amateur question, page-57

re: shares at 3 cents... no research CQT will have a busy time but with much news forthcoming because there will be 3 drills operating and one of these is a diamond drill.


The following post may be of interest:

Subject resource: summarizing the position
Stock Code CQT - CONQUEST MINING LIMITED
Posted 23/07/06 12:15
Posted by stolwyk
Post #1166037 - 194 reads
Start of thread

THE MT CARLTON SILVER/GOLD/COPPER PROJECT.
Summarizing the position:

The coming Resource update could present a very worthwhile Resource increase but will be only part of the total real resource, because:

1. The deposit is open in all directions. The use of the 2 RC drills will increase the resource.
14 July: Announcement: "I believe there is substantial potential
for expansion of this deposit, as the mineralisation is shallow, flat lying and open in all directions”.

2. There was only one measurement to 132 m which was the deepest drilling and resulted in bonanza grades:
Announcement 14 July: "A high grade gold intersection is reported from the V2 prospect area with 11m @ 27.6 g/t gold, 188 g/t silver and 2.01% copper in hole HC06RC53 from 121m depth.

This is within a zone of 46m @ 9.11 g/t gold, 68g/t silver and 1.08% copper from 86 m depth. This hole stopped in mineralisation of 38.8 g/t gold, 223 g/t silver and 4.29% copper after running out of drill rods at 132m depth".

Comment: The diamond drill will go deeper and will tell us how much more of this bonanza grade is available. Obviously, a nice chunk will promote the share price.


So, there are 3 ways of increasing the Resource and this combination and timing could be good for the share price overall, IMHO.


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.