Conquest Resources Ltd. (TSXV:CQR) reported that five of the ten drill holes completed on its 100%-owned Smith Lake Gold Project.
As quoted in the press release:
A total of 1,109 metres of exploration drilling was completed at Smith Lake during August and September 2011. The most significant gold intersection was located in the first drill hole of the program grading 63.3 grams per tonne (g/t) of gold over 0.28 metres within a mineralized quartz vein in hole CSL-11-001 as previously reported (see Press Release dated September 19, 2011).
All remaining outstanding assays have been received from sampling in holes CSL-11-001 through CSL-11-010 which further demonstrate that many of the quartz veins and intrusive hosted shear zones contain significant anomalous gold mineralization. Of a total 318 samples collected from the core, 30 samples returned anomalous assays ranging from 0.25 g/t to 63.3 g/t gold over 0.22 to 1.50 metres in core length thickness.