Silver Quest Announces 23 m of 9.14 g/t Gold and 15 m of 9.30 g/t Gold Intercepts at Davidson Gold Project, BC
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/10/11 -- Silver Quest Resources (TSX VENTURE: SQI) ('Silver Quest' or 'the Company') is pleased to report drill results from eight holes (BW 141 through BW 148) drilled to expand the resources on the Davidson Gold Project, a joint venture with Richfield Ventures Corp., which is the operator of the joint venture. Silver Quest has a 25% interest in the joint venture. The project is approximately 110 kilometres southwest of Vanderhoof, BC. The eight holes reported here are holes six through fourteen in the current 20,000 metre drill campaign.
The best results were 23 metres of 9.14 grams/tonne ('g/t') gold in hole BW 141 and 15 metres of 9.30 g/t gold in hole BW 146. Gold mineralization is seen in every hole with BW 146 returning an intersection of 378 metres grading 1.09 g/t Au.
BW 141, BW 143 and BW 148, were drilled in the northeast of the historical Gold Zone. Two holes, BW 144 and BW 147, were drilled in the centre of the joint venture property. Three further holes, BW 142, BW 145 and BW 146, were drilled in the northwest. BW 142 and BW 145 were drilled from the same location, and both were abandoned because of drilling difficulties. All eight holes were drilled vertically.
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t
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BW 141 38 61 23 9.14 10.7
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BW 141 105 150.8 45.8 0.66 1.5
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BW 141 213 257 44 0.54 0.6
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BW 142 12 25 13 0.39 8.7
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BW 142 36 39 3 2.04 20.7
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BW 142 52 134 82 0.42 5.1
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BW 143 15 35 20 2.89 28.4
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BW 143 40 243 203 0.62 5.3
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BW 143 279 350.52 71.52 0.65 1.8
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BW 144 27 34 7 0.54 3.8
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BW 144 39 54 15 0.57 1.9
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BW 144 147 223 76 0.67 1.4
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BW 144 252 338 86 0.37 1.0
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BW 144 366 385 19 0.48 2.0
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BW 145 19 22 3 0.48 6.3
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BW 145 29 37 8 0.44 21.4
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BW 145 63 66 3 0.49 5.5
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BW 146 39 416.97 377.97 1.09 4.1
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BW 146 incl 229 244 15 9.30 8.9
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BW 147 54 101 47 0.50 2.3
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BW 147 142 169 27 0.46 2.9
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BW 147 231 242 11 0.36 4.1
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BW 147 256 284 28 0.34 1.5
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BW 147 293 321 28 0.77 3.7
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BW 148 104 111 7 0.58 1.8
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BW 148 146 171.6 25.6 1.75 5.0
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BW 148 173.43 187.15 13.72 0.73 2.5
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BW 148 188 246 58 0.72 3.0
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BW 148 252 309 57 0.53 3.6
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Widths reported are drill widths, true widths are unknown. Assays are uncut, length-weighted averages. Drilling in the eight holes totaled 2,466.8 metres, with composited sections that averaged 0.3 g/t Au and better totaling 1,505 metres, which is approximately 61% of the total drilling. Out of a total 2,269 samples, approximately 46% (1,041 samples) returned values above 0.3 g/t Au.
David Pawliuk, P. Geo., Vice-President Exploration for Silver Quest is the Qualified Person, as defined by NI 43-101, for the Davidson Gold Project and has reviewed the technical information in this release.
SILVER QUEST RESOURCES LTD.
Randy Turner, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Silver Quest Resources Ltd.
Investor Relations
604-687-3959
604-687-1448 (FAX)
info@silverquest.ca
www.silverquest.ca