TORONTO, Nov. 24, 2017 /CNW/ - Conquest Resources
Limited (TSV-V: "CQR") ("Conquest" or "the Company") is pleased
to announce the appointment of Mr. Benjamin
Batson, P. Eng., P. Geo. to the position of President and
Chief Executive Officer of the Company and to the Board of
Directors.
Mr. Batson joined Conquest in 2009 and formerly held the office
of Vice President Exploration of the Company. He has
extensive experience in mineral exploration and a broad
understanding of the business of the Company.
Benjamin is a registered Professional Engineer with the
Professional Engineers of Ontario
(PEO) and a registered Professional Geologist with the Association
of Professional Geoscientists of Ontario (APGO), l'Ordres des géologues du
Quebec (OGQ), and the Professional Engineers and Geoscientists of
Newfoundland and Labrador (PEGNL). Benjamin is a graduate
of Queen's University from the Department of Geological Engineering
and Geological Sciences and holds a Geological Engineering degree
specializing in mineral exploration.
"The Board welcomes the renewed vision, enthusiasm and
leadership of our new President and Chief Executive. Mr.
Batson has an extensive knowledge of the properties held by
Conquest and is keen to pursue low-cost acquisitions in the
Canadian gold space to further enhance Conquest's portfolio of
projects, and in so doing, transform the Company's strategic
direction," commented John
Kearney, Chairman of the Board of Directors.
Mr. Robert Kinloch, former
President and Chief Executive has been appointed to the position of
Executive Vice President and will continue to serve as a Director
of Conquest. Mr. Kinloch brings an extensive securities
background to the Company, with experience in resource exploration
and development throughout North
America, as well as strong public company management
credentials.
FUTURE PLANS
The Board is tasking the management team under renewed
leadership to harness the value of the Company's existing assets
through exploration, development, or joint ventures and to seek new
acquisitions. Conquest is actively assessing Ontario gold project opportunities to expand
Conquest's portfolio of projects.
COMPANY OVERVIEW
Conquest Resources Limited was first incorporated in 1945 and is
a mineral exploration company that is engaged in the exploration of
mineral properties in Ontario. The
Company's principal exploration target is gold.
Conquest's Alexander Property is strategically located east of
the Red Lake and Campbell mines
owned and operated by Goldcorp Inc. in the heart of the Red Lake
Gold Camp. Conquest's 100% owned Alexander Property is mostly
surrounded by Goldcorp's land holdings. The Alexander
Property is located within the important "Mine Trend" regional
structure. Management believes that the Company holds one of
the most prospective land positions in the Red Lake gold camp, outside Goldcorp.
Goldcorp's Red Lake operations
are situated in the eastern part of the Red Lake Greenstone
Belt. The western boundary of Conquest's Alexander Property
is located adjacent to Goldcorp's Red
Lake gold mine and approximately 500 meters east of
Goldcorp's Balmer Complex headframe.
Ongoing exploration success by Goldcorp at Red Lake continues to demonstrate the
prospectivity of the Red Lake
camp, which Conquest believes enhances potential at the Alexander
Property.
On October 25, 2017, Goldcorp
announced in its Exploration Update that it had commenced a
complete review study of the Red
Lake belt that includes the collation, scanning,
digitization and layering of more than 60 years of historical
data. Once completed, this data will be incorporated into a
prospectivity analysis that will drive exploration through 2018 and
beyond. Any such initiative would, by inference, include Conquest's
Alexander Property. Conquest believes that a full understanding of
Goldcorp's adjacent exploration activities is important to a
broader understanding of the highly prospective target area that
lies adjacent to Conquest's Alexander property boundary and extends
into the Alexander property.
Conquest also holds a 100% interest in the Smith Lake Property
which consists of six (6) patented mining claims and sixteen (16)
staked mining claims in Leeson, Stover, Brackin, and Rennie
Townships in northern Ontario,
lying to the north, west and south of the former Renabie gold
mine.
FINANCIAL STATEMENTS AND MD&A FILED
The Company has filed its unaudited Financial Statements and
Management's Discussion and Analysis (MD&A) for the nine-month
period ended September 30, 2017,
which are available on the company's website at
www.conquestresources.com and on SEDAR.
This news release may include certain "forward-looking
statements". All statements other than statements of historical
fact, included in this release, including, without limitation,
statements regarding potential mineralization, resources and
reserves, exploration results, and future plans and objectives of
Conquest, are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Conquest's expectations are exploration risks
detailed herein and from time to time in the filings made by
Conquest with securities regulators. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or the accuracy of this
release.
SOURCE Conquest Resources Limited