| | | Thu May 29, 2008
Tres Marias Intercepts 7.2 Meters (23.6 ft) of 325 g/tonne Germanium & 22.29 % Zinc
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| | War Eagle Mining Company Inc. (TSX Venture Exchange - WAR) is pleased to announce the following assay results from underground drilling at the 6 ½ Level of the Tres Marias Project, Mexico. Underground diamond drilling is currently on drillhole TE-85. The current price of Germanium (Ge) is US $1,450 per kilogram ($1.45/gm) and Zinc (Zn) is US $2,139 per tonne.
Intercept Intercept Ge Zinc
Drillhole From To (m) (ft) (gm/tn) (%)
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TE-56 30.8 36.8 6.0 19.7 425 22.71
TE-56 47.7 50.7 3.0 9.8 less than 10 34.70
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TE-57 0.0 1.4 1.4 4.5 less than 10 5.68
TE-57 17.3 18.2 0.9 3.0 120 24.10
TE-57 30.9 31.9 1.0 3.1 940 6.60
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TE-58 0.0 8.3 8.3 27.2 34 38.34
TE-58 14.5 17.6 3.1 10.2 less than 10 28.80
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TE-59 7.0 7.3 0.3 1.0 10 45.30
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TE-60 0.0 9.8 9.8 32.2 less than 10 17.94
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TE-61 0.0 20.8 20.8 68.2 20 15.82
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TE-62 0.0 7.5 7.5 24.6 21 16.10
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TE-63 0.0 9.8 9.8 32.2 56 25.80
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TE-64 0.0 1.0 1.0 3.3 10 55.10
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TE-65 0.0 2.5 1.3 4.3 less than 10 14.87
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TE-66 0.0 7.1 7.1 23.3 27 23.69
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TE-67 0.0 7.0 2.0 6.6 56 28.94
TE-67 13.7 16.4 2.7 8.9 less than 10 35.17
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TE-68 26.1 33.3 7.2 23.6 325 22.29
TE-68 43.1 44.6 1.5 4.9 10 25.30
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TE-69 10.4 14.9 4.5 14.8 less than 10 7.46
Assay results are distance weighted averages. War Eagle Mining Company's reporting cut off is 5% Zinc or 50 ppm (g/tn) Germanium. Samples were submitted to SGS Mineral Services in Durango, Mexico, an ISO 9001:2000 certified laboratory, for analysis by Sodium Peroxide Fusion using an ICP Mass Spectrometer.
The Nacional zone is located 200m (650 feet) to the south of the Tres Marias principal mine workings. It is seen as a separate mineralized entity. Discovered by underground core drilling, it is accessed on the lower 6-level of the Tres Marias Mine. Channel samples taken along the drift on the north side of the original Nacional stope averaged 36 g/t germanium and 16.9 % zinc over 16 meters ( 52.5 feet) length. The core drilling program on the Nacional Target is well underway and is first of four targets that will be drilled consecutively.
About War Eagle Mining:
War Eagle Mining Company Inc. is an experienced mineral exploration company publicly traded since 1987 and on the TSX Venture Exchange under the symbol WAR. The company is in the exploration phase of the Tres Marias Germanium and Zinc Mine in Mexico. The Tres Marias Mine is a former producing high-grade zinc and germanium mine that first produced ore in 1949.
Mr. David Hackman Ph.D., P.E., V.P. Explorations has reviewed the contents of this release and is the qualified person pursuant to the National Instrument 43-101.
"Terence F. Schorn"
Terence F. Schorn, P. Geo
President War Eagle Mining Company Inc
For further information contact:
Bob Faris, Vice President, Corporate Development
at 1-800-877-1626 or 604-606-7973
www.wareaglemining.com
info@wareaglemining.com
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
Forward Looking Statements
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with mining operations, therefore the Company's actual results, performance or achievements could differ materially from those expressed in or implied by these forward-looking statements will transpire, or occur, or if any of them do so, what benefits, including the amounts of proceeds which the company will derive therefrom. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future pricing trends of Ge metal, completion and production timetables. These statements are based on assumptions made by the company based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. |
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