MONTREAL, QUEBEC -- (Marketwire) -- 02/14/13 -- Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE: CXT)(OTCQX: CRXEF)(FRANKFURT: C3X) is pleased to announce the results from the most recent drill program completed on the Duggan gold property located in the Shining Tree area of northeastern Ontario.
A total of 5 diamond drill holes, totaling 1,117 metres, were completed in December of 2012 and January of 2013. The drilling program tested the historic drill holes in five sections within the mineralized deposit over 280m, confirming historic mineralization (eg CD13-03: historic section 1.3g/t over 87m).
The Duggan zone comprises several N-S vein systems over 900m of a strike length, tested to 150m depth, and open to the North and South showing continued structure, alteration, and anomalous gold.
Result highlights:
-- CD13-03: 2.20 g/t over 34.50 metres, including 11.41 g/t over 5.65 metres which includes 40 g/t over 1.0 metre and 27.50 g/t over 0.80 metres.-- CD13-04: 2.13 g/t over 10.20 m, including 11.70 g/t over 1.10 metres; and 2.24 g/t over 4.45 metres.
Mineralization on the Duggan deposit is contained within altered plutonic rock. Alteration consists of strong pervasive calcite, hematization and moderate to strong silicification. Quartz and quartz-calcite stringers are common throughout the zone. Pyrite is the main sulphide mineral, with trace amounts of chalcopyrite and arsenopyrite. Visible gold is present in small amounts. The mineralized body strikes N-S and steeply (70-75 degrees ) dips to the West.
Table 1: Drill holes collar location.---------------------------------------------------------------------------- Elevation LengthHole ID Easting(i) Northing(i) (m) (m) Dip Azimuth----------------------------------------------------------------------------CD12-01 497911.2 5279953.6 357.6 177 -45 80----------------------------------------------------------------------------CD13-01 497950.6 5279915.2 356.4 150 -50 80----------------------------------------------------------------------------CD13-02 497949.6 5279674.5 361.3 241 -60 80----------------------------------------------------------------------------CD13-03 497877.6 5279755.9 364.0 315 -55 90----------------------------------------------------------------------------CD13-04 497901.0 5279811.1 361.4 234 -52 90----------------------------------------------------------------------------(i)Datum: NAD 83 UTM Zone 17 Table 2: Results from the reported drill holes.---------------------------------------------------------------------------- From To Length AuHole ID (m) (m) (m)(ii) (g/t)----------------------------------------------------------------------------CD12-01 13.30 14.15 0.85 0.81 107.65 108.50 0.85 0.94 114.25 120.90 6.65 0.67 160.40 162.55 2.15 0.53----------------------------------------------------------------------------CD13-01 24.70 25.60 0.90 0.96 75.55 90.30 14.75 0.61 95.45 102.45 7.00 0.47----------------------------------------------------------------------------CD13-02 14.80 16.85 2.05 0.41 39.00 39.50 0.50 1.22 65.50 66.20 0.70 5.82 125.50 126.25 0.75 6.97 133.35 172.85 39.50 0.48Including: 133.35 146.55 13.20 1.06 189.75 190.70 0.95 1.07 201.00 202.00 1.00 0.71 213.90 214.70 0.80 1.81----------------------------------------------------------------------------CD13-03 184.50 188.20 3.70 4.53Including: 184.50 186.00 1.50 10.38 209.50 244.00 34.50 2.20Including: 226.25 231.90 5.65 11.41Including: 226.25 227.25 1.00 40.00Including: 231.10 231.90 0.80 27.50 253.65 256.80 3.15 0.37 259.80 265.40 5.60 0.52 294.80 296.40 1.60 0.45----------------------------------------------------------------------------CD13-04 149.35 159.55 10.20 2.13Including: 156.90 158.00 1.10 11.70 167.30 171.75 4.45 2.24 173.5 177.45 3.95 0.22 180.00 181.55 1.55 4.04 193.20 200.65 7.45 0.44 205.00 208.80 3.80 0.64----------------------------------------------------------------------------(ii)Intervals represent core lengths and not true width
