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Conquest (TSXV:CQR) continues search for critical metals at Marr Lake PGE-Cu-Ni Property

Market News, Mining
TSXV:CQR
18 January 2023 13:00 (EDT)

Conquest Resources Limited (CQR) finished a 419 line-km heliborne magnetic survey at the Marr Lake Intrusive Project.

Originally work was contracted to survey the property with flight lines orientated N-S at 50 m spacings, and E-W tie lines were flown at 500 m spacings.

The survey was put together to cover the interpreted E-W-orientated Marr Lake Intrusive, as well as to cover any other structural features.

The survey mapped the magnetic properties of the Marr Lake Intrusive, finding Quetico Intrusions, which are known to host PGE-Cu-Ni mineralization.

At the property, preliminary data was used to execute a mid-fall reconnaissance prospecting program in which 20 grab samples were collected.

Samples were collected from the primary showing as well as the only other known outcropping around 800 m to the WSW.

Overall, of the 20 samples that were collected, 3E (Pt+Pd+Au) values ranged from 6 to 2,617 ppb, and Cu+Ni values ranged from 42 to 8,000 ppm.

There were also Cr values which ranged from 6 to 1,930 ppm.

Samples were pyroxenite in composition and contained a trace of 3 per cent.

There were also Cr values which ranged from 6 to 1,930 ppm.

Conquest Resources is a mineral exploration company trading on the TSXV and was first incorporated in 1945.

Conquest Resources Limited (CQR) was trading at C$0.03 as of 2:32 pm EST yesterday.


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