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Project
Summary
 While
there are several gold occurrences, either lode or alluvial,
in the there are four main areas of gold mineralization within
the 296.75 km2 San Simon property: Doña Amelia (40
km2), San Simon, Marco Maria and Doña Angela which
the Company has worked on since 1995. A major portion of the
project has yet to be explored. Since 2003, current Company
management has focused 100% of all exploration activities
in the Doña Amelia zone.
Previous work included drilling at Trinidad and Paititi in
1996, drilling at Paititi in 1999-2000, and surface bulk sampling
at Paititi in 1999-2000 that yielded 197 tonnes with an average
grade 1.62 grams/tonne gold.
Eaglecrest is currently drilling for an underground mineable
resource in the Doña Amelia zone while also pursuing
new targets with open pit mineable potential in the Paititi
and Doña Angela zones.
Lode mesothermal gold mineralization hosted by thrust and
oblique faults with or without quartz vein (up to 15.9 m true
width) in Precambrian meta-sedimentary rocks. New core logging
and underground mapping reveals that gold mineralization can
exist up to 10 metres into the hanging wall above the thrust
faults or up to 10 metres into the footwall beneath the thrust
faults, thus the potential for more tonnage and gold grades
is now better understood.
Major East-West striking Thrust Fault defined over 4.2 km
strike length.
Fine and coarse gold, free and associated with a "mineralized
envelope" around the thrust faults which includes hematite,
both pervasive and disseminated after arsenopyrite, sericite,
and silica flooding. This alteration is now included in core
logs as a guide to finding more gold. Gold is found in fractures
and in sites that were previously arsenopyrite but are now
hematite, thus there was an association of gold to arsenopyrite
during the mineralizing event.
Crixas Deposit, Brazil (Kinross Gold Corp, 1M oz gold) &
Saõ Francisco Deposit, Brazil (Yamana Gold Inc., 1.4M
oz gold) and Ashanti type gold deposits in the Birimian greenstone
belt, Ghana (production of more than 55 M oz gold over 100
years). |
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