Davidson

The Davidson Property has recently been optioned by Richfield Ventures Corporation. Richfield began a 15 hole, 2550 m exploration program on the property in July 2009. All three mineralized zones will be explored as well as other geophysical anomalies on the property.

LOCATION
The Davidson property is located approximately 110 km southwest of Vanderhoof, BC and approximately 20 km northeast of Silver Quest's 3Ts Project. These properties are both situated in the Nechako Plateau region of central British Columbia. Access is by secondary logging roads.

Size

The property consists of 4 contiguous mineral claims covering an approximate area of 890 hectares.

Ownership

Silver Quest currently owns 100% interest in the Davidson Property (subject to a 2% NSR). Davidson is held under a Joint Venture Agreement with Richfield Ventures Corp., who may earn a total of 75% by making cash payments totalling $240,000, issuing 750,000 shares and completing work expenditures of $1,500,000 over a four year period.

Target and Potential

The Davidson property is a disseminated gold-silver type deposit. The property has been the subject of several major exploration programs between the late 1970's and 2006. The 1987 and 1994 drilling defined two zones, named the Gold and Silver Zones, within an area 800 by 300 metres across.

The Gold Zone, covering an area of about 500 by 200 metres, returned gold values in all 11 holes drilled, with the best intersection grading 14.28 g/t gold and 26.7 g/t silver across 6.3 metres in hole DAV-11.

The Silver Zone returned a number of long intervals of silver mineralization, including 94.9 metres grading 20.6 g/t silver in hole DAV-15, 41.6 metres grading 33.0 g/t silver in hole DAV-16 and 83.9 metres grading 29.1 g/t silver in hole DAV-17.

During 2005, Silver Quest drilled five holes and discovered a new mineralized zone located 500 metres south of the Silver Zone and 500 metres west of the Gold Zone. Hole DAV-05-02 returned 140.5 metres grading 1.43 g/t gold and 3.4 g/t silver, including 14.0 metres grading 4.93 g/t gold and 17.1 g/t silver. Two subsequent holes drilled by Silver Quest in the winter of 2006 returned 8.0 metres grading 10.7 g/t gold and 42.8 g/t silver, including 2.0 metres grading 35.5 g/t gold and 153.0 g/t silver, and the second hole, 12.3 metres grading 1.25 g/t gold and 46.1 g/t silver.

Geology

The Davidson property is located on the Nechako uplift, a structurally elevated block of the Stikine Terrane. The property is underlain by rhyolite to andesite tuff, breccias and flows of the lower Hazelton Group. Sulphide mineralization on the property is associated with a zone of strong fracturing and alteration, hosted in altered felsic and intermediate volcanic rocks, with secondary quartz, that also belong to the Hazelton Group. Mineralization consists of pyrite, sphalerite, tetrahedrite, and arsenopyrite. Geophysics completed on the property has been interpreted as showing a silicified breccias plug or pipe centrally located between all three known mineralized zones and features that indicate a possible west-northwest trending structural control to the mineralization within the area.

Maps & Figures

BC Property Location Map

BC Claim Map

Davidson Cross Section

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