Eaglecrest Samples 49.5 Grams Per Tonne Gold on Surface at the Buriti Gold Zone, San Simon Project, Bolivia

  • Press Release
  • Source: Eaglecrest Explorations Ltd.
  • On Wednesday September 9, 2009

VANCOUVER, BRITISH COLUMBIA–(Marketwire – 09/09/09) – Eaglecrest Explorations Ltd. (“Eaglecrest”; the “Company”) (TSX-V:EELNews)(Frankfurt:EATNews) is pleased to report the expansion of surface high-grade gold zones 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 about 600 metres by 1,500 metres, elongated east-west. Assay results from surface rock chip and channel samples in this zone varied from below detection to 49.5 grams per tonne gold. Twelve of the samples had results greater than 0.5 grams per tonne gold with nine samples returning greater than 1 gram per tonne gold. A total of 207 surface rock chip samples were collected over the past three months, focused on sampling mineralized rock that has been exposed in trenches and pits in and around the Buriti prospect. The most promising zone is between the east-west trending faults that lie north and south of the mineralized areas (see www.eaglecrestexplorations.com/news/EEL-Sep09-Buriti.pdf).

“It is rare to have such a large area with this much gold mineralization – and most of the gold is easily accessible,” reports Eaglecrest’s President Hans Rasmussen. “Our geologic knowledge continues to grow along the seven-kilometre, gold-rich Paititi-San Francisco-Buriti trend – so as we dig more trenches, we find more high-grade gold. Our confirmation of excellent gold mineralization in this area is a positive step towards Eaglecrest’s ultimate success – the next step is to drill.”

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. Later it was expanded to 300-metres wide in our June 8, 2009 news release. In both news releases gold values from below detection to 16.2 grams per tonne gold were reported. Also announced on June 8th, sampling east of Paititi has extended the Paititi-San Francisco-Buriti trend to seven kilometres length.

“Our belief is that we are over a large gold-mineralized trend and perhaps the best area in the San Simon district for future, multiple open-pit style gold resources,” Eaglecrest’s Senior Geologist Dr. Keith Campbell comments; “Trenching is the final step in our surface exploration program in preparation for drilling. With open trenches, we can map alteration and faults that are related to gold mineralization. This information will be used to guide our drilling program and will ultimately make us more efficient at drilling the best gold zones.”

At the Paititi zone, for comparison to Buriti, mineralization is at least 200-metres wide and 800-metres east-west based on surface exposures where artisanal miners over the past 20 years have exposed gold-bearing mineralization – allowing easy identification of the gold-mineralized rock while also helping Eaglecrest geologists to identify more zones along the trend.

As part of the on-going district-wide exploration program (described in the Company’s October 20, 2008 news release) the ground teams undertook a systematic, district-wide program of mapping and data compilation from old reports that exist 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. As you may know, the nearby Sao Francisco open-pit mine, in Brazil, has economic gold mining with average grades of about one gram per tonne.

From 1996 to 2002, two prior Eaglecrest management teams had explored the Paititi area and spent considerable exploration funds doing surface soil sampling, rock chip sampling, trenching, core drilling and underground bulk sampling. All of this historic data is useful for our present program and has been digitized and incorporated into our exploration models. Additionally, we have completed an in-house 3D Gemcom geologic model using all of the available historic drill hole assay information from the 52 holes that were drilled at Paititi. Once we begin drilling the Paititi and Buriti zones, the new 3D model will assist in expanding gold mineralization that was drilled at Paititi.

All soil and rock chip samples taken in 2007 were prepared at the Company’s on-site assay laboratory, operated by Analab SA of Peru. Soil samples were passed through an 80-mesh screen and the fine fraction was shipped to ACME Laboratories in Vancouver. At ACME, sample splits of 0.5 grams were analyzed for 30 elements using ICP-MS analysis with a detection limit for gold of 0.5 parts per billion. Rock chip samples taken in 2009 were prepared in the on-site sample preparation laboratory and then shipped to ALS Chemex in Vancouver for analysis. At ALS Chemex a 30-gram split of the sample is used for gold analysis, by fire assay and AAS, for a detection limit of 0.5 parts per billion. The ICP-AES technique is used to analyze for 41 additional elements.

The technical information in this news release has been reviewed and approved by Dr. Odin Christensen, a technical consultant and Eaglecrest board member, who is a Qualified Person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

Hans Rasmussen, President, Eaglecrest Exploration Ltd.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This news release concerns certain “forward-looking statements”, including but not limited to, the statements regarding the Company’s strategic plan, work programs and exploration budgets at the Company’s San Simon Project. The forward-looking statements express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with industry risks, risks associated with foreign operations, environmental risks and hazards and other risks.

Source: Eaglecrest Explorations Ltd.

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