Eaglecrest Explorations Ltd.: Underground Development and Diamond Drilling Resume on the Dona Amelia Zone.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Eaglecrest Explorations Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:EEL)(FWB (Fixed Wireless Broadband) See fixed wireless. :EAT) is pleased to report that the Phase III Noun 1. phase III - a large clinical trial of a treatment or drug that in phase I and phase II has been shown to be efficacious with tolerable side effects; after successful conclusion of these clinical trials it will receive formal approval from the FDA Exploration and Underground Development Program has resumed following the Christmas holiday break on the Dona Amelia zone that covers an area of 40 square kilometers (km) within the Company's approximately 300 square km San Simon project in northeast Bolivia. As of December 2005, the Company had completed 34,000 metres (m) of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral in 168 holes on the Dona Amelia zone and the TD-1 decline adit in the Trinidad area had reached a length of 100 m. On January 8 the Phase III program resumed with underground development of the TD-1 decline adit in the Trinidad area and diamond drilling in the Trinidad and Las Rosas areas. The diamond drilling is required to define the geological structure of the main quartz vein/structure (MQV MQV Menezes-Qu-Vanstone ) and identify the size of the resource (tonnes of MQV). The underground bulk sampling is required to determine the true in-situ grade of the gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . The objective of the diamond drilling and the underground bulk sampling is to provide the data required to complete a Preliminary Feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. and resource calculation in 2006. The 160 man project team includes the Company's project management, geologists, metallurgical engineers and support personnel, Major Drilling International Inc.'s diamond drilling crews, AMTRAC's underground mining crews, ANALAB's independent assayers and various subcontractors. The MQV has been traced at surface for an east-west strike length of 4.2 km and a north-south downdip extension of 560 m by diamond drilling. Diamond drilling has resumed in the Trinidad area with hole TRD TRD Trading TRD Toyota Racing Development TRD Transition Radiation Detector TRD Technische Regeln für Dampfkessel (German: Technical Regulations for Boilers) TRD Technical Requirements Document TRD Trust Deed 06-169. It is estimated that hole TRD06-169 will intersect the MQV in approximately 3 weeks at 725 m downdip (estimated depth from surface of 490 m), which is 175 m further downdip than any previous holes. The drilling of this and subsequent deep holes will continue to trace the MQV in the Trinidad area along strike and downdip. In the Trinidad area the MQV has been traced along an east-west strike length of 1.4 km and a north-south downdip extension of 560 m. Some of the MQV intersections in the Trinidad area are highlighted below. - 20.1 gram per tonne (g/t) gold over 6.2 m (TRD96-001) - 4.1 g/t gold over 16.7 m (TRD96-011) - 8.2 g/t gold over 7.9 m (TRD96-012) - 8.6 g/t gold over 4.2 m (TRD03-026) - 3.4 g/t gold over 8.3 m (TRD04-051) - 4.6 g/t gold over 4.7 m (TRD04-100) - 9.9 g/t gold over 2.1 m (TRD05-124) - 6.8 g/t gold over 1.6 m (TRD05-168) Diamond drilling in the Las Rosas area, adjacent and between the Trinidad area and the Manganeso area (1.0 km further to the west), commenced with hole TRD06-170. It is estimated that hole TRD06-170 will intersect the MQV in approximately 10 days at 325 m downdip (estimated depth from surface of 260 m), which is 185 m further downdip than 8 diamond drill holes completed late last year. The initial Las Rosas area holes, which traced the MQV along a 0.4 km of east-west strike length and a north-south downdip extension of 140 m, have defined the same continuity and widths of the MQV as identified by diamond drilling in the Trinidad area. The underground development of the TD-1 decline adit in the Trinidad area will continue towards the targets of diamond drill hole intersections TRD03-026 (7.7 g/t gold over 4.7 m) and TRD03-032 (5.4 g/t gold over 2.0 m) for bulk sampling to determine the true in-situ gold grade of the MQV in these locations. It is estimated that the first of these targets (TRD03-026) will be reached by a drift from the decline adit within the next 3 weeks and the second will be reached at a decline adit depth estimated to be 250 m in approximately 8 weeks. The highlight of the processing of bulk samples in the gold recovery plant is: - 5.3 g/t gold along 8.9 m of the decline adit from 153 tonnes of quartz vein and minor host rock sediment material. The diamond drilling, underground exploration development and bulk sampling program is being supervised by Tor Bruland, P. Geo. (B.C.) and Don Allen Don Allen was an American college and professional football player. A fullback, he played college football at the University of Texas, and played professionally in the American Football League for the Denver Broncos in 1960. , P. Eng P. ENG Professional Engineer P. ENG process engineer . (B.C.). Mineral Processing Engineer Gary Hawthorn, P.Eng. (B.C.) has the overall supervision of the independent Fire Assay laboratory, gold recovery plant and sample quality control. All three are Qualified Persons under the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects definition. On behalf of the Board of Directors, Carl A. Erickson, President, Eaglecrest Exploration Ltd. Additional information on the company's project is available on our website www.eaglecrestexplorations.com, the SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review website (securities related information electronic filed with the Canadian securities regulatory authorities) www.sedar.com or by contacting Paul Zdebiak at 604-684-7160 or by E-Mail: eel.tsxv@telus.net. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the information contained herein. Eaglecrest Explorations Ltd. (TSX VENTURE:EEL) (FRANKFURT:EAT) |
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