Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

May 10, 2011 08:00 ET

Silver Quest Announces 23 m of 9.14 g/t Gold and 15 m of 9.30 g/t Gold Intercepts at Davidson Gold Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2011) - Silver Quest Resources (TSX VENTURE:SQI) ("Silver Quest" or "the Company") is pleased to report drill results from eight holes (BW 141 through BW 148) drilled to expand the resources on the Davidson Gold Project, a joint venture with Richfield Ventures Corp., which is the operator of the joint venture. Silver Quest has a 25% interest in the joint venture. The project is approximately 110 kilometres southwest of Vanderhoof, BC. The eight holes reported here are holes six through fourteen in the current 20,000 metre drill campaign.

The best results were 23 metres of 9.14 grams/tonne ("g/t") gold in hole BW 141 and 15 metres of 9.30 g/t gold in hole BW 146. Gold mineralization is seen in every hole with BW 146 returning an intersection of 378 metres grading 1.09 g/t Au.

BW 141, BW 143 and BW 148, were drilled in the northeast of the historical Gold Zone. Two holes, BW 144 and BW 147, were drilled in the centre of the joint venture property. Three further holes, BW 142, BW 145 and BW 146, were drilled in the northwest. BW 142 and BW 145 were drilled from the same location, and both were abandoned because of drilling difficulties. All eight holes were drilled vertically.

DDHFrom (m)To
(m)
Interval (m)Au g/tAg g/t
BW 1413861239.1410.7
BW 141105150.845.80.661.5
BW 141213257440.540.6
BW 1421225130.398.7
BW 142363932.0420.7
BW 14252134820.425.1
BW 1431535202.8928.4
BW 143402432030.625.3
BW 143279350.5271.520.651.8
BW 144273470.543.8
BW 1443954150.571.9
BW 144147223760.671.4
BW 144252338860.371.0
BW 144366385190.482.0
BW 145192230.486.3
BW 145293780.4421.4
BW 145636630.495.5
BW 14639416.97377.971.094.1
BW 146 incl229244159.308.9
BW 14754101470.502.3
BW 147142169270.462.9
BW 147231242110.364.1
BW 147256284280.341.5
BW 147293321280.773.7
BW 14810411170.581.8
BW 148146171.625.61.755.0
BW 148173.43187.1513.720.732.5
BW 148188246580.723.0
BW 148252309570.533.6

Widths reported are drill widths, true widths are unknown. Assays are uncut, length-weighted averages. Drilling in the eight holes totaled 2,466.8 metres, with composited sections that averaged 0.3 g/t Au and better totaling 1,505 metres, which is approximately 61% of the total drilling. Out of a total 2,269 samples, approximately 46% (1,041 samples) returned values above 0.3 g/t Au.

David Pawliuk, P. Geo., Vice-President Exploration for Silver Quest is the Qualified Person, as defined by NI 43-101, for the Davidson Gold Project and has reviewed the technical information in this release.

SILVER QUEST RESOURCES LTD.

Randy Turner, President

Neither the 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.

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