Conquest Resources Limited (TSXV:CQR) reported that it has intersected 6.34 metres of gold mineralization grading 3.95 grams per tonne (gpt) gold in the most recently completed drill hole at its Alexander Gold project in Red Lake, Ontario.
As quoted in the press release:
Hole CR-11-051 intersected 3.95 gpt gold over 6.34 metres, including 17.50 gpt gold over 1.24 metres which includes 31.25 gpt gold over 0.53 metres of core at a hole depth of 495 metres.
Hole CR-11-051 was collared in a northeasterly direction near the southern property boundary adjacent to Goldcorp’s Red Lake mine property.
Assay results from hole CR-11-051, including this 31.25 gpt gold assay, represent the highest grade intersections on the Alexander Property to date. This gold mineralization is present within a broad pyrite-arsenopyrite bearing quartz monzodiorite intrusive of unknown true thickness located in the hanging wall to Eastern Shear Zone belonging to the Balmer Assemblage suite of rocks.