Eaglecrest Prepares Drilling Plans, Extends Surface Gold

 

 

VANCOUVER, BC - Eaglecrest Explorations Ltd. reported the expansion of the surface high-grade gold zone at the Buriti area of the San Simon project in Northeastern Bolivia. Ground crews have now extended the area of anomalous gold and gold-mineralized rock at Buriti to approximately 1,000 metres by 2,500 metres, elongated east-west. A total of 119 additional surface rock chip samples were collected and analyzed - they were focused on sampling mineralized rock that has been exposed in trenches and pits in and around the Buriti prospect. Of these, 19 of the samples had results greater than 1 gram per tonne gold. Assay results from surface rock chip and channel samples in this sample set varied from below detection to 28.1 grams per tonne gold. The most promising zone is between the east-west trending faults that lie north and south of the mineralized areas.

"The Buriti zone continues to expand as we dedicate more time to mapping and sampling between the Buriti and Paititi areas," reports Eaglecrest's President Hans Rasmussen. "These new results also validate our focus on our district-wide data compilation, mapping and sampling program. Trenching is currently underway in an effort to better expose and map the extent of gold mineralization between Buriti and Paititi. The trenching program is also focused on locating areas of disseminated gold mineralization between the high-grade gold structures that we are finding. All of these steps will enable us to better position our drilling efforts, which we anticipate resuming once funding is achieved in early 2010."

As part of the on-going district-wide exploration program (described in the Company's October 20, 2008 news release) the ground teams started a systematic, district-wide program of mapping and data compilation from old reports that existed in our files. The Paititi-Buriti zone was given highest priority because it has the strongest, most contiguous gold-arsenic geochemistry in the 2007 soil data set (refer to news release dated July 9, 2007) and its proximity to the Company's existing infrastructure. Paititi-Buriti soil sample assay results ranged from below detection to 1.57 grams/tonne gold.

The Buriti zone is at the west end of the east-west Paititi-San Francisco-Buriti trend (see www.eaglecrestexplorations.com/Paititi-Buriti_June2009.pdf). The high-grade gold zone at Buriti was initially sampled and announced in our January 14, 2009 news release. And, as announced in a June 8th news release, surface sampling has extended the Paititi-San Francisco-Buriti trend to seven kilometres length.

The company’s address is 1055 West Hastings Street, Suite 300, Vancouver, BC V6E 2E9, 604-684-7160, fax: 604-684-7162, email: [email protected].