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
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
Neither the 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 release.
SOURCE CONWAY RESOURCES INC.
For further information:
Conway Resources Inc.
President and CEO