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Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: CLB
Latest Price: C$0.22  (-6.38% Descending)
52-week High: C$0.38
52-week Low: C$0.17
Market Cap: C$18.84M
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Colombia Crest Gold
www.colombiacrestgold.com

Colombia Crest Gold Corp. is a gold exploration company with nearly 300 square kilometres of mineral title at the San Simon project in northeastern Bolivia. The structures that host gold mineralization on the property are geologically identical to some of the major well-known quartz vein gold deposits and gold shoots, such as those found in Western Africa.   The company has identified three areas at San Simon with open-pit and underground gold resource potential. Colombia crest’s mandate is to increase shareholder value by systematically exploring, developing and monetizing the San Simon gold project, followed by new gold acquisitions in Colombia.

Full Colombia Crest Gold profile here
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Eaglecrest closes first tranche of private placement to start Exploration in Bolivia and Colombia

12th May 2010, 5:07 pm

Eaglecrest Explorations Ltd (TSX-V: EEL, FSE: EAT) announced the closing of 5,638,000 units of its non-brokered private placement at a price of C$0.50 each, raising C$2.32 million gross. The company will continue to sell the remaining units to achieve the target of C$6 million, as announced mid-March, to fund the full 2010 exploration program.

"These initial funds will allow us to get started on our resource calculation at the Dona Amelia zone, San Simon project, Bolivia," commented Hans Rasmussen, Eaglecrest's President and chief operating officer. "We are also ramping up our exploration program at the Fredonia project, Colombia, employing these funds to begin geologic mapping and sampling."

A work program is planned for San Simon, including: (i) the completion of the NI43-101 for the Trinidad-Mina Vieja gold shoots at the Dona Amelia zone; and to drill the Paititi-Buriti zone to a maximum of 200 metres initially, followed by deeper and more detailed drilling to verify the potential for an open-pit-style gold resource.

Additionally, Eaglecrest is utilizing management's extensive experience with major mining companies to acquire and explore strategic gold and gold-copper projects in Colombia. The first of these projects includes the newly acquired 18,000-hectare Fredonia project area, located in a prolific Central Cauca gold belt south of Medellin that hosts the 13-milion ounce gold resource called La Colosa, owned by AngloGold-Ashanti, and the 500-year-old Marmato gold district.

Each unit in the provate placement is comprised of one common share and one common share purchase warrant. Each Warrant entitles the holder to purchase one share at a price of C$0.75 for a period of 24 months from the date of issue.

Eaglecrest Explorations focuses on exploring, developing and monetizing promising gold projects in Colombia and Bolivia.

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