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The survey was successful in mapping the magnetic properties of the Marr Lake Intrusive, part of a series of mafic, ultramafic, and alkaline stocks and sills known as the Quetico Intrusions which are known to host PGE-Cu-Ni mineralization. The geophysical survey outlined an elongated east-west magnetic anomaly that mostly falls under the waters of Marr Lake which corresponds with the interpreted outline of the ultramafic intrusive. The preliminary data was used to execute a mid-fall reconnaissance prospecting program in which a total of 20 grab samples were collected. Samples were collected from the main showing (862401 to 862414) located along the northwestern shoreline of Marr Lake, as well as the only other known outcropping located approximately 800 m to the WSW (862418 to 862420). Samples 862415 to 862417 were collected north of the main showing from a gabbroic intrusive that outcrops along the shoreline of a small marsh. At the main showing, samples 862401 to 862409 were collected along a poorly exposed trench over a length of approximately 20 m, and samples 862410 to 862414 were collected from a blasted pit located 10 m to the west of the trench. Of the 20 samples that were collected, 3E (Pt+Pd+Au) values ranged from 6 to 2,617 ppb, Cu+Ni values ranged from 42 to 8,000 ppm, and Cr values ranged from 6 to 1,930 ppm (see Table 1 below).
Samples collected from the Marr Lake Intrusive were pyroxenite in composition and contained trace to 3% interstitial sulphides consisting of pyrite, chalcopyrite, and pyrrhotite.
Grab samples are selective in nature and may not represent true mineralization on the Property.
Conquest intends to complete a 3D geophysical inversion of the magnetic data on the Property over the next few months, as well as complete additional prospecting and ground-truthing of the geophysical magnetic features in early May. The 3D geophysical inversion will give Conquest a better understanding of the extent and orientation of the Marr Lake Intrusive, along with any feeder dykes related to the intrusive which will also make attractive exploration targets.
Quality Control
Samples were delivered by Conquest to
Once the samples are received and dried at the laboratory, the samples are then crushed to 80% passing 10 mesh (2 mm) and then split into 250 g sub-sample size using a
Results for the 38-element ICP analysis (1E3 package) include digesting 0.5 g of the sample with aqua regia for 2 hours at 95 -degreeC. The sample is cooled and then diluted with deionized water. The samples are then analyzed using an Agilent 700 series ICP for the 38-element suite. QC for the digestion is 15% for each batch, 2 method reagent blanks, 6 in-house controls, 8 sample duplicates and 5 certified reference materials. An additional 20% QC is performed as part of the instrumental analysis to ensure quality in the areas of instrumental drift. If over limits for base metals are encountered, a sodium peroxide fusion, acid dissolution followed by ICP-OES is completed.
A certified standard and blank were inserted into the sample stream which comprised 10% of the number of grab samples that were submitted for analysis.
Joerg Kleinboeck,
ABOUT CONQUEST
Conquest holds a 100% interest in the
In
Conquest now controls over 300 sq km of underexplored territory, including the past producing
Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property of six patented claims and 181 staked mining claims to the north, west and south of the former
Contact:
President & Chief Executive
T: 416-985-7140
E: general@conquestresources.com
WEB: www.conquestresources.com
Forward-looking statements
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 the completion of the Acquisition and the Consolidation, the release of escrowed funds, future cash on hand, 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 TSXV nor its Regulation Services Provider (as defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
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