PRESS RELEASE
New
OGS REGIONAL aeromagnetic SURVEY shows four structurally favorable horizons on
conquest’s Detour lake
properties
Toronto, Ontario April 8, 2009 - Conquest Resources
Limited (TSX-V: CQR) is pleased to
report that a newly published Ontario Geological Survey (OGS) regional airborne
magnetic survey has identified four structural trends with prospectivity for
gold mineralization within Conquest’s two properties in the Detour Lake
gold camp.
On March 31, 2009, new airborne magnetometer data was
released by the OGS (Geophysical Data Set 1062). The data, part of the
Timmins Economic Development Corporation and Discover Abitibi Initiative,
provides high resolution aeromagnetic survey data for the Detour
Lake area.
Approximately 21% of the area surveyed comprises mineral claim holdings held by
Conquest at Detour
Lake.
A preliminary evaluation of the new geophysical data
suggests four structurally favorable horizons transect Conquest’s Detour
Lake properties consisting of the Aurora
and Sunday Lake
claims.
- Evaluation
of the data confirms that Conquest’s Sunday
Lake claims, which lie
immediately to the east of Detour Gold Corp’s proposed new mine, are
associated with the same deformation trend - the Sunday Lake Fault which
hosts the proposed open pit
- The
interpretation also suggests three additional deformation horizons with
potential for untested gold mineralization lie within Conquest’s Aurora
claims at Detour
Lake. The
northern-, central-, and southern- structural breaks identified in the
Lower Detour Lake Deformation Zone at Aurora are more precisely resolved
in the new airborne data set while other, second order lineations,
appearing between these breaks suggest a more complex structural
disturbance than identified in previous exploration work. These
areas of interest appear to have very similar geophysical (magnetic)
characteristics to the area known to host the Detour
Lake gold deposit.
Conquest’s Aurora
and Sunday Lake
claims at Detour Lake
total 88 square kilometers and are surrounded by Detour Gold Corp’s Detour
Lake gold development
property. The Detour Lake Deposit is currently subject of a feasibility
study on the development of a 13.2 million ounce gold open pit resource which
lies approximately 500 metres immediately to the north of Conquest’s Aurora
claims. The Detour
Lake gold camp lies within
the prolific Abitibi Greenstone Belt. The Abitibi Belt has a history of
world-class production from over 100 gold mines totaling nearly 200 million
ounces of gold in historic production and current resources.
The maps can be viewed on Conquest's
website via the following link: http://www.conquestresources.net/project_details.php?pid=2&s=m
ABOUT CONQUEST
RESOURCES
Conquest is exploring several gold projects in Ontario.
These include the Alexander gold project at Red Lake; the Aurora and Sunday
Lake gold projects at Detour Lake; the King Bay gold project at Sturgeon Lake
(60% interest); and the Smith Lake gold project at Missanabie.
There are currently 72,663,830 shares of Conquest
issued and outstanding.
This release has been prepared
under the supervision of Terence N. McKillen, P. Geo. who is a qualified person
under NI 43-101. This news release includes 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.
The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or accuracy of
this press release.
FOR FURTHER
INFORMATION, PLEASE CONTACT:
Terence N. McKillen,
President & CEO (647) 728-4126
D. Brett Whitelaw,
Vice-President (604) 662-8633
John F. Kearney,
Chairman (416) 362-6686
Email: info@conquestresources.net
www.conquestresources.net