CA Market News
6日前
Conquest Resources Reports Results of Annual and Special Meeting of ShareholdersJune 12, 2026 5:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - June 12, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") reports that it held its Annual and Special Meeting of Shareholders on Thursday, June 11, 2026 at which all resolutions were approved and passed.ELECTION OF DIRECTORSAll of the nominees for election as director, John F. Kearney, Jamie Levy, Terence McKillen, Tom Obradovich and Peter Palframan, were elected to serve until the next meeting of shareholders.The voting results were as follows:DirectorVotes For% of Votes ForVotes WithheldJohn F. Kearney24,770,14274.88%8,308,600Jamie Levy22,492,45567.99%10,586,287Terence McKillen24,769,85574.88%8,308,887Tom Obradovich23,051,34269.69%10,027,400Peter Palframan25,328,74276.57%7,750,000 RE-APPOINTMENT OF AUDITORShareholders approved the re-appointment of Simone & Company as the Company's auditor for the current ?scal year. The directors were authorized to ?x the remuneration of the auditor. The resolution was approved with 33,078,455 votes (99.9%) in favour and 287 votes (0.001%) withheld.APPROVAL OF THE COMPANY'S STOCK OPTION PLANShareholders rati?ed the Company's Stock Option Plan. The resolution was approved with 32,867,970 votes (99.36%) in favour and 210,772 votes (0.63%) against.ABOUT CONQUESTConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario and Finland.Conquest recently acquired the Valimaki Gold Project in southwestern Finland, a district-scale gold exploration property with extensive historical exploration and drilling. Valimaki is situated within the Svecofennian geological domain between two major regional shear zones and hosts orogenic-style gold mineralization associated with quartz veining and arsenopyrite-bearing amphibolite-grade volcanic, sedimentary, and intrusive rocks.Conquest has completed a high-resolution drone magnetic survey on the Valimaki Project and is currently geologically mapping the property in detail to establish drill targets. Targets will be drilled upon receipt of permits.Conquest holds a 100% interest in the Belfast-Teck Mag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.The Belfast-Teck Mag Project, evolved from the Golden Rose Project, which was initially acquired in December 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Property and TeckMag Property.Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.In addition, the Company holds interests in the Smith Lake Gold Property near Missinaibi, Ontario, and the King Bay Gold Property at Sturgeon Lake, in northwestern Ontario, and Lake Nipigon Basin Property.FOR FURTHER INFORMATION CONTACT:general@conquestresources.com
Tom Obradovich
President & Chief Executive
416-985-7140www.ConquestResources.com Forward-looking statements: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations, plans, exploration activities, proposed expenditures, potential mineralization, and the timing and content of upcoming work programs. Forward-looking information can often be identi?ed by words such as "anticipates", "believes", "expects", "intends", "plans", "estimates", "may", "will", "should", and similar expressions suggesting future outcomes or events. These statements are based on current expectations and assumptions that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such statements. Such risks include but are not limited to: exploration results not being indicative of future results; variations in mineral grade or recovery rates; delays or failures in obtaining necessary permits; changes in commodity prices, capital market conditions, and general economic conditions. Although the Company believes the assumptions and expectations re?ected in such forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise forward-looking information, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is de?ned in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301376 Original: Conquest Resources Reports Results of Annual and Special Meeting of Shareholders
CA Market News
1月前
Conquest Resources Provides Exploration Update at the Valimaki Gold Project, FinlandMay 19, 2026 7:01 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 19, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to provide an update on its spring 2026 exploration program at the Valimaki Gold Project in southwestern Finland. The field program comprised high-resolution UAV magnetics, geological mapping, legacy drill core review, glacial till sampling and prospecting, with the objective of refining priority exploration targets for future follow-up and drill testing.The field program was designed to improve the Company's understanding of property-scale structures, lithological contacts, alteration and potential controls on gold mineralization across the Valimaki project area. Results from the 2026 program will be integrated with historic gold-rich boulder occurrences, previous drilling, legacy geochemical datasets, UAV magnetic survey products and forthcoming analytical results from till and rock samples dispatched for analysis.HighlightsThe UAV magnetic survey is now complete across both planned blocks. The first block covered approximately 78 km² at 100 m line spacing, with approximately 956 line-km flown including tie lines. The second and final UAV magnetic survey block, covering the southwest portion of the survey area, was flown in May 2026.Legacy drill core review was undertaken at the Loppi National Drill Core Archive in Finland.Geological mapping covered priority areas of the project, with interpretation of results ongoing.The glacial till sampling grid comprised 795 field samples plus 58 QA/QC samples, for a total of 853 samples across regional and priority target areas.Prospecting and rock sampling returned 128 rock samples, which have been shipped for analysis.UAV Magnetic SurveyThe high-resolution UAV magnetic survey was flown in two blocks. The first survey block covered approximately 78 km² at 100 m line spacing with northwest-southeast oriented flight lines, with a mean flight height of approximately 42 m above ground level. Approximately 956 line-km were flown over the first block, including tie lines. The second and final block, covering the approximately 10 km² southwest portion of the survey area, was flown in May 2026. Preliminary processing of the first block has produced total magnetic intensity and derivative grids, including reduced-to-pole magnetic intensity, vertical derivatives, horizontal gradient, total gradient and tilt gradient products. Final processing, integration and interpretation of the full UAV magnetic dataset are underway.Figure 1. Reduced-to-pole UAV magnetic total field map for the initial 78 km² survey block at the Valimaki Gold Project, shown with GTK layman rock samples classified by Au assay.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7183/297760_b012de4234419bda_001full.jpgDrill Core Review and Geological MappingThe legacy drill core review documented multiple styles of quartz-sulphide veining hosted within biotite and hornblende-biotite gneisses. Observations include quartz-dominant blue quartz-garnet-feldspar veins with coarse biotite selvages, local pink garnet, and sulphide assemblages dominated by pyrrhotite and arsenopyrite with lesser pyrite and chalcopyrite. Figure 2. Historic drill core from DDH R309 at 21.9 m depth, showing massive pyrrhotite-arsenopyrite-chalcopyrite vein and hosted in hornblende-biotite gneiss. The interval occurs within a broader mineralized zone containing pyrrhotite-arsenopyrite-chalcopyrite stringers and quartz-biotite-pyrrhotite veins with pink garnet. The interval at 21.9m reportedly returned 13.9 g/t Au over 1m. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7183/297760_b012de4234419bda_002full.jpgGeological mapping covered priority areas of the project, with interpretation ongoing. Mapping observations are being assessed together with the UAV magnetic survey products, glacial till geochemistry, historic gold-rich boulder occurrences, recent prospecting observations and previous drilling to refine structural and lithological targets.Preliminary interpretation of the UAV magnetic data and geological mapping has outlined favourable structural settings for follow-up, including northeast-trending shear corridors, magnetic contrasts, fold closures and possible fold-shear intersections. The Company is prioritizing areas where these structural features coincide with historic gold-rich boulder trains, glacial till anomalies, prospective magnetic features and field observations of quartz veining, silicification, alteration and sulphide-bearing mineralisation, including locally sheeted quartz veining observed near a magnetically interpreted fold closure.Glacial Till Sampling and ProspectingThe glacial till sampling program is now concluded. The till grid comprised 795 field samples plus 58 QA/QC samples, for a total of 853 samples across regional and priority target areas. The program included regional coverage and tighter-spaced sampling across priority areas associated with historic gold-rich boulder occurrences, previous drilling and existing till anomalies. Till samples have been dispatched for analysis.Prospecting and rock sampling are now concluded, with 128 rock samples taken and dispatched for analysis. Prospecting focused on prospective areas defined by historic high-grade gold boulder samples, glacial till geochemistry, geological mapping and recent magnetic interpretations. Prospecting identified additional mineralized boulders in areas with historic gold-rich boulder occurrences and newly recognized prospective target areas. Visual observations include quartz-sulphide veining, locally sheeted quartz veins, silicified rocks with disseminated sulphides, crack-seal quartz veining with fine-grained sulphides, brecciated quartz-vein boulders with arsenopyrite and pyrite, and biotite-rich selvages locally associated with pink garnet-bearing quartz veins. The presence of multiple quartz-sulphide vein styles, sulphide-bearing boulders and comparable mineralization textures to that seen in legacy drill core suggests the potential for a broad, structurally controlled mineralised system.Qualified PersonThe technical information in this news release has been reviewed and approved by Joerg Kleinboeck P. Geo., [Name], P.Geo., a Qualified Person as defined by National Instrument 43-101. Historical assay results referenced herein were completed by previous operators or government agencies and have not yet been independently verified by the Company. The Company considers the historical information to be relevant for exploration targeting, but it should not be relied upon as a current mineral resource or reserve.ABOUT CONQUEST RESOURCES LIMITEDConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario and Finland.Conquest recently acquired the Valimaki Gold Project in southwestern Finland, a district-scale gold exploration property with extensive historical exploration and drilling. Valimaki is situated within the Svecofennian geological domain between two major regional shear zones and hosts orogenic-style gold mineralization associated with quartz veining and arsenopyrite-bearing amphibolite-grade volcanic, sedimentary, and intrusive rocks.Conquest has completed a high-resolution drone magnetic survey on the Valimaki Project and is currently geologically mapping the property in detail to establish drill targets. Targets will be drilled upon receipt of permits.Conquest holds a 100% interest in the Belfast-TeckMag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.The Belfast-TeckMag Project is the Company's flagship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Property and TeckMag Property.Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.In addition, the Company holds interests in the Smith Lake Gold Property near Missinaibi, Ontario, and the King Bay Gold Property at Sturgeon Lake, in northwestern Ontario, and Lake Nipigon Basin Property.For further information please contact:Tom Obradovich
President and Chief Executive Officer
Conquest Resources Limited
Tel: +1-416-985-7140
www.conquestresources.com Forward-looking statements: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations, plans, exploration activities, proposed expenditures, potential mineralization, receipt and interpretation of analytical results, and the timing and content of upcoming work programs. Forward-looking information can often be identified by words such as "anticipates", "believes", "expects", "intends", "plans", "estimates", "may", "will", "should", and similar expressions suggesting future outcomes or events. These statements are based on current expectations and assumptions that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such statements. Such risks include but are not limited to: exploration results not being indicative of future results; variations in mineral grade or recovery rates; delays in receiving or interpreting analytical results; delays or failures in obtaining necessary permits; changes in commodity prices, capital market conditions, and general economic conditions. Although the Company believes the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise forward-looking information, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297760 Original: Conquest Resources Provides Exploration Update at the Valimaki Gold Project, Finland
CA Market News
2月前
Conquest Resources Announces Adoption of Semi-Annual ReportingApril 27, 2026 5:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 27, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announces that it has elected to adopt semi-annual financial reporting relying on Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order").The Company will file interim financial statements and related management's discussion and analysis on a semi-annual basis rather than quarterly.The first interim period for which the Company will rely on the Blanket Order is the three-month period ending March 31, 2026, for which the Company will not file interim financial statements or MD&A. The first semi-annual reporting period will be the six-month period ending June 30, 2026. The Company intends to continue filing on a semi-annual basis.The Company believes that adopting semi-annual reporting will reduce the administrative and financial burden associated with quarterly reporting and is consistent with the objective of the Blanket Order to provide reporting flexibility for venture issuers. The Company expects that the reduced reporting requirements will allow management to devote additional time and financial resources toward advancing the Company's exploration and development activities and other business objectives.ABOUT CONQUESTConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario and Finland.Conquest recently acquired the Valimaki Gold Project in southwestern Finland, a district-scale gold exploration property with extensive historical exploration and drilling. Valimaki is situated within the Svecofennian geological domain between two major regional shear zones and hosts orogenic-style gold mineralization associated with quartz veining and arsenopyrite-bearing amphibolite-grade volcanic, sedimentary, and intrusive rocks.Conquest has completed a high-resolution drone magnetic survey on the Valimaki Project and is currently geologically mapping the property in detail to establish drill targets. Targets will be drilled upon receipt of permits. Conquest holds a 100% interest in the Belfast-Teck Mag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.The Belfast-Teck Mag Project evolved from the Golden Rose Project, which was initially acquired in December 2017, and signi?cantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases. Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.In addition, the Company holds interests in the Smith Lake Gold Property near Missinaibi, Ontario, and the King Bay Gold Property at Sturgeon Lake, in northwestern Ontario.Conquest has 154,477,106 shares outstanding.FOR FURTHER INFORMATION CONTACT:general@conquestresources.com
www.ConquestResources.comTom Obradovich
President & Chief Executive Officer
416-985-7140Cautionary Statement Regarding Forward-Looking InformationCertain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identi?ed by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but re?ect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information re?ect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest MD&A ?led on April 24, 2026, which is available under the Company's SEDAR+ pro?le at www.sedarplus.ca and in other ?lings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is de?ned in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294415
Original: Conquest Resources Announces Adoption of Semi-Annual Reporting
CA Market News
2月前
Conquest Resources Announces Grant of Stock OptionsApril 24, 2026 5:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 24, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announces that on April 21, 2026, the Board of Directors granted a total of 4,100,000 stock options to certain directors, officers, management, employees and service providers pursuant to the Company's stock option plan.The stock options are exercisable at a price of $0.065 per common share and will expire on April 21, 2031, being five years from the date of grant. The options will vest quarterly over a two-year period from the date of grant, in accordance with the terms of the Company's stock option plan and the policies of the TSX Venture Exchange.The grant of options remains subject to the approval of the TSX Venture Exchange.ABOUT CONQUESTConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring base metals and gold on mineral properties in Ontario and Finland.VALIMAKI PROJECT Conquest holds a 100% interest the Valimaki Project is located to the east of Pori, a regional industrial city, in southwestern Finland. The Project area has excellent infrastructure and can be accessed year-round.The project is located within the Svencofennian geologic domain within supracrustal rocks that are located between two major structural features; to the southwest, the Kynsikangas Shear Zone, and to the northeast, the Kankaanpää Shear Zone. Both major structures trend NW-SE while stratigraphy and fold axes between the structures trend northeast. Gold mineralization is hosted in amphibolitegrade sedimentary, volcanic, and intrusive rocks, with a strong association with arsenopyrite and quartz veining. Au is also associated with Sb-Te-Bi-W-Ag, which is typical of orogenic gold deposits.Gold was originally found in the 1950s by Outukumpu Oy who explored the area intermittently during the 1950s and 1980s. Geologian Tutkimuskeskus ("GTK") conducted multiple exploration programs during the 1980s to 2010s, which included till geochemistry, heavy mineral concentrates, magnetics, and a total of approx. 2,800 meters of diamond drilling. Best intersects include 4.3 meters at 7.2 g/t (GTK Report 75/2016 - Ore potential of the Kullaa zone, Saarijärvi and Kultakallio Au mineralizations) and 7 meters at 3.9 g/t Au (R309, GTK report M06/1143/2006/10/1 - Research Report on ore exploration in the Municipality of Kullaa, In the Authority of Valimaki, Mining Register No. 7101/1).Many of the auriferous boulders were discovered by local prospectors and analyzed through GTK's Citizen's Sampling Program (GTK Mineral Deposit Report Valimaki https://tupa.gtk.fi/karttasovellus/mdae/raportti/450_V%C3%A4lim%C3%A4ki.pdf), where local prospectors can send samples to GTK for analysis and receive a reward if they lead to a new exploration target.FOR FURTHER INFORMATION CONTACT:
general@conquestresources.com
www.ConquestResources.com
Tom Obradovich
President & Chief Executive Officer 416-985-7140Cautionary Statement Regarding Forward-Looking InformationCertain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identi?ed by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but re?ect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information re?ect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest MD&A filed on April 24, 2026, which is available under the Company's SEDAR+ pro?le at www.sedarplus.ca and in other ?lings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is de?ned in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294188
Original: Conquest Resources Announces Grant of Stock Options
CA Market News
3月前
Conquest Resources Initiates 2026 Exploration Program at the Valimaki Gold Project, FinlandMarch 10, 2026 7:05 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 10, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce the initiation of its 2026 exploration program at the Valimaki Gold Project in southwestern Finland. The program is designed to systematically advance the project through high-resolution geophysics, geological mapping, prospecting, and glacial till sampling with the objective of refining exploration targets and advancing the project toward drill testing.Program HighlightsHigh-resolution UAV magnetic survey covering approximately 86 km²Geological mapping across prospective areas of the projectProspecting and rock sampling across prioritized target areasRegional and detailed glacial till sampling programThe exploration program will begin with a high-resolution UAV magnetic survey designed to improve the understanding of the structures and lithological contacts of the project area. The survey will cover approximately 86 km².Following completion of the airborne survey, the Company plans to undertake geological mapping across a 15 kilometer trend defined by an extensive train of gold-rich boulders. Within the boulder train, historic sampling has produced >150 boulders with assays greater than 1 g/t Au, with assays as high as 60 g/t Au. Mapping will focus on defining lithological contacts, structural controls, and alteration which may be associated with gold mineralization. Additionally, drill core will be reviewed from the Finnish national drill core archive to gain a better understanding of the known mineralization within the Valimaki project area. Prospecting and rock sampling will be conducted across prioritized target areas based on historic high grade Au boulder samples, glacial till geochemistry anomalies and any additional prospective areas identified during the geologic mapping.The exploration program will also include a regional glacial till sampling campaign with tighter sample spacing across areas associated with historic gold rich boulder occurrences, previous drilling, and till anomalies.The UAV magnetic survey will take place during mid-to-late March. Subsequent geological mapping, prospecting, and glacial till sampling programs will be conducted during April and May 2026. Qualified PersonThe technical content of this news release has been reviewed and approved by Joerg Kleinboeck P. Geo., a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Joerg Kleinboeck has verified the technical data disclosed in this release, and consents to its publication.ABOUT CONQUESTConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.Conquest holds a 100% interest in the Belfast-Teck Mag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.The Belfast-Teck Mag Project is the Company's ?agship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and signi?cantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Property and Teck Mag Property.Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.In addition, the Company holds interests in the Smith Lake Gold Property.FOR FURTHER INFORMATION CONTACT:general@conquestresources.com
www.ConquestResources.com Tom Obradovich
President & Chief Executive Officer
Tel: (416) 985-7140Cautionary Statement Regarding Forward-Looking InformationCertain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form filed on March 21, 2025, which is available under the Company's SEDAR+ profile at www.sedarplus.ca and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287831
Original: Conquest Resources Initiates 2026 Exploration Program at the Valimaki Gold Project, Finland
CA Market News
4月前
Conquest Resources Closes Final Tranche of Non-Brokered Private Placement Financing Upsized Financing up to $415,000February 19, 2026 5:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - February 19, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce that it has closed the final tranche of its previously announced $300,000 non-brokered financing and, due to a high level of interest, the anticipated size of the financing is being increased to $415,000 by issuing 8,300,000 shares at a price of $0.05 per Share for gross proceeds of $415,000 (the "Financing").The gross proceeds from the Financing will be used for the Company's Belfast-Teck Mag Project in Ontario, and for working capital and general corporate purposes.In connection with the Financing, the Company has paid an aggregate of $9,000 in cash ?nder's fees to an arms' length party representing 6% of the gross proceeds of the Shares that were sold to subscribers introduced by such partyInsider Participation This private placement by an Insider, who is a 'Related Party' within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions of the Canadian Securities Administrators (the "Instrument") constitutes a 'related party transaction' under the Instrument. The transaction is exempt from the formal valuation and minority shareholder approval requirements of the Instrument by virtue of s. 5.5(c) – distribution of securities for cash; and 5.7(b) – fair market value of not more than $2,500,000, respectively.The Company is relying on the exemptions from the formal valuation requirement under section 5.5(b) of MI 61-101 and the minority shareholder approval requirement under section 5.7(a) of MI 61-101, as the fair market value of the Shares to be issued to the related party does not exceed 25% of the Company's market capitalization.No new control person will be created because of this Private Placement.The Financings are subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. There can be no assurance that the Financings will be completed, whether in whole or in part, and will be subject to a hold period of four months and one day from the closing date of the FT Financings in accordance with applicable securities laws.ABOUT CONQUESTConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring base metals and gold on mineral properties in Ontario.Conquest holds a 100% interest in the Belfast-Teck Mag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.The Belfast-Teck Mag Project is the Company's ?agship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and signi?cantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Property and Teck Mag Property.Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.In addition, the Company holds interests in the Smith Lake Gold Property.FOR FURTHER INFORMATION CONTACT:
general@conquestresources.com
www.ConquestResources.com
Tom Obradovich
President & Chief Executive Officer 416-985-7140Cautionary Statement Regarding Forward-Looking InformationCertain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identi?ed by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but re?ect current expectations regarding future results or events. This press release contains forward-looking statements. These forward-looking statements and information re?ect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form ?led on March 21, 2025, which is available under the Company's SEDAR+ pro?le at www.sedarplus.ca and in other ?lings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is de?ned in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284583
Original: Conquest Resources Closes Final Tranche of Non-Brokered Private Placement Financing Upsized Financing up to $415,000
CA Market News
4月前
Conquest Resources Announces Entering into a Share Purchase Agreement to Acquire the Valimaki Gold Project in FinlandFebruary 18, 2026 12:03 PM
NewsfileToronto, Ontario--(Newsfile Corp. - February 18, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce that, further to its press release of December 3, 2025, it has entered into an arm's length share purchase agreement (the "Agreement") dated February 17, 2026, with Carrigel Ltd. ("Carrigel") and 1478078 B.C. Ltd. (the "Vendor") to complete the acquisition
(the "Acquisition") of 100% of the outstanding shares of Carrigel, a private company incorporated in Ireland, which owns a 100% interest in the Valimaki Gold project located in Finland (the "Project").As consideration for the Acquisition, the Company has agreed to:(a) issue an aggregate of 5,000,000 common shares in the capital of the Company
(the "Consideration Shares") to the Vendor on the closing of the Acquisition (the "Closing Date"); (b) pay to the Vendor an aggregate of $35,000 on the Closing Date; and(c) enter into a royalty agreement (the "Royalty Agreement") dated February 17, 2026, with Carrigel and the Vendor to grant a 2% net smelter royalty on the Project to the Vendor (the "Royalty"). Pursuant to the terms of the Royalty Agreement, Carrigel has the option to purchase 1% of the Royalty (reducing the Royalty to 1%) for $3,000,000.In addition, upon receipt by the Company of the first approval, right or entitlement to commence drilling at the Project, the Company will issue to the Vendor a further 5,000,000 Consideration Shares.All securities issued pursuant to the Acquisition will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Acquisition is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.ABOUT THE PROJECTThe Project is located to the east of Pori, a regional industrial city, in southwestern Finland. The Project area has excellent infrastructure and can be accessed year-round.The Project is located within the Svencofennian geologic domain within supracrustal rocks that are located between two major structural features; to the southwest, the Kynsikangas Shear Zone, and to the northeast, the Kankaanpää Shear Zone. Both major structures trend NW-SE while stratigraphy and fold axes between the structures trend northeast. Gold mineralization is hosted in amphibolitegrade sedimentary, volcanic, and intrusive rocks, with a strong association with arsenopyrite and quartz veining. Au is also associated with Sb-Te-Bi-W-Ag, which is typical of orogenic gold deposits.Gold was originally found in the 1950s by Outukumpu Oy who explored the area intermittently during the 1950s and 1980s. Geologian Tutkimuskeskus (GTK) conducted multiple exploration programs during the 1980s to 2010s which included till geochemistry, heavy mineral concentrates, magnetics, and a total of ~2,800 meters of diamond drilling. Best intersects include 4.3 meters at 7.2 g/t (GTK Report 75/2016 - Ore potential of the Kullaa zone, Saarijärvi and Kultakallio Au mineralizations) and 7 meters at 3.9 g/t Au (R309, GTK report M06/1143/2006/10/1 - Research Report on ore exploration in the Municipality of Kullaa, In the Authority of Valimaki, Mining Register No. 7101/1).Many of the auriferous boulders were discovered by local prospectors and analyzed through GTK's Citizen's Sampling Program (GTK Mineral Deposit Report Valimaki https://tupa.gtk.fi/karttasovellus/mdae/raportti/450_V%C3%A4lim%C3%A4ki.pdf where local prospectors can send samples to GTK for analysis and receive a reward if they lead to a new exploration target.Exploration PlanConquest plans to undertake exploration activities in the spring to define drill targets within the Valimaki Project area. Activities will include geologic mapping, prospecting, drone magnetics, and an induced polarization survey.Qualified PersonThe technical content of this news release has been reviewed and approved by Joerg Kleinboeck P. Geo., a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Joerg Kleinboeck has verified the technical data disclosed in this release, and consents to its publication.ABOUT CONQUESTConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.Conquest holds a 100% interest in the Belfast-TeckMag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.The Belfast-TeckMag Project is the Company's ?agship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and signi?cantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Property and TeckMag Property.Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.In addition, the Company holds interests in the Smith Lake Gold Property.FOR FURTHER INFORMATION CONTACT:general@conquestresources.com
www.ConquestResources.com Tom Obradovich
President & Chief Executive Officer
Tel: (416) 985-7140Cautionary Statement Regarding Forward-Looking InformationCertain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form filed on March 21, 2025, which is available under the Company's SEDAR+ profile at www.sedarplus.ca and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284337
Original: Conquest Resources Announces Entering into a Share Purchase Agreement to Acquire the Valimaki Gold Project in Finland
CA Market News
4月前
Conquest Resources Closes Non-Brokered Private Placement FinancingFebruary 3, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - February 3, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement, by issuing 6,000,000 flow-through shares as defined in the Income Tax Act (Canada) ("FT Shares") at a price of $0.075 per FT Share on a charity flow-through basis for gross proceeds of $450,000 (the "FT Financing"). The gross proceeds from the FT Financing will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) related to the Company's Belfast-Teck Mag Project in Ontario. For any subscriber who is an individual in Ontario for the purposes of the Taxation Act (Ontario), or a partnership whose members are such individuals, the expenditures incurred by the Company from the FT Financing will also qualify as "eligible Ontario exploration expenditures" within the meaning of the Taxation Act (Ontario). The FT Shares will be subject to a hold period of four months and one day from the closing date of the FT Financing in accordance with applicable securities laws.In connection with the Financings, the Company has paid an aggregate of $9,000 in cash finder's fees to an arms' length party representing 6% of the gross proceeds of the FT Shares that were sold to subscribers introduced by such party.The Financings are subject to final acceptance of the TSX Venture Exchange.ABOUT CONQUESTConquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.Conquest holds a 100% interest in the Belfast-Teck Mag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.The Belfast-Teck Mag Project is the Company's ?agship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and signi?cantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Property and Teck Mag Property.Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.In addition, the Company holds interests in the Smith Lake Gold Property.FOR FURTHER INFORMATION CONTACT:
general@conquestresources.com
www.ConquestResources.com Tom Obradovich
President & Chief Executive Officer
416-985-7140Cautionary Statement Regarding Forward-Looking InformationCertain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form filed on March 21, 2025, which is available under the Company's SEDAR+ profile at www.sedarplus.ca and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282546
Original: Conquest Resources Closes Non-Brokered Private Placement Financing
NYBob
6年前
The Sudbury Basin: Ontario’s trillion dollar mining camp
Last month, I had the pleasure of participating in the 16th Annual
Sudbury Mining Week -
It was appropriate to celebrate Mining Week in Canada, and especially
in Sudbury –
one of the most prolific mining camps in the world. In Canada,
mining contributes $40 billion dollars or 5 per cent of
Canada’s GDP every year and pays $4.7 billion in corporate taxes
alone.
This industry directly employs 370,000 Canadians and
is the largest private sector employer of Aboriginals.
Canada remains the leading source of new capital for
the global mining industry accounting for 36 per cent
of the $53 billion raised in 2007 or net $19 billion.
As a mining engineer who has spent his career in Africa,
the United Sates and Latin America, I can confirm that there
are few places in the world where mining is embraced and
supported as it is in Sudbury.
However, even in Sudbury, it is important that the mining industry
support events such as Mining Week to communicate with local
communities and, perhaps, persuade some young people to consider this
industry as a future career choice.
The Sudbury area is a 1.85 billion year old meteorite impact crater
and the first mineral discoveries were made here in 1883.
Let me give you a few numbers about;
Sudbury which may
surprise even local residents.
The total ore mined to date in Sudbury is
approximately 1.7 billion tonnes with
40 billion pounds of nickel,
36 billion pounds of copper,
70 million ounces of platinum, palladium and
gold and 283 million ounces of silver recovered.
At today’s commodity prices, total historic production
and current known reserves in Sudbury represent a
one trillion dollar value.
The community is the richest mining district in
North America and among the top ten most important
globally.
Sudbury accounts for about half the mining activity in Ontario,
Canada’s largest mineral producing province.
The value of Ontario’s mining sector is about
$10 billion annually (2007 figures).
I think these numbers give you some idea of what an
incredible mining area Sudbury is and the impact
it has had on the wealth, not only of the City of
Greater Sudbury, but of Ontario and Canada.
In addition to exploration for gold at
The Golden Rose Gold Mine project site,
Click on image and find The Golden Rose Gold Mine - with shallow mining
I see it as virgin -
Conquest said two other styles of economic mineral deposits have
been identified
within the enlarged Sudbury land package....
Golden Rose Mine- Contains a reserve
2.4 million tonnes at 0.26 ounces of gold a tonne that
contains 619,000 ounces of gold.
10/5/20160 Comments
https://www.ontarioexplorations101.com/temagami-ontario-mines/golden-rose-mine-owned-by-temagami-gold-inc-contains-a-reserve-24-million-tonnes-at-026-ounces-of-a-tonne-that-contains-619000-ounces-of-gold
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website
http://www.conquestresources.net
Mining Companies Flock To Stake Claims
In Red Lake After Recent Gold Strikes In That Area
Conquest's Alexander Property comprises 27 patented claims
acres adjoining
Goldcorp's Red Lake mine.
Published: July 28, 2020 at 8:32 a.m. ET
https://www.marketwatch.com/press-release/mining-companies-flock-to-stake-claims-in-red-lake-after-recent-gold-strikes-in-that-area-2020-07-28-81973250
Alexander Gold Project
Red Lake, Ontario
is claimed by Goldcorp to be
the richest gold mine in the world
The Alexander Property is situated within 2 kilometres of more than
28 million ounces of gold from past production and current resources
and within 400 metres of Goldcorp’s Far East Zone gold discovery.
The Alexander Property is of ample size to accommodate a high-grade
gold deposit at depth as repetition of the adjacent deposits at
Goldcorp’s Red Lake gold mine.
The stratigraphy under the property remains essentially untested
below 700 metres depth.
The richest gold bearing ore zones exist below a vertical depth of
1,300 metres in the High Grade Zone at
the Goldcorp Red Lake gold mine which is less
than 800 metres from the property boundary.
Conquest's target on the Alexander claims is an extension,
or repetition, of the mineralization at the Red Lake mine.
The Red Lake mine is claimed by Goldcorp to be
the richest gold mine in the world with
approximately 28,000,000 ounces of historic
production and current reserves.
https://www.conquestresources.com/project/alexander-gold/
Location and Property Description
Conquest's Alexander Property comprises 27 patented claims
covering 448 hectares (1,107 acres) adjoining
Goldcorp's Red Lake mine.
Conquest’s land is situated just beyond the security gate at
Goldcorp’s Red Lake gold mine and is almost completely
surrounded by Goldcorp's Red Lake mine property.
The Alexander claim holdings are patented and do not
require any annual minimum expenditures, other than
nominal property taxes.
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)
48,024 views •Jul 30, 2020
https://www.youtube.com/watch?v=TnOcRRJHTmk
The chart attached is a forecast for gold based upon that technique.
The data suggests that this current rally could easily surpass
$2000 per ounce, and is most likely to reach $2100 or higher
by the conclusion of this rally.
Gold & Silver bulls starting to break out > ^ > ^ > ^
https://www.youtube.com/watch?time_continue=3&v=RDZQoQ61RrY&feature=emb_logo
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
6年前
RE:The Sudbury Basin: Ontario’s trillion dollar mining camp L
Conquest Closes Over
Subscribed $3,110,000
Subscription Receipt
Financing and $1,300,000
Strategic Investment by
Kirkland Lake Gold
V.CQR, T.KL | 1 hour ago
Toronto, Ontario--(Newsfile Corp. - September 16, 2020) -
Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce that it has closed its previously announced non-brokered subscription receipt financing to raise gross proceeds of $3,110,000 (the "Non-Brokered Financing"), and a separate concurrent subscription receipt financing with Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) to raise gross proceeds of $1,300,000 (the "KL Financing").
John Kearney, Chairman of Conquest stated, "We are very pleased with the strong interest in our financings and, in particular, we welcome Kirkland Lake as a strategic shareholder. We look forward to completing the acquisition of Canadian Continental Exploration Corp., following which the enlarged Conquest will own a unique and very prospective portfolio of exploration properties in some of the most well-known mining camps in Ontario. Conquest will be well capitalized with over $5 million in cash and we look forward to beginning our drill program in October."
Kirkland Lake Strategic Investment
In connection with the KL Financing, Conquest has issued 10,000,000 subscription receipts (the "KL Subscription Receipts") to Kirkland Lake Gold Ltd. ("Kirkland Lake") at a price of $0.13 each to raise gross receipts of $1,300,000. Each KL Subscription Receipt entitles the holder to acquire one unit of Conquest (a "KL Unit"), for no additional consideration. Each KL Unit consists of one common share of Conquest (as it exists after giving effect to the previously announced 2.5 for one consolidation of the issued and outstanding Conquest shares (the "Consolidation")) and one quarter of one share purchase warrant of Conquest. Each full share purchase warrant (a "Warrant") is exercisable at $0.18 for a period of two years following the completion of Conquest's previously announced acquisition (the "Acquisition") of Canadian Continental Exploration Corp. ("CCEC"). See Conquest News Releases July 16, 2020, August 7, 2020, and August 27, 2020.
The gross proceeds of the KL Financing have been deposited in escrow (the "KL Escrowed Funds"). The KL Subscription Receipts will automatically convert into KL Units and the KL Escrowed Funds will be released to Conquest upon completion of the Acquisition and Consolidation (the "Escrow Release Conditions"). In the event that the Escrow Release Conditions are not satisfied by November 30, 2020, the KL Escrowed Funds will be returned to KL and the KL Subscription Receipts will be cancelled.
In connection with the KL Financing, Conquest has granted Kirkland Lake certain investor rights, so long as Kirkland Lake holds at least 5% of the outstanding shares of Conquest, including the right to nominate one director to the board of Conquest, the pre-emptive right to participate pro-rata in any future financings by the Company, and a condition that the Company will not encumber any of its properties with any new third party royalty agreements without the prior written approval of Kirkland Lake, such consent not to be unreasonably withheld.
$3,110,000 Non-Brokered Financing
In connection with the Non-Brokered Financing, Conquest has issued 21,105,266 subscription receipts at a price of $0.12 each (the "Non-Brokered HD Subscription Receipts"), for gross proceeds of $2,532,631 and 3,880,004 subscription receipts at a price of $0.15 each (the "Non-Brokered FT Subscription Receipts"), for gross proceeds of $582,000. Each Non-Brokered HD Subscription Receipt entitles the holder to acquire one unit of Conquest (a "Non-Brokered Unit"), for no additional consideration. Each Non-Brokered Unit consists of one share of Conquest (as it exists following the Consolidation) and one-half of one Warrant. Each Non-Brokered FT Subscription Receipt entitles the holder to acquire one flow-through share (an "FT Share") of Conquest (as it exists after giving effect to the Consolidation, for no additional consideration.
An insider of Conquest subscribed for 200,000 Non-Brokered FT Subscription Receipts for gross proceeds of $30,000.
The gross proceeds of the Non-Brokered Financing have been deposited in escrow (the "Non-Brokered Escrowed Funds"). The Non-Brokered HD Subscription Receipts will automatically convert into Non-Brokered Units, the Non-Brokered FT Subscription Receipts will automatically convert into FT Shares and the Non-Brokered Escrowed Funds will be released to Conquest upon the satisfaction of the Escrow Release Conditions. In the event that the Escrow Release Conditions are not satisfied by November 30, 2020, the Non-Brokered Escrowed Funds will be returned to the subscribers for Non-Brokered HD Subscription Receipts and Non-Brokered FT Subscription Receipts (collectively, the "Non-Brokered Subscription Receipts") and the Non-Brokered Subscription Receipts will be cancelled.
Upon completion of the Acquisition and conversion of the KL Subscription Receipts into KL Units (the "Escrow Deadline") and Non-Brokered Subscription Receipts into Non-Brokered Units and FT Shares, Kirkland Lake will hold approximately 8% of Conquest's then outstanding shares, and 9.6% of Conquest's shares on a partially diluted basis, assuming no further issuances of securities by Conquest prior to such date.
All securities issued and issuable in connection with the KL Financing and the Non-Brokered Financing are subject to a hold period of four months and one day from the closing date of such financings, expiring on January 9, 2021 and January 16, 2021, respectively.
Finders fees in the total amount of $145,000 cash will be paid to certain arms-length parties for assisting in the Non-Brokered Financing.
PowerOne Capital Markets Limited acted as finder in connection with a portion of the Non-Brokered Financing and has been appointed to act as a financial advisor to Conquest to provide ongoing financial advisory and consulting services. Conquest has agreed to grant PowerOne 750,000 stock options under the Company's stock option plan, each exercisable at a price of $0.13 to acquire one share of Conquest (after giving effect to the Consolidation), for a period of two years, subject to completion of the Acquisition. PowerOne, an Exempt Market Dealer, is a long-term investor focused on providing early stage capital and advisory services to emerging growth companies.
Acquisition of Canadian Continental Exploration Corp.
Subject to final acceptance of the TSXV, the Acquisition is expected to close immediately following a special meeting of shareholders of CCEC, scheduled to be held on September 23, 2020.
Pursuant to the Acquisition, Conquest will issue 40,306,667 shares of Conquest (after giving effect to the Consolidation) to the shareholders of CCEC, on the basis of one share for each share of CCEC held. Conquest will also issue 2,900,000 options (the "Replacement Options"), under the Company's stock option plan in replacement of existing options currently outstanding in CCEC. Each Replacement Option will be exercisable at $0.15 to acquire one share of Conquest (after giving effect to the Consolidation) and expire in September 2021.
CCEC holds an extensive package of mining claims and has approximately $900,000 in a combination of cash and marketable securities. See Conquest News Releases July 16, August 7, and August 27, 2020.
Upon completion of the Acquisition, and release of the KL Escrow Funds and Non-Brokered Escrowed Funds to Conquest, Conquest is expected to have a total of approximately $5,200,000 in available funds to pursue its planned drilling and exploration activities, of which approximately $800,000 will be flow through funds.
Final acceptance of the Acquisition by the TSXV is subject fulfilling the requirements of the TSXV.
Canadian ContinentalProperties
The CCEC land package consists of almost 10,000 hectares of underexplored mining lands in Northern Ontario, which the Company believes are highly prospective for precious and base metals. The land package includes the Teckmag1 and Eaglerock claims, which immediately surround Conquest's Golden Rose Property, situated in Afton and Scholes townships at Emerald Lake approximately 65 km northeast of Sudbury, Ontario. When combined with the Company's current land holdings, Conquest will control over 130 square kilometers making it one of the largest land holders in the Temagami Mining Camp area.
Conquest's Golden Rose Property
Conquest's Golden Rose Property encompasses patented and staked mining claims measuring 770 hectares in size that encompass the former Golden Rose gold mine and highly prospective North and South banded iron formations at Emerald Lake. The Golden Rose gold mine (which is currently flooded) consists of more than six kilometres of underground workings, as well as a three (3) compartment, 228-metre-deep shaft, and a modern decline ramp from surface to the 6th level of the mine. An inclined winze connects the 6th and 7th levels to the 5th level of the mine.
It is reported that between 1935 and 1941, mining operations at the Golden Rose gold mine by Consolidated Mining and Smelting Company of Canada, Limited (Cominco) produced 46,000 ounces of gold from structurally controlled, shallow to steeply dipping, high-grade quartz-pyrite veins, hosted almost exclusively in an east-west trending Banded Iron Formation (BIF). The property largely lay dormant from 1941 to 1982, when exploration resumed.
Diamond drilling of the mine sequence stratigraphy in 1984 intersected numerous high-grade gold intercepts. This drill campaign led to reopening and mine development by Noramco between 1986-87 which included widening of the mine adit and portal down to the 600-foot level. Minor gold production of approximately 7,000 oz. was reported.
Further, surface drilling between 1984-2011 by a previous operator identified mineralization lying adjacent to known underground development. It was reported by the previous operator that diamond drilling between 2009-2011 intersected gold grades as high as 155.7 grams of gold per tonne over 1.82 metres. However, the potential quantity and grade is conceptual in nature and Conquest has not undertaken sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.
Share Consolidation
At the annual and special meeting of shareholders held on August 31, 2020, Conquest shareholders approved the Consolidation.
It is intended that Articles of Amendment in prescribed form will be filed with the Director under the Business Corporations Act (Ontario) (the "OBCA") immediately prior to completion of the Acquisition and such Articles of Amendment will become effective upon the issuance by the Director under the OBCA of a Certificate of Amendment. See Conquest News Release August 31, 2020.
The TSXV has conditionally approved the Consolidation subject to the Company fulfilling all the conditions of the TSXV in respect of the Consolidation.
ABOUT CONQUEST
Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for gold on mineral properties in Ontario.
Conquest holds a 100% interest in the Golden Rose Project,acquired in December 2017, located at Emerald Lake approximately 65 kilometres northeast of Sudbury, Ontario, which hosts the former Golden Rose Gold Mine and is underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The property is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property of six patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported gold production of over 1,000,000 ounces.
Qualified Person
Paul Smith P. Geo., (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and approved the technical disclosure contained within this news release.
FOR FURTHER INFORMATION CONTACT:
general@ConquestResources.com
www.ConquestResources.com
John F. Kearney
Chairman
416-362-6686
Robert Kinloch
President
306-881-8296
Paul Smith
Senior Geologist
902-698-2662
Forward-looking statements. This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the completion of the Acquisition and the Consolidation, the release of escrowed funds, future cash on hand, potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSXV nor its Regulation Services Provider (as defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
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September 16, 2020 - 9:04 AM PDT
Tags:
GOLD INDUSTRIAL METALS & MINERALS
1
The Sudbury Basin: Ontario’s trillion dollar mining camp
Last month, I had the pleasure of participating in the 16th Annual Sudbury Mining Week -
Jun 18, 2008 10:22 PM By: Sudbury.com Staff
It was appropriate to celebrate Mining Week in Canada, and especially in Sudbury –
one of the most prolific mining camps in the world. In Canada,
mining contributes $40 billion dollars or 5 per cent of
Canada’s GDP every year and pays $4.7 billion in corporate taxes alone.
This industry directly employs 370,000 Canadians and
is the largest private sector employer of Aboriginals.
Canada remains the leading source of new capital for
the global mining industry accounting for 36 per cent
of the $53 billion raised in 2007 or net $19 billion.
As a mining engineer who has spent his career in Africa,
the United Sates and Latin America, I can confirm that there
are few places in the world where mining is embraced and
supported as it is in Sudbury.
However, even in Sudbury, it is important that the mining industry support events such as Mining Week to communicate with local communities and, perhaps, persuade some young people to consider this industry as a future career choice.
The Sudbury area is a 1.85 billion year old meteorite impact crater and the first mineral discoveries were made here in 1883.
Let me give you a few numbers about;
Sudbury which may
surprise even local residents.
The total ore mined to date in Sudbury is
approximately 1.7 billion tonnes with
40 billion pounds of nickel,
36 billion pounds of copper,
70 million ounces of platinum, palladium and
gold and 283 million ounces of silver recovered.
At today’s commodity prices, total historic production
and current known reserves in Sudbury represent a
one trillion dollar value.
The community is the richest mining district in
North America and among the top ten most important
globally.
Sudbury accounts for about half the mining activity in Ontario, Canada’s largest mineral producing province.
The value of Ontario’s mining sector is about
$10 billion annually (2007 figures).
I think these numbers give you some idea of what an
incredible mining area Sudbury is and the impact
it has had on the wealth, not only of the City of
Greater Sudbury, but of Ontario and Canada.
In addition to exploration for gold at
The Golden Rose Gold Mine proiect site,
Click on image and find The Golden Rose Gold Mine - with shallow mining I see it as virgin -
Conquest said two other styles of economic mineral deposits have been identified
within the enlarged Sudbury land package....
Golden Rose Mine- Contains a reserve
2.4 million tonnes at 0.26 ounces of gold a tonne that contains 619,000 ounces of gold.
10/5/20160 Comments
https://www.ontarioexplorations101.com/temagami-ontario-mines/golden-rose-mine-owned-by-temagami-gold-inc-contains-a-reserve-24-million-tonnes-at-026-ounces-of-a-tonne-that-contains-619000-ounces-of-gold
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website
http://www.conquestresources.net
Mining Companies Flock To Stake Claims
In Red Lake After Recent Gold Strikes In That Area
Conquest's Alexander Property comprises 27 patented claims
acres adjoining
Goldcorp's Red Lake mine.
Published: July 28, 2020 at 8:32 a.m. ET
https://www.marketwatch.com/press-release/mining-companies-flock-to-stake-claims-in-red-lake-after-recent-gold-strikes-in-that-area-2020-07-28-81973250
Alexander Gold Project
Red Lake, Ontario
is claimed by Goldcorp to be
the richest gold mine in the world
The Alexander Property is situated within 2 kilometres of more than
28 million ounces of gold from past production and current resources
and within 400 metres of Goldcorp’s Far East Zone gold discovery.
The Alexander Property is of ample size to accommodate a high-grade
gold deposit at depth as repetition of the adjacent deposits at
Goldcorp’s Red Lake gold mine.
The stratigraphy under the property remains essentially untested
below 700 metres depth.
The richest gold bearing ore zones exist below a vertical depth of
1,300 metres in the High Grade Zone at
the Goldcorp Red Lake gold mine which is less
than 800 metres from the property boundary.
Conquest's target on the Alexander claims is an extension,
or repetition, of the mineralization at the Red Lake mine.
The Red Lake mine is claimed by Goldcorp to be
the richest gold mine in the world with
approximately 28,000,000 ounces of historic
production and current reserves.
https://www.conquestresources.com/project/alexander-gold/
Location and Property Description
Conquest's Alexander Property comprises 27 patented claims
covering 448 hectares (1,107 acres) adjoining
Goldcorp's Red Lake mine.
Conquest’s land is situated just beyond the security gate at
Goldcorp’s Red Lake gold mine and is almost completely
surrounded by Goldcorp's Red Lake mine property.
The Alexander claim holdings are patented and do not
require any annual minimum expenditures, other than
nominal property taxes.
https://www.conquestresources.com/project/alexander-gold/
https://www.conquestresources.com
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)
48,024 views •Jul 30, 2020
https://www.youtube.com/watch?v=TnOcRRJHTmk
The chart attached is a forecast for gold based upon that technique.
The data suggests that this current rally could easily surpass
$2000 per ounce, and is most likely to reach $2100 or higher
by the conclusion of this rally.
Gold & Silver bulls starting to break out > ^ > ^ > ^
Gold & Silver bulls starting to break out > ^ > ^ > ^
https://www.youtube.com/watch?time_continue=3&v=RDZQoQ61RrY&feature=emb_logo
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
7年前
Conquest Summer Drilling Program at Golden Rose Property, Emerald Lake, Ontario
V.CQR | May 29, 2019
Canada NewsWire
TORONTO, May 29, 2019
NEW OPTION AGREEMENT ON 27 CLAIMS NEAR GOLDEN ROSE
FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2019
TORONTO, May 29, 2019 /CNW/ -
Conquest Resources Limited (TSX-V: "CQR") ("Conquest" or the "Company")
is pleased to provide an update on the Company's planned summer
drilling program at its 100% owned Golden Rose Gold Property, details
of a new exploration option agreement in the Temagami Anomaly area and
its Interim Financial Results for the three-month period ended
March 31, 2019.
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
GOLDEN ROSE SUMMER 2019 DRILLING PROGRAM
Conquest plans to carry out approximately 1,200 meters of drilling at six (6) favorable targets on its 100% owned Golden Rose property at Emerald Lake, Ontario. The Company has applied for the necessary exploration permits for the summer drilling program and expects to commence its summer program as early as mid July 2019.
The six (6) selected drill sites were chosen based on geological investigation and the interpretation of a high-resolution, property-scale, airborne geophysical survey and follow up soil and MMI surveys completed in 2018 that verified each target to have anomalous gold geochemistry and confirmed potential for the discovery of gold mineralization in these areas. Execution of the planned drilling program is predicated on financing of a minimum of $250,000, on terms acceptable to the Company.
MACBETH CLAIMS OPTION AGREEMENT
Conquest has entered into an option agreement with Vision Exploration to earn up to a 100% interest, subject to a 1.5% Net Smelter Royalty in twenty-seven (27) mineral claims, the "MacBeth" claims, situated approximately nine (9) kilometres southwest of Conquest's Golden Rose property at Emerald Lake.
The MacBeth claims are located in the east-central portion of Macbeth and western portion of Clement Townships, Sudbury Mining Division, Districts of Sudbury and Nipissing, Ontario.
Vision's MacBeth claims are proximate to Conquest's Golden Rose property and Vision Exploration brings seasoned exploration experience with on-site local knowledge and operational expertise which will be invaluable to Conquest as it explores its large land package in the area of the Temagami Anomaly.
In 1959 W.H. Nichol carried out trenching and diamond drilling on a mineralized quartz vein on the MacBeth claims and reported high-grade gold mineralization from grab samples in the trench
Option Terms – Issue of 50,000 Shares
Conquest has commenced a $10,000 work commitment of Induced Polarization (IP), channel sampling, geochemistry and petrography to confirm the previously reported (1957) high-grade gold mineralization. This work is scheduled to be completed by June 30, 2019. This expenditure and the issuance of 50,000 common shares of Conquest will meet the first-year obligations under the three year option earn-in agreement.
Years 2 and 3 of the option agreement each require minimum expenditures on the MacBeth property of $10,000 and the issuance of 75,000 and 100,000 shares, respectively, should Conquest choose to maintain the option.
RESULTS OF OPERATIONS
Conquest recorded no revenue for the three-month periods ended March 31, 2019 or March 31, 2018. In accordance with the Company's accounting policies exploration and evaluation expenditures are expensed as incurred through profit and loss and included in the statement of operations.
For the three-month period ended March 31, 2019, the Company recorded a loss of $39,677 ($0.000 per share). The loss included exploration expenditures of $14,480.
For the three-month period ended March 31, 2018, the Company recorded a loss of $179,196 ($0.002 per share). The loss included exploration expenditures of $123,581.
This news release should be read in conjunction with the Company's unaudited financial statements and the associated management's discussion and analysis (MD&A) for the first quarter ended March 31, 2019 which are available on the Company's website at www.conquestresources.com or under the Company's profile on SEDAR (www.sedar.com).
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Emerald Lake Project located approximately 65 kilometres northeast of Sudbury, Ontario, underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The former Golden Rose Gold Mine is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest's exploration strategy at its Golden Rose property and Emerald Lake Project overall, is to target high-grade gold mineralization in structurally controlled mesothermal type quartz veins lying along the two prospective horizons of Algoman-type Banded Iron Formation which trend east-north-easterly across the entire strike length of the Emerald Lake Project area.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of six (6) patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported production of over 1,000,000 ounces of gold.
Conquest has planned exploration programs at its Golden Rose and Smith Lake properties, including a planned drilling campaign of up to 1,500 metres at Golden Rose to test prioritized targets identified in 2018 deemed most prospective for the discovery of gold mineralisation. The planned programs have an indicative exploration budget of circa $500,000 and are subject to the successful completion of additional financing.
Qualified Person:
Paul Smith P. Geo. (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Conquest Resources Limited
image: https://rt.newswire.ca/rt.gif?NewsItemId=C0385&Transmission_Id=201905291254CANADANWCANADAPR_C0385&DateId=20190529
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c0385.html
Paul Smith, P. Geo., Senior Geologist, 647-729-0311; Robert Kinloch, President and CEO, 306-881-8296; John F. Kearney, Chairman, 416-362-6686Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 9:54 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/05/29/conquest-summer-drilling-program-at-golden-rose-property-emerald-lake-ontario#khjgvEtHCrjfmY7Q.99
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Ownership Publicly-traded corporation
Stocks TSXVE: CQR
NAICS
Gold Ore Mining (212221)
Status Common shares listed on the TSX Venture Exchange.
Executive Terence N. McKillen - President & CEO
God Bless
Danesh K. Varma - CFO
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
7年前
mick RE: i notice several of these mining company's near big lakes?
Well, in the old days the lake and rivers often become transport ways
for the concentrate to be sent to the refiners -
Also the GOLD come from Mother Earth heat inside and were forced up by
volcanic earthquakes force etc. and the higher route to surface it cold
off - ex. the veins with gold become more narrow at the top of Mtn.
compared to at the bottom of mtn. in valleys often wider and richer. )
mick PPO GOLD RE: Gold is trading at more than CAN$2K per ounce -
1,009 views
CityNews Toronto
Published on 13 Aug 2019
https://www.youtube.com/watch?v=gDY2dHZQwvM
Conquest Summer Drilling Program at Golden Rose Property, Emerald Lake, Ontario
V.CQR | May 29, 2019
Canada NewsWire
TORONTO, May 29, 2019
NEW OPTION AGREEMENT ON 27 CLAIMS NEAR GOLDEN ROSE
FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2019
TORONTO, May 29, 2019 /CNW/ - Conquest Resources Limited (TSX-V: "CQR") ("Conquest" or the "Company") is pleased to provide an update on the Company's planned summer drilling program at its 100% owned Golden Rose Gold Property, details of a new exploration option agreement in the Temagami Anomaly area and its Interim Financial Results for the three-month period ended March 31, 2019.
image: https://mma.prnewswire.com/media/894497/Conquest_Resources_Limited_Conquest_Summer_Drilling_Program_at_G.jpg
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
GOLDEN ROSE SUMMER 2019 DRILLING PROGRAM
Conquest plans to carry out approximately 1,200 meters of drilling at six (6) favorable targets on its 100% owned Golden Rose property at Emerald Lake, Ontario. The Company has applied for the necessary exploration permits for the summer drilling program and expects to commence its summer program as early as mid July 2019.
The six (6) selected drill sites were chosen based on geological investigation and the interpretation of a high-resolution, property-scale, airborne geophysical survey and follow up soil and MMI surveys completed in 2018 that verified each target to have anomalous gold geochemistry and confirmed potential for the discovery of gold mineralization in these areas. Execution of the planned drilling program is predicated on financing of a minimum of $250,000, on terms acceptable to the Company.
MACBETH CLAIMS OPTION AGREEMENT
Conquest has entered into an option agreement with Vision Exploration to earn up to a 100% interest, subject to a 1.5% Net Smelter Royalty in twenty-seven (27) mineral claims, the "MacBeth" claims, situated approximately nine (9) kilometres southwest of Conquest's Golden Rose property at Emerald Lake.
The MacBeth claims are located in the east-central portion of Macbeth and western portion of Clement Townships, Sudbury Mining Division, Districts of Sudbury and Nipissing, Ontario.
Vision's MacBeth claims are proximate to Conquest's Golden Rose property and Vision Exploration brings seasoned exploration experience with on-site local knowledge and operational expertise which will be invaluable to Conquest as it explores its large land package in the area of the Temagami Anomaly.
In 1959 W.H. Nichol carried out trenching and diamond drilling on a mineralized quartz vein on the MacBeth claims and reported high-grade gold mineralization from grab samples in the trench
Option Terms – Issue of 50,000 Shares
Conquest has commenced a $10,000 work commitment of Induced Polarization (IP), channel sampling, geochemistry and petrography to confirm the previously reported (1957) high-grade gold mineralization. This work is scheduled to be completed by June 30, 2019. This expenditure and the issuance of 50,000 common shares of Conquest will meet the first-year obligations under the three year option earn-in agreement.
Years 2 and 3 of the option agreement each require minimum expenditures on the MacBeth property of $10,000 and the issuance of 75,000 and 100,000 shares, respectively, should Conquest choose to maintain the option.
RESULTS OF OPERATIONS
Conquest recorded no revenue for the three-month periods ended March 31, 2019 or March 31, 2018. In accordance with the Company's accounting policies exploration and evaluation expenditures are expensed as incurred through profit and loss and included in the statement of operations.
For the three-month period ended March 31, 2019, the Company recorded a loss of $39,677 ($0.000 per share). The loss included exploration expenditures of $14,480.
For the three-month period ended March 31, 2018, the Company recorded a loss of $179,196 ($0.002 per share). The loss included exploration expenditures of $123,581.
This news release should be read in conjunction with the Company's unaudited financial statements and the associated management's discussion and analysis (MD&A) for the first quarter ended March 31, 2019 which are available on the Company's website at www.conquestresources.com or under the Company's profile on SEDAR (www.sedar.com).
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Emerald Lake Project located approximately 65 kilometres northeast of Sudbury, Ontario, underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The former Golden Rose Gold Mine is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest's exploration strategy at its Golden Rose property and Emerald Lake Project overall, is to target high-grade gold mineralization in structurally controlled mesothermal type quartz veins lying along the two prospective horizons of Algoman-type Banded Iron Formation which trend east-north-easterly across the entire strike length of the Emerald Lake Project area.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of six (6) patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported production of over 1,000,000 ounces of gold.
Conquest has planned exploration programs at its Golden Rose and Smith Lake properties, including a planned drilling campaign of up to 1,500 metres at Golden Rose to test prioritized targets identified in 2018 deemed most prospective for the discovery of gold mineralisation. The planned programs have an indicative exploration budget of circa $500,000 and are subject to the successful completion of additional financing.
Qualified Person:
Paul Smith P. Geo. (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Conquest Resources Limited
image: https://rt.newswire.ca/rt.gif?NewsItemId=C0385&Transmission_Id=201905291254CANADANWCANADAPR_C0385&DateId=20190529
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c0385.html
Paul Smith, P. Geo., Senior Geologist, 647-729-0311; Robert Kinloch, President and CEO, 306-881-8296; John F. Kearney, Chairman, 416-362-6686Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 9:54 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/05/29/conquest-summer-drilling-program-at-golden-rose-property-emerald-lake-ontario#khjgvEtHCrjfmY7Q.99
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Ownership Publicly-traded corporation
Stocks TSXVE: CQR
NAICS
Gold Ore Mining (212221)
Status Common shares listed on the TSX Venture Exchange.
Executive Terence N. McKillen - President & CEO
Danesh K. Varma - CFO
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
7年前
mick PPO GOLD RE: Gold is trading at more than CAN$2K per ounce -
1,009 views
CityNews Toronto
Published on 13 Aug 2019
https://www.youtube.com/watch?v=gDY2dHZQwvM
Conquest Summer Drilling Program at Golden Rose Property, Emerald Lake, Ontario
V.CQR | May 29, 2019
Canada NewsWire
TORONTO, May 29, 2019
NEW OPTION AGREEMENT ON 27 CLAIMS NEAR GOLDEN ROSE
FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2019
TORONTO, May 29, 2019 /CNW/ - Conquest Resources Limited (TSX-V: "CQR") ("Conquest" or the "Company") is pleased to provide an update on the Company's planned summer drilling program at its 100% owned Golden Rose Gold Property, details of a new exploration option agreement in the Temagami Anomaly area and its Interim Financial Results for the three-month period ended March 31, 2019.
image: https://mma.prnewswire.com/media/894497/Conquest_Resources_Limited_Conquest_Summer_Drilling_Program_at_G.jpg
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
GOLDEN ROSE SUMMER 2019 DRILLING PROGRAM
Conquest plans to carry out approximately 1,200 meters of drilling at six (6) favorable targets on its 100% owned Golden Rose property at Emerald Lake, Ontario. The Company has applied for the necessary exploration permits for the summer drilling program and expects to commence its summer program as early as mid July 2019.
The six (6) selected drill sites were chosen based on geological investigation and the interpretation of a high-resolution, property-scale, airborne geophysical survey and follow up soil and MMI surveys completed in 2018 that verified each target to have anomalous gold geochemistry and confirmed potential for the discovery of gold mineralization in these areas. Execution of the planned drilling program is predicated on financing of a minimum of $250,000, on terms acceptable to the Company.
MACBETH CLAIMS OPTION AGREEMENT
Conquest has entered into an option agreement with Vision Exploration to earn up to a 100% interest, subject to a 1.5% Net Smelter Royalty in twenty-seven (27) mineral claims, the "MacBeth" claims, situated approximately nine (9) kilometres southwest of Conquest's Golden Rose property at Emerald Lake.
The MacBeth claims are located in the east-central portion of Macbeth and western portion of Clement Townships, Sudbury Mining Division, Districts of Sudbury and Nipissing, Ontario.
Vision's MacBeth claims are proximate to Conquest's Golden Rose property and Vision Exploration brings seasoned exploration experience with on-site local knowledge and operational expertise which will be invaluable to Conquest as it explores its large land package in the area of the Temagami Anomaly.
In 1959 W.H. Nichol carried out trenching and diamond drilling on a mineralized quartz vein on the MacBeth claims and reported high-grade gold mineralization from grab samples in the trench
Option Terms – Issue of 50,000 Shares
Conquest has commenced a $10,000 work commitment of Induced Polarization (IP), channel sampling, geochemistry and petrography to confirm the previously reported (1957) high-grade gold mineralization. This work is scheduled to be completed by June 30, 2019. This expenditure and the issuance of 50,000 common shares of Conquest will meet the first-year obligations under the three year option earn-in agreement.
Years 2 and 3 of the option agreement each require minimum expenditures on the MacBeth property of $10,000 and the issuance of 75,000 and 100,000 shares, respectively, should Conquest choose to maintain the option.
RESULTS OF OPERATIONS
Conquest recorded no revenue for the three-month periods ended March 31, 2019 or March 31, 2018. In accordance with the Company's accounting policies exploration and evaluation expenditures are expensed as incurred through profit and loss and included in the statement of operations.
For the three-month period ended March 31, 2019, the Company recorded a loss of $39,677 ($0.000 per share). The loss included exploration expenditures of $14,480.
For the three-month period ended March 31, 2018, the Company recorded a loss of $179,196 ($0.002 per share). The loss included exploration expenditures of $123,581.
This news release should be read in conjunction with the Company's unaudited financial statements and the associated management's discussion and analysis (MD&A) for the first quarter ended March 31, 2019 which are available on the Company's website at www.conquestresources.com or under the Company's profile on SEDAR (www.sedar.com).
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Emerald Lake Project located approximately 65 kilometres northeast of Sudbury, Ontario, underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The former Golden Rose Gold Mine is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest's exploration strategy at its Golden Rose property and Emerald Lake Project overall, is to target high-grade gold mineralization in structurally controlled mesothermal type quartz veins lying along the two prospective horizons of Algoman-type Banded Iron Formation which trend east-north-easterly across the entire strike length of the Emerald Lake Project area.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of six (6) patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported production of over 1,000,000 ounces of gold.
Conquest has planned exploration programs at its Golden Rose and Smith Lake properties, including a planned drilling campaign of up to 1,500 metres at Golden Rose to test prioritized targets identified in 2018 deemed most prospective for the discovery of gold mineralisation. The planned programs have an indicative exploration budget of circa $500,000 and are subject to the successful completion of additional financing.
Qualified Person:
Paul Smith P. Geo. (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Conquest Resources Limited
image: https://rt.newswire.ca/rt.gif?NewsItemId=C0385&Transmission_Id=201905291254CANADANWCANADAPR_C0385&DateId=20190529
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c0385.html
Paul Smith, P. Geo., Senior Geologist, 647-729-0311; Robert Kinloch, President and CEO, 306-881-8296; John F. Kearney, Chairman, 416-362-6686Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 9:54 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/05/29/conquest-summer-drilling-program-at-golden-rose-property-emerald-lake-ontario#khjgvEtHCrjfmY7Q.99
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Ownership Publicly-traded corporation
Stocks TSXVE: CQR
NAICS
Gold Ore Mining (212221)
Status Common shares listed on the TSX Venture Exchange.
Executive Terence N. McKillen - President & CEO
Danesh K. Varma - CFO
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NYBob
7年前
Conquest Summer Drilling Program at Golden Rose Property, Emerald Lake, Ontario
V.CQR | May 29, 2019
Canada NewsWire
TORONTO, May 29, 2019
NEW OPTION AGREEMENT ON 27 CLAIMS NEAR GOLDEN ROSE
FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2019
TORONTO, May 29, 2019 /CNW/ - Conquest Resources Limited (TSX-V: "CQR") ("Conquest" or the "Company") is pleased to provide an update on the Company's planned summer drilling program at its 100% owned Golden Rose Gold Property, details of a new exploration option agreement in the Temagami Anomaly area and its Interim Financial Results for the three-month period ended March 31, 2019.
image: https://mma.prnewswire.com/media/894497/Conquest_Resources_Limited_Conquest_Summer_Drilling_Program_at_G.jpg
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
GOLDEN ROSE SUMMER 2019 DRILLING PROGRAM
Conquest plans to carry out approximately 1,200 meters of drilling at six (6) favorable targets on its 100% owned Golden Rose property at Emerald Lake, Ontario. The Company has applied for the necessary exploration permits for the summer drilling program and expects to commence its summer program as early as mid July 2019.
The six (6) selected drill sites were chosen based on geological investigation and the interpretation of a high-resolution, property-scale, airborne geophysical survey and follow up soil and MMI surveys completed in 2018 that verified each target to have anomalous gold geochemistry and confirmed potential for the discovery of gold mineralization in these areas. Execution of the planned drilling program is predicated on financing of a minimum of $250,000, on terms acceptable to the Company.
MACBETH CLAIMS OPTION AGREEMENT
Conquest has entered into an option agreement with Vision Exploration to earn up to a 100% interest, subject to a 1.5% Net Smelter Royalty in twenty-seven (27) mineral claims, the "MacBeth" claims, situated approximately nine (9) kilometres southwest of Conquest's Golden Rose property at Emerald Lake.
The MacBeth claims are located in the east-central portion of Macbeth and western portion of Clement Townships, Sudbury Mining Division, Districts of Sudbury and Nipissing, Ontario.
Vision's MacBeth claims are proximate to Conquest's Golden Rose property and Vision Exploration brings seasoned exploration experience with on-site local knowledge and operational expertise which will be invaluable to Conquest as it explores its large land package in the area of the Temagami Anomaly.
In 1959 W.H. Nichol carried out trenching and diamond drilling on a mineralized quartz vein on the MacBeth claims and reported high-grade gold mineralization from grab samples in the trench
Option Terms – Issue of 50,000 Shares
Conquest has commenced a $10,000 work commitment of Induced Polarization (IP), channel sampling, geochemistry and petrography to confirm the previously reported (1957) high-grade gold mineralization. This work is scheduled to be completed by June 30, 2019. This expenditure and the issuance of 50,000 common shares of Conquest will meet the first-year obligations under the three year option earn-in agreement.
Years 2 and 3 of the option agreement each require minimum expenditures on the MacBeth property of $10,000 and the issuance of 75,000 and 100,000 shares, respectively, should Conquest choose to maintain the option.
RESULTS OF OPERATIONS
Conquest recorded no revenue for the three-month periods ended March 31, 2019 or March 31, 2018. In accordance with the Company's accounting policies exploration and evaluation expenditures are expensed as incurred through profit and loss and included in the statement of operations.
For the three-month period ended March 31, 2019, the Company recorded a loss of $39,677 ($0.000 per share). The loss included exploration expenditures of $14,480.
For the three-month period ended March 31, 2018, the Company recorded a loss of $179,196 ($0.002 per share). The loss included exploration expenditures of $123,581.
This news release should be read in conjunction with the Company's unaudited financial statements and the associated management's discussion and analysis (MD&A) for the first quarter ended March 31, 2019 which are available on the Company's website at www.conquestresources.com or under the Company's profile on SEDAR (www.sedar.com).
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Emerald Lake Project located approximately 65 kilometres northeast of Sudbury, Ontario, underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The former Golden Rose Gold Mine is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest's exploration strategy at its Golden Rose property and Emerald Lake Project overall, is to target high-grade gold mineralization in structurally controlled mesothermal type quartz veins lying along the two prospective horizons of Algoman-type Banded Iron Formation which trend east-north-easterly across the entire strike length of the Emerald Lake Project area.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of six (6) patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported production of over 1,000,000 ounces of gold.
Conquest has planned exploration programs at its Golden Rose and Smith Lake properties, including a planned drilling campaign of up to 1,500 metres at Golden Rose to test prioritized targets identified in 2018 deemed most prospective for the discovery of gold mineralisation. The planned programs have an indicative exploration budget of circa $500,000 and are subject to the successful completion of additional financing.
Qualified Person:
Paul Smith P. Geo. (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Conquest Resources Limited
image: https://rt.newswire.ca/rt.gif?NewsItemId=C0385&Transmission_Id=201905291254CANADANWCANADAPR_C0385&DateId=20190529
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c0385.html
Paul Smith, P. Geo., Senior Geologist, 647-729-0311; Robert Kinloch, President and CEO, 306-881-8296; John F. Kearney, Chairman, 416-362-6686Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 9:54 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/05/29/conquest-summer-drilling-program-at-golden-rose-property-emerald-lake-ontario#khjgvEtHCrjfmY7Q.99
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Ownership Publicly-traded corporation
Stocks TSXVE: CQR
NAICS
Gold Ore Mining (212221)
Status Common shares listed on the TSX Venture Exchange.
Executive Terence N. McKillen - President & CEO
Danesh K. Varma - CFO
NYBob
8年前
Conquest Reports Positive Gold Anomalies From Soil and Geochemical Surveys at its Golden Rose Property, Ontario
Canada NewsWire
TORONTO, Nov. 20, 2018
Focus on old mine area and high-priority geophysical targets
TORONTO, Nov. 20, 2018 /CNW/ -
Conquest Resources Limited (TSX-V: "CQR") is pleased to announce that it
has received positive anomalous gold-in-soil results following its 2018
summer exploration soil and MMI geochemical surveys at its Golden Rose
Gold Mine property.
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
The Golden Rose property is located at Emerald Lake in Afton Township
in northern Ontario.
https://web.tmxmoney.com/article.php?newsid=5020130444954604&qm_symbol=CQR
The surveys were taken over eight (8) of the priority geophysical/geological targets previously identified in Geotech's report on the VTEM survey completed earlier in 2018 (See Conquest News Releases July 12 and August 23, 2018). The intent of the conventional soil survey and the Mobile Metal Ions ("MMI") survey was to confirm the potential for defining anomalous gold at each of the eight, high priority targets associated with the identified magnetic and EM conductive anomalies, in addition to defining underlying lithology based on MMI geochemistry to enhance geological understanding of the Golden Rose property.
The Company received the MMI assay results from SGS Canada Inc. in Lakefield, Ontario and the soil samples from AGAT Laboratories in Mississauga, Ontario.
Soil Survey
A total of ninety-nine (99) conventional soil samples were collected and delivered to AGAT Laboratories in two separate batches for analyses for twenty-three (23) elements. These samples were collected along a portion of the base line (BL 7400N) at the mine site and along recce lines across the geophysical anomalies identified as C2 (L1110), C6 (L1270), C6 (L1310), C8, C10, C10', and C11. All the traverse lines were oriented at approximately 330° and were centered on the preliminary drill collar locations proposed in Geotech's report on the VTEM survey.
Soil Survey Results
The strongest soil anomaly occurs along the baseline near the eastern projection of the existing underground mine workings. Two anomalous gold values (351 ppb Au and 128 ppb Au) are located at the exact location of a proposed drill hole previously selected based on geological information.
A single anomalous gold-in-soil assay occurs 25 metres north of a proposed drill hole location at C10.
Two adjacent samples at the C10' geophysical anomaly show elevated gold values (128 ppb Au and 12 ppb Au) and are located immediately south of a proposed drill hole location.
Anomaly C8 had two anomalous gold assays (11 ppb Au and 17 ppb Au) located north and south (respectively) of the suggested drill hole location.
Anomaly C6 (L1310) showed a single anomalous gold assay (14 ppb Au) at the proposed location of the recommended drill hole.
C11 showed a single anomalous gold assay located 125 metres south of the proposed drill hole location.
The results of the soil survey identified positive gold-in-soil anomalies at six of the previously prioritised geophysical targets identified in the Geotech survey and help confirm the selected location of the proposed drill holes in Geotech's final report.
MMI Survey
The Mobile Metal Ions ("MMI") orientation survey was completed under the direction of SGS personnel from its Lakefield Ontario laboratory. The recce survey was carried out to locate areas of anomalous gold mineralization, as well as to identify geochemical parameters reflecting underlying bedrock geochemistry. A total of seventy-four (74) samples were collected and analysed by SGS Canada Inc.
MMI Results
MMI identified gold mineralization in Line #1 (mine stratigraphy) using gold-only data. No other elements were found to be good pathfinders with the gold. The anomalous values along Line #1 were very high, ranging from 20 to 100 times above background levels.
MMI identified a low-grade single point anomalous gold value in Line #4; however this sample will require further verification to ensure no contamination influences from the previous 1986-1987 mill operations.
Most samples along Line #3 reported background levels, except samples GR-L3-1 and its duplicate GR-L3-1D which assayed at twenty-eight (28) and fifty-two (52) times above background, respectively. Also, sample GR-L3-15 had a value of sixteen (16) times above background.
The MMI survey was successful in identifying the underlying geology at all sample location areas using the Spearman ranking from the DOGS macro. Areas of known and well documented underlying geology from Line #1, Line #2 and the Nipissing diabase samples were used as reference to compare against the unknown samples in Line #3. The MMI survey demonstrated that the elemental chemistry over the andesite, banded ironstone formation, rhyolite and Nipissing diabase have distinctive elemental signatures from one another that help characterize distinct lithological populations. This information will be used in future MMI soil surveys to help map out the underlying geology in areas covered by glacial till and thick vegetation.
Target prioritisation
Based on the recce soil and MMI surveys, six (6) geophysical targets (C1', C6 (L1310), C8, C10, C10', and C11) have now been further prioritized. These prioritised targets all occur within prospective geological settings (lithological and structural control) having potential for gold mineralization. Favourable zones with gold mineralization include, magnetic horizons (magnetite-rich Banded Iron Formation; intermediate to mafic volcanic flows and pyroclastics, and quartz-feldspar porphyry intrusions).
All the prioritised targets lie along or adjacent to the two prospective horizons of Algoman-type Banded Iron Formation, which trend east-northeast across the entire strike length of the Golden Rose property. Geologically, the two horizons of BIF are regarded as the north and south limbs of a regional synclinal structure, with the north limb hosting the former Golden Rose mine near the western end of the property.
Geophysical modelling results of the prioritized targets have provided parameters for each target, including target thickness, which ranges between 10-20 meters, and depth to target, with seven of eight targets lying within 50 meters of the surface.
Qualified Person:
Paul Smith P. Geo. (NS) Vice President Exploration, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Golden Rose Property located at Emerald Lake, sixty-five (65) kilometres northeast of Sudbury, Ontario. The thirty-three (33) easily accessible patented and staked mining claims encompass 770 hectares and the former Golden Rose Gold Mine, located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly, which closely resembles the magnetic signature of the adjacent Sudbury Basin. Conquest's exploration strategy at its Golden Rose property is to target gold mineralization lying along the two prospective horizons of Algoman-type Banded Iron Formation, which trend east-northeast across the entire strike length of the Golden Rose property. Conquest has now increased its land position in the area by approximately 3,200 hectares and currently holds a total of 3,980 hectares of prospective mineral exploration ground.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of patented and staked mining claims in Leeson, Stover, Brackin, and Rennie Townships in northern Ontario, lying to the north, west and south of the former Renabie gold mine.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Conquest Resources Limited
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2018/20/c7767.html
Paul Smith, P. Geo., Vice President Exploration, 647-729-0311;
Robert Kinloch, President and CEO, 306-343-5799;
John F. Kearney, Chairman, 416-362-6686
Copyright CNW Group 2018
https://web.tmxmoney.com/article.php?newsid=5020130444954604&qm_symbol=CQR
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
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