QUEBEC CITY, March 21, 2012 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Corporation") (TSXV: CWY) is pleased to report that it has taken a 27-tonne bulk sample from Vein 18 on the Belleterre Mine property. Recent channel sampling work traced Vein 18 over a two-kilometre distance, making it a high-priority target for Conway. The bulk sample was delivered to the Corporation's strategic potential partner today, who will begin processing the material in early April using chlorine technology.
The bulk sample will be fully processed, from concentration by flotation through to final processing. This step will permit to assess certain economic parameters that are required to draft the business plan for future large-scale gold production at the Belleterre Mine. The Corporation will then enter the financing stage to continue the development of the Belleterre Mine.
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.
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.
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Conway Resources Inc.
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Conway Resources Inc.