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Conquest Reports Results of First Two Exploration Holes 11.20 g/t Au over 1.0 Meter Intersected at Golden Rose
Drilling and Airborne Surveys Resume After Holidays Toronto, Ontario--(Newsfile Corp. - Janua...
About this update from Conquest Resources Limited
[{"type":"text","content":"Conquest Reports Results of First Two Exploration Holes 11.20 g/t Au over 1.0 Meter Intersected at Golden RoseDrilling and Airborne Surveys Resume After HolidaysToronto, Ontario--(Newsfile Corp. - January 11, 2021) - Conquest Resources Inc. (TSXV: CQR) (\"Conquest\" or the \"Company\") is pleased to provide results of the first two exploration holes, and an update on its Phase 1 Drill Program at its 100% owned Golden Rose Project, located northeast of Sudbury, Ontario. Six diamond drill holes totaling 2,886 meters have been completed to date. Drilling resumed on January 4th, 2021, a minimum of four additional drill holes are planned on the Golden Rose Property. The airborne Geotech VTEM Max electromagnetic survey over the Belfast Project resumes today, after a scheduled shut-down over the holidays.GOLDEN ROSE PROJECTAssay results have been received for drill holes GRW20-01 and GR20-01, the first two holes drilled on Golden Rose. GRW20-01 was collared approximately 1 km west of the past-producing Golden Rose Mine on claims acquired with the recent acquisition of Canadian Continental and was drilled to a depth of 1,181.60m. The drill hole tested a deep magnetic target that was interpreted to be the down-faulted extension of the iron formation that hosts the Golden Rose Mine. The drill hole intersected numerous intervals of iron formation from 633.13 m through to 1181.60 m. Anomalous to significant gold mineralization was intersected in this exploration drill hole, which ranged from 0.20 g/t over 1 m, to 2.90 g/t Au over 0.80 m (see table below). The drill hole was terminated due to difficulties with the drilling. Drill hole GR20-01, located on the historical Golden Rose Mine site, was drilled to a depth of 227.00 m and tested a target located 25 m above mineralization intersected in historical drill hole GR11-43. Multiple zones of gold mineralization were intersected in the drill hole, with a highlight of 11.20 g/t Au over 1.0 m being intersected within a broad zone of mineralization that returned 2.15 g/t Au over 11.10 m (see table below).Drill holes GR20-02 and GR20-03 targeted areas below the historical mine workings to test for the continuity of mineralization down-dip, while drill hole GR20-04 was drilled approximately 30 m east of the limit of historical drilling and underground workings and tested for mineralization along t...