Eaglecrest Explorations Message Board

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Gold/Mining/Energy : Eaglecrest Explorations

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To: Doug Heuring who wrote (55)	12/12/1996 6:48:00 PM
From: mike paventi	of 639

Doug, a press release is being prepared, and should be available A.S.A.P. In the release there will be: a re-calculation of holes 5 and 6 from the Trindad, holes 7, 8, 9, and a partial 10. All drilling is complete (for this year), and a steady stream of assays will be reported as they become available. The re-assayed holes, ie. 5 & 6 have been released in the Phase III report (which I have read). TRD-005 21.9m @1.27 g/t Au incl. 9.10m @2.99 g/t. TRD-006 21.2m @1.69 g/t Au incl. 8.90m @3.67 g/t. To find out the reason for the delay read my previous posts. I personally think the stock is undervalued, but the reasons for this aren't too hard to figure out. 1- Year end/tax selling. 2- Low gold prices. 3- Unproven claims (hype) which made investors exit the stock months ago. 4- Painfully slow news distribution. 5- ..... After the results of the current program are released, a resource estimate (350 meter of the 1500 meter Trinidad vein) will be proven. This will allow investors to better evaluate the stock price. I can probably estimate a lower end value of $2.50 for this stock (near future). Quinto

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