Nov 12 2010
Silver Quest Resources Ltd. (TSX VENTURE:SQI) has reported assay results for diamond drill holes D-10-126 and D-10-129 recently completed on the Capoose Project located in north central British Columbia, 185 km southwest of Prince George.
The assay results confirm that precious and base metal mineralization extends at depth on the eastern side of the west arm of the Capoose Deposit. Mineralization remains open in all directions and at depth.
The current NI43-101 inferred mineral resource estimate at a 0.40 grams per tonne (g/t) gold equivalent cut-off is 53.45 million tonnes grading 0.41 g/t gold and 23.93 g/t silver for 699,000 contained ounces of gold and 41,120,000 contained ounces of silver (see news release dated March 4, 2010).
Diamond drill hole D-10-126 was designed to test the horizontal extent of mineralization on the eastern side of the west arm of the Capoose Deposit. This hole was inclined to the east and drilled to a depth of 306 m. Drill hole D-10-129 was designed to test the continuity of mineralization within the west arm of the Capoose Deposit. This hole was vertical and drilled to a depth of 265 m. Both of these holes intersected mainly rhyolitic volcanic rock containing disseminated pyrite and other sulphide minerals.
Drill core analysis and assaying is being conducted by Eco Tech Laboratory in Kamloops, British Columbia, which is an International Standard ISO 9001:2000-certified laboratory. The core samples were analyzed using a 28-element ICPMS package with a 30-gm fire assay with AA finish for over limit (plus 1.0 g/t) gold, (plus 30 g/t) silver and (plus 10,000 g/t) zinc concentrations. The Company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples is conducted in accordance with the best possible practices.
David Pawliuk, P.Geo., Vice President Exploration for Silver Quest is the Qualified Person, as defined by NI 43-101 and supervised the preparation of the technical information in this release.
Source: Silver Quest Resources Ltd.