Conquest Resources has received positive surface channel sample results from the current sampling and mapping trench mining conducted at the Smith Lake gold project. The company has obtained considerable values of gold, ranging from 1 to 14.7 g/t, from the 50% of the samples gathered.
The location of this property is close to the previous Renabie gold mine, north Ontario. The company has opened a mineralized zone, including folded quartz veining over 6 m and there is increased, consistent gold mineralization.
The company dug an outcrop along with newly announced initial diamond drill programs at the quartz vein prospect location.
Conquest intersected 14.7 g/t gold over 0.69 m, 10.6 g/t gold over 1.06 m, 7.41 g/t gold over 0.49 m, 7.17 g/t gold over 1.05 m, 6.45 g/t gold over 1.06 m, and 4.57 g/t gold over 1.07 m.
Samples were gathered from a structurally controlled network of quartz veins with mineralized sulphide present in a fault formation. The lateral level of this vein system seems to be structurally controlled in a fault structure’s dilatant segment.
The company gathered seven grab samples from four sites that include ribbon textured, sulphide mineralized quartz veins. It has returned 10.0 g/t, 7.88 g/t, 6.61 g/t and 1.29 g/t of gold over 0.5 m from the four grab samples. The channel samples were intersected vertically to the folded quartz veins. Conquest has assayed the remaining 27 samples and obtained anomalous gold between 100 and 500 ppb.
Conquest has planned to recommence the drill program at the property during this winter and is examining the remaining targets found from new exploration works at the project.