Creso Exploration Updates Drilling Activity in the Shining Tree Area, NE Ontario |
| Marketwire.com - Oct 6, 2010 |
MONTREAL, QUEBEC--(Marketwire - Oct. 5, 2010) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT) (FRANKFURT:C3X) is pleased to announce the following exploration updates at its Shining Tree Project.
Minto Project:
Creso is pleased to announce that a third diamond drill hole, MC-10-03b (Hole #3) has been completed to date to a depth of 1020 meters on the Minto Project and that an intersection representing 280 meters (from 536.9m to 816.9m) has been sent to the lab as of today, with instructions to expedite analytical results. The rocks in this interval are similar to the gold-bearing altered breccias in Minto Holes #1 and #2 (see Creso Press Release of August 9, 2010). Alteration consists variably of pink to red secondary potash and locally gray to green chlorite-carbonate, with pyrite content variable from 0.5% to 10.0%, averaging approximately 1% to 2%. Hole #3 is collared 44m WSW from Hole #1 and 44m WNW from Hole #2. Hole #3 is drilled toward the SE (153º azimuth) and is designed to cross and pass approximately 30m beneath Hole #1, which previously intersected 82.5m of 13.33 g/t Au ( see Creso Press Release as above). Wedging is being planned from Hole #3 to further test the extent of the mineralization encountered to date. The company is still waiting for further results from Holes #1 and #2.
Duggan Project:
A second drill has been commissioned on the Dugan property, 100% owned by Creso Exploration. The program is intended to drill some 500m in four holes to a maximum depth of 200m to test, and possibly extend, the known Duggan gold mineralization within a NNW structure cutting syenodiorite (please refer to the 43-101 technical report available on www.sedar.ca).
This Press Release has been reviewed and approved by Mr. Michael White, M. Sc, P. Geo., the Qualified Person under National Instrument 43-101.
About Creso
The Corporation's principal mining exploration holdings are located in the Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and Kirkland mining camps, and additional interests are held in base metal properties in Guatemala.
This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Creso disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Creso Exploration Inc.
Robert Casaceli
President and CEO
514-866-6001 # 239
514-866-6193 (FAX)
scarrasco@creso.ca
www.creso.ca
or
Creso Exploration Inc.
Douglas Murray
Investor Relations
613-882-7295
613-882-7467 (FAX)
douglas2418@gmail.com
www.creso.ca
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- Posted: 2010-10-07 11:13:44
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