QUEBEC CITY, Feb. 10 /CNW Telbec/ - Conway Resources Inc. ("Conway" or
the "Company") (TSX-V: CWY) is pleased to report that it has filed a
request for an authorization certificate to carry out development work
at the Belleterre Mine. Mining consultants Experts conseils miniers U/G
Inc. of Val-d'Or, Quebec, were retained to prepare the authorization
The work described in the application includes dewatering of the mine by
shaft no.1 to an approximate depth of 300 metres, driving of a
1,429-metre ramp from surface to connect to level 750' of the mine,
rehabilitation of drifts and crosscuts accessible from the shaft,
excavation of 2,000 metres of drifts, crosscuts and some 20 drill bays,
diamond drilling and the extraction of a 10,000-tonne bulk sample from
veins 14 and/or 16 and/or some other structure to be identified by
Construction of the surface facilities will begin as soon as the
authorization certificate for the shaft no.1 development work has been
issued. Dewatering will start once the mine ponds are operational.
Surface work is expected to last three months, and underground work at
least 12 months.
This work will allow the Company to define the reserves, confirm the
expected grades and test the continuity of the mineralized zones, with
a view to putting the Belleterre Mine into production.
Laurent Beaudoin, Conway's President and Chief Executive Officer, said
that: "This is an important step for Conway, as we are nearing our goal
of becoming a gold producer. The next steps will be to obtain bids for
the work described in the authorization certificate and finance the
project with strategic partners."
Claude Perreault, Ing., President of Experts conseils miniers U/G Inc.
and a qualified person as defined by 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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