GREY:CRXEF - Post Discussion
Post by
santi69 on Dec 03, 2012 3:07pm
More of the News Release
Creso Starts Drilling at Minto and Duggan
MONTREAL, QUEBEC--(Marketwire - Dec. 3, 2012) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) announces that it has signed a contract to initiate up to 2,000-meter of diamond drilling on the Minto and Duggan properties. The drilling is expected to start on Tuesday, December 4.
The drilling program at Minto will test the southern portion of the property in an area where a recent compilation has indicated strong similarities with the Minto gold deposit where previous drill holes have returned 65.7 m at 18.2 g/t Au (7.9 g/t cut at 31.1 g/t Au) in the upper body and 82.5 m at 13.3 g/t Au (11.0 g/t cut at 31.1 g/t Au) in the lower body (See press release of August 9, 2010). The Minto gold rich breccia lies in a N-S deformation corridor intersected by E-W structures. Identical structural and geophysical patterns south of the Minto breccia are targeted by this drill program.
On the Duggan property, the drilling program aims at extending the mineralized body along the 370m North Trending zone. The gold mineralization at Duggan is developed along a broad north trending zone of sub-parallel shears where drilling has intersected in the past 75.5 m at 1.52 g/t Au. (See press release of June 8, 2011).
This press release has been reviewed and approved by Mr. Michael White, M.Sc. P. Geo, the Qualified Person under National Instrument 43-101.
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