Conquest Resources Limited: Drilling Commences at King Bay Gold Project, Sturgeon Lake.TORONTO -- Conquest Resources Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CQR CQR Secure CQR Count Question Resolution (census) CQR Coastal Quick Release (anchor) CQR Congressional Quarterly Researcher CQR Charge of Quarters Runner CQR Client Qualification Register ) is pleased to report that a drill has been mobilized on to its King Bay Gold Project at Sturgeon Lake, northwestern Ontario and that drilling has commenced. The first phase of drilling will comprise approximately 1,500 metres in 6-10 shallow holes, depending upon ice conditions at King Bay. Drilling is planned to test up to six discrete targets outlined by detailed magnetic surveys completed last winter which are believed to reflect the bedrock source of high grade gold boulders located on the south shore of King Bay. The high grade gold values were recorded in blue-black quartz boulders in three distinct "trains" with the highest value of 521.1 gm/t gold (15.2 opt). The average grade of boulders sampled from the Central train is 18.2 gm/t gold (0.53 opt) while the Eastern train averages 18.9 gm/t gold (0.55 opt) and the Western train averages 5.14 gm/t gold (0.15 opt). Significantly anomalous gold values also occur within the surrounding soils with values up to 32.9 gm/t gold (0.96 opt). The gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. occurs in free form and is fine grained. It is associated with pyrite and pyrrhotite mineralization and occurs in veins associated with quartz feldspar feldspar (fĕl`spär, fĕld`–) or felspar (fĕl`spär), an abundant group of rock-forming minerals which constitute 60% of the earth's crust. porphyries of the North Arm plutonic plu·ton·ic adj. Of deep igneous or magmatic origin: plutonic rocks. [From Latin Pl suite. ABOUT CONQUEST Conquest is exploring several gold projects in Ontario. These include the Alexander gold project at Red Lake, the King Bay gold project at Sturgeon Lake, the Smith Lake gold project at Missanabie, and the Aurora, Sunday Lake and Nash Creek gold projects at Detour Lake. At Aurora, located immediately south of the former Detour Gold Mine, Conquest has been advised by joint venture partner, Tradewinds Ventures Inc. (TSXV: TWD TWD In currencies, this is the abbreviation for the Taiwan Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), that a winter diamond drill programme has commenced in late January comprising an initial 2,000metres in 8 planned drill holes. The purpose of the winter drill programme is to further evaluate the geometry and style of gold mineralization occurring within the GB Gold Zone and untested geophysical and geochemical anomalies outlined from last summer'sMMI soil geochemical programme. Cash and short-term investments at December 31, 2004 amounted to approximately $1.6 million. There are currently 59,971,677 shares of Conquest issued and outstanding. WARNING: The Company relies upon litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for "forward-looking" statements. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Conquest Resources Limited (TSX VENTURE:CQR) |
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