Silver Quest Identifies Soil Anomalies at BoulevarSilver Quest Resources Ltd.TSX VENTURE:
SQI
Jan 17, 2011 08:00 ET
Silver Quest Identifies Soil Anomalies at Boulevard, Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2011) - Silver Quest Resources Ltd. (TSX VENTURE:SQI)(the "Company") is pleased to announce the identification of the 20kmlong Boulevard Trend comprised of numerous gold, arsenic, antimony andmolybdenum (Au, As, Sb, Mo) soil geochemical anomalies on the Company'sBoulevard Project ("Boulevard"). Boulevard is located 135km south ofDawson City and contiguous on the southwest to Kaminak's Coffee GoldProject in the White Gold District, Yukon. See www.silverquest.ca for more information.
The Boulevard Trend is a northwest-southeast corridor thatextends from the eastern to western property boundaries and includes theSunset, Hollywood and Vegas trends defined earlier this year by SilverQuest (see news release July 13, 2010). The western 5km of the BoulevardTrend is along strike of the projected extension of the largemineralized zone on Kaminak's adjacent Coffee Gold Project. Soilsampling across the western part of the Boulevard Property is sparse,and therefore it is unclear if these anomalies are related to theBoulevard Trend, Kaminak's mineralized zone or possibly the intersectionof both.
This newly identified Boulevard Trend is the result of areconnaissance and detailed soil sampling program that collected morethan 4,400 soil samples from the "B horizon" during the 2010 fieldseason. Sample spacing varies from 25m to 100m along lines 100m to 500mapart. Anomalous values are calculated using probability plots of alarger (15,000+) proprietary soil sample database from across theregion. Anomalous values are 10 ppb Au (90th percentile), 11ppm As, 0.8 ppm Sb and 2.0 ppm Mo. Due to the lack of glaciation withinthe White Gold District, the composition of the soil samples aregenerally indicative of underlying bedrock.
The discovery of the 20km long Boulevard Trend is animportant step in the property's progress and in advancing next year'sdrill program. A detailed sampling program is currently being plannedfor this year's exploration season and will focus on in-fill sampling,sampling of north facing slopes and sampling in areas that Silver Questhas identified as high priority targets.
Sample analysis was conducted by ALS Laboratory Group inVancouver, BC, which is an ISO/IEC 17025:2005-accredited laboratory.Samples were analyzed using a 51 element combination ICP-MS and ICP-AESpackage and a 30g fire assay for gold. Samples returning >1.0 g/t Auwere reanalyzed using a 30g fire assay with gravimetric finish. TheCompany has implemented a quality assurance and quality control programto ensure that the sampling and analysis of all samples is conducted inaccordance with best practices.
Darcy Baker, P.Geo., President of Equity ExplorationConsultants Ltd. is the Qualified Person, as defined by NationalInstrument 43-101, for the Boulevard Project and supervised thepreparation of the technical information in this release.