Crescent Resources Commences 4,000 Metre Diamond Drill Program at Matupa Gold Project, Brazil.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Crescent Resources Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CRC (Cyclical Redundancy Checking) An error checking technique used to ensure the accuracy of transmitting digital data. The transmitted messages are divided into predetermined lengths which, used as dividends, are divided by a fixed divisor. ) is pleased to announce that an initial 4,000 metre diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program is underway at the Company's Matupa Gold Project in Brazil. Boart Longyear Geoserv of Brazil is the drill operator and drill core will be shipped to Lakefield Geosol Laboratories in Belo Horizonte Belo Horizonte (bəl'  rēzôN`tĭ) [Port.,=beautiful horizon], city (1996 pop. 2,091,770), capital of Minas Gerais state, E Brazil. , Minas Gerias, Brazil for sample preparation and assay. Assay results will be released as available. Crescent has an option to purchase 100% of the Matupa Gold Project as outlined in the Company's March 17, 2005 news release. The Matupa Gold Project was previously explored by Rio Tinto and Western Mining in the late 1990's resulting in a conceptual resource estimate based on drill results from one small area of the project where they found wide zones of disseminated gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. close to surface. The current drill program is designed to verify some of the better Rio Tinto drill intercepts (e.g. 62.05m @ 1.61 g/t gold; 49.54m @ 1.24 g/t gold and 19.2m @ 2.13 g/t gold) as well as to test other drill targets on the property, particularly in the areas where there are several large garimpo open pits, with an objective of increasing defined gold mineralization. The Matupa Gold Property has excellent infrastructure and a year round operating climate. The Matupa Gold Project covers approximately 6,000 hectares in northern Mato Grosso State. It is located about 250 kilometres south of BrazMin's Sao Jorge exploration gold project (also previously explored by Rio Tinto in the 1990's) and Brazauro Resources Tocantinzinho in the Tapajos District of Para State. Government records show that the northern Mato Grasso State area is estimated to have produced approximately 5 million ounces of gold between 1982 and 1995. The majority of this production was from shallow surface working by artisanal miners (garimpos). Crescent is a mineral exploration and development company with a defined growth strategy of adding value through discovery and rapid project advancement through exploration. Crescent is currently focused on the exploration of the Matupa Gold Project in Mato Grosso State, Brazil and the Boulder Lake Uranium Project in northern Manitoba. These projects were acquired based on management's belief that they have the potential for further discovery and growth. The Company has 16.7 million shares common shares outstanding and is well funded to conduct the planned exploration programs. Michael J. Hopley, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Crescent, is the Qualified Person, as defined in NI 43-101, and is responsible for the preparation of the information contained in this news release. CRESCENT RESOURCES CORP. Michael Hopley, President and Chief Executive Officer WARNING: The Company relies on litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for "forward-looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the content of this News Re lease. Crescent Resources Corp. (TSX VENTURE:CRC) |
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