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Re: News Release - Thursday, 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 � 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
-----------------------------------------------------------------------
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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Copyright (c) 2008 WAR EAGLE MINING COMPANY INC. (WAR) All rights
reserved. For more information visit our website at
http://www.wareaglemining.com/ or send
mailto:news@sweetwatercapital.net
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