QUEBEC CITY, Feb. 8 /CNW Telbec/ - Conway Resources Inc. ("Conway" or
the "Company") (TSX-V: CWY) is pleased to report the results of the
second phase of geophysical surveying on its Belleterre Mine property
in October and November 2010 by Géosig of Quebec City. The goal of the
second phase was to complete the surveys over the entire property. It
consisted of induced polarization (IP) surveys, ground magnetometer
surveys and very low frequency (VLF) surveys conducted over about 26
The surveys confirmed the presence of 64 new anomalies, 24 of them
considered top priority. They strike NE-SW, and could indicate zones of
sulphide concentration similar to veins 14 and 16. They will be
followed up by stripping and/or drilling in a next phase of work.
Laurent Beaudoin, Conway's President and Chief Executive Officer, said
that: "The results obtained from the surveys are very positive. We are
in the process of preparing a program of sampling and stripping on the
highest-priority targets in preparation for a coming drilling program.
It is also important to note that the previous owners had never done
this type of surveying on the property."
A map showing the results of the second phase of surveying can be found
on Conway's website at www.ressources-conway.com.
Alain Tremblay, Ing.-Geol., a consultant for Conway and a qualified
person as defined in National Instrument 43-101, has reviewed the
contents of this press release.
About Conway Resources Inc.
Conway is a mining exploration company that owns four gold properties
and one rare metals property in Quebec. Its main asset is the
Belleterre Mine property. The property is the site of the old
Belleterre mine, which produced over 800,000 ounces of gold between
1936 and 1959. A total of 2.18 million tonnes of ore at an average
grade of 10.73 g/t Au were extracted from the mine, primarily from vein
12 (95% of production). Earlier reports indicate the presence of at
least 21 veins on the property.
More information can be found on Conway's website at www.ressources-conway.com.
This press release contains certain forward-looking statements that
might involve uncertainty, time frames, and/or known and unknown risks
beyond the Company's control. The Company's actual results, performance
and achievements may differ materially from the results, performance
and achievements implied by such forward-looking statements.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange
Inc.) accepts responsibility for the adequacy or accuracy of this press
SOURCE CONWAY RESOURCES INC.
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