VANCOUVER, BRITISH COLUMBIA–(EMWPresswire – July 15, 2008) – Creston Moly Corp. (“Creston” or the “Company”) (TSX VENTURE:CMS) is pleased to announce the appointment of Mr. Colin K. Benner to its Advisory Board effective immediately.
Mr. Benner is an experienced mining executive and professional mining engineer who has more than 40 years experience in the mining industry and in senior management roles in the Canadian and international mining industry. He is a Member of the Association of Professional Engineers of Ontario, the Canadian Society of Professional Engineers as well as a member of the Association of Professional Engineers and Geoscientists of British Columbia, the Association of Professional Engineers and Geoscientists of Nunavut, the Society of Mining Engineers of the AIME and the Canadian Institute of Mining. Mr. Benner has held a series of senior executive roles in the mining industry and was Vice Chairman and CEO of EuroZinc Mining Corporation as well as Lundin Mining Corp. and has also served on a number of public company boards in the mining industry in Canada. He currently sits on the Boards of Major Drilling Group International Inc., Tahera Diamond Corp., Lundin Mining Corporation, Troon Ventures and is Chairman of PBS Coals Corp. He is currently Vice Chairman and CEO of Skye Resources.
Mr. Jonathan George, President of Creston stated, “Creston is very pleased to be able to add Colin Benner to its Advisory Board. The many years of experience possessed by Colin, his expertise and his extensive contacts in the mining community, will be invaluable as Creston moves forward with the fast track development of the El Creston Molybdenum Deposit in Sonora, Mexico.”
About Creston Moly Corp.
Creston Moly Corp. is a Canadian mineral exploration company focused on the development of the El Creston Molybdenum deposit located 135 kilometres north-east of Hermosillo, Sonora State, Mexico, near the village of Opodepe. The El Creston Molybdenum Project contains the following mineral resources at a 0.035% Mo Cut-off grade:
Category Tonnes Mo% Cu% Mo lbs Cu lbs
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
3. The mineral resources referred to herein have been estimated in an
NI 43-101 technical report (the "P & E Report") prepared for the
Company in January 2008 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.
Luca Riccio, PhD, P. Geo, a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information contained in this News Release.
On behalf of the Board
Jonathan W. George, President
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government, and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues, and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance, or achievements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
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