Creston Moly Announces Preliminary Economic Assessment

Creston Moly Corp (TSXV:CMS) announced that the complete NI 43-101 Preliminary Economic Assessmentprepared by JDS Energy & Mining Inc. has been filed on SEDAR , as well as on their website  www.crestonmoly.com.

The press release is quoted as saying:

The metal prices for the base case are $15.00 per pound for molybdenum and $2.60 per pound for copper. As of December 2010 the historic 3-year trailing average prices for molybdenum and copper were $19.54 per pound and $2.95 per pound respectively. Current prices for molybdenum and copper are $16.15 per pound and $4.11 per pound respectively

To access the full release, click here.