Eaglecrest Explorations Ltd.
TSX VENTURE : EEL
FRANKFURT : EAT

Eaglecrest Explorations Ltd.

December 02, 2009 17:29 ET

Eaglecrest Prepares Drilling Plans, Extends Surface Gold to 2.5 Kilometres Strike at the Buriti Gold Zone, San Simon Project, Bolivia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2009) - Eaglecrest Explorations Ltd. ("Eaglecrest"; the "Company") (TSX VENTURE:EEL)(FRANKFURT:EAT) is pleased to report 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 (see http://www.eaglecrestexplorations.com/pdf/November-results-2009.pdf).

"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 Paititi zone also covers a substantial area, with mineralization 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. These miners have provided valuable information by allowing easy identification of the gold-mineralized rock while also helping Eaglecrest geologists to identify more zones along the trend. 

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"

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.

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