Exploration/Development activities at the El Creston Molybdenum Deposit, Sonora, Mexico
The Company has now completed its infill drill program on the Main Zone of the El Creston Deposit. The
program consisted of 52 diamond drill holes totalling 15,646 metres, and was designed to upgrade inferred
resources to the indicated category. The infill drill program originally contemplated a 40 hole program, but
was augmented to investigate previously unidentified mineralized areas, especially along the northern and
eastern sectors of the deposit. A new resource calculation will be undertaken by Mine Development Associates (MDA) of Reno, Nevada
and it is expected to be completed by September 2008.
Drilling, utilizing one diamond drill rig, has now commenced on the Red Hill Zone located approximately
300 metres southwest of the Main Zone. The Red Hill Zone has been interpreted as a possible faulted
extension of the Main Zone, and will be tested initially by 10 widely spaced diamond drill holes to an
average depth of 200 metres.
The drill program at El Creston is being supervised by Fabrizio Colombo, PhD, P. Geo.
At the newly discovered Alejandra Zone, situated two kilometres northeast of the Main Zone, a program of
detailed mapping and sampling is underway in preparation for future drill testing. Numerous molybdenum
bearing outcrops have been discovered on the northeast flank of the Alejandra Zone.
FACT: THIS DEPOSIT IS HUGE. This is the best risk/reward stock on the exchange. OK, we have the credit crisis right now and it will take perhaps 3-4 years to wash the markets. This will be the time, to get creston into production.
This is one of those stocks that can make a millionaire. Buy now at 0,30 Can$ and sell it in 3-4 years at perhaps 10 $. Don't forget that this deposit is huge, and so it is very underexplored. The next resource estimate will be in 2009 q1 i think (including the red hill zone). This could add 100Mio lb moly to the known resource (let's hope we have at least 250 Mio lb indicated in september).
The alejandra zone could be the blue sky zone, cause it is 2km far away from the main zone....
So guys, be calm.
I would like to see 1$ tomorrow because i need the money now...but exploration is not a 1-year business....
In long term we will all be big winners, but at the moment i am frustrated, too.