georgia ventures heißt nun creston moly - 500 Beiträge pro Seite

[Happyhypo]

mal nen neuen thread für den fall, dass jemand nach dem neuen namen sucht
neue wkn: a0m540, symbol natürlich noch gleich.

die bohrergebnisse der ersten bohrungen dürften bald draußen sein, bisher läuft alles nach plan.

mal schauen, was die nächsten wochen noch so bringen

[Happyhypo]

SK gestern in can bei 0.50 CAD, umgerechnet rund 36ct.
sieht gut aus...denke, dass der nachhaltige schub über die 0.50 erst mit veröffentlichung der news erfolgt, aber auch das sollte nicht mehr so lange auf sich warten lassen.

rechne spätestens ende november mit ersten zahlen.

[Dantyren]

NEWS RELEASE

PROGRESS REPORT ON THE CRESTON MOLYBDENUM PROJECT
SONORA, MEXICO

December 4, 2007 News Release #19-07
Creston Moly Corp. (“Creston” or the “Company”) (TSX-V: CMS) is pleased to announce the
following update on its Creston Molybdenum project in Sonora, Mexico.
To date, 11 diamond drill holes, comprising 2,650 metres, have been completed on and peripheral to
the “main zone” utilizing HQ diameter core. Highly mineralized intervals have been observed within
the confines of the main zone.
The Company submits samples to ALS Chemex, Hermosillo for preparation, after which pulps are
shipped to their North Vancouver, B.C. lab for analysis. The turn around time for results is now up to
two months due to extremely high sample submission volumes being experienced by the industry as a
whole.
Complete analytical results for the initial six holes of the ongoing drill program are expected shortly.
Further, an additional rig under contract with Layne Drilling of Hermosillo has commenced drilling on
the main zone. Jonathan George, President and CEO states “We are extremely pleased with the
performance and professionalism of Layne Drilling to date, and are fortunate to have secured a second
rig to accelerate our program.”
Over the next few months, the Company will complete an additional 30-40 drill holes within the
Creston main zone with the purpose of upgrading the 43-101 compliant inferred resource of
84,221,000 tonnes grading 0.076% Mo (141. 1 million lbs Mo) to the indicated category which
presently contains 170 million lbs of molybdenum grading 0.083% Mo (molybdenum presently trades
at $33.00 per pound).
Upon completion of the in-fill drill program, Mine Development Associates (MDA) of Reno, Nevada
will undertake a new resource calculation enabling the Company to proceed with a feasibility study for
mine development.
Additional zones outside the main zone are also to be evaluated. The Red Hill Zone, located
approximately 300 metres southwest of the main zone, has been interpreted as the faulted extension of
the main zone, and could add substantial tonnage to the project.
The newly discovered “Alejandra Zone” located 1.5 km northeast of the main zone extends for
approximately 2 kilometres and represents a prime target for exploration.
Negotiations with the Ejido of Opodepe for surface rights covering the Creston Deposit, have gone
exceedingly well with formal approvals expected in early 2008.
2
As part of its ongoing commitment to the people of Opodepe, the Company will assist in establishing
water reservoirs for livestock, maintain & upgrade medical facilities and has recently “adopted” the
community school. Talks with owners of nearby water rights have also been initiated and are ongoing.
Mr. George states “with the exception of slow assay turn around times, every aspect of the Creston
Project is proceeding smoothly. In just six months, we’ve established an excellent rapport with the
community, hiring mostly locals. Two drills are turning 24 hours a day and new molybdenum zones
have been discovered giving this project significant upside potential.”
The Company also wishes to emphasize that it is not aware of any material change in its affairs that
would account for the recent trading activity in its shares.
About Creston Moly Corp.: Creston Moly Corp. is a Canadian mineral exploration company focused
on the development of the El Creston Molybdenum deposit in Sonora, Mexico. The Creston
Molybdenum Project contains the following mineral resources at a 0.035% Mo Cut-off grade:
Category Tonnes Mo% Cu% Mo lbs
millions
Cu lbs
millions
Indicated 92,873,000 0.083 0.060 169.9 122.8
Inferred 84,221,000 0.076 0.050 141.1 92.8
1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The
estimates of mineral resources may be materially affected by environmental, permitting, legal, title,
taxation, sociopolitical, marketing or other relevant issues.
2. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there
has been insufficient exploration to define these inferred resources as an indicated or measured mineral
resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured
mineral resource category.
3. The mineral resources referred to herein have been estimated in an NI 43-101 compliant technical report
(the “P & E Report”) prepared for the Company in March 2007 by independent qualified persons Eugene
Puritch, P. Eng. and Dr. Wayne Ewert, P. Geo. of P&E Mining Consultants Inc. The P & E Report is
available at www.sedar.com.
On behalf of the Board
(Signed) “Jonathan W. George”
President
For further information please contact
Mr. Jonathan George
604-694-0005.
604-684-9365 (FAX)
Website: www.crestonmoly.com