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Re: News Release - Thursday, October 15, 2009
White Gold Area, Yukon - Exploration Programs Completed
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Vancouver, BC - Silver Quest Resources Ltd. (SQI-TSX.V) (the "Company")
is pleased to announce the successful completion of this season's
exploration programs in the White Gold Area, Yukon. Surface
exploration programs were conducted on the Company's Boulevard, Sizzler
and Tak properties. Property details and locations are available on
the Company's website www.silverquest.ca.
The Boulevard property is located approximately 135 kilometres south of
Dawson City and 35 kilometres south of Underworld's Golden Saddle
discovery. Boulevard was the site of a new gold discovery (see Press
Release July 23, 2009) within a 3 kilometre long soil geochemical
anomaly investigated by Kiska Metals Corp. and Northgate Minerals Corp.
in 2008. Rock samples from previously completed trenching programs on
the Boulevard property yielded 7.04 grams per tonne (g/t) gold over 6
metres and drill testing under the trench yielded 0.9 g/t gold over 18
metres. The Company's 2009 exploration program included 176 auger
samples over three priority soil gold-arsenic-antimony geochemical
anomalies, and general property scale prospecting. The results from
this program will refine drill targets for a planned 2010 exploration
program on the Boulevard property.
The Sizzler property is located approximately 65 kilometres southeast
of Underworld's Golden Saddle discovery. Prior sampling on the Sizzler
property by Kerr-Addison Mines Ltd. in 1985 and 1986 returned maximum
rock and soil assays of 1.06 g/t gold and 0.06 g/t gold respectively.
The Company's 2009 exploration program completed 53 soil samples over
two areas contiguous to the soil grid that was completed by
Kerr-Addison in the late 80's. A more detailed exploration program
which will include
Diamond drill testing is planned for 2010.
The Tak Property is located approximately 40 kilometres southeast of
Underworld's Golden Saddle discovery, and approximately 35 kilometres
west of the Sizzler property. The claims cover the drainage basin
where previous sampling by the vendor returned 0.07 g/t gold from a
fine sieved fraction of the sample. The Company's 2009 exploration
program completed stream sediment sampling throughout the drainage
basin and in the surrounding area for the purposes of prospecting. A
total of 66 samples were taken, 27 samples from the main drainage and
39 samples in the surrounding area. A more extensive exploration
program followed by drilling is planned for 2010.
All samples have been sent to Eco Tech Laboratory in Kamloops, BC for
analyses with results to be reported upon receipt by the Company.
Randy Turner, P.Geo and Director, has reviewed and approved the content
of this press 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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