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Abstract
Mr. [Terence F. Schorn], P.Geo., President and CEO of War Eagle Mining Company Inc. (TSX VENTURE:WAR), reports that after reviewing all resource delineation results to date with Glenn O'Gorman, B.Sc., P. Eng., of OREM INC., an independent mining consultant who has extensive underground mining experience in Central and South America, the Board of Directors has approved an expanded mine development program for the Tres Marias Mine.
Resistivity and gravity geophysical surveys to delineate extensions to the zones of known mineralization, as well as, to develop drill targets on several of 58 known anomalies located within the property will begin as soon as possible. For example, one of the anomalies, known as La Blanca is located some 800 meters (2,500 feet) south east of the Mine workings, has been sampled which assayed up to 29% zinc and 190 grams per ton of germanium. A second collapse feature target located about 1.5 kilometers (5,000 feet) west and along the same fault structure that hosts the Tres Marias Mine bears a remarkable similarity to known mineralization and will be explored by surface mapping, sampling and geophysics.
Upon completing of a 3D mine model, receipt of further drilling results from below the 6.5 level, the south mineralized zone, the south extension mineralized zone and the mineralized upper zone coupled with results on hand from 22 underground core and 31 percussion holes, about 1,300 channel samples and other data, the Company expects to complete and release by late May a resource estimation compliant with the requirements of policy 43-101 which will include measured and indicated resources.