Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

November 03, 2009 08:30 ET

Silver Quest Samples 55.3 g/t Silver in Soil at Capoose-Silver Trend, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2009) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to announce the results from an infill geochemical soil survey conducted during September on the Capoose-Silver Trend property. The property, located approximately 185 km west-southwest of Prince George, British Columbia, hosts three known zones of silver-gold mineralization associated with disseminated sulphides. For more information including maps and a detailed property description please visit the Company's website, www.silverquest.ca.

The results from the 2008 geochemical soil survey both confirmed and extended the historic "Silver Trend" anomaly (see News Release January 26, 2009). This northeast-trending silver-in-soil anomaly is defined by a threshold concentration of 2 grams per tonne (g/t) silver.

One hundred and ninety-three soil samples were collected at the Capoose-Silver Trend property during September 2009. These samples were taken both within, and adjacent to, the grid area sampled last year. These infill samples were collected in areas where data was sparse or where collection was not possible last season due to wet conditions.

Of the one hundred and ninety-three samples, eighty-seven returned anomalous results, which include:

  • 87 samples assayed greater than or equal to 2 g/t silver
  • 43 samples assayed greater than or equal to 5 g/t silver
  • 17 samples assayed greater than or equal to 10 g/t silver
  • 4 samples assayed greater than or equal to 20 g/t silver

Three of the samples with at least 20 g/t silver were collected along grid line 9+00N; one of which assayed 55.3 g/t silver.

The results of the 2009 soil sampling survey at Capoose better-define both the "Silver Trend" geochemical anomaly as well as other targets within the property area (see News Release January 26, 2009). The Company plans to drill test select targets in 2010.

Geochemical analysis of the soils was conducted by Alex Stewart - Eco Tech Laboratory in Kamloops, British Columbia, an International Standard ISO 9001:2000-certified laboratory. The samples were analyzed using a 28-element ICPMS package. The Company has implemented a quality assurance and control program to ensure that sampling and analysis of all samples is conducted in accordance with the best possible practices. David Pawliuk, P.Geo., is the qualified person, as defined by National Instrument 43-101, for the Capoose-Silver Trend project and supervised the preparation of the technical information in this release.

SILVER QUEST RESOURCES LTD.

Randy Turner, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

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