Expansion Continues At Paititi-Buriti, San Simon Project

 

VANCOUVER - Eaglecrest Explorations Ltd. reported report the expansion of surface high-grade gold zones at the Buriti gold target at the San Simon

project in Northeastern Bolivia. Rock chip assay results from samples in this zone varied from below detection to 10.85 grams per tonne gold. Fifteen samples had results greater than 0.5 grams per tonne gold with eight samples returning greater than 1 gram per tonne gold.

The Buriti zone is at the west end of the east-west Paititi to Buriti trend. From the high-grade zone that was sampled - new surface mapping and sampling has extended the Buriti zone 300-metres to the north, making the zone at least

300-metres wide. Similarly, the Paititi zone, on the east end of the same trend, is at least 200-metres wide where artisanal miners over the past 20 years have exposed gold-bearing mineralization in a small open pit.

ÒThese high-grade gold results continue to expand the surface expression of the Buriti stockwork-vein gold mineralization, commented EaglecrestÕs President Hans Rasmussen. ÒWhile the goldmineralized zone remains open to the west, these new results demonstrate there is at least seven kilometres of gold mineralization that extends from Paititi westward to Buriti. Our ground crews

continue to work on evaluating this zone  every new trench and rock chip sample continues to strengthen our belief that we are over a large mineralized zone; perhaps the best in the San Simon district for a future open-pit gold resource. Ultimately, the mapping and sampling from outcrop and trench exposures will be used to prioritize multiple zones along this Paititi-Buriti trend for drilling once adequate funds are secured later this year.

As part of the on-going district-wide exploration program a total of 268 surface rock chip samples were collected in early 2009. Of these, 160 were collected along the mineralization trend that extends from the Paititi pit westward to an area of outcropping mineralization called Buriti. Based on these new results, as well as samples collected east of Paititi, the zone now has about seven kilometres of strike length east-west. More significant, zones of alteration-mineralization within the trend near Buriti are now know to be up to 300-metres

wide as announced above, based on surface rock chip, trench and soil sample data. More trenching and rock chip sampling is necessary along the zone as there may be additional wide, mineralized zones that will be significant drill targets.

The Paititi-Buriti zone was given highest priority for follow-up because of its proximity to the Company's existing infrastructure, and it has the strongest, most contiguous gold-arsenic geochemistry in the 2007 soil data set. Paititi-Buriti soil sample assay results ranged from below detection to 1.57 grams/tonne gold.