Creso Exploration intersects 65.7 meters of 18.2 g/t g and 79.6 meters of 4.61 g/t Gold in Hole #2 on the Minto Project.
The Minto showing consists of a pod of carbonate sulphide breccias containing an estimated tonnage of 225,000 tons (204,000 t) grading 0.2 oz per t (6.8 g/t) Au to a vertical depth of 225m as determined and reported in 1984. Gold is related to pyrite and quartz veining trending north south and northeast southwest.
From surface geology the upper zone presents a true width of 30 meters. The bottom zone is new and no true width has been determined yet. According to JVX Ltd, the down‐hole geophysical interpretation completed on the Minto property, indicates that the mineralized body extends in a north‐west/south‐east direction at a depth of 50 to 170 meters and is open at depth. The Corporation will drill a step‐out hole for the purpose of further defining the location of the body using more down‐hole geophysics.
In May 2010, Borehole Induced Polarization (BHIP) surveys were done on the Tyranite and Minto properties. Results from the Tyranite hole are not yet available. 3D conductivity and chargeability models from boreholes gradient IP data have been calculated for holes M‐0901 and M‐0902 on the Minto property.
The Corporation has completed down‐hole geophysical testing on the MacMurchy property and intersected 7.4% nickel and 2 g/t platinum and palladium over one meter in hole D6‐07 confirming the nickel potential of the area. The MacMurchy property is located in the southwest corner of the MacMurchy Township some 10 km SSW of the Minto property.
The Corporation is currently evaluating bids for an agreement for a 200‐kilometer low level airborne (Mag, VLFEM, and radiometric) geophysical survey to cover the Minto, Tyranite and Duggan zone on a 30‐metre spacing in order to define geological structures and mineralized zones. Upon completion of the geophysical survey, the Corporation will undertake a 5000‐meter drill program on the Minto, Tyranite and Duggan properties.
The 3D conductivity model represented by an iso-surface value of 0.005 S/m shows three conductive features. The first conductive feature is at shallow depth and is strong in the west direction as well as in the east direction. The second conductive feature is disseminated in the middle while the third conductive feature is at depth and to the southeast.
The 3D chageability model shows three chargeable features. The third chargeable feature (northwest – southeast) at depth is strongest. The second and third inversion shells correlate with the gold mineralization.