QUEBEC CITY, Feb. 20, 2012 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Corporation") (TSXV: CWY) is pleased to announce that it will begin extracting a 30-tonne bulk sample at the Belleterre Mine property in mid-March. The bulk sample will be sent to the Corporation's strategic potential partner, who will begin processing the material in early April.
"The results obtained to date confirm the economic potential for processing gold from our property using our strategic partner's chlorine technology," said Francois Kalos, President and Chief Executive Officer of Conway. "This sample will be fully processed, from concentration by flotation through to final processing to produce gold. This stage will also enable us to calculate the economic parameters for future larger-scale gold production at the Belleterre Mine using this new green technology. Our strategic partner has in fact just received a grant from Quebec's Ministry of Economic Development, Innovation and Export Trade under its Green Technologies Demonstration Program."
The Corporation is also preparing a drilling program for the end of March on the Belleterre Mine property. This program will mainly test Vein 18, which was recently traced over a two-kilometre stretch and remains open along strike and at depth.
Alain Tremblay, Ing.-Geol., a consultant for Conway and a qualified person under NI 43-101, has reviewed the contents of this press release.
About Conway Resources Inc.
Conway is a mining exploration corporation 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 Corporation's control. The Corporation's actual results, performance and achievements may differ materially from the results, performance and achievements implied by such forward-looking statements.
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