Canadian junior Creso Exploration (CVE:CXT) (OTCQX:CRXEF) has announced the results of 30 rock chip samples taken from its Downey property in northeast Ontario, averaging 12.01 grams per tonne of gold on an uncut basis.
The property, which is part of the Shining Tree project in Asquith Township, returned a single sample of 266.0 g/t goldbn as the highest, with the second highest sample running 73.6 g/t gold.
The company said that fifteen, or half, of the samples taken have assays higher than 0.10 g/t gold, and occur throughout an area of 60 metres by 120 metres. The area is within a broader zone of mineralization, which has a strike extent of more than 500 metres and width of roughly 100 metres.
A total of 30 samples of quartz veins and host rock were randomly collected at the prospect, of which 23 were taken on the main showing, and averaged 15.65 g/t gold, or 6.01 g/t gold when samples were cut to 60 g/t gold.
The company said the surface sampling will be followed up with a drill and rock-saw channel sampling program, which is also planned for the Moore-MacDonald, Buckingham, and Bennett properties, all in the western half of the Shining Tree District.