Creso Starts Drilling at Minto and Duggan; Shares Up 25%

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Creso Exploration Inc. (CXT.V) announced that it has signed a contract to initiate diamond drilling on the Minto and Duggan properties in northern Ontario. 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.

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.

CXT shares gained a penny at $0.05 on volume of 189,000.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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