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100% Canadian Oil Gas, and Mining > Important news releases affecting the price of oil gas and mining equities. > Red Lakes Gold Mines - is Canada’s largest gold m View modes: 
  • Red Lakes Gold Mines - is Canada’s largest gold m

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    Red Lakes Gold Mines - is Canada’s largest gold mine, and in 2008
    produced 629,000 ounces. It is also one of the world’s richest
    gold mines and lowest cost producers - don't miss out of our new
    golden baby Au bargain smile -


    http://www.goldcorp.com/_templates/2/source/img_main_red_lake.jpghttp://www.goldcorp.com/_templates/2/source/img_main2_red_lake.jpg
    http://www.goldcorp.com/operations/red_lake_mine/
    ..take the strategic early positions before the crowd smile -

    START OF FIRST DEEP HOLE AT ALEXANDER PROPERTY, RED LAKE, ONTARIO







    PRESS RELEASE

    ·START OF FIRST DEEP HOLE AT ALEXANDER PROPERTY, RED LAKE, ONTARIO

    Toronto, Ontario – February 25, 2010 -

    Conquest Resources Limited -

    (TSX-V: “CQR”)(USOTC:CQRLF) is pleased to announce drilling has started
    on the first 2,000 metre “mother hole” on its Alexander Gold
    Project(100% owned) at Red Lake, Ontario.


    Boart Longyear Canada has mobilized a LY-55 deep-hole rig onto the
    site for the initial drill program comprising 8,000 metres of drilling.
    The program comprises a series of deep holes with wedging from 800
    metres vertical depth in each of the holes.
    The initial drill program is expected to take approximately four
    months to complete.



    The first hole will test the Balmer volcanic assemblage beneath the
    Huston-Balmer unconformity.
    Three “daughterholes” will be wedged from the first parent hole.
    The target is gold mineralization in sheared Balmer volcanics as well
    as Huston sediments within the “Mine Trend” structural corridor,
    immediately east of Goldcorp’s Red Lake and Campbell gold mines.




    The drilling is part of a systematic evaluation of the Alexander
    Property at deeper levels than previously explored, starting at the
    south western corner of the property inclose proximity to
    the Red Lake mine.
    Previous, shallower drilling byConquest and by Goldcorp intersected
    significant gold values within the target edrock types.



    ABOUT THE ALEXANDER PROPERTY

    In 2009, Conquest completed a4,100 metre drill program which doubled
    the depth profile of drilling on the Alexander Property
    from 300 to 700 vertical metres in the area below the western part
    of the property, adjacent to the Red Lake mine.
    All six holes from this program intersected gold mineralization,
    including 9.64 g/t gold over 0.39 metres and4.05 g/t gold over
    1.92 metres (see PressRelease – December 18, 2009).



    In 2008, Goldcorp drilled four holes from their adjacent Red Lake mine
    property on to the western portion of the Alexander property.
    Significant results from these holes include done intersection
    containing 14.25 g/t gold over 0.61 metres
    (see Press Release - May 25,2009).



    Conquest’s Alexander Gold Project -
    is located in Balmer Township in the heart of the Red Lake Gold Camp.
    The Alexander Property is situated within the “Mine Trend”
    structural corridor adjacent to Goldcorp’s Red Lake and Campbell gold
    mines, which contain historic production and current resources in
    excess of 25 million ounces of gold, and approximately 1,000 metres
    east of the Red Lake No. 1 Shaft headframe and within 400 metres of
    the Far East gold zone at the Red Lake mine.
    Many ofthe regional structures that have associated gold mineralization
    in the area of Goldcorp’s two producing mines cross on to
    the Alexander Property.


    QUALIFIEDPERSON

    Informationof a scientific or technical nature contained in thisrelease has beenprepared by or under the supervision of TerenceMcKillen, P.Geo., theChief Executive Officer of the Corporation and aQualified Person withinthe meaning of National Instrument43-101 of theCanadian SecuritiesAdministrators.

    ABOUT THE COMPANY

    Conquest is exploring several gold projects in Ontario.
    These include the Alexander GoldProject at Red Lake;
    the Aurora and Sunday Lake properties at Detour Lake;
    theKing Bay Gold Project at Sturgeon Lake (60% interest);
    and the Smith Lake GoldProject at Missanabie.




    There are currently 81,813,637 shares of Conquest issued and outstanding.



    Thisnewsrelease may include certain "forward-looking statements".Allstatementsother than statements of historical fact, included inthisrelease, including,without limitation, statements regardingpotentialmineralization, resources andreserves, exploration results,and futureplans and objectives of Conquest, areforward-lookingstatements thatinvolve various risks and uncertainties. Therecan be noassurance thatsuch statements will prove to be accurate andactualresults and futureevents could differ materially from thoseanticipated insuchstatements. Important factors that could cause actualresults todiffermaterially from Conquest’s expectations are explorationrisksdetailed hereinand from time to time in the filings made byConquestwith securitiesregulators.



    Neither theTSXVenture Exchange nor its Regulation Services Provider(as that termisdefined in the policies of the TSX VentureExchange)acceptsresponsibility for the adequacy or the accuracy ofthisrelease.



    FORFURTHER INFORMATION, PLEASE CONTACT:



    Tollfree: 1(877) 280-8633



    D. Brett Whitelaw, Vice-President – (604) 662- 8633 -Vancouver

    Rob Kinloch, Director – (306) 343- 5799 -Saskatoon

    Terence N. McKillen, President & CEO – (647) 728- 4126- Toronto

    John F. Kearney, Chairman – (416) 362- 6686 -Toronto



    info@conquestresources.net



    http://www.conquestresources.net


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