ellendale 17 only a few weeks to go...

Conquest flags big resource


Jesse Riseborough


Wednesday, March 16, 2005
JUNIOR diamond and gold explorer Conquest Mining could unveil a significant
new JORC compliant resource estimate for its flagship Ellendale 17 diamond
project in the near future, with HMS sampling of a 2000 tonne sample
expected to take around eight weeks.

Conquest said the HMS work would begin early next month.

Conquest managing director John Terpu could not be reached by MiningNews.net
this morning, but in a release to the market the company said it believed up
to 37 million tonnes of lamproite is prospective for gem quality diamonds
based on the company's micro-diamond and indicator mineral evidence.

Conquest further said that a 30 million tonne resource at Ellendale 17 could
have an in-ground value of more than $500 million.

Shares in Conquest were off 0.5c at 20.5c in early afternoon trade.