Creso Exploration Inc. (CXT:CA)

The expression "as rich as Croesus" comes from the legendary wealth of the King Creso (Croesus) who reigned from 560 to 546 BC over Lydia in western Asia Minor.  Gold from the mines and sans of the Pactolus River filled his coffers to overflowing.
Creso Exploration Inc.'s (TSX-V: CXT) 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.

Shining Tree

Shining Tree Project consist of two non-contiguous leased, patented and unpatented mineral claim groups including the Duggan, the Tyranite and Minto, and Burda claim groups. The three properties are located in northern Ontario near the village of Shining Tree, in the Larder Mining Division, District of Sudbury, Ontario. The properties lie within the south-west part of the Abitibi Greestone belt (Figure 1) bordering on Proterozoic sediments of the Cobalt Embayment. The Abitibi greenstone belt is prospective for a number of mineral deposit types including mesothermal lode gold deposits, volcanogenic massive base metal suphide deposits and layered magmatic sulphide (Ni) deposits. Click here for more information.

Duggan

Diamond drilling by Creso in 2007 and 2009 has confirmed historic results on the properties and extended the Duggan zone north and south for 700 metres. The drilling has also indicated several new zones and the association of anomalous gold and potash (K2O) enrichment. Further, the association of anomalous Ni with values up to 2700 ppm has been recognized within ultramafic rock units. Of particular interest, historical drill hole # 97-225 indicated a gold zone with sporadic high gold sections over 76 metres and averaging 1.5 g/t. Hole D3-07 showed a quartz/syenite breccia zone with abundant disseminated sulphide and an intersection of 2.9 g/t over 30m, and Hole D9-07 intersected the same zone over 93m with an average of 0.87 g/t, 220 metres north of hole D3-07. Click here for more information.

Minto

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 by Duncan Gold Resources, (White 2007) **.  Gold is related to pyrite and quartz veining trending north south and northeast southwest. Click here for more information.

Chisay-Oxec

The Chisay-Oxec licence (option to purchase) includes the old working of the Oxec copper mine, which was operated by Transmetales (Basic Resources Inc.), a subsidiary of Anglo-American, from 1974 to 1978, and produced about 600,000 tonnes of ore with an average grade close to 3% Cu from an underground mine and from an open pit.  The ore is shaped as lenses that can measure up to 20 m thick and 100 meters long with grades greater than 5% Cu.  Smaller lenses are reported to grade close to 20% Cu. Click here for more information.