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Conquest Further Consolidates the Temagami Mining Camp with the Acquisition of Additional 93 Square Kilometers
Drilling Continues on Golden Rose at Emerald Lake, Jamie Levy and Tom Obradovich app...
About this update from Conquest Resources Limited
[{"type":"text","content":"Conquest Further Consolidates the Temagami Mining Camp with the Acquisition of Additional 93 Square KilometersDrilling Continues on Golden Rose at Emerald Lake,Jamie Levy and Tom Obradovich appointed to Board of DirectorsToronto, Ontario--(Newsfile Corp. - November 2, 2020) - Conquest Resources Limited (TSXV: CQR) (\"Conquest\" or the \"Company\") reports that Conquest has almost doubled its land holdings in the Temagami Mining Camp located northeast of Sudbury in Northern Ontario through the staking of 588 mining cells, encompassing approximately 93 sq km., centered on Belfast Township, adjacent to the Company's recently consolidated land packages as a result of completion of the acquisition of Canadian Continental Exploration Corp.In addition to the 588 cells, four staked claims were purchased from a third party for $10,000.00 and 100,000 shares of Conquest, subject to the approval of the TSX Venture Exchange. Conquest now controls over 220 sq km of underexplored territory, including the past producing Golden Rose Mine at Emerald Lake, in the Temagami Mining Camp located northeast of Sudbury, Ontario.Belfast Township is located on the edge of the Temagami Magnetic Anomaly which is thought to be responsible for a massive hydrothermal alteration event and crustal disruption in the region. Regional geophysical surveys show large areas of magnetic and gravity signatures consistent with a large NW-SE trending structural corridor.The new project, to be known as the Belfast Project, is a culmination of many years of data gathering, geological interpretation, and field work performed by the exploration technical team of Kevin Stevens (Geophysicist), Joerg Kleinboeck (Geologist) and Tom Obradovich (Mining Executive), who have identified several potential target areas for various styles of potentially economic mineralization, including magmatic Ni-Cu-PGE, IOCG, VMS, Iron hosted Au, and Paleo-placer Au.The Board had awarded an incentive bonus to the initiators of the Belfast Project in the form of the grant of a net smelter royalty of 0.5 % on the Belfast property payable to each of Stevens, Kleinboeck and Obradovich.Airborne Geophysics ProgramA contract has been awarded to Geotech Airborne Surveys to cover the area of the Belfast Project and part of the adjacent Eaglerock Lake and Golden Rose properties with over 2100-line kilometers of...