Conway Resources reports the results of bulk sampling on Conway Paquin
QUEBEC CITY, Oct. 13 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Company") (TSX-V: CWY) is pleased to report the results of bulk sampling carried out on the Comway and Paquin veins of the Conway Paquin property in Guillet Township, in the Temiskaming region of Quebec.
Conway's first bulk sample produced a 10,050-gram gold bar with a 37% gold content for a total of 3,730 grams of gold (120 troy ounces). This bar was produced from 1,635 tonnes of ore grading an average of 2.28 g/t, for a 93% recovery rate.
Laurent Beaudoin, President and Chief Executive Officer of Conway, stated that: "Conway considers the outcome of this first bulk sample to be satisfactory, as it provides us with considerable information on the properties of the ore found on Conway Paquin, as well as on how to improve operating results for bulk sampling planned for the future. We are also very pleased with the gold recovery we obtained, which is a positive factor for future gold production."
Because the Belleterre Mine property is a mining concession, Conway is able to carry out annual bulk samples of 60,000 tonnes on the property, provided this type of activity proves economically feasible for the Company.
Edmond St-Jean, Ing., a qualified person under National Instrument 43-101, has reviewed the contents of this press release.
About Conway Resources Inc.
Conway is a mining exploration company that owns four gold properties and one rare metals property in Quebec. Its main asset is the Belleterre Mine property. The property is the site of the old Belleterre mine which produced over 800,000 ounces of gold between 1936 and 1959. A total of 2.18 million tonnes of ore at an average grade of 10.73 g/t Au were extracted from the mine, primarily from vein 12 (95% of production). Earlier reports indicate the presence of at least 21 veins on the property.
More information can be found on Conway's website at www.ressources-conway.com.
Forward-Looking Statements
This press release contains certain forward-looking statements that might involve uncertainty, time frames, and/or known and unknown risks beyond the Company's control. The Company's actual results, performance and achievements may differ materially from the results, performance and achievements implied by such forward-looking statements. Factors that could cause actual results to differ from those implied by forward-looking statements include, in particular, changes in the market gold price, the value of the Canadian dollar or the grade of the ore mined and unanticipated difficulties in mining activities that could have an impact on operating revenues and costs, as well as uncertainty regarding government regulations.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
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For further information:
Conway Resources Inc. Laurent Beaudoin President and Chief Executive Officer (418) 871-3334 [email protected] www.ressources-conway.com |
François Kalos Director (450) 993-0828 kalos@solak.ca |
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