Creston Moly Reports Major Increase in Resources and Reduced Stripping Ratio at El Creston Molybdenum Deposit

Creston Moly Corp. (TSXV:CMS) reports that resources for the El Creston molybdenum deposit located in Sonora State, Mexico have been increased.

The press release is quoted as saying:

The Resource Estimate, completed by SRK Consulting (Canada) Inc. (“SRK”) is an update from the 2009 Pre-Feasibility Study (“PFS”) undertaken by M3 Engineering & Technology Corporation of Tucson, Arizona (“M3″), and incorporates the results of the 2010 drill program reported before September 27th, 2010. Results of the final sixteen holes drilled, were not used in the calculation of this Resource, but will subsequently be used in future estimates.

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