Conway Resources starts geophysical work on its Belleterre Mine property
QUEBEC CITY, Oct. 8 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Company") (TSX-V: CWY) is pleased to announce the start of geophysical work on an unexplored portion of the Belleterre Mine property located west of highway 382. This work will consist of ground magnetometry, Very Low Frequency (VLF) and Induced Polarization (IP) surveys on 31 line-km of grid. The surveys will be conducted by the Quebec City firm Geosig.
This work will complete the geophysical phase on the property and will enable Conway to collect information on the best targets to be drilled on the whole property for the next drilling program.
Jean-Louis Robert, D.Sc. Geol., Director of Conway and 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.
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, [email protected]
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