~~~~~NEWS RELEASE~~~~~~~~
I think it's funny that they found gold in the samples to be used as field blanks........
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Eaglecrest San Simon bulk sample results
Eaglecrest Explorations Ltd EEL
Shares issued 14,923,922 Sep 8 close $0.46
Fri 10 Sept 99 News Release
Mr. Gary Cope reports
Eaglecrest Explorations has received encouraging results from the first of
a planned series of bulk samples from its San Simon gold project in
Bolivia.
A total of 18.6 grams of gold was recovered from samples taken from within
the Paititi pit and processed through an independently operated on-site
mill. The bulk samples comprised four separate two-tonne charges obtained
over a horizontal distance of 200 metres. The four near-surface samples
recovered an average 2.33 grams per tonne gold without allowances for
actual mill recoveries. Results of head samples taken from the first three
of the four bulk samples have now been received. Total metallic screen and
fire assays averaged 3.89 grams per tonne. This equates to a preliminary
mill recovery of 60 per cent. Tail sample results have not yet been
received. All analysis was completed by ITS Bondar-Clegg in its Oruro,
Bolivia, laboratory.
Weight of Recovered Recovered
bulk gold gold/tonne
samples
1 2.0 tonnes 2.10 grams 1.05 grams
2 2.0 tonnes 2.97 grams 1.49 grams
3 2.0 tonnes 4.67 grams 2.34 grams
6 2.0 tonnes 8.86 grams 4.43 grams
Eaglecrest also has processed two one-tonne samples (bulk samples No. 4 and
No. 5) from presumed barren quartzite, outcrops located approximately one
kilometre northwest of the Paititi pit. This site was selected as an area
to obtain unmineralized samples to be inserted as field blanks as part of
the company's quality control program. The two samples yielded recovered
gold values of 0.59 of a gram and 0.66 of a gram per tonne, despite the
fact that eight earlier one-kilogram metallic sieve analyses and 12
conventional fire assays returned negligible gold values. Head and tail
sample results are pending. These results tend to confirm that large
samples are required to obtain representative gold values.
All bulk sampling was supervised by independent consultants and meticulous
care was taken in sample collection, preparation and processing. Material
is being processed through a small one-tonne-per-hour on-site mill
sponsored by a Swiss company in co-operation with the Bolivian government.
The mill is designed to demonstrate to artisanal miners that an
environmentally friendly alternative exists to the use of mercury for gold
recovery. Full details on sample handling, mill processing and cleaning are
available at the Eaglecrest Web site: www.manexresourcegroup.com.
A 2,500-metre diamond drill program has begun to test a near-surface bulk
tonnage gold target which extends westward for three kilometres from the
Paititi pit. The anomalous zone, based on extensive soil, laterite and
saprolite sampling, varies from 50 to 250 metres in width and is open to
the west. A VLF and induced polarization anomaly are coincident with the
zone of anomalous gold values. Two holes have been completed in the Paititi
pit area, while three others had to be abandoned in the mineralized zone
because of bad ground and equipment difficulties. The rig has been removed
temporarily from the Paititi grid to line 20, approximately 1.5 kilometres
west along the three-kilometre mineralized trend. Testing in the pit area
will resume following arrival of additional drilling equipment.
The company is highly encouraged by both the recovered gold from the bulk
samples and the head grade assay results to date. The ability to process
bulk samples through an independent on-site mill is particularly useful,
especially with independent consultants supervising every aspect of the
operation. The results clearly demonstrate that larger samples provide a
more accurate representation of the gold values in the project area.
In addition to the current drill program, Eaglecrest plans to expand the
scope and the size of the bulk sampling. The company plans to test along
the existing grid area involving additional bulk sampling of laterite,
saprolite and the presumed barren quartzite, as well as further Paititi pit
sampling.
The company also plans to process a number of bulk samples from
conglomerate horizons that are intermittently exposed over a distance of 15
to 20 kilometres.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |
