good news out now let see what they gotultimately.....cheers, dave.
Silver Quest Reports Significant Geochemical Results From Capoose Project, BC
05 Apr 2011 08:00 ET
Marketwire
Silver Quest Resources Ltd.
April 5, 2011 - 08:00:00 AM
Silver Quest Reports Significant Geochemical Results From Capoose Project, BC
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 5, 2011) - Silver Quest
Resources (TSX VENTURE:SQI) ("Silver Quest" or "the Company") is pleased to
report the discovery of a significant gold-in-soil anomaly, referred to as
Rusty Creek, at the Capoose Project, located approximately 185 km southwest of
Prince George, British Columbia. The Rusty Creek anomaly is 1.2 km long by 0.5
km wide and was identified during the 2010 geochemical soil sampling program.
For more information please visit the Company's website at
www.silverquest.ca.
The 2010 geochemical sampling program was conducted as a reconnaissance style
program over part of the Capoose project property, located 18 km southwest of
the Capoose Deposit (see news release dated January 20, 2011). The Capoose
Project is comprised of 97 claims covering approximately 39,607 hectares. See
the Company's news release dated March 2, 2011 for the updated NI 43-101
Indicated and Inferred mineral resource estimate for the Capoose Deposit.
Sampling was completed in a grid orientation covering an area of 128 square
km. A total of 826 soil samples were collected at 200 m intervals along lines
spaced 500 m apart.
Gold concentrations in the 826 soil samples range from zero to 61 ppb gold,
with 32 soils containing greater than 15 ppb gold (95th percentile). Using the
95th percentile value a 1.2 km by 0.5 km gold-in-soil anomaly has been
identified with values ranging from 15 to 45 ppb gold. Further soil sampling
is planned to better define this anomaly during the 2011 field season.
Prospecting and geochemical rock sampling, followed by a diamond drill
program, are also being planned for this area to test the mineralized bedrock
source of the gold-in-soil anomaly.