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Silver Quest Commences Exploration on the 3Ts Project, B.C.
Published : June 08, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2011) - Silver Quest Resources (News - Market indicators) ("Silver Quest" or "the Company") is pleased to announce the commencement of 2011 exploration activities on its 3Ts Project in central British Columbia, located approximately 120 kilometres southwest of Vanderhoof. For additional information please visit the Company's website www.silverquest.ca.

The exploration program, initially budgeted at $500,000, will consist of approximately 2,000 metres of diamond drilling, geological mapping and prospecting. Prospecting and mapping will be concentrated in the eastern third of the property area which is now open and free of dense second growth trees, following a forest fire last August. The Company intends to focus drilling on the Ted Vein, Tommy Vein, Mint Vein and Ringer Zone targets.

Ted Vein

The best hole from previous drilling on the Ted Vein assayed 8.88 grams per tonne (g/t) gold and 393.6 g/t silver across 15.4 metres (true width). A National Instrument 43-101 compliant inferred resource of 273,800 tonnes grading 2.0 g/t gold and 133 g/t silver has been calculated for the upper Ted Vein, the portion of the vein above a crosscutting microdiorite sill that is about 140 metres thick. The Ted Vein remains open below the sill, where the best drill hole to date intersected 2.68 g/t gold and 152.1 g/t silver across a true width of 17.2 metres. Planned 2011 diamond drilling will test the Ted Vein structure at depth, below the crosscutting sill, and along strike to the north both above and below the sill.

Tommy Vein

A National Instrument 43-101 compliant inferred resource of 470,722 tonnes grading 7.4 g/t gold and 65.2 g/t silver has been calculated for the upper Tommy Vein, the portion of the vein above a crosscutting microdiorite sill that is about 120 metres thick. The Tommy Vein remains open below the sill, where the best hold to date intersected 8.83 g/t gold and 62.6 g/t silver across 8.07 metres (true width). Planned 2011 diamond drilling will test the Tommy Vein structure at depth, below the crosscutting sill, and along strike to the north.

Mint Vein

Previous diamond drill holes on the Mint Vein structure intersected up to 4.15 g/t gold and 45.8 g/t silver across 4.9 metres. The planned 2011 diamond drilling will test the Mint Vein structure both along strike and down dip.

Ringer Zone

Additional drilling is planned to search for the bedrock source of the Ringer Zone, a cluster of mineralized quartz-carbonate vein boulders that are up to 2 metres in maximum dimension. Eight samples from these boulders returned an average of 19 g/t gold and 140 g/t silver (see the Company's news release of September 24, 2003).

The 3Ts Project covers an epithermal quartz-carbonate vein system within which 12 individual mineralized veins, ranging from approximately 250 to 650 metres in strike length, have been identified to date. The 3Ts Project consists of five contiguous properties – the Tsacha, Tam, Taken, Tommy Lakes and a newly staked property located in the Nechako Plateau region of central British Columbia. The newly staked property is on the eastern side of the 3Ts Project, and consists of one mineral claim covering 311. Collectively, the project consists of 10 mineral claims totalling approximately 3,164 hectares.

David Pawliuk, P.Geo., Vice President Exploration for Silver Quest is the Qualified Person, as defined by National Instrument 43-101, for the 3Ts Project and supervised the preparation of the technical information in this release.

SILVER QUEST RESOURCES LTD.

Randy Turner, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Silver Quest Resources Ltd.
Investor Relations
604-687-3959
604-687-1448 (FAX)
info@silverquest.ca
www.silverquest.ca

Silver Quest Resources Ltd.

CODE : SQI.V
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Silver Quest Res. est une société d’exploration minière d'argent basée au Canada.

Silver Quest Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 128,7 millions CA$ (127,6 millions US$, 91,8 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 04 novembre 2011 à 1,28 CA$.

Silver Quest Res. possède 109 983 000 actions en circulation.

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Dans les médias de Silver Quest Resources Ltd.
21/01/2008Company Interview
Rapports annuels de Silver Quest Resources Ltd.
2008 Annual report
2007 Annual Report
Annual Report 2006
Financements de Silver Quest Resources Ltd.
21/07/2011Closes First Tranche of Private Placement for Gross Proceeds...
09/08/2010Announces $5.5 Million Private Placement
30/12/2009Closes Private Placements totaling $1.4M
18/09/2009Closes Private Placements - CORRECTION
16/09/2009Closes Private Placements totaling $1.05M
10/08/2009Announces $ 1.3 Million Private Placement
29/02/2008$2.25 Million Non-Brokered Private Placement
31/08/2007Cancellation of Private Placement
07/08/2007$1.2 Million Non-Brokered Private Placement
Attributions d'options de Silver Quest Resources Ltd.
27/02/2011GRANT OF 2.300.000 OPTIONS
05/06/2010500,000 Options Granted
12/03/20101.000.000 options granted
21/12/2009900,000 Options Granted
02/11/2009Grants 100,000 options to Grandich Publications
30/09/2009Grant of 1.000.000 stock options
24/04/2008GRANT OF 1.660.000 OPTIONS TO DIRECTORS AND EMPLOYEES
18/04/2007GRANT OF 100.000 OPTIONS TO A NEW DIRECTOR
13/01/2006GRANT OF 1.160.000 STOCK OPTIONS TO DIRECTORS AND OFFICERS
Nominations de Silver Quest Resources Ltd.
27/02/2011APPOINTMENT OF MR. LOUIS MONTPELLIER AS NEW BOARD MEMBER, G...
09/08/2010Appoints Investor Communications Manager
22/04/2010Appoints New Director
03/12/2009Announces Senior Appointments
02/11/2009Announces PR & Marketing Contract
29/09/2009 appointment of Randy Turner as President and CEO
19/04/2007Appoints New Director
Projets de Silver Quest Resources Ltd.
31/08/2011(Davidson)Approves A 75 Hole Diamond Drill Program At The Davidson Joi...
30/08/2011Exploration Update On Silver Quest's BC Programs
26/07/2011(3ts)Discovers Mineralized Vein Float On The 3Ts Project, BC
08/06/2011(3ts)Commences Exploration on the 3Ts Project, B.C.
12/05/2011(3ts)Announces Amended Terms to Tsacha Agreement, 3Ts Project, BC
10/05/2011(Davidson)Announces 23m of 9.14g/t gold and 15m of 9.30g/t gold interc...
19/04/2011(Davidson)Reports 82 metres of 3.29 g/t Gold Intercepted at Davidson P...
08/04/2011(Capoose)Reports Significant Geochemical Results from Capoose Project...
05/04/2011(Davidson)Commences Drilling on Davidson Property, BC
29/03/2011(Davidson)Executes Formal Joint Venture Agreement on Davidson Property...
29/03/2011(Boulevard)Acquires 80 Claims to Expand the Boulevard Property, Yukon
22/03/2011(Wit Yukon)Acquires WIT Gold Property, Yukon
03/03/2011(Capoose)2010 N 43-101 technical report
03/03/2011(Capoose)Files 43-101 Report on Capoose Property
21/01/2011(Prospector Mountain)Intercepts Gold Mineralization at Prospector Mountain, Yukon
06/08/2010(Capoose)Intercepts Gold And Silver At Capoose, BC
15/07/2010(Capoose)Provides Drilling Update On Capoose Project, BC
13/07/2010(Boulevard)Defines New Anomalies at Boulevard and Increases Land Positi...
16/06/2010(Boulevard)Commences Drilling At Boulevard, Yukon
15/06/2010(Capoose)Commences Drilling at Capoose Project, BC
03/06/2010(Boulevard)Begins Yukon Exploration Program
07/05/2010(Davidson)Davidson Property Drill Results
21/04/2010(Davidson)Follow-up Drilling Commenced on Davidson Property
01/04/2010(Capoose)Approves $2.2 Million for Capoose Project
04/03/2010(Capoose)Announces NI43-101 Resource Estimate for Capoose Project
24/02/2010(Davidson)Davidson Property 2010 Exploration Program Announced
16/01/2010(Capoose)intersects 24 metres of 46.7 g/t Silver at the Capoose Proje...
06/01/2010(Davidson)Drilling Update on the Davidson Property - 329 metres of 1.2...
30/11/2009(Capoose)Intersects Gold and Silver on Capoose Project, BC
17/11/2009(Boulevard)Reports Gold Values from Boulevard Project, Yukon
03/11/2009(Capoose)Samples 55.3 g/t Silver in Soil at Capoose-Silver Trend, BC
29/10/2009(Davidson)Partners Intersect Gold and Silver on the Davidson Property,...
27/10/2009(Capoose)Earns 60% in Capoose Property
14/10/2009(Capoose)Drilling Completed on Capoose-Silver Trend Property
01/10/2009(Davidson)Drilling Update on Davidson Property
21/09/2009(Capoose)Drill Program Commences on the Capoose-Silver Trend Project
16/09/2009(Boulevard)Exploration Update on the Yukon Projects
05/08/2009(Capoose)Drill Permitting on Capoose-Silver Trend Project
24/07/2009(Boulevard)Acquires the Boulevard Property, Yukon
12/12/2008(Capoose)New Drill Results from the Capoose-Silver Trend Project
01/08/2008(Capoose)Expands Capoose-Silver Trend Property
14/06/2008(Santa Rosa - Mexico)Santa Rosa Project and Capoose-Silver Trend Project
03/06/2008(Santa Rosa - Mexico)Phase 2 Drill Program Commences on Santa Rosa Property, Mexi...
04/07/2007(Santa Rosa - Mexico)Santa Rosa Update and Results of the AGM
Communiqués de Presse de Silver Quest Resources Ltd.
16/12/2011Shareholders of Silver Quest Resources Ltd. Approve Plan of ...
19/09/2011(Davidson)Announces Updated Gold Resource Estimate at Davidson Propert...
12/09/2011Continues to Explore the White Gold District, Yukon
09/08/2011(Davidson)Intersects 278 Metres of 2.8 Grams per Tonne Gold at Davidso...
11/07/2011Provides Update on Yukon Exploration Programs
06/07/2011Provides Update on BC Exploration Programs
27/06/2011(Davidson)Announces 4.0 Metres Averaging 165.4 g/t Au in Step-Out dri...
04/08/2010Defines New Soil Anomalies At Prospector Mountain, Yukon
30/07/2010Expands Mineralization On Capoose Project, BC
01/04/2010Getting Ready For Its Biggest Year! - by Peter Grandich
30/03/2010Acquires Chuchi North Gold Property, BC
20/01/2010Provides Technical Summary of Prospector Mountain Property, ...
18/12/2009Acquires Strategic Claims in the Dawson Range, Yukon
15/12/2009Acquires the Prospector Mountain Property, Dawson Range, Yuk...
04/11/2009Superb Management and Strong Projects Potential
15/10/2009White Gold Area, Yukon - Exploration Programs Completed
23/09/2009Warrant Extension
21/08/2009Acquires Additional Properties In The White Gold Area, Yukon
08/07/2009Acquires Properties in the White Gold Area, Yukon
25/07/2008AGM Results & Property Option Cancelled
05/04/2008 Closes $2.5 Million Financing
20/09/2007Plans Drill Program at Santa Rosa Silver-Lead Property, Mexi...
17/08/2007Compliance
21/02/20073Ts Drill Update - Ted Vein Results
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