Silver Quest Resources Ltd.

Silver Quest Resources Ltd.

September 21, 2009 08:30 ET

Silver Quest Resources Ltd.: Drill Program Commences on the Capoose-Silver Trend Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2009) - Silver Quest Resources Ltd. (the "Company") (TSX VENTURE:SQI) is pleased to report that a diamond drill program has commenced on the Capoose-Silver Trend project, located approximately 185 kilometres by road, west-southwest of Prince George, British Columbia (see for property details and locations).

The Capoose-Silver Trend property, comprises 15 claims on 6,634 hectares, and covers three zones of disseminated silver and gold mineralization and a 4.5 kilometre long geochemical anomaly. Historical resources on Zones 1 and 2 (previously reported by Pan American Silver Corp. dated April 17, 2000 on SEDAR) are stated to be 32.66 million ounces of silver and 308,500 ounces of gold (consisting of 28.22 million tonnes averaging 36.0 grams per tonne (g/t) silver and 0.34 g/t gold).

This historical resource estimate completed by Pan American Silver Corp. was not compiled within the definitions and standards outlined in National Instrument 43-101. As the Company has not completed a updated resource estimation, it cautions that the historical resource estimate cannot be relied upon.

The proposed drill program will be a minimum of 10 holes (1,500 metres) and is designed to test multiple targets as well as to test the southern extensions of both Zone 1 and Zone 2. Results from twelve intersections in ten holes from last year's (2008) drill program returned a weighted average of 49.7 metres grading 40.0 g/t silver and 0.53 g/t gold. This represents an 11.0% higher grade for silver and a 55.4% higher grade for gold, than the average historical resource grade.

The program will also further test for expansion of the mineralization intersected in hole D-91 (2008) which returned 240.0 metres averaging 45.4 g/t silver and 0.76 g/t gold. Included in this intercept were two upper zones of higher grade silver mineralization, including an 18.0 metre intercept averaging 157.50 g/t silver and 0.59 g/t gold and; a 34.0 metre intercept averaging 81.8 g/t silver and 0.96 g/t gold. Other targets include the eastern down-dip projection of hole D-89 which returned 10.4 metres averaging 80.40 g/t silver and 1.89 g/t gold from a depth of 19.0 metres.

David Pawliuk, P.Geo., is the onsite qualified person for the current drill program, and Robert Weicker, 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.


Randy Turner, Chairman

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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