NEWS - Silver Quest Defines New Anomalies at BouleSilver QuestResources Ltd.
TSX VENTURE:
SQI
Jul 13, 2010 08:00 ET
Silver Quest Defines New Anomalies at Boulevard and Increases LandPosition, Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13,2010) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the"Company") is pleased to provide an update to its shareholders on the2010 exploration programs on the Boulevard ("Boulevard") and ProspectorMountain ("Prospector Mountain") projects in Yukon Territory. Forproperty location maps and detailed property information please see theCompany's website www.silverquest.ca.
Boulevard Project
Three new geochemical soil anomalies have been discovered atBoulevard by using an X-Ray Fluorescence (XRF) analyzer in combinationwith mechanical trenching. The new anomalies are parallel, geochemicallydistinct and trend northwesterly. The anomalies have been named Sunset,Vegas and Hollywood.
- Sunset is 1,600 m long and 40-120 m wide. It is defined by a coincident arsenic- and antimony-in-soil anomaly with elevated levels of gold, iron, barium and copper.
- Vegas is 670 m long and 50 m wide. It is defined by a coincident arsenic- and antimony-in-soil anomaly with elevated levels of iron, barium and molybdenum.
- Hollywood is 580 m long and 60-80 m wide. It is defined by an arsenic-in-soil anomaly with elevated levels of gold, antimony, calcium, barium and bismuth.
Work completed to date includes the testing of approximately300 soil samples with an XRF, a 58 line km ground magnetic survey andnine diamond drill holes (total 1,187 m) aimed at testing the three newgeochemical anomalies. Drill core has been logged, split and sent to theassay lab for analysis, results are pending. The Company hasapproximately 1,200 m of planned drilling still to complete at Boulevardthis year. Boulevard is located 135 km south of Dawson City and 10 kmsouthwest of Kaminak's Coffee Discovery.
Prospector Mountain Project
A preliminary exploration program has been carried out withinthe Bonanza area of the Prospector Mountain project to expand upon 2009results. Rock samples collected in 2009 returned values up to 82.2grams per ton (g/t) gold, up to 1,375 g/t silver and up to 11.65% copperthroughout a 4 km structural trend. The preliminary 2010 programincluded geological mapping and prospecting, the collection of 82 rocksamples and 220 soil samples for geochemical analysis, and a 28 line kmground magnetic survey. A phase II drill program is planned for laterthis season to test targets generated by 2009 and 2010 explorationresults. Prospector Mountain is located 90 km northwest of Carmacks and95 km southeast of the Company's Boulevard Project.
Dawson Range – Additional Land Acquisition
Silver Quest is also pleased to announce the staking ofapproximately 1,900 new claims in the Dawson Range. These claims werestaked based on proprietary anomalous geochemical data. The Company nowhas a total land package of approximately 3,100 claims totalingapproximately 64,790 ha in the Dawson Range.
Mr. David Pawliuk, P. Geo. is the qualified person as definedby National Instrument 43-101 and supervised the preparation of thetechnical information in this release. Exploration work in the Yukon hasbeen conducted by Equity Exploration Consultants Ltd. on behalf ofSilver Quest.
SILVER QUEST RESOURCES LTD.
Randy Turner, President