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Re: News Release - Wednesday, October 14, 2009
Drilling Completed on Capoose-Silver Trend Property
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Vancouver, BC - Silver Quest Resources Ltd. (SQI-TSX.V) (the
"Company") is pleased to report that a 13 hole (1,692m)
Diamond drill
program has been completed on the Capoose-Silver Trend project, located
approximately 185 kilometres by road, west-southwest of Prince George,
British Columbia (see www.silverquest.ca for property details and
location).
The Capoose-Silver Trend property covers three zones of disseminated
silver and gold mineralization and a 4.5 kilometre long geochemical
anomaly. Historical resources on Zones 1 and 2 (previously reported by
Pan American Silver Corp. dated April 17, 2000 on SEDAR) are stated to
be 32.66 million ounces of silver and 308,500 ounces of gold
(consisting of 28.22 million tonnes averaging 36.0 grams per tonne
(g/t) silver and 0.34 g/t gold).
This historical resource estimate completed by Pan American Silver
Corp. was not compiled within the definitions and standards outlined in
National Instrument 43-101. As the Company has not completed an updated
resource estimation, it cautions that the historical resource estimate
cannot be relied upon.
The recently completed drill program was designed to test multiple
targets including the southern extensions of both Zone 1 and Zone 2. The
program also tested for expansion of the mineralized zone intersected
in hole D-91 which, during the 2008 drill program, returned 240.0 metres
averaging 45.4 g/t silver and 0.76 g/t gold. Included in this intercept
were two upper zones of higher grade silver mineralization, including an
18.0 metre intercept averaging 157.50 g/t silver and 0.59 g/t gold and a
34.0 metre intercept averaging 81.8 g/t silver and 0.96 g/t gold. Other
targets included the eastern down-dip projection of hole D-89, also
drilled during 2008, which returned 10.4 metres averaging 80.40 g/t
silver and 1.89 g/t gold from a depth of 19.0 metres. Drill core from
all 13 drill holes is currently being logged and sent to Eco Tech
Laboratory in Kamloops, BC for analyses. Results will be reported upon
receipt of the data.
David Pawliuk, P.Geo. is the qualified person, as defined by National
Instrument 43-101, for the current drill program on the Capoose-Silver
Trend Property and supervised the preparation of the technical
information in this release.
SILVER QUEST RESOURCES LTD.
"Randy Turner"
Randy Turner, 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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