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Crest Minerals kicks off Eastern Goldfields drilling program  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 05/12/2012

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(MENAFN - ProactiveInvestors - Australia) Crest Minerals (ASX: CTT) will use a reverse circulation drilling program at the Majestic North Gold Project to follow-up discoveries from an air-core drilling program, which included 11 metres at 1.495g/t gold, including 2 metres at 6.56g/t gold.

The new program will include 24 holes to around 150 metres covering a total of 3600 metres, which will reach into bedrock or fresh rock from about 50 metres.

The breakdown of the drilling includes nine holes in a supergene zone on the western side of the project, 12 holes in the central and three holes in the central west region of the tenement area.

Results from the program are expected to start to flow though in January, after which the company plans to schedule a follow up reverse circulation campaign.

The Majestic North Gold Project is located in the highly prospective Mt Monger region of Western Australia, which hosts numerous gold discoveries including Integra Mining's (ASX: IGR) Majestic and Imperial discoveries immediately south of Crest's tenements.

The importance of the proximity to Integra's discoveries is that it provides Crest with regional data which will help in the planning of exploration programs.

Crest had 2.4 million in cash at the end of September 2012.

 






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