A method and system for measuring formation resisitivity is achieved by introducing one or more continuous phase modulated electrical signals into the formation, each signal introduced at a different location. The current of each introduced electrical signal is then sensed, producing an analog voltage signal as a measurement of the formation. Each introduced electrical signal is compared with its respective measured signal of the formation. Each comparison is made in a quadrature demodulation device, producing an in-phase demodulated signal. A quasi-direct-current signal is extracted from each in-phase demodulated signal, producing an analog measurement related to the resistivity of the formation. Each analog measurement is converted into a digital value for further processing. Successive measurements are digitally summed and averaged to increase the signal to noise ratio.