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Thursday, 24th March 2005 (4605 views)

Canada's Conquest Resources has completed its winter drill programme on the King Bay property in Ontario.<br/><br/>The drilling was made up of seven holes and a total of 865 metres of diamond drilling.<br/><br/>However, drilling was limited due to deteriorating ice conditions at the site, according to CNN Matthews.<br/><br/>However two of the six previously identified areas were investigated, thought to represent the source of high-grade gold.<br/><br/>The highest value reported in the first sampling was 13.45 gm/t gold over a width of 14 centimetres. <br/><br/>Drilling showed that the site was directly associated with a considerable area of intense hydrothermal alteration which is associated with gold bearing blue-black quartz veins.<br/><br/>Conquest's president & CEO, Terence McKillen, explained: " The target mineralisation, as indicated by the three discrete boulder trains comprising over 265 boulders found on the south shore of King Bay, is high grade gold contained in blue-black quartz veins in a hydrothermally altered quartz porphyry together with pyrrhotite."<br/><br/>Additional sampling will now be carried out on the remaining intersections.<br/><br/>Conquest is currently exploring several gold projects in Ontario.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8109330"/>

 

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