Hi Folks.. Here is todays press release from EEL. Now, it might appear that EEL is delaying their results again, however, I spoke to Tom Brady today and he told me that in fact they have a recalculation for holes 5 and 6 and assays results on 7 & 8 in their office. They have decided to batch their results with holes 9,10 & 11 instead. These holes are due later this week. What does the all mean?? Well, they figure it would be alot less work for them to do it this way and we would have a much better picture of what the ore body looks like on their property. Tom also told me that for now on results are going to be much faster. Possibility a 24hr turn around on assays results for their cores because they have hired a new lab in Vancouver where all drill cores are now being sent. As you all can see below in the press release they are now up to hole no. 18, so we will be treated with many more results in a very short period of time. It looks like our Christmas wishes have been answered. Merry Christmas everyone...
GO EEL GO EEL GO GO ALL THE WAY...
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>Trading Symbol VSE: EEL
>12g # 82-603
>December 4, 1996
>NEWS RELEASE
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>Eaglecrest Explorations is pleased to announce that their 1996 fall exploration program on their San Simon gold project, located in Northeastern Boliva, is proceeding as scheduled.
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>To date Eaglecrest has completed an additional 12 kilometres of Induced Polarization over the Trinidad and La Rosa Stockwork Zones, and completed 18 drill holes of a 23 - 25 drill hole program on the Trinidad Vein and surrounding La Rosa Stockwork system.
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>Induced Polarization completed by Geoterrex of Ottawa, has further outlined the Trinidad Vein system to the east and west along strike, and now has a confirmed strike length of 1500 metres, an increase of 500 metres. Presently drilling of this structure has been concentrated on 350 metres of the Trinidad structure only.
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>Of the 18 drill holes drilled to date, 16 drill holes have encountered quartz stockworking, quartz veining, and associated mineralization. The first batch of drill results representing holes 96TRD-007 through 96TRD-011 will be forthcoming shortly.
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>Currently, drill hole data is being digitized for a preliminary resource calculation on the Trinidad and La Rosa Stockwork systems.
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>At present, Eaglecrest is putting out to tender contracts for a minimum 10,000 tonne underground bulk sampling program on the Trinidad showing and is taking bids to custom mill a 10,000 tonne surface bulk sample from the La Rosa Showing
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>Eaglecrest is pleased to announce that it has completed its previously announced private placement of 159,000 units at $2.13 per Unit, each Unit consisting of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share in the capital of the Company at the price of $2.13 per share for a period of one year commencing September 26, 1996 and thereafter at the price of $2.45 per share for a period of one year commencing September 26, 1997.
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>On behalf of the Board of Directors
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>Victor Lahmer, President
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>The information presented herein is for information purposes only. It is not an offer to buy or sell securities referred to herein. The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
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>Eaglecrest Explorations Ltd. Gold Mining Operations in South America
>email: eaglecrest@canvest.com Info : Tom Brady Vancouver, BC, Canada
>tel 604 682 1555 fax 604 682 2922
>Contact the Company Toll Free at:
>Canada/USA 800 776 6557 England 800 96 7719
>Singapore 800 1011 0141 Brazil 000 815 8863 2910
>Hong Kong 800 2740 Switzerland 155 0836
>Germany 0130 826 932 France 0590 7020
>Costa Rica 0800 0150 033
>http://www.canvest.com/eaglecrest/ News & Corporate Information
>The above information is neither an offering of securities nor a
>solicitation to purchase or sell securities.
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