Creso Starts Drilling at Minto and Duggan
December 03 2012 - 2:14PM
Marketwired
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.
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 Lake mining camps.
FORWARD LOOKING STATEMENTS: This press release contains
forward-looking statements that address future events and
conditions, which are subject to various risks and uncertainties.
Actual results could differ materially from those anticipated in
such forward- looking statements as a result of numerous factors,
some of which may be beyond the Corporation's control. These
factors include: results of exploration activities, general market
and industry conditions, and other risks disclosed in the
Corporation's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and
opinions of the Corporation's management on the date the statements
are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation
expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law. Depending on exploration results and available
financing, the Corporation may at any point modify its work
program.
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.
Contacts: Pierre Gauthier Chairman, Interim President and CEO
(514) 866-6001 # 239 (514) 866-6193 (FAX)info@creso.ca Douglas
Murray Investor Relations (613) 220-0569 / (613)
882-7295dmurray@creso.ca www.creso.ca