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MONTREAL, QUEBEC, Jun 30, 2010 (Marketwire via COMTEX) -- Creso Exploration Inc. ("Creso" or the "Corporation") (CXT) is pleased to announce the award of a 5000 meter drilling program on the Shining Tree properties that will start this week including deepening by a further 300 m the Minto Hole #2 (18.2 g/t Au over 65.7 meters from 49.3 m to 115 m and 4.61 g/t Au over 79.6 meters from 132.4 m to 212 m - Press Release June 9, 2010) in order to do more down-hole geophysics and better delineate the gold bearing zone. Concurrently, Creso will initiate a detailed helicopter survey at 30m line spacing that will focus primarily on the Minto, Matona, Tyranite and Duggan Zones to outline known gold mineralization areas.
Creso has signed two airborne geophysical contracts with Terraquest Ltd both of which will start in July. The helicopter survey which will include Single Sensor High Resolution Aero-magnetics, Radiometrics and XDS/VLF-EM systems is based on 1779 line kilometers to be flown at low altitude with a 30m line spacing. The fix-wing aircraft will survey the entire eastern half of the Shining Tree properties covering large areas of the Tyrrell, Knight and Milner Townships survey and will include High Resolution Aero-magnetics, Horizontal Gradiometer, Radiometrics and XDS/VLF-EM systems over 5853 line kilometers at a 100m line spacing.
The combination of these two surveys is particularly well adapted to the Shining Tree Area where contrasts in hydrothermal alteration, mineralized volcanic and intrusive rocks, and complex structural features are common. Radiometric surveys will aid in delineating potassium enriched alteration zones commonly associated with gold mineralization in the area.
For additional information on the Minto, Tyranite and Duggan properties, please refer to the press release June 2, 2010 and to the 43-101 technical report available on www.sedar.com. For additional information on the Matona property, please refer to the press release June 22, 2010.
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 press release was prepared by Dr. Marc Filion, Geol. Eng, President of Creso Exploration Inc., the Qualified Persons under National Instrument 43-101.
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.
SOURCE: Creso Exploration Inc.
Creso has signed two airborne geophysical contracts with Terraquest Ltd both of which will start in July. The helicopter survey which will include Single Sensor High Resolution Aero-magnetics, Radiometrics and XDS/VLF-EM systems is based on 1779 line kilometers to be flown at low altitude with a 30m line spacing. The fix-wing aircraft will survey the entire eastern half of the Shining Tree properties covering large areas of the Tyrrell, Knight and Milner Townships survey and will include High Resolution Aero-magnetics, Horizontal Gradiometer, Radiometrics and XDS/VLF-EM systems over 5853 line kilometers at a 100m line spacing.
The combination of these two surveys is particularly well adapted to the Shining Tree Area where contrasts in hydrothermal alteration, mineralized volcanic and intrusive rocks, and complex structural features are common. Radiometric surveys will aid in delineating potassium enriched alteration zones commonly associated with gold mineralization in the area.
For additional information on the Minto, Tyranite and Duggan properties, please refer to the press release June 2, 2010 and to the 43-101 technical report available on www.sedar.com. For additional information on the Matona property, please refer to the press release June 22, 2010.
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 press release was prepared by Dr. Marc Filion, Geol. Eng, President of Creso Exploration Inc., the Qualified Persons under National Instrument 43-101.
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.
SOURCE: Creso Exploration Inc.
