SILVER QUEST COMMENCES EXPLORATION ON THE 3TS PROJECT, B.C.

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Beleggingsadvies 08/06/2011 15:55
Silver Quest Resources Ltd. has commenced 2011 exploration activities on its 3Ts project in central British Columbia, located approximately 120 kilometres southwest of Vanderhoof. For additional information please visit the company's website.

The exploration program, initially budgeted at $500,000, will consist of approximately 2,000 metres of diamond drilling, geological mapping and prospecting. Prospecting and mapping will be concentrated in the eastern third of the property area which is now open and free of dense second growth trees, following a forest fire last August. The company intends to focus drilling on the Ted vein, Tommy vein, Mint vein and Ringer zone targets.

Ted vein
The best hole from previous drilling on the Ted vein assayed 8.88 grams per tonne (g/t) gold and 393.6 g/t silver across 15.4 metres (true width). A National Instrument 43-101-compliant inferred resource of 273,800 tonnes grading 2.0 g/t gold and 133 g/t silver has been calculated for the upper Ted vein, the portion of the vein above a crosscutting microdiorite sill that is about 140 metres thick. The Ted vein remains open below the sill, where the best drill hole to date intersected 2.68 g/t gold and 152.1 g/t silver across a true width of 17.2 metres. Planned 2011 diamond drilling will test the Ted vein structure at depth, below the crosscutting sill, and along strike to the north both above and below the sill.



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