I loaded up at 15-16c because I believe EEL could be on to something huge. I still have this bookmarked...
EAGLECREST EXPLORATIONS LTD. MAKES SIGNIFICANT GOLD
DISCOVERY IN SOUTH AMERICA....POSSIBLY THE LARGEST GOLD FIND IN SOUTH AMERICA? On January 16 the Bolivian Ministry of Mines and it's regional division have officially acknowledged the Company's San Simon gold project, located in northeastern Bolivia, (along with Battle Mountain, Comsur, Vista Gold and Gencore) as one of the most SIGNIFICANT discoveries in this South American country.
Eaglecrest Explorations Ltd. has successfully advanced it's 100% optioned,52,000 Acre, San Simon gold discovery, located in N.E. Bolivia. Eaglecrest is a gold exploration company, with solid business and engineering management, active in the San Simon since 1994.Currently, Eaglecrest is actively exploring and testing potential gold bearing targets. This is the fourth phase of advanced exploration involving geophysical surveys, surface trenching, bulk sampling and diamond drilling. This program continues to reveal consistently elevated gold values on two of fifteen identified exploration targets. One target, known as the Paititi
Structure, has shown drilling results to date on the Paititi Pit area on the eastern side of the Paititi structure returning gold grades ranging from 0.45 g/t to 4.4 g/t, over economical intersections of up to 102 ft., in quartz stockworks and brecciated zones.
Diamond drilling has explored a footprint of 200 X 300 meters of the total strike length of 7,000 meters, with a width of 300 meters. The Paititi structure represents an enriched supergene zone overlying a large mesothermal shear-related structure. The Paititi structure is open to depth and along strike.At second target, known as the Trinidad concession, a quartz stockwork vein system 8Km west of the Paititi Pit, geophysical testing drilling has traced the system along 400 meters of the total strike length of 5000 meters.
This zone remains open to length and to depth. 25 drill holes have been completed to date indicating 2 mineralized zones close to surface with assays ranging from 0.459 g/t to 17.32 g/t over economical intersections of up to 110 feet. Previous surface sampling have returned values of 27.0g/t.
Some Significant results from the Trinidad Zone Diamond Drilling Program:
Hole No. From(ft)
To(ft) Width(ft) Gold oz/t Gold grams/t
96TRD-001 87.6 198.5 110.9 0.113 3.87
including 118.4 198.5 80.1 0.153 5.25
including 160.1 198.5 38.4 0.310 10.7
including 160.1 183.7 23.6 0.505 17.32
96TRD-002 140.0 202.4 62.4 0.078 2.68
including 164.4 202.4 38.0 0.126 4.32
including 164.4 181.1 16.7 0.275 9.45
96TRD-011 0.0 140.9 140.9 0.060 1.81
including 0.0 106.6 106.6 0.087 2.05
including 60.0 134.8 74.8 0.096 3.30
including 22.9 92.5 69.6 0.049 1.69
including 63.3 106.6 43.3 0.151 5.16
including 76.4 106.6 30.2 0.201 6.89
96-TRD-012 0.0 154.9 154.9 0.044 1.53
including 40.0 154.9 114.7 0.060 2.05
including 40.0 109.9 69.9 0.092 3.18
including 69.9 109.9 40.0 0.158 5.43
including 74.1 100.0 25.9 0.238 8.16
96-TRD-018 0.0 110.0 110.0 0.019 0.66
including 33.0 61.0 28.0 0.063 2.15
including 40.0 61.0 21.0 0.080 2.73
96-TRD-019 45.0 135.0 90.0 0.021 0.72
including 65.0 85.0 20.0 0.089 3.06
including 70.0 80.0 10.0 0.169 5.79
also 180.0 190.0 10.0 0.022 0.76
(All drill hole assay results are available from the company uponrequest) Proceeds from a soon to be completed financing will enable Eaglecrest to conduct a large bulk sampling program and reverse circulation drilling program on the Trinidad concession this Spring and Summer. All fifteen-drill targets discovered to date will be drilled and explored in a progressive manner. Several senior mining companies have expressed interest in participating in the development of the San Simon gold discovery following numerous site visits and property examinations.
Eaglecrest intends to bring the San Simon gold discovery to the
pre-feasibility stage and anticipates being able to deliver a preliminary resource calculation based on the most recent drilling program in the near future. The San Simon gold camp is gaining world-wide recognition as having excellent potential to host several multi-million ounce gold deposits. Eaglecrest is in receipt of an independent research report prepared by a recognized geological/mining investment firm, Loeb Aron & Company Ltd.
based in London. A copy of this report is available directly from
Eaglecrest upon request.
Contact Gary Cope at 604-684-9384
Mr Metals |
