Welcome to our dedicated page for Conquest Res news (Ticker: CQRLF), a resource for investors and traders seeking the latest updates and insights on Conquest Res stock.
Conquest Resources Limited (CQRLF) delivers innovative mineral exploration through advanced technologies and strategic partnerships in Ontario's mining regions. This news hub provides investors and industry observers with essential updates on the company's exploration programs, corporate developments, and technological advancements.
Access timely reports on AI-driven target identification at the Belfast-TeckMag Project, partnership milestones with VerAI Discoveries, and progress across the Alexander Gold and Smith Lake properties. The curated collection includes press releases detailing exploration results, strategic acquisitions, and operational updates that demonstrate Conquest's commitment to efficient resource discovery.
Key content categories include technical breakthroughs in mineral targeting, property expansion announcements, and updates on base/precious metal exploration initiatives. Regular updates ensure stakeholders stay informed about Conquest's progress in uncovering concealed deposits through cutting-edge geophysical surveys and AI analytics.
Bookmark this page for direct access to Conquest Resources' official communications. Check back frequently for developments that underscore the company's position as a technology-forward explorer in Canada's mineral-rich territories.
Conquest Resources has completed its first phase 3,549m drill program with VerAI Discoveries at the Belfast-TeckMag Project in Ontario. The program tested four AI-generated targets, with three showing potential mineralized systems. The most promising results came from the Eaglerock target, where drilling identified a potential copper, zinc, and gold-bearing VMS system.
Notable intersections include 0.83% Cu over 0.50m in drillhole BC24-33 and anomalous Cu mineralization over 33.50m in BC24-32. The Eaglerock target spans 2km in length and showed sulphidic horizons with chalcopyrite and sphalerite mineralization. The partnership with VerAI, established in April 2024, involves a 1.5% NSR royalty agreement and funding for the drill program.
Conquest Resources (TSXV: CQR) has announced the commencement of a 3,000 m diamond drill program on its Belfast TeckMag Project near Sudbury, Ontario. This follows the exercise of a Royalty Option Agreement by VDI Resources , a subsidiary of VerAI Discoveries Inc. VerAI has been granted a 1.5% net smelter return royalty on certain target areas, with an additional 1.5% NSR in exchange for funding the drill program.
The program will test four high-priority targets identified by VerAI's proprietary AI technology. These targets are located near where Conquest previously discovered anomalous hydrothermal copper mineralization in 2021 and 2022. The AI analysis has identified seven separate areas with signatures similar to the geological setting of the past-producing Copperfields Mine.
Conquest Resources (TSXV: CQR) has announced the grant of 4,000,000 incentive stock options under its Stock Option Plan, representing 2.95% of currently issued shares. The options were distributed to directors, officers, consultants, and other service providers. Key allocations include:
- 500,000 options to John Kearney, Chairman
- 1,200,000 options to Tom Obradovich, CEO
- 500,000 options to Tong Yin, CFO
- 400,000 options to Chair of Audit Committee
- 300,000 options each to two independent directors
- 800,000 options to consultants and other service providers
All options are exercisable at $0.05 per share for a five-year term and will vest immediately.
