Thursday, July 22, 2010

Creso jumps 31% in last hour of trading

If the last hour of trading hasn't gotten you excited about Creso, I am not sure what will. This stock has the potential to fly in a moments notice. It was trading at .45 after yesterday's sell-off on the news that the majority of investors didn't understand all day today and spiked .17 to .62 before settling at .59, a 31% increase in an hour.

I couldn't stress yesterday that the partial assay was just partial and meant as a teaser that astute investors could extrapolate over the entire core, which may be as big as 100m grading around 5g/t gold. This represents an entirely new zone! Add that 4 different sections of visible gold and you really do have something to chirp about.

With a 5000m drill program underway there will be lots of impending excitement about CXT if these initial results deliver and I am confident they will. With this deposit type the gold is widely disseminated with the pyrite so if the pyrite is there consistently then the gold should be there as well.

Read the Creso NR here

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