CXT was trading at .55 when the following news was released...We have had a lot of posistive since then.
Mr. Robert Casaceli reports
CRESO EXPLORATION REPORTS PRELIMINARY DRILL RESULTS ON EXTENSION OF PRIOR HOLES AT THE MINTO GOLD PROJECT, ONTARIO
Visible gold has occurred at four locations in hole MC-09-01 (hole No. 1) within a 90-metre interval of hydrothermal breccia, as well as partial results of MC-09-02 (hole No. 2) on Creso Exploration Inc.'s Minto project. Both holes have been deepened by over 300 metres from their previous depths and all cores from both holes will be submitted for analysis.
Hole No. 1 was re-entered and drilled from the previous end-of-hole depth of 269 metres. At a depth of 506 metres the drill intersected a hydrothermal breccia containing finely disseminated pyrite of 2 per cent to 4 per cent by volume. Geologists have identified visible gold at depths of 546 metres, 548 metres, 568 metres and 586 metres. The hole is currently at a depth of 602 metres and analyses are pending on all cores from the re-entered hole. The collar of hole No. 1 is located 35 metres northeast of the collar of hole No. 2.
Hole No. 2 (see June 9, 2010, news release in Stockwatch: 65.7 metres of 18.2 grams per tonne gold and 79.6 metres of 4.61 grams per tonne gold in hole No. 2 on the Minto project) was deepened by 382 metres. The preliminary assay results are 5.82 grams per tonne gold over 7.6 metres beginning at 423 metres depth (including 8.24 grams per tonne gold over 5.0 metres). In excess of 300 metres of core remain to be analyzed from hole No. 2. The bottom zone is new and no true width has been determined yet. Analyses are pending on all cores from the re-entered hole No. 1.
This gold mineralization is contained within a broader zone of potassic alteration within a hydrothermal breccia that displays rims of what are interpreted to be very fine secondary K-feldspar on many breccia fragments within a matrix of quartz and calcite. Within the mineralized interval, fine disseminated pyrite makes up approximately 3 per cent by volume of the core.
Reflex measurements on the hole indicate that the hole deviates from original co-ordinates crossing the core locations of hole 2, indicating zones of vg to be 20 metres west of the pit edge and 400-plus metres deep, an area previously untested.
Michael V. White is the qualified person for this news release under National Instrument 43-101.
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