Eaglecrest Explorations, Ltd. (EEL)
Eaglecrest Explorations Ltd. (EEL-TSX.V; EAT-Frankfurt) is a gold exploration company which has an option on the 180 square kilometre Fredonia project area in the prolific Central Cordillera gold belt in northwest Colombia. Eaglecrest also owns 100% of nearly 300 square kilometres of mineral title at the San Simon Gold Project in northeastern Bolivia. Eaglecrest will begin exploration work in Colombia in the second quarter of 2010, but has identified three areas at San Simon with open-pit and underground gold resource potential.
Eaglecrest’s mandate is to increase shareholder value by employing deep expertise both at the board level and on the ground to systematically explore, develop and monetize promising gold projects in Colombia and Bolivia.
Hans Rasmussen President of Eaglcrest Explorations Talks About Gold, Gold and More Gold
Investment Highlights
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Outstanding Management: Experienced management team with dozens of combined discoveries for major international mining corporations.
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Quality Exploration: Through more than 77,000m of drilling, we have identified multiple high grade gold shoots and additional, potentially substantial, open pit resource zones in San Simon, Bolivia.
- Metallurgy: We have demonstrated 85%-95% recoveries by processing high-grade gold concentrate at our on-site recovery plant.
- Project Diversity: Eaglecrest is utilizing management's experience with major mining and exploration companies to acquire and explore strategic gold and gold-copper projects in the Central Cordillera of Colombia.
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Growth: Aggressive exploration plans for 2010 including drilling in three mineralized zones in Bolivia and acquisition and exploration of new projects in Colombia.
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Share structure: 45.6 million shares outstanding.
High Grade Gold Shoots and Open Pit Deposits
Gold at San Simon is located both in high-grade gold shoots and areas conducive to open pit mining, thereby enabling Eaglecrest to rapidly prove multiple gold resources.
Strategically Located
Our Fedonia Area project in Colombia is in close proximity to several significant proven and producing multi-million ounce gold resources. San Simon, in Bolivia, is strategically located in an underexplored gold mining belt, near a million ounce gold producer in Brazil, and is geologically very similar to several famous gold deposits in Ghana.
TSX: EEL
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