Silver Quest Resources Ltd.

Silver Quest Resources Ltd.

September 08, 2009 09:00 ET

Silver Quest Resources Ltd.: Exploration Update Capoose-Silver Trend and Davidson Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2009) - Silver Quest Resources Ltd. (the "Company") (TSX VENTURE:SQI) is pleased to report on exploration activities on the Capoose-Silver Trend and Davidson projects, located approximately 185 kilometres west-southwest of Prince George, British Columbia (see for property locations).

Capoose-Silver Trend Project

On the Capoose-Silver Trend property, the company has recently received government permits approving a 1,500 metre diamond drill program, to commence in mid-September. Driftwood Diamond Drilling of Smithers, B.C. have been contracted to undertake this program. The drill program is designed to test for expansion of the mineralization intersected in hole D-91 which returned 240.0-metres averaging 45.4 gram per tonne (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 157.5 g/t silver and 0.59 g/t gold and; and a 34.0-metre intercept averaging 81.8 g/t silver and 0.96 g/t gold. Other targets include the southern extensions of both Zone 1 and & Zone 2, and the eastern down-dip projection of hole D-89 which returned 10.4 metres averaging 80.4 g/t silver and 1.89 g/t gold from a depth of 19.0 meters.

In addition, the Company has recently completed a geochemical sampling program to further explore and define the numerous anomalies from last year's extensive sampling program. The Capoose mineralization was discovered by Granges Inc., in 1973 investigating a geochemical soil anomaly defined by a silver-in-soil anomaly of at least two parts per million. The results of several geochemical soil surveys indicate that a silver-in-soil geochemical anomaly extends 4.5 kilometres in a northeast direction through the Company's property. Values from the 2008 soil geochemical program returned strongly anomalous values up to 48.3 g/t silver and 1.16 g/t gold. The Company has also recently staked five additional claims comprising 2,400 hectares located south of the Capoose project to cover anomalous geochemical gold and silver values defined by previous soil sampling surveys. A surface exploration program will be carried out on the new acquired claims concurrent with the drill program.

The original Capoose-Silver Trend property comprises 10 claims and 4,234 hectares under option from Bearclaw Capital Corp., whereby the Company can acquire a 100% interest through the issuances of cash and shares and a work commitment.

Davidson Project

On the Davidson project Richfield Ventures Corp. has completed the first eight holes, totaling 1,557 metres. The first two holes, BW 42 and 43, were drilled to their target depths of about 300 metres in the centre of the Gold zone. The remainder holes in the 15-hole first-phase program are designed to test for lateral extensions of mineralization between the previously discovered zones. According to Richfield, visual examination of the core recovered to date has indicated zones of argillic (clay) alteration and zones of silicification with varying amounts of disseminated sulphides, principally sphalerite and pyrite.

The Davidson property comprised four claims and 891 hectares, and is under optioned to Richfield Ventures Corp, whereby Richfield can earn a 75-per-cent interest over four years through the issuances of cash and shares and a work commitment.

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.

We seek Safe Harbor.


Robert Weicker, 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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