observes gold.....

Crescent observes gold intercept at Bells
11:34, Thursday, 31 January 2008

Sydney - Thursday - January 31: (RWE Australian Business News) -
Crescent Gold Ltd (ASX:CRE) has observed visible, high-grade gold in
diamond drill core from the Bells deposit, located 5km south of the
company's Laverton gold plant.
Diamond drillhole BED003 intersected 15m (from 157.9m) of highly
altered chert, carbonaceous shale and massive sulphides, including a
zone of laminated quartz with significant visible gold.
Core samples are being prepared for analysis.
The hole was designed to provide structurally orientated core
samples from a high-grade zone previously defined by Crescent using RC
drilling.
The mineralisation at Bells closely resembles ore mined at Ida
H, located 2km to the south along the Barnicoat shear zone.
Previous production at Ida H totalled 180,000 oz at 22.8g/t.
The zone is open at depth and further drilling is being planned.