Mr. Laurent Beaudoin reports
CONWAY RESOURCES: STATUS OF WORK
Conway Resources Inc. has released an update of work recently completed on the corporation's properties, as well as a summary of work yet to be completed.
Belleterre Mine
Tree clearing and repair work on the road leading to Shaft No. 1 are finished. The Corporation has excavated one of two holding ponds and will begin digging the second pond today. It will then line the ponds with waterproof geomembrane and install the filtration plant. The Corporation expects to be ready to begin dewatering Shaft No. 1 around mid-September.
Belleterre Mine Property
To date, sampling work has resulted in a total of 450 samples collected and sent to Laboratoire Expert Inc. in Rouyn-Noranda, Quebec. During this period, the Corporation discovered a new grey quartz vein up to 3 metres wide. This vein has been traced over a minimum of 100 metres. The sampling results will reveal whether the vein contains any gold.
Conway Paquin Property
A second six-tonne bulk sample will be extracted from the Paquin vein in the coming weeks. The sample material will then be ground up and sent to the pilot plant belonging to a potential strategic partner (see press release dated July 12), where it will be processed using environmentally-friendly methods.
LITCO-1 Property
Sampling of the four areas was delayed by several weeks for logistical reasons. In order to ensure the quality of the work, the Corporation gave the exploration contract to a geologist who specializes in rare metals and knows the area well.
Word from the President
Laurent Beaudoin, President and Chief Executive Officer of Conway, said that: "Work on the Belleterre Mine is progressing well, and we expect to begin dewatering the mine around mid-September. The Conway management team believes strongly in the potential of the Belleterre Mine, and will continue to devote all the effort required and take the measures needed to see the project through to completion. As the president, a director and an investor of Conway, I firmly believe that our shareholders, the residents of Belleterre and the people of Temiscamingue County are entitled to see this project proceed, both for the growth of their investment and for the benefits it can generate for the local and regional economies."
We seek Safe Harbor.