Eaglecrest Explorations Ltd.

Eaglecrest Explorations Ltd.

April 09, 2007 15:29 ET

Eaglecrest Underground Bulk Sample Gold Grades Average More Than Three Times Drill Intersected Grades

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 9, 2007) - Eaglecrest Explorations Ltd. ("Eaglecrest"; the "Company") (TSX VENTURE:EEL)(FRANKFURT:EAT) is pleased to report that a comparison of gold assays from 12 diamond drill hole intersections to the underground bulk sampling program yielded an average bulk sample grade that is 312% higher than the diamond drill hole grades for the same intersections. The results from this very limited database suggest that assays reported from diamond drilling significantly understate the gold grades as determined by underground bulk sampling of the Main Quartz Vein/Structure ("MQV"). All drill holes and underground bulk samples are from the Trinidad Vein of the Dona Amelia zone at Eaglecrest's San Simon project in northeastern Bolivia.

The following table shows a comparison of gold grades for the mineralized interval of each of the 12 diamond drill holes, the underground bulk sample gold grades for the same intervals as calculated from the gold recovery plant, as well as a gold grade differences between diamond drill hole and bulk sample gold grades in grams per tonne and percentage difference.

Drilled Grade Gold
True Gold Gold Differ- Grade
From to Width Grade Bulk Grade ence Differ-
Drill (met- (met- (met-(grams/ Sample Tonnes (grams/ (grams/ ence
Hole # res) res) res) tonne) Number Milled tonne) tonne) (%)
L463 shoot
TRD04- 132.9 134.2 1.3 1.79 R64-5-L1 23.1 8.43 6.64 371.2%
064 & L2
TRD06- 117.1 118.2 1.1 5.68 D206-5 & 21.1 6.13 0.45 8.0%
206 6
L484 shoot
TRD06- 94.5 95.3 0.8 0.54 D195-6 & 20.9 4.97 4.43 821.0%
195 7
TRD04- 79.9 81.7 1.8 0.45 R96A- 52.4 1.58 1.13 251.3%
096A Slash 18-
20 & 21
TRD04- 87.6 88.7 1.2 1.67 R96-B-10 31.9 4.76 3.09 185.3%
096B & 11
TRD05- 119.8 120.7 0.9 3.72 D135-7 & 20.8 1.82 -1.90 -51.2%
135 8
TRD05- 31.6 75.0 43.4 0.65 R138-19 609.6 1.52 0.87 133.3%
137 to 47
TRD05- 77.0 79.0 2.0 0.28 L502W- 29.6 2.36 1.16 742.9%
138 Slash 3
TRD06- 81.9 83.9 2.0 0.70 L484- 28.1 0.65 -0.05 -7.1%
193 LR-2
Other intersections
TRD96- 44.7 48.4 3.7 0.60 TD-1-057 76.3 4.11 3.51 585.7%
025 raise 15/
16/17, 18
& 18 slash.
TRD03- 117.0 118.7 1.7 2.27 L484-W35, 68.3 1.85 -0.42 -18.7%
033 W36 & W32-
35 slash.
TRD06- 115.7 117.9 2.2 0.15 D198-8D 26.0 1.23 1.08 720.0%
198 & 9D

"The higher gold grades obtained from the limited bulk sampling of diamond drill hole intersections are very encouraging," comments Eaglecrest's President Hans Rasmussen. "These results demonstrate that gold grades reported from diamond drilling understate the in-situ gold grades at San Simon. In a few cases, as shown in the above table, previously sub-economic gold grades have been elevated to potentially economic grades. As the underground development continues, additional diamond drill holes will be intersected to obtain a more statistically reliable comparison."

To date the Company has found that diamond drilling is very effective in identifying the gold mineralization, but not as reliable as underground bulk sampling in determining the in-situ gold grades of this inhomogeneous and at times nuggety gold mineralization. Gold grades reported from assaying of diamond drill core generally understate the in-situ gold grades as reported from bulk sampling of these intersections in the underground development.

Since 1996, the Company has completed 228 diamond drill holes in the Trinidad, Las Rosas and Manganeso areas of the Dona Amelia zone for a total of 55,434 meters. In addition, the Company has completed 744.75 metres of underground development. A total of 12,028 tonnes of vein and wall rock material were extracted and 9,950 tonnes was milled, producing concentrates containing 550 ounces of gold, which were sold to Penoles of Mexico.

The underground exploration development along strike and dip of the MQV intersected two diamond drill holes in the L463 shoot and seven in the L484 shoot as well as three holes outside these shoots. It should be noted that both TRD05-137 and TRD05-138 were pilot holes for the underground development located 11 metres apart and drilled parallel down dip of the MQV. Underground bulk sampling traced TRD05-137 in a raise for 43.4 metres of the total 48.2 metres of MQV intersected in the hole. TRD05-137 was intersected by a single development advance in the lower drill hole gold grades of the full intersection.

At the present time seven diamond drill holes have been completed as pilot holes for the continued development to the east through the L463 shoot, and all these diamond drill holes will be bulk sampled as work progress this year. The infill drilling of the L463 shoot on 25 metres spacing will produce additional MQV diamond drill holes intersections that also will be bulk sampled. It is expected that this will result in sufficient diamond drill hole MQV intersections with bulk sample gold grades (and presumably closest estimate to a "true" grade) for a statistically valid comparison.

A summary of sample preparation, method of gold analysis and the Quality Assurance/Quality Control (QA/QC) is described in detail in the February 27, 2006 news release.

A complete list of all drill holes in the Dona Amelia zone with location maps of the Trinidad and Manganeso areas are presented on the Company's website at http://www.eaglecrestexplorations.com.

About Eaglecrest Explorations Ltd.

Eaglecrest Explorations Ltd. is exploring the San Simon gold property, which is an advanced exploration project situated on the Precambrian Amazon shield of Bolivia and Brazil. Eaglecrest controls 100% of the mineral rights that covers nearly 300 square kilometers on the San Simon Plateau in northeast Bolivia. Eaglecrest's mandate is to increase shareholder value by employing strong technical expertise both at the Board level and in the field to systematically explore and develop the San Simon gold project.

Eaglecrest Explorations Ltd.'s Project Manager, Tor Bruland, who is a Qualified Person as defined by National Instrument 43-101, has prepared, reviewed and approved the technical information in this news release.

The diamond drilling and the underground exploration, development and bulk sampling program are being supervised by Tor Bruland, P. Geo. and Don Allen, P. Eng. (Eaglecrest Explorations Ltd.'s Chief Geologist). The gold recovery plant and the Analab operated laboratory are under the overall supervision of Mineral Processing Consultant Gary Hawthorn, P. Eng. All are Qualified Persons under the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

Hans Rasmussen, President, Eaglecrest Explorations Ltd.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This press release concerns certain "forward-looking statements", including but not limited to, the statements regarding the Company's strategic plan, evolution of mine resources and reserves, work programs, development plans and exploration budgets at the Company's San Simon Project. The forward-looking statements express, as at the date of this press 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 fluctuations in the market price of precious metals, industry risks, risks associated with foreign operations, environmental risks and hazards, uncertainty as to calculations of mineral reserves and other risks.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contact Information