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SciQuest SQI

"SciQuest Inc provides cloud-based business automation solutions for spend management. Its offers procurement solutions, spend analysis solutions, supplier management solutions, contract lifecycle management solutions, & accounts payable solutions."


NDAQ:SQI - Post by User

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Post by JustAnotherGuyon Sep 09, 2010 1:25pm
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Post# 17430038

NEWS - Silver Quest Commences Drilling at Prospect

NEWS - Silver Quest Commences Drilling at ProspectSilver Quest Resources Ltd.

TSX VENTURE: SQI
Silver Quest Resources Ltd.
Sep 09, 2010 13:17 ET

Silver Quest Commences Drilling at Prospector Mountain, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2010) - Silver Quest Resources Ltd. (TSX VENTURE:SQI)(the "Company") is pleased to provide an update on its ProspectorMountain Property, located 90 km northeast of Carmacks, Yukon. The PhaseII exploration drill program (approximately 1,500 m) has commenced totest the recently discovered Bonanza Zone. For further details pleasevisit the Company's website www.silverquest.ca.

The 1,000 m long by 550 m wide Bonanza Zone is defined bysignificantly anomalous soil and rock geochemical values. Select rocksamples collected during the 2010 Phase I exploration program within theBonanza Zone confirmed the highly anomalous assays reported in 2009,which returned gold values up to 82.8 grams per tonne (g/t), silvervalues up 1,375 g/t and copper values up to 11.65% (see news releasedated January 18, 2010). Selected rock samples from within thegeochemically anomalous zone returned significant gold values up to 109g/t as well as elevated values for silver, arsenic, bismuth, copper,antimony (see news release dated August 4, 2010). Samples taken arepredominantly "float" samples collected from widespread felsenmeer.

The Company has planned 11 diamond drill holes which will targetbedrock mineralization below the anomalous rock and soil samplespreviously collected.

Darcy Baker, P.Geo., President of Equity Exploration Consultants Ltd.is the Qualified Person, as defined by National Instrument 43-101, forthe Prospector Mountain Property and supervised the preparation of thetechnical information in this release.

SILVER QUEST RESOURCES LTD.

Randy Turner, President

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