New resource estimate at Silver Hill
Sunday, September 16, 2007; Posted: 07:31 PM
tradingmarkets.com
Sydney, Sep 17, 2007 (RWE via COMTEX) --
(RWE Aust Business News) Conquest Mining (ASX:CQT) has a new estimate at Silver Hill, Mt Carlton, with combined indicated and inferred resources at 16 million tonnes at 1.85 grams per tonne gold, 58g/t silver, and 0.33 per cent copper based on a metal value cut-off of $20/tonne.
Total Mt Carlton resources now estimated to be 17.8mt at 1.79g/t gold, 58.7g/t silver, and 0.31pc copper for contained 1m ozs gold, 33m ozs silver and 55,000t copper.
This is a significant resource increase in silver of 60pc and gold 20pc.
Conquest shares last traded at 78c.
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