VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2006) - Eaglecrest Explorations Ltd. (TSX VENTURE:EEL)(FWB:EAT) is pleased to announce that the Company has retained SRK Consulting (Canada) Ltd. to prepare a preliminary assessment study on the Dona Amelia zone gold mineralization that will include a CIM compliant resource estimation and classification. In addition, SRK is to define mining and metallurgical options, define a range for capital and operating cost models and calculate pre-tax and pre-royalties Discounted Cash Flows, Internal Rate of Return and Net Present Value. The study will be presented as a NI 43-101 compliant document. It is estimated that the study will be completed by September 2006.
The Dona Amelia zone covers an area of 40 square kilometers (km) within the Company's approximately 300 square km San Simon project in northeast Bolivia. The Company has completed more than 39,000 metres of diamond drilling in 180 holes in the Trinidad, Las Rosas and Manganesa areas covering 2.7 km of the 4.2 km strike length of the main structure/quartz vein (MQV) of the Dona Amelia zone. The MQV has been traced down dip for up to 740 m with widths up to 15.9 meters. Test work to date of the gold mineralization indicates it is erratic and inhomogeneous on a diamond drill hole and underground development muck scale. Diamond drilling is effective in demonstrating the geological continuity of the MQV, but bulk sampling is needed to determine the true in-situ gold grade. A 16,000 tonne underground bulk sampling program was commenced in 2005 with the development of the TD-1 decline in the Trinidad area down plunge of the MQV. The TD-1 decline targets are 4 diamond drill hole MQV intersections to be reach by a combination of declines and drifts. Data collected from the bulk sampling will allow for a more robust geostatistical evaluation of the gold grade continuity for input to the upcoming resource estimate. To date the TD-1 decline has reached a length of 140 m that is about 25 m from the collar of the drift to the TRD03-026 diamond drill hole target.
SRK Consulting is an independent, international consulting practice. Formed in 1974 in Johannesburg, South Africa, SRK has expanded to 25 offices with more than 500 professionals and has serviced 1500 clients. These clients include major and medium size metal and industrial mineral mining houses, exploration companies, banks and petroleum exploration companies. Additional information on SRK can be obtained on their website: www.srk.com.
On behalf of the Board of Directors,
Paul Zdebiak, Director, Eaglecrest Explorations Ltd.
Additional information on the Company's project is available on our website, www.eaglecrestexplorations.com, the SEDAR website (securities related information filed with the Canadian securities regulatory authorities), www.sedar.com or by contacting Paul Zdebiak at 604-687-7272 or by E-Mail: email@example.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Eaglecrest Explorations Ltd.