Creso Announces 2320 g/t Ag Over 1.0 Metre Interval Within 131 g/t Ag Over 29.3 Metres Intersection in the First Results from...
December 01 2011 - 9:19AM
Marketwired
Creso Exploration Inc. ("Creso" or the "Company") (TSX VENTURE:CXT)
(OTCQX:CRXEF) (FRANKFURT:C3X) is pleased to announce the results
from the first diamond drill hole completed on the Mann property in
Milner Township.
The program is designed to confirm historic drill results and
test the extensions of the D Zone beyond the known underground
workings (see Press Releases dated September 1 and November 4,
2011).
Drill hole number MN11-01 intersections include both silver and
cobalt-bearing vein systems.
The silver highlights shown in Table 1 below are higher grade
intersections in a 29.3 metre silver mineralized zone from 29.0 to
58.3 metres, characterized by silver values greater than 1 g/t and
portions of potassium enrichment over 1% K2O.
Table 1. DDH MN11-01 Silver Enriched Zone
Hole From To Length Grade
Number metres metres metres Ag (g/t) Comment
----------------------------------------------------------------------------
MN11-01 29.0 58.3 29.3 131 anomalous silver zone
including 37.0 38.0 1.0 2320 intersection above historic
drift
including 52.2 52.7 0.5 1210 intersection below floor of
historic drift
The best cobalt interval was intersected below the anomalous
silver zone. The cobalt results are shown in Table 2.
Table 2. DDH MN11-01 Cobalt Intersection
Hole From To Length Grade
Number metres metres metres Co (%) Comment
----------------------------------------------------------------------------
MN11-01 111.5 117.3 5.8 0.34 intersection of qtz/cal vein in
including 112.9 114.3 1.4 1.12 diabase
A total of 5 drill holes have been completed in the Mann
property program, for a total of 775 metres. Drill results from 4
holes are pending. They will be reported as they become
available.
This Press Release has been reviewed and approved by Mr. Mike
White, M.Sc., P.Geo., the Qualified Person under National
Instrument 43-101.
Creso Exploration QA/QC procedures follow standard industry
practices. Sealed core boxes are transported twice daily from the
drill rig to the core logging facility by qualified drill
contractor personnel. Core is logged and prepared for sampling in a
secure building. Sample intervals are selected according to
geologic contacts, visible mineralization, and alteration. Drill
core is cut along a center line using a typical circular rock saw
designed for core cutting. Sampled core is placed into sample bags,
sealed and shipped to an assay lab that follows the ISO 9000 series
of Quality Management standards. All samples were analyzed for
silver, gold and other trace elements at ALS Group Ltd.
laboratories by standard industry procedures. These procedures
include silver and gold by fire assay-AAS finish, with follow-up
silver and gold analyses by fire assay-gravimetric finish and/or
metallic screen. Multi-element analysis is done by ICP (ME-ACD81)
using a four-acid digestion. Whole rock analysis is done by ICP-AES
(ME-ICP06) using a lithium metaborate fusion.
Blank and certified standard samples are routinely submitted
with all sample batches sent to the lab for assay. In addition,
replicates, duplicates, and field duplicates are routinely included
in sample batches. Samples with visible gold are analyzed with
procedures designed to reduce the variability of the sample
results. And finally, samples are routinely sent to other labs for
additional checks.
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, and
additional interests are held in base metal properties in
Guatemala.
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.cawww.creso.ca
Douglas Murray Investor Relations (613) 220-0569 / (613)
882-7295dmurray@creso.cawww.creso.ca
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