Conquest Mining Limited Outstanding Drilling Results From A39 Deposit At Mt Carlton Project
12.08.2010 | ABN Newswire
09:42 AEST Aug 12, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Conquest Mining Limited (ASX: CQT) (PINK: CQMLF) is pleased to announce drilling results from the first round of extensional drilling at the A39 deposit at the Company's Mt Carlton project. Spectacular and wide zones of high-grade silver mineralisation have been returned from down-dip extensions of the A39 mineralisation.
Highlights include:
- HC10RCD935 21m @ 2,266 g/t Ag from 153m.
- HC10RCD936 30m @ 446 g/t Ag from 124m.
- HC10RCD938 14m @ 601 g/t Ag from 122m.
For the full set of results shown in Table 1, refer to the link at the bottom of release. All of the intercepts are from outside of the current A39 open pit boundary. Additional drilling is planned to test for further extensions to this high-grade silver mineralisation.
Commenting on the results, Conquest Executive Chairman, Jake Klein said:
'These are outstanding results delivered by our new exploration team - HC10RCD935 returned a 21m interval of 2,226g/t Ag, 0.10g/t Au and 1.2% Cu - in gold equivalent terms this equates to an intersection averaging 37.4g/t Au*.
These drilling results reaffirm our view that Conquest's large exploration licence area of over 2,000 km2 has the potential for further significant discoveries.'
The style of mineralisation and location relative to the A39 pit boundary are described in the following diagrams.
* Calculated Gold Equivalent grade is based on 1 gram gold = 65 grams silver = 0.5% copper.
For the complete Conquest Mining announcement including tables and figures, please refer to the link below:
http://www.abnnewswire.net/media/en/docs/63503-ASX-CQT-501299.pdf
About Conquest Mining Limited:
Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is an Australian based and listed mining company with a focus on activities in north Queensland. The company has a 100% interest in the Mt Carlton gold-silver-copper project, near Townsville, that is being advanced towards development. Optimisation studies and a review of the proposed process flowsheet are underway and a development decision is expected in the December quarter of 2010.
Conquest is a growth oriented company that has the focus and ability to deliver a growth plan to achieve mid-tier market status and to take advantage of the benefits available to a company of this status. Conquest will seek to deliver this growth through successful development of its Mt Carlton project and by acting on consolidation opportunities in the relatively fragmented and poorly funded junior market sector.
Contact:
Jake Klein
Executive Chairman
Conquest Mining Limited
Tel: +61-411-422-474
www.conquestmining.com.au
