
The Company has also mobilized a geochemical sampling crew to complete
a limited program to further investigate and define the numerous
anomalies from last year's extensive sampling program. These results
will be received prior to the fall drill program.
Previous geochemical analysis of the soils and the drill core was
conducted by Alex Stewart - Eco Tech Laboratory in Kamloops, B.C.,
which is an International Standard ISO 9001:2000-certified laboratory.
The samples were analyzed using a 35-element ICPMS package. The Company
has implemented a quality assurance and control program to ensure that
sampling and analysis of all samples is conducted in accordance with
the best possible practices. Robert Weicker, P.Geo., is the qualified
person, as defined by National Instrument 43-101, for the
Capoose-Silver Trend project and supervised the preparation of the
technical information in this release.
The Company's Davidson Property was optioned to Richfield Ventures
Corp. ("Richfield") whereby Richfield can earn a 75% interest over 4
years. Richfield has received the drill permit from the Ministry of
Energy, Mines and Petroleum Resources and have initiated drilling.
Their reported planned program consists of 15
Diamond drill holes
totaling 2,550 metres. The first two holes are vertical, to 300 metre
depth, and located within the central part of the Gold Zone. These
holes are designed to test continuity of gold mineralization at depth.
SILVER QUEST RESOURCES LTD.
"Robert Weicker"
Robert Weicker, President
For further information please contact Investor Relations at
604-687-3959 or info@silverquest.ca The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of the contents of this news release.
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Copyright (c) 2009 SILVER QUEST RESOURCES LTD. (SQI) All rights
reserved. For more information visit our website at
http://www.silverquest.ca/ or send mailto:info@silverquest.ca
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