Business
Goldcorp drills four holes on Conquest's Alexander Property at Red Lake
- NEW GOLD INTERSECTION of 14.25 G/T OVER 0.61 METRES AT A DEPTH OF 300 METRES TORONTO, May 25 /C...
About this update from Conquest Resources Limited
[{"type":"text","content":"\n\n\n\n- NEW GOLD INTERSECTION of 14.25 G/T OVER 0.61 METRES AT A DEPTH OF\n300 METRES\n\n\nTORONTO, May 25 /CNW/ - Conquest Resources Limited (TSX-V: "CQR") is\npleased to announce that Goldcorp Inc. ("Goldcorp") has recently completed\nfour diamond drill holes on to Conquest's Alexander Property at Red Lake,\nOntario.\n\n\nThe holes were drilled by Goldcorp from its adjacent Red Lake Mine\nProperty as part of a wider program to delineate mineralization within the\nupper part of the Red Lake Mine.\n\n\nThe four inclined holes, which were collared from surface within\napproximately 1,000 metres of the Red Lake Mine No. 1 Shaft headframe, were\ndrilled in a north-easterly direction into the western part of Conquest's\nproperty to downhole depths between 690 to 836 metres.\n\n\nHole DS641 of Goldcorp's drilling programme located a significant gold\nintersection of 4.97 grams per tonne gold over 1.82 metres, including 14.25\ng/t over 0.61m, at a down hole depth of 473 metres and an estimated vertical\ndepth of approximately 300 metres. The preliminary drilling results were\nprovided to Conquest by Goldcorp. The gold assay results were determined by\nSGS and Accurassay Laboratories in Red Lake and Thunder Bay, Ontario.\n\n\nConquest's Alexander Gold Project is located in Balmer Township in the\nheart of the Red Lake Gold Camp. It lies immediately adjacent to Goldcorp's\nhigh grade Red Lake Mine, within the east-southeast trending "Mine Trend"\ndeformation zone, and is almost completely surrounded by Goldcorp's claim\nholdings.\n\n\nCommenting on the drilling results, Conquest's President & CEO, Mr.\nTerence McKillen, stated: "The intersection of good grade gold at this depth\non Conquest's property is extremely encouraging. The gold mineralization\npreviously encountered by Conquest in the west-central part of the Alexander\nProperty was in trenching and shallow drilling. Goldcorp's four drill holes\nextend to approximate vertical depths of 450 - 570 metres representing the\ndeepest drilled holes on the Alexander Property to date. The intersection in\nhole DS641 confirms gold potential exists at depth on Conquest's property."\n\n\nConquest's Alexander Property at Red Lake is situated adjacent to\nGoldcorp's Red Lake and Campbell gold mines, which contain historic production\nand current r...