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Bullboard - Stock Discussion Forum Conway Resources Inc CWNYF

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Conway Resources Inc > Conway Resources receives certificate of authoriza
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Post by rich471 on May 30, 2011 8:17am

Conway Resources receives certificate of authoriza

Conway Resources receives certificate of authorization and starts construction of the surface facilities at the Belleterre Mine

Quebec City, Quebec, May 30, 2011 – Conway Resources Inc. (“Conway” or the “Corporation”) (TSXV: CWY) is pleased to announce that it has receive the certificate of authorization for development work at the Belleterre mining project from Quebec’s Ministry of Sustainable Development, Environment and Parks. The Corporation will start construction of the surface facilities this week, beginning with clearing activities and excavation of the holding ponds.

The work described in the application includes using Shaft No. 1 to dewater the mine to a depth of about 300 metres, excavation of a 1,429-metre ramp from surface down to mine level 750, rehabilitation of drifts and crosscuts accessible from the shaft, excavation of 2,000 metres of drifts and crosscuts along with about 20 drill bays, diamond drilling, and extraction of a 10,000-tonne bulk sample from Vein 14 and/or Vein 16 and/or some other structure identified by drilling.

This work will enable the Corporation to delineate the reserves and resources, confirm the expected grades and test the continuity of the mineralized zones, as a prelude to putting the Belleterre Mine into production.

Claude Perreault, Ing, President of Experts Conseils Miniers U/G inc. and a qualified person under NI 43-101, has reviewed the contents of this press release.

About Conway Resources Inc.

Conway is a mining exploration company that owns four gold properties and one rare metals property in Quebec. Its main asset is the Belleterre Mine property. The property is the site of the old Belleterre mine, which produced over 800,000 ounces of gold between 1936 and 1959. A total of 2.18 million tonnes of ore at an average grade of 10.73 g/t Au were extracted from the mine, primarily from vein 12 (95% of production). Earlier reports indicate the presence of at least 21 veins on the property.

More information can be found on Conway’s website at www.ressources-conway.com.

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