Conway Resources Inc CWNYF

Phase I and II plus ramp building

[waynemerrick1]

They now have $10 million plus for the following work totalling approximately  $694k. They will also be building the ramp.  Conway Resources intends to use the funding facility to dewater the Belleterre Mine and build a ramp to access the historical and potential gold resources.

PHASE I: OUTCROP STRIPPING, MAPPING, SAMPLING AND DIAMOND DRILLING

Prospection and reconnaissance mapping with sampling on VLF

and IP anomalies along of lines

1 geologist and 1 technician (20 days @ $1,000/day)

(Including room and board) $ 20,000

Outcrop stripping on surface favourable veins (Veins No.15, 28 and 29)

and geophysical anomalies previously prospected

20 days @ $2,000/day 40,000

1 geologist and 1 technician (20 days @ $1,000/day) for mapping and sampling

(Including room and board) 20,000

Assays 250 samples @ 40$/sample (Au +35 elements ICP, A.A.

with gravimetric finish, sample preparation, handling and delivery) 10,000

Diamond drilling (500 metres) on new anomalies and/or new veins following

Previously geophysical surveys, prospection and mapping:

450 m @ $150/m (all included) 67,500

Work report with recommendations 10,000

Subtotal: 167,500

Supervision and administration (! 5%): 8,375

Contingencies (!10%): 17,968

Total Phase I: $ 193,843

PHASE II: COMPLEMENTARY STRIPPING AND DIAMOND DRILLING IF WARRANTED

Complementary outcrop stripping on surface favourable structures and new veins

20 days @ $2 000/day $ 40,000

2 geologists and 2 technicians (20 days @ $2,000/day)

(Including room and board) 40,000

Assays 400 samples @ 40$/sample (Au +35 element assays package 16,000

with ICP, A.A., gravimetric finish, sample preparation and

storage handling and delivery)

Geologica Groupe-Conseil Inc.

Diamond drilling (2,000 metres) on Vein No. 12W

and others veins or favorable structures:

2,100 m @ $150/m (all included) 315,000

Work report with recommendations 20,000

Subtotal: 431,000

Supervision and administration (! 5%): 22,500

Contingencies (!10%): 46,500

Total Phase II: $ 500,000

TOTAL PHASES I AND II: $ 693,843