Conquest Resources Ltd

Published : August 05th, 2009

Plans two-phase drill program at Alexander

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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) 728-4126Toronto  

John F. Kearney, Chairman  (416) 362-6686 - Toronto 

 

info@conquestresources.net

 

www.conquestresources.net

 

Conquest Resources Ltd

PRODUCER
CODE : CQR.V
ISIN : CA2082871021
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Conquest Res. is a gold producing company based in .

Conquest Res. holds various exploration projects in Canada.

Its main assets in production are BABS&BEEHIVE and PIPER MOSS in Zimbabwe, its main asset in development is DETOUR LAKE (SUNDAY LAKE) in Canada and its main exploration properties are SUGUTI in Tanzania and ALEXANDER, KING BAY, AURORA PROJECT and SMITH LAKE in Canada.

Conquest Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.9 millions as of today (US$ 2.3 millions, € 2.0 millions).

Its stock quote reached its highest recent level on November 21, 2003 at CA$ 0.40, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Conquest Res. has 95 477 728 shares outstanding.

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Financings of Conquest Resources Ltd
12/4/2009private placement financing of up to $4.0 million
Nominations of Conquest Resources Ltd
9/11/2012Announces Appointment of President
Project news of Conquest Resources Ltd
11/24/2009(Alexander)intersects gold in first four holes on Alexander gold proper...
8/19/2009(Alexander)Chooses contractor for Alexander drill project at Red Lake
8/5/2009(Alexander)Plans two-phase drill program at Alexander
5/26/2009(Alexander)Goldcorp drills 4.97 g/t gold over 1.82 metres on Alexander ...
Corporate news of Conquest Resources Ltd
1/19/2015Conquest Sells 50% JV Interest in Sunday Lake Property to De...
5/22/2014Conquest Reports March 31, 2014 First Quarter Results
2/11/2013Detour Gold Commences Winter Work Program at Conquest's Sund...
9/13/2011Releases Scheme Book
6/2/2011Annual Meeting of Shareholders
4/14/2011Commences Drilling from Goldcorp Red Lake Mine Property
3/7/2011Detour Gold Commences Drilling Program at Conquest's Sunday ...
2/15/2011Research Report
8/11/2010amends agreement with Detour Gold Corporation on Conquest's ...
7/18/2009( CQR : TSXV ) updates shareholders through Investment Pitch...
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