Conquest Resources Prepares to Drill First of Three Large IOCG Targets on Belfast Copper Project and Secures Uranium and Ni-Cu-PGE Exploration Properties in the Black Sturgeon Lake Area, Lake Nipigon, Ontario

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[{"type":"text","content":"Conquest Resources Prepares to Drill First of Three Large IOCG Targets on Belfast Copper Project and Secures Uranium and Ni-Cu-PGE Exploration Properties in the Black Sturgeon Lake Area, Lake Nipigon, OntarioToronto, Ontario--(Newsfile Corp. - September 29, 2021) - Conquest Resources Limited (TSXV: CQR) (\"Conquest\" or the \"Company\") has completed 17 holes into 32 geophysical targets on its Belfast-TeckMag Project located approximately 50km east of Sudbury, Ontario. Bore Hole EM surveys are currently underway on the company's VMS targets and should be completed this week. The company intends to follow up on the results from the surveys with additional drilling following the drilling of the balance of the remaining untested targets. After a scheduled break by the drill contractor, Conquest will commence drilling on the IOCG targets in mid-October. The targets have a similar gravity and magnetic signatures to the Olympic Dam deposit in Australia which produces copper, uranium, silver and gold (Figure 1). The area hosting Conquest's geophysical anomalies are geochemically anomalous with minor elements associated with IOCG deposits. Figure 1 - IOCG Target Anomalies, Belfast-TeckMag ProjectTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7183/97995_c96aeddb74f4fb3c_002full.jpgUranium and Ni-Cu-PGE Property AcquisitionConquest Resources is targeting high-grade Uranium deposits associated with veins and faults at or near the Archean-Proterozoic unconformity, and Proterozoic rift mafic intrusive Ni-Cu-Pge deposits near the unconformity south of Black Sturgeon Lake, in the Lake Nipigon Basin (LNB). In the LNB the most probable source area for uranium deposits associated with veins and faults that are proximal to the Proterozoic/Archean unconformity, is the granitoid and associated meta-sedimentary rocks of the Quetico Gneiss Belt (Figure 2). The Quetico Gneiss Belt's signature is one of anomalously high uranium background levels, as identified from Ontario Geological Survey (Scott,1987) highlighting the similarities of the Athabasca basin and the Sibley Basin geological and structural histories. Building on the Athabasca Uranium exploration and Proterozoic rift related Pge-Ni-Cu deposits exploration models, Conquest is exploring the SW Lake Nipigon region in search for economic minerals depos...

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