Eaglecrest Discovers High-Grade Gold on Surface in First-Pass Sampling, Colombia
20 Diciembre 2010 - 8:30AM
Marketwired
EAGLECREST EXPLORATIONS LTD. ("Eaglecrest"; the "Company") (TSX
VENTURE: EEL)(PINK SHEETS: ECRTF)(FRANKFURT: EAT) is pleased to
announce that first-pass sampling over a 10-day field period
discovered up to 8.25 grams per tonne gold and 47.5 grams per tonne
silver in outcrop channel chip samples from the eastern portion of
the unexplored Fredonia Project, Antioquia, Colombia. Additionally,
in the central potion of the project, gold mineralization was
discovered in diorite porphyry and volcanic breccia at 0.33 grams
per tonne gold and 5.4 grams per tonne silver.
"These early results from the Fredonia project are further
evidence that we have secured a very good area," explained CEO,
Hans Rasmussen. "We executed an initial reconnaissance program
including the area surrounding Bellhaven Resources' La Mina
Project. The gold mineralization in the area provides a locus from
which to begin our 2011 Exploration Program. The surface gold and
copper mineralization found in the nearby Venecia area (announced
October 4, 2010) implies a large scope to the overall land
package."
In the eastern sector of the Fredonia project, named El Retiro,
rock chip samples from a 0.8 metre channel sample returned values
of up to 8.25 grams per tonne gold and 47.5 grams per tonne silver.
Gold mineralization occurs in quartz veins, hosted in Proterozoic
metamorphic rocks. The area was first identified by Grupo de Bullet
personnel (announced August 18, 2010 - Option Agreement). The area
was identified from small-scale artisan mining along several
vein-structures in the area. Numerous veins in outcrop were also
identified for follow-up on future field campaigns.
In the Quebrada Garrucha sector, in the central portion of the
project, 2 kilometres east of Bellhaven's La Mina Concession, rock
chip samples from a two-metre channel returned up to 0.33 grams per
tonne gold and 5.4 grams per tonne silver from a mineralized
volcanic breccia body in andesitic volcanic rocks and dioritic
porphyry rocks. Rock chip samples from mineralized faults returned
up to 7.5 grams per tonne silver. The breccia body is strongly
mineralized with visible minerals associated with the mineralizing
event (e.g. pyrite, sphalerite, pyrrhotite and jarosite). Several
other breccia bodies were identified in the field transect - they
will be targets of future mapping and sampling in the sector.
All rock samples taken in this preliminary sampling were sent to
the ALS Prep Laboratory in Colombia and sample pulps forwarded to
the ALS Lab in Lima Peru for analysis. The chosen preparation
method was PREP-31 which consisted of a 250 gram split pulverized
to better than 85% passing 75 microns mesh. Gold was assayed by
fire assay and atomic absorption using a nominal sample weight of
50 g (Au-AA24) with detection limits of 0.005 to 10 parts per
million. A multi element package of 35 elements (ME-ICP 41)
including silver, base metals and pathfinder elements was also
analyzed. ME-ICP 41 is a trace level method using conventional aqua
regia digestion ICP-AES analysis.
The technical information in this news release has been reviewed
and approved by Dr. Richard Jemielita, a technical consultant who
is a Qualified Person in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects.
About Eaglecrest
Eaglecrest Explorations Ltd. is systematically exploring,
developing and monetizing promising gold projects in Colombia and
Bolivia. The management and geologic teams at Eaglecrest are
comprised of industry experts involved in gold discoveries over the
past three decades with both junior and major mining companies.
With this seasoned team and the increased sentiment towards gold,
Eaglecrest looks to accelerate the capitalization of its Bolivian
asset, while shifting focus to securing interests in, and
initiating the exploration programs at the Fredonia and Venecia
projects, Colombia, south of Medellin.
If you would prefer to receive news releases via email please
contact Eaglecrest (eel.tsxv@telus.net) and specify "Eaglecrest
news" in the subject line.
Please visit the Company's website at
www.eaglecrestexplorations.com.
This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX-Venture
Exchange, the British Columbia Securities Commission and the US
Securities and Exchange Commission.
Neither the TSX Venture nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: Eaglecrest Explorations Ltd. Hans Rasmussen President
and CEO Office: 604-684-7160 hans@eaglecrestexplorations.com
www.eaglecrestexplorations.com
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