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Creso Exploration Inc CRXEF

Metals & Mining Industrial Metals & Minerals


GREY:CRXEF - Post by User

Creso Exploration Inc > Halted ...............
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Comment by Durkastanon Oct 29, 2010 9:58am
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Post# 17629640

RE: RE: RE: RE: RE: Halted ...............

RE: RE: RE: RE: RE: Halted ...............knowsnothing, you're right that this on its own is probably too low of a grade for an underground mine. If it turns out that the whole deposit is at depths of over 500m and the average grade is only about 1 g/t, then it's probably not economic.

However, we know that higher grades are nearby. In the release it says that mineralization is indicative of high grades very nearby to hole #3. And holes #1 and 2 clearly show this to be the case. Only more drilling is going to tell the whole story, and it's way too early to make any predictions about feasibility.

This news did not require a halt... I'm not sure why they bothered.
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Dealroom for high-potential pre-IPO opportunities