Conquest Resources Limited

Conquest Resources Limited

March 16, 2010 13:32 ET

Conquest Clarifies Detour Lake Area Acquisition

TORONTO, ONTARIO--(Marketwire - March 16, 2010) - Conquest Resources Limited (TSX VENTURE:CQR) confirms that it has been exploring its own Detour Lake Area properties (Aurora and Sunday Lake) since 2002 through an option/joint venture agreement with Prism Resources Inc. and Boliden Westmin (Canada) Limited (subsequently acquired by Breakwater Resources). Although Conquest's Aurora and Sunday Lake properties are adjacent to the current mine development project being operated by Detour Gold Corporation., Conquest does not hold and has not acquired an interest in such project.

Conquest is exploring several gold projects in Ontario. These include the Alexander Gold Project at Red Lake; the Aurora and Sunday Lake properties at Detour Lake; the King Bay Gold Project at Sturgeon Lake (60% interest); and the Smith Lake Gold Project at Missanabie. Conquest is currently undertaking a drilling program on its 100% owned Alexander Gold Project in Red Lake, Ontario (See Press Release dated February 25, 2010).

There are 83,713,637 shares of Conquest issued and outstanding.

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.

Contact Information

  • Conquest Resources Limited
    Terence N. McKillen
    President & CEO
    Conquest Resources Limited
    D. Brett Whitelaw
    Conquest Resources Limited
    John F. Kearney
    Conquest Resources Limited
    Robert Kinloch