Conquest Mining Mt Carlton Project
Perth, Feb 26, 2009 AEST (ABN Newswire) - Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is pleased to announce that recent testing of the high grade zone at V2 Hill has more than confirmed the grades, with robust intersections.
Drilling
Gold Fields commenced an 11 hole HQ3 diamond drilling program on V2 Hill in November 2008 and completed 9 holes. This drilling was undertaken to allow the Joint Venture Partner to work on and test their geological models and the mineralised structural styles/orientations. This work will assist Gold Fields apply concepts and knowledge from the Silver Hill deposit to prospects within the Regional Joint Venture area. This drilling is all infill within the Silver Hill deposit with all data to be included within the Conquest database.
All completed holes intersected ore grades, with 8 of the 9 completed holes intersecting substantial gold grades, and significant silver and copper grades over large widths.
The best of these was in hole MCR024D with 133m at 9.06 g/t gold, 88.1 g/t silver, and 2.07% copper from 60-193m depth, and included 46m at 18.8 g/t gold, 111 g/t silver, 2.89% copper. The hole was drilled north under V2 Hill and confirmed the V2 Hill high grade zone to have substantial continuity of grade.
Significantly, these drill holes have confirmed the robust and consistent nature of high grade gold stockwork mineralised zone in the centre of the deposit at V2 Hill.
Two holes were abandoned as RC pre-collars due to deflection from target. Work Programmes Conquest is now focused on progressing development studies, which are planned to include trial grade control and geotechnical drilling programs during the 2009 field season.
Joint Venture partner Gold Fields is continuing its exploration programs with field work planned to recommence after the current wet season.
Contact
John Terpu
Managing Director
TEL: +61-8-9240-4111
FAX: +61-8-9240-4054
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