Conquest Resources Ltd. Reviewing Ontario Gold Projects for Winter Exploration Programs, Sale, Options and Joint Ventures
Conquest Resources (CQRLF) said on October 28, 2025 it is reviewing data on its 100% owned Ontario gold projects and a 70% stake in King Bay for potential winter exploration, sale, option or joint venture transactions.
Key project notes: the 350 sq km Belfast-Teck Mag area hosts the former Golden Rose Mine (historic production 45,414 oz Au, 1935–1941) and extensive underground development; Smith Lake borders Barrick and Alamos assets and yielded grab samples >10 g/t Au; Alexander lies beside Campbell Red Lake with Goldcorp drilling in 2008 hitting 4.97 g/t Au over 1.82 m including higher subintervals.
Conquest Resources (CQRLF) ha detto il 28 ottobre 2025 che sta rivedendo i dati sui suoi progetti auriferi dell'Ontario al 100% e su una quota del 70% in King Bay per potenziali attività di esplorazione in inverno, vendita, opzione o transazioni in joint venture.
Note chiave sul progetto: l'area Belfast-Teck Mag di 350 km² ospita l'ex Golden Rose Mine (produzione storica 45.414 oz Au, 1935–1941) e uno sviluppo sotterraneo esteso; Smith Lake confina con asset Barrick e Alamos e ha fornito campioni di barraggio > 10 g/t Au; Alexander si trova accanto a Campbell Red Lake con trivellazioni Goldcorp nel 2008 che hanno toccato 4,97 g/t Au su 1,82 m includendo sottintervalli più elevati.
Conquest Resources (CQRLF) dijo el 28 de octubre de 2025 que está revisando datos sobre sus proyectos de oro 100% propiedad en Ontario y una participación del 70% en King Bay para posibles exploraciones invernales, venta, opción o transacciones de Asociación/JV.
Notas clave del proyecto: la zona Belfast-Teck Mag de 350 km² alberga la antigua Golden Rose Mine (producción histórica 45,414 oz Au, 1935–1941) y un amplio desarrollo subterráneo; Smith Lake limita con activos de Barrick y Alamos y arrojó muestras de barrido > 10 g/t Au; Alexander se ubica junto a Campbell Red Lake con perforaciones de Goldcorp en 2008 que obtuvieron 4,97 g/t Au en 1,82 m incluyendo subintervalos más altos.
Conquest Resources (CQRLF)는 2025년 10월 28일에 온타리오주 100% 소유 골드 프로젝트 및 King Bay의 70% 지분을 겨울 탐사, 매각, 옵션 또는 공동 투자 거래 가능성에 대해 데이터를 재검토하고 있다고 밝혔다.
주요 프로젝트 노트: 350 sq km Belfast-Teck Mag 지역에는 과거 Golden Rose Mine(역사적 생산 45,414 oz Au, 1935–1941)와 광범위한 지하 개발이 있다; Smith Lake는 Barrick 및 Alamos 자산과 경계를 이루며 그랩 샘플에서 10 g/t Au 이상를 얻었고; Alexander은 Campbell Red Lake 옆에 위치하며 2008년 Goldcorp의 시추에서 4.97 g/t Au over 1.82 m를 포함한 더 높은 하위 구간이 나왔다.
Conquest Resources (CQRLF) a déclaré le 28 octobre 2025 qu'elle réexaminait des données sur ses projets aurifères 100 % détenus en Ontario et une participation de 70 % dans King Bay pour d'éventuelles explorations hivernales, vente, option ou transactions de coentreprise.
Notes clés sur le projet: la zone Belfast-Teck Mag de 350 km² accueille l'ancienne Golden Rose Mine (production historique 45 414 oz Au, 1935–1941) et un vaste développement souterrain; Smith Lake borde les actifs de Barrick et Alamos et a donné des échantillons à plus de 10 g/t Au; Alexander se situe à côté de Campbell Red Lake avec des forages Goldcorp en 2008 atteignant 4,97 g/t Au sur 1,82 m incluant des intervalles plus élevés.
Conquest Resources (CQRLF) sagte am 28. Oktober 2025, dass es Daten zu seinen 100%-Eigentum-Ontario-Goldprojekten und einer 70%-Beteiligung an King Bay prüft, um potenzielle Wintererkundungen, Verkäufe, Optionen oder Joint-Venture-Transaktionen in Erwägung zu ziehen.
Wichtige Projektnotizen: Das Gebiet 350 km² Belfast-Teck Mag beherbergt die ehemalige Golden Rose Mine (historische Produktion 45.414 oz Au, 1935–1941) und umfangreiche unterirdische Entwicklungen; Smith Lake grenzt an Barrick- und Alamos-Assets und lieferte Grabproben > 10 g/t Au; Alexander liegt neben Campbell Red Lake, und Goldcorp-Bohrungen im Jahr 2008 erreichten 4,97 g/t Au über 1,82 m einschließlich höherer Unterintervalle.
Conquest Resources (CQRLF) قالت في 28 أكتوبر 2025 إنها تعيد مراجعة البيانات حول مشروعات الذهب في أونتاريو المملوكة بنسبة 100% و< b>حصة 70% في King Bay لإمكانات استكشاف شتوية، بيع، خيار أو صفقات مشروع مشترك.
ملاحظات المشروع الرئيسية: منطقة Belfast-Teck Mag بمساحة 350 كم² تستضيف منجم Golden Rose السابق (إنتاج تاريخي 45,414 أوقية ذهب، 1935–1941) وتطوراً عمودياً واسعاً؛ Smith Lake يحد أصول Barrick و Alamos وأنتج عينات grab > 10 g/t Au؛ Alexander يقع بجانب Campbell Red Lake مع حفر Goldcorp في 2008 وصل إلى 4.97 g/t Au على 1.82 م بما في ذلك فترات فرعية أعلى.
Conquest Resources (CQRLF) 于 2025年10月28日 表示正在审查其 在安大略省100%自有的金矿项目以及在 King Bay 的 70% 股权，以进行潜在的冬季勘探、出售、选择权或合资交易。
关键项目说明：350平方公里 Belfast-Teck Mag 区域拥有前 Golden Rose Mine（历史产量 45,414 oz Au，1935–1941）及广泛地下开发；Smith Lake 与 Barrick 和 Alamos 的资产相邻，获得了大于 10 g/t Au 的抓样；Alexander 位于 Campbell Red Lake 旁，Goldcorp 于 2008 年的钻探达到 4.97 g/t Au，覆盖1.82米，包括更高的子区段。
- Historic production 45,414 oz Au at Golden Rose (1935–1941)
- Smith Lake grab samples >10 g/t Au
- Goldcorp drill intercept 4.97 g/t Au over 1.82 m at Alexander
- 350 sq km Belfast-Teck Mag project hosts former mine and extensive workings
- Company is reviewing assets for sale/options/JV, which may alter future upside
- Alexander Project described as untested at depth, leaving resource uncertainty
Toronto, Ontario--(Newsfile Corp. - October 28, 2025) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announces that it is reviewing data on its
In addition to its
The Company has been focused on its Belfast-Teck Mag Project where it has been evaluating VMS and IOCG mineralization. The former producing Golden Rose Mine is located within the 350sqkm Belfast-Teck Mag Project.
The Golden Rose Mine produced 45,414 ounces of gold between 1935 and 1941 after development by Cominco. Gold occurs in quartz fractures and veining with pyrite within two banded iron formations. There are over 6km of underground development, a three compartment shaft 228m deep, a decline ramp to the 6th level and a winze connecting the 6th and 7th levels.
The Smith Lake Property consists of 181 staked mining claims and 6 patented claims located in Leeson, Stover and Rennie Townships in the Missinabie region of Northern Ontario. It is adjacent and contiguous with the former Renabie Mine owned by Barrick Gold to the east and the Island Gold Mine Project owned by Alamos Gold to the west. Grab samples from previous overburden stripping of the Campbell vein returned values in excess of 10g/t Au.
The Alexander Gold Project consists of 27 patented mining claims covering 448 hectares in Balmer Township adjacent to the producing Campbell Red Lake Mine. Drilling by Goldcorp in 2008 intersected 4.97g/t Au over 1.82m including 14.25g/t over .61m and 12,67g/t over 1m. The Property is located on the "Mine Trend" and hosts favorable geology untested at depth.
Qualified Person
The technical content of this News Release has been reviewed and approved by Joerg Kleinboeck, P.Geo., a qualified person as defined in NI 43-101.
ABOUT CONQUEST
Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.
Conquest holds a
The Belfast-TeckMag Project is the Company's flagship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Project and TeckMag Property.
Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.
Conquest also holds a
In addition, the Company holds interests in the Smith Lake Gold Property and Lake Nipigon Basin Property.
FOR FURTHER INFORMATION CONTACT:
| general@conquestresources.com | www.ConquestResources.com |
Tom Obradovich | |
| President & Chief Executive | |
| 416-985-7140 |
Forward-looking statements: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations, plans, exploration activities, proposed expenditures, potential mineralization, and the timing and content of upcoming work programs. Forward-looking information can often be identified by words such as "anticipates", "believes", "expects", "intends", "plans", "estimates", "may", "will", "should", and similar expressions suggesting future outcomes or events. These statements are based on current expectations and assumptions that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such statements. Such risks include but are not limited to: exploration results not being indicative of future results; variations in mineral grade or recovery rates; delays or failures in obtaining necessary permits; changes in commodity prices, capital market conditions, and general economic conditions. Although the Company believes the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise forward-looking information, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272130
FAQ
What did Conquest Resources (CQRLF) announce on October 28, 2025 about Ontario projects?
Which Conquest project contains the former Golden Rose Mine and what was its historic output?
What high-grade results did Conquest report from Smith Lake and Alexander projects?
Will Conquest conduct winter exploration on the Ontario projects for 2025–2026?
How close are Conquest projects to operating mines relevant to investors in CQRLF?
