Post by Franko10 ™ on Mar 30, 2006 13:18:58 GMT -5
War Eagle Mining Company Inc.: Tres Marias 80 Hole Underground Drilling Program to Start (bwire)
VANCOUVER, British Columbia (Business Wire) -- War Eagle Mining Company Inc. (TSX VENTURE:WAR):
The Company is pleased to announce that a 80 hole underground drilling program will commence during the first week of April with equipment already at the mine site. These holes will be drilled into the mineralized walls of the existing stopes on levels 1 to 6 and are designed to prove the 500,000 tonnes of mineralization required for a pre-feasibility study (and provide data the requirements of policy 43-101).
Underground surveying along with laser imaging will continue during the month as well as surface and down-hole geophysics.
Results of the drilling will be released as assays are obtained.
New options have been granted to Officers and Directors representing 731,667 shares set at an exercise price of $0.90 for three years.
Terence F. Schorn, P. Geo, President
War Eagle Mining Company Inc.
CUSIP. No. 933901209
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
War Eagle Mining Company Inc. Vice President, Corporate Development Bob Faris, 604-606-7973 Toll Free: 1-800-877-1626 firstname.lastname@example.org www.wareaglemining.com
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