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Monday, June 16, 2008

Silver Quest updates Santa Rosa and Capoose-Silver Trend project

Silver Quest updates Santa Rosa and Capoose-Silver Trend project

Silver Quest Resources Ltd. provides updates on exploration activities on two of its core projects, which include, Santa Rosa project in Mexico, and Capoose-Silver Trend project in British Columbia.

According to the company, significant progress has been made on the Phase 2 reverse circulation drill program on Santa Rosa project.

To date eleven holes have been completed, comprising 1,160 metres, representing about 60% of the entire program.

The Santa Rosa property is located approximately 175 kilometres east of Hermosillo, Sonora, Mexico and represents a new discovery (fall 2008) of potentially bulk-tonnage silver-lead-copper mineralization consistent with a carbonate-replacement-deposit model.

Multiple zones of mineralization have been tested by the recent drilling. Drilling of the Southeast zone encountered intense fracturing and faulting in three holes, and additional road building has been completed to establish new drill pads to test this target.

The current drilling program is expected to be completed by the end of June.

Sample preparation is being conducted by ALS Chemex in Hermosillo, Sonora, with analysis completed by ALS Chemex in Vancouver, an ISO 9001:2000- and ISO 17025- accredited laboratory. Samples are taken on a 1.5 metre intervals (5 ft), crushed, pulverized and digested in a four-acid solution.

All elements were analyzed by induced coupled plasma methods, and reported in parts per million. Over limits (200-plus ppm silver) are assayed by a four-acid digestion with conventional ICP-AES analysis (ME-OG62).

Providing details on Capoose-Silver Trend project in British Columbia, the company said that early-stage exploration activities were initiated on the project in late May.

Currently a crew of 14 members are on the site, completing geochemistry, geophysics and geological mapping.

The Capoose-Silver Trend property is easily accessible by roads from nearby logging camps and is located approximately 185 kilometres west-southwest of Prince George, British Columbia.

The Capoose property covers known mineralized zones and exploration targets indicative of a large disseminated silver-gold system.

Prior to the current program, the Capoose property had not been explored since 1985.

The current program covers the mineralized zones deposits and a soil geochemical anomaly, known as the “Silver Trend”, extending for a strike length of 4.5 kilometres in a northeast direction.

This extensive soil geochemical anomaly is defined by a two ppm silver threshold, and six principal targets defined with greater than five ppm silver.

This entire geochemical trend represents an excellent exploration target to discover additional mineralization similar to the historical Capoose deposit.

 

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