Conway Resources completes the acquisition of Belleterre Mining Resources
28 Août 2012 - 3:23PM
PR Newswire (Canada)
QUEBEC CITY, Aug. 29, 2012 /CNW Telbec/ - Management of Conway
Resources Inc. ("Conway" or the "Company") is pleased to report
that it is now the owner of mineral claims CM-315 and CM-395, which
cover 100% of the Belleterre mine. The Company has fulfilled all
its obligations as set out in the initial agreement by sending the
final block of shares to the shareholders of Belleterre Mining
Resources Inc. Management also reports that only five things remain
to be done to fully secure the mine. Classification and sorting of
all the core from previous work will be completed by mid-September.
A building to house workers for the future ramp was installed on
the property in mid-August. Laurent Beaudoin, President and Chief
Executive Officer of Conway, said that: "We are confident that we
will enter the final phase to begin dewatering, and the previously
announced drilling program is already underway." 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. Forward-Looking Statements 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.
CONWAY RESOURCES INC. CONTACT: Conway Resources Inc. Laurent
BeaudoinPresident and Chief Executive Officer(418)
871-3334info@ressources-conway.comwww.ressources-conway.com
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