Creso Exploration Inc CRXEF

Very Weak

[resourcehorse]

Highlights of hole MC-10-03b (hole 3): 280.00 metres averaging 1.15 grams per tonne Au from 536.89 metres to 816.89 metres depth.


It's no wonder they sold this off. That's a long ways underground to go and very costly so the grades have to be exeptional to be cost effective.

CRESO EXPLORATION REPORTS 280 METERS OF 1.15 G/T GOLD FROM PRELIMINARY MINTO HOLE 3 DRILL RESULTS IN THE SHINING TREE AREA, NE ONTARIO

This is equal to 56 metres of 5.75 if you condense it.Not that great for that depth.

[fairchij]

Yes they hit 280 meters of halo. What we are waiting for now is news that they have hit the high grade that produced that extremely long intercept.  Is hole 4 the one that hit? Very early in the exploration. Insiders bought 50,000 shares on tuesday.

[ministerfinance]

Absolutely correct. In addition, many large companies in at much higher levels than currently trading who have seen the preliminary surveys and probably some early core results.

[jeffya2]

The point about the halo is important as it points out the likelyhood of greater grades over a much larger area. This is very likely when viewed in conjunction with the success of holes 1 & 2 Also don't forget some of the higher grades also present that shouldn't be ignored depth. Including: 556.56 - 560.00m 5.2 g/t Au over 3.44m 713.67 - 719.14m 3.2 g/t Au over 5.47m 734.20 - 775

[Ahsan]

i will wait till the last sec today to see if it comes to 0.65 or not. if not i will buy back.

[goldrocks2]

Who cares where you spend your allowance- all those nickels and dimes and those penny flips-many of  us are in this stock for hundreds of thousands dollars-and we are in it for  as long as it takes to become the biggest gold region in canada

[Ahsan]

whatever

[offshoreskeis]

"This is equal to 56 metres of 5.75 if you condense it""from 536.89 metres to 816.89 metres depth." "That's a long ways underground to go"NOT IF THEY HIRE YOU TO WORM YOUR WAY DOWN THERE !Just Kidding.Fact is, the grade at that depth is good combined with phenomenal grades at open pit level here.