CRE 0.00% 5.4¢ crescent gold limited

high grade intersection at laverton

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    Assays confirm visible gold intercept at Bells

    Crescent Gold advises that it has intersected a 16.4m wide zone averaging 12.4 g/t gold in diamond drill hole BED003 at the Bells deposit, located 5kms south of the Company’s Laverton Gold plant.
    This intersection includes 0.19m at 390 g/t gold from a 19cm wide laminated quartz vein with significant visible gold, which the company reported on 31 January 2008. These results are based on fire assays of sawn half NQ core. Samples of the high-grade vein intercept have been submitted for screen fire assay.
    The 16.4 m intersection (157.6 - 174.0m) is located just below the base of oxidation at a depth of 130m and occurs in highly altered chert, carbonaceous shale and massive sulphides of the Barnicoat shear zone. Previous RC drilling has partially defined the mineralised zone which strikes north-south and dips approximately 75° to the east. The high-grade zone is open at depth and further drilling is scheduled to commence in early March to test the extent of this lode and explore for further high-grade shoots within the Barnicoat shear.
    This diamond drill hole was drilled very close to a previous RC hole (BERC013) which yielded an intersection of 11m at 7.1 g/t from 155m.
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