Creso Exploration Inc CRXEF

Creso & Platinex

[santi69]

Creso & Platinex have the one JV in Shining Tree.

At this point Creso has a market cap of approx. $ 18.6M whereas Platinex is at $ 4M. Bring on the drill results after the summer drill program. I want to see if Platinex can prove that their till results, which are the highest in the area (I believe) on their property prove accurate.

My top speculative pick only has a market cap of $ 4M with approx. $1.6M still in the till. I want to see the results of the summers drillprogram from Shining Tree. The company trades at a small fraction ofother companies in this area.

Press release from Marketwire

Expert Confirms Platinex Shining Tree Gold Dispersal Train Signifies Abundant Gold Sources

Thursday, June 09, 2011

TORONTO, ONTARIO -- Platinex Inc.(TSX VENTURE:PTX), is pleased to announce today that W.A. HubacheckConsultants Ltd., ("Hubacheck"), a geological consulting firm andrecognized leader in glacial drift prospecting, has confirmed that widespreadanomalous gold grain counts in till are indicative of nearby lode goldoccurrences or deposits on Platinex's Shining Tree property. Someof the higher gold grain counts are associated with one or morenortheasterly trending shears which cross the property for anapproximate nine kilometre strike length. Anomalous pathfinder elementsin tills such as arsenic, molybdenum, copper and manganese identified inthe same sample program suggest a parallel north/south gold bearingstructural system associated with the Herrick Deposit mineralization(see Platinex's press release dated February 17, 2011).

Overburden Drilling Management Ltd., ("ODM") haspioneered modern glacial drift prospecting techniques in tracing of goldgrains to deposits and has been engaged by Platinex for the work atShining Tree. Mr. Hubacheck supports this approach and stated "Glacialdrift prospecting for base and precious metal deposits has been veryeffective in the glaciated shields of Canada and Europe leading to manysignificant commercial discoveries".

James R. Trusler, President and CEO of Platinex Inc. stated, "Weare pleased to have two industry experts in the field of gold graincounts in glacial drift working with Platinex on our Shining Treeproject. This is important work in the development of Platinex's overallposition in the emerging Shining Tree gold camp and to enable Platinexto home in on gold deposits. Our exploration team's use of gold in tillresults as a viable tool for targeting future drilling prospects hasbeen validated by Hubacheck and ODM, and we are pleased that they willcontinue to be a resource for us in our ongoing drilling work at ShiningTree. We continue to be excited about the prospects for our ShiningTree project because the gold in till counts are significantly greaterthan in the immediately surrounding areas which suggests we are veryclose to the lode source of the gold".

Mr. Hubacheck has also noted that a 25 gold grainsample, collected from trenches 400 m south of the Herrick depositexposure, may be sourced from untested mineralization proximal to buteast of the Herrick deposit and an additional target area parallels theHerrick deposit 400m to 800m to the west. "These untested areas are morepronounced in terms of gold grain counts and anomalous pathfinderelements than the known deposits on the property."

James R. Trusler, President and CEO of Platinex Inc.stated, "We are continuing to sample up ice from the 41 samples in thetill dispersion train. Recently 57 samples have been submitted toOverburden Drilling Management and we are expecting results later in themonth. Prospecting, stripping and sampling will be conducted throughoutthe summer in preparation for drilling."

For the purpose of this release Mr. Peter Hubacheck,P. Geo. is the qualified person and has reviewed the geotechnicalinformation reported herein.

About Platinex Inc.

Platinex has recently revealed strong evidence of amajor gold bearing zone on its Shining Tree property as evidenced by anextraordinarily high gold content of soil samples along a nine km longcorridor. Platinex is also exploring the Herrick gold deposit with 66holes drilled to date returning encouraging gold values. Platinex'smanagement team has been leaders in the exploration and development ofPlatinum Group Elements (PGE's) in North America for 24 years. Shares ofPlatinex are listed for trading on the TSX Venture Exchange under thesymbol "PTX".

To receive Company press releases, please email [e-mail] and mention "Platinex press release" on the subject line.

FORWARD-LOOKING STATEMENTS:

Except for statements of historical fact, allstatements in this news release - including, without limitation,statements regarding future plans and objectives, are forward-lookingstatements that involve various risks and uncertainties. There can be noassurance that such statements will prove to be accurate; actualresults and future events could differ materially from those anticipatedin such statements.

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracy ofthis release.

Platinex Inc.
President and CEO
[phone]

[e-mail]
www.platinex.com
Investor Cubed Inc:
[phone] or [phone]

[phone] (FAX)
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[Rhumplestilskin]

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