I checked out the EEL thread a moment ago.
Also in Bolivia I see. I haven't looked at their
news and filings as of yet. Do you see any
similarities with these 2 companies? I would like
to hear your input.
The Bolivian Ministry of Mines has stated this.
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.
If the Ministry of Mines can make a statement like that then I can live with it.
Check it out.
EAGLECREST UPDATE.
****NEWS RELEASE****
Trading Symbol VSE: EEL
Webb site - http:www.canvest.com/eaglecrest
12g # 82-603
February 20, 1998
Eaglecrest Explorations Ltd. has engaged the services of Select
Capital
Advisors Inc. to raise the necessary financing for Eaglecrest's
exploration
program through a series of financings totaling $2,000,000.00 for
1998,
following a successful due diligence period.
Select Capital Advisors Inc., through its 32 worldwide affiliated
offices
successfully raised US$493,000,000.00 for the fiscal year ending
1996. By
combining the talents of this network, Select Capital will provide
complete
financial and management services to Eaglecrest on an as needed
basis.
The proceeds from this financing will be allocated for trenching,
approximately 10,000 feet of drilling and further bulk sampling on
Eaglecrest's San Simon project in N. E. Bolivia anticipated to start
in the
spring, as well as, for general working capital. Finders fees are
payable
in accordance with the policies of the Vancouver Stock Exchange. The
proposed financing is subject to regulatory approval. The securities
offered in connection with this private placement have not been and
will
not be registered under the United States Securities Act of 1933 and
may
not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
The Company is pleased to announce it has entered into an employment
agreement with Andrew Hunter of Vancouver, British Columbia, to
provide
investor relations services for the Company.
The settlement of $280,082 of debt by issuance of 933,607 common
shares at
a deemed price of $0.30 per share announced on January 30, 1998 has
been
completed.
On Behalf of the Board of Directors
Victor Lahmer, President
The following is a copy of the e-mail which is being broadcast by
StockHouse.
===========
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 upon
request)
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.
Eaglecrest Explorations,
Victor Lahmer, President
Extensive experience and a proven track record in the United States
and
Canadian public markets, with focus on emerging growth companies. He
has been an integral part of turning these companies into
multi-million
dollar companies. In 1990 Mr. Lahmer was successful in establishing
Crystallex International in Kilometer 88 Venezuela, the first
producing
gold
mine in the region. Mr. Lahmer 's current goal is to turn the
Eaglecrest's
San Simon project into possibly the largest gold mine in Bolivia.
For more information, contact Tom Brady:
Fax: 604-682-2922
Tel: 604-682-1555
Canada & U. S. Toll Free: 800-776-6557
email: eaglecrest@canvest.com
WWW Site: canvest.com
England 800 96 7719
Costa Rica 0800 0150 033
*********************************************************
The information presented herein is for information purposes only.
No stock exchange has approved or disapproved of information
contained
herein. This does not constitute an offer to buy or sell securities
or
solicitation of offers to purchase securities. Past performance
cannot
be relied upon as a guide to future performance.
*********************************************************
*********************************************************
This bulletin is sponsored by the company and/or another party and
has been sent to you for no charge. This is a service provided by
StockHouse to public companies so they can disseminate recent
significant developments, which potentially can affect their share
price. This is not an offer to buy and sell any security which can
only be made through a registered representative. StockHouse makes
no warrantees as to the accuracy or completeness of the above
information.
Visit StockHouse Online Journal at stockhouse.com
*********************************************************
************************************************************************
Eaglecrest Explorations Ltd. Gold Mining Operations in South America
mailto: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
Costa Rica 0800 0150 033
canvest.com News & Corporate Information
************************************************************************
The information presented herein is for information purposes only.
No stock exchange has approved or disapproved of information
contained
herein. This does not constitute an offer to buy or sell securities
or
solicitation of offers to purchase securities. Past performance
cannot
be relied upon as a guide to future performance.
********************
Mr Metals.
PS. I don't care how much it rains in Bolivia. If U have that much gold(100,000,000 oz?????)there's NO-WAY in the world a stock would trade at 6c. Maybe we should buy the company. |
