PRESS RELEASE
Drilling AT THE alexander
gold property, RED LAKE, ONTARIO
APPOINTMENT OF EXPLORATION
MANAGER
Toronto, Ontario August 04, 2009 - Conquest Resources
Limited (TSX-V: CQR) is pleased to
announce that it has issued calls for tender for drilling and will commence the
first phase of a two-phase drilling programme at its Alexander Gold Project in
Red Lake, Ontario in early September.
Phase-I of the
planned program will comprise about 4,000 meters of drilling in six holes
designed to test targets extending from the Goldcorp Inc. Red Lake Mine
boundary area, defined by recent drilling, through the central portion of the
Alexander property based on a recently completed detailed property compilation
incorporating airborne geophysical data newly acquired from Goldcorp.
In late 2008,
Goldcorp drilled four deep holes from their adjacent mine property onto
Conquest’s 100%-owned Alexander property. Hole DS641 from this programme
intersected the deepest gold mineralization on Conquest’s property at
vertical depth of 300 metres returning 14.26 grams per tonne gold over 0.61
metres. Similar sedimentary host rocks intersected in drilling by Conquest in
2004 were found to contain layered massive sulphide horizons approximately 400
metres to the east of the Goldcorp intersection. Gold mineralization potential
in this area is open at depth across the length of the Alexander property.
Conquest has
identified two types of gold mineralization on the Alexander property
characterized by replacement massive sulphides and quartz-carbonate veining
within volcanic and sedimentary lithologies. The proposed drilling is planned
to test some of these target horizons over a strike length of about 1,800
metres and to vertical depths of approximately 500 metres in the western and
south central portions of the Alexander property.
NEW APPOINTMENT
Conquest is pleased to announce the recent appointment
of Benjamin Batson, B.Sc. as Exploration Manager. Ben is a graduate in Geological
Engineering from Queen’s University, Ontario.
He has explored throughout Canada
in VMS, mesothermal, porphyry, and structurally-hosted gold deposit types. He
was previously Project Geologist for Murgor Resources Inc. and Exploration
Geologist for Roca Mines Inc.
QUALIFIED PERSON
Information of a scientific or technical nature
contained in this release has been prepared by or under the supervision of
Terence N. McKillen, P.Geo., the Chief Executive Officer of the Corporation and
a Qualified Person within the meaning of National Instrument 43-101 of the
Canadian Securities Administrators.
ABOUT THE COMPANY
Conquest is exploring several gold projects in Ontario.
These include the Alexander Gold Project at Red Lake; the Aurora and Sunday
Lake properties 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 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 Conquests 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:
Toll Free: 1(877) 280-8633
D. Brett Whitelaw, Vice-President (604) 662-8633 - 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