Eagle Hill Extends Gold Mineralization to a Depth of 870 Meters With 15.34 g/t Gold Over 11.0 Meters at Windfall Lake
April 10 2013 - 8:00AM
Marketwired Canada
Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX
VENTURE:EAG)(OTCQX:EHECF)(FRANKFURT:EH0) is pleased to announce assay results
from its 2012 drill program at the Windfall Lake Gold Property in Northwestern
Quebec (the "Property" or "Windfall Lake"). The new results include the deepest
high grade wide gold mineralization discovered to date at Windfall Lake, below
the Red Dog intrusion. These results were produced from a drill program designed
to expand the size of the mineral resource estimate released on July 25, 2012
that already includes 1,665,000 tonnes at 10.05 g/t gold (538,000 ounces) in the
indicated category and an inferred resource of 2,906,000 tonnes at 8.76 g/t gold
(822,000 ounces).
Deep Gold Mineralization Below Red Dog
Drill hole EAG-12-448 tested gold mineralization below the Red Dog intrusion.
This drill hole successfully intersected the deepest thick gold mineralization
to date at Windfall Lake with 15.34 g/t Au over 11.0 meters at a vertical depth
of 870 meters. This intersection is located further to the north of Zone 27 and
may represent another parallel zone. In addition, this same drill hole
intersected gold mineralization in the Red Dog unit of 14.9 g/t Au over 0.3
meters and 25.4 g/t Au over 0.3 meters. In the Red Dog unit, gold mineralization
is hosted in quartz-carbonate veins, which represents a different type of gold
mineralization than what is typically found in the main zone.
The 2012 deep drilling has demonstrated that additional significant gold
mineralization is present below the Red Dog intrusion with high-grade intercepts
such as 8.9 g/t Au over 14.0 meters, 5.5 g/t Au over 15.0 meters, 24.46 g/t Au
over 7.4 meters (March 1, 2012 and November 6, 2012 press releases). Eagle Hill
will conduct additional drilling below the Red Dog intrusion where it sees the
potential to significantly increase the size of the existing mineral resource at
Windfall Lake.
"We are thrilled with the new results. The deep intersections, below the Red Dog
and in the Caribou zone, demonstrate that Eagle Hill has more opportunities to
increase the total size of the Windfall Lake gold deposit," stated Dr.
Jean-Philippe Desrochers, Chief Geologist of Eagle Hill Exploration.
Caribou Zone
Additional drilling testing the eastern extension of the Caribou Zone returned
an intercept of 9.09 g/t Au over 5.2 meters in drill hole EAG-12-448. This
intercept, together with the intercept of 8.62 g/t Au over 5.5 meters published
on November 15, 2012, confirms the shallow eastern plunge of high grade
mineralization which remains open in both directions. The new intersection is
illustrated on the longitudinal section of the Caribou Zone available at
www.eaglehillexploration.com/sections.
The gold mineralized zones defined to date at Windfall Lake cover a lateral
extension of more than 750 meters and include, from South to North, the Caribou
South, the Caribou, the Mink, Zone 27 South, Zone 27, the Mallard, and the
Mallard North zones. All the zones are contained within near vertical lenses and
vary in thickness between 2 meters and 35 meters.
Since the release of the July 21, 2012 mineral resource estimate, Eagle Hill has
completed a total of 106 new drill holes in the extension of the known zones and
below the Red Dog Intrusion. The results of this drilling will be incorporated
in a new mineral resource estimate.
A map of Windfall Lake outlining the location of the gold zones, drill holes and
areas of potential expansion, together with cross-sections, a longitudinal
section and pictures of core showing the mineralization style have been posted
on Eagle Hill's website, www.eaglehillexploration.com/sections.
The table shows the most significant assay results discussed in this press release.
--------------------------------------------------------------------------
From To Au Length Comment
Drill Hole (m) (m) (g/t) (m)
--------------------------------------------------------------------------
EAG-12-448 204.3 205.0 18.45 0.7 Shear with 5-10% Py
---------------------------------------------------------------
572.0 572.5 9.41 0.5 3.5% Py
---------------------------------------------------------------
637.9 643.1 9.09 5.2 Caribou Zone
----------------------------------------
incl. 640.4 642.3 17.19 1.9
---------------------------------------------------------------
755.4 755.7 14.90 0.3 Vein in Red Dog
---------------------------------------------------------------
767.1 767.4 25.40 0.3 Vein in Red Dog
---------------------------------------------------------------
1064 1075.0 15.34 11.0 Deep Zone
----------------------------------------
incl. 1066.0 1069.0 25.03 3.0
----------------------------------------
Incl. 1073.0 1074.0 83.00 1.0
--------------------------------------------------------------------------
The true widths are interpreted to be approximately 70% of reported width.
The other drill holes of this sequence not presented in this table returned
only anomalous gold values or have assay results pending.
Gold analyses reported in this release were performed by standard fire assay
using a 30-gram charge with atomic absorption finish and a gravimetric finish
for assays greater than 10 grams per tonne and by metallic sieve method for
samples containing significant amounts of pyrite or visible gold. All assays
were performed by ALS Chemex Laboratory Group, in Val d'Or, Que. Sampling and
analytical procedures are subject to a comprehensive quality assurance and
quality control program. The QA-QC program includes duplicate samples, blanks
and analytical standards.
Other Corporate Items
At this time the Company also wishes to announce the resignation of Andre
Tessier from the board of directors. "The Company thanks Mr. Tessier for his
efforts on defining the work programs and his service on budgeting and the audit
committee. We wish him continued success in his endeavors," stated Brad Kitchen,
President and Chief Executive Officer of Eagle Hill Exploration Corp.
About the Windfall Lake Property
The Windfall Lake Property is comprised of 362 contiguous claims (over 12,000
hectares) in the Abitibi mineralized belt of northern Quebec. This area between
Val-d'Or and Chibougamau is known for its gold and copper production and
excellent infrastructure for exploration and mining. Historically, the Windfall
Lake Property has had extensive grassroots exploration work. Along with its
independently acquired claims at the Windfall Lake Property, Eagle Hill has also
signed options with Murgor Resources Inc., Cliffs Natural Resources Inc.
(formerly, Freewest Resources Canada Inc.), and Noront Resources Ltd. to acquire
the Windfall Lake Property. During July 2012, the Company received its second
mineral resource estimate, the results of which are displayed in the table
below:
-----------------------------------------------------------------------
Quantity Gold Grade Contained Gold
('000 tonnes) (g/t) (ounces)
-----------------------------------------------------------------------
Indicated 1,665 10.05 538,000
-----------------------------------------------------------------------
Inferred 2,906 8.76 822,000
-----------------------------------------------------------------------
Jean-Philippe Desrochers, PhD, PGeo, is a qualified person registered in Quebec
as defined by NI-43-101 and has reviewed the technical information that this
press release contains.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral exploration company
focused on the exploration and development of gold and precious metal prospects.
The Company is set to become an advanced stage gold exploration company with its
acquisition of the Windfall Lake high grade gold project, located in Urban
Township, Quebec, between Val-d'Or and Chibougamau. Eagle Hill seeks projects
that contain or have potential to contain large resource potential. The
Company's website at www.eaglehillexploration.com and public filings at
www.sedar.com provide additional information on its properties and other
information with respect to its management and operations.
ON BEHALF OF THE BOARD,
P. Bradley Kitchen, President
FORWARD LOOKING STATEMENTS
Statements in this news release, which are not purely historical, are
forward-looking statements within the meaning of applicable United States and
Canadian securities laws, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. These statements involve risks
and uncertainties which could cause actual results to differ materially from
those in the forward-looking statements contained herein. Such risks and
uncertainties may include, but are not limited to, the ability to obtain
additional financing, title to mineral properties, the ability to manage growth,
acquisitions of technology, equipment or human resources, the effect of economic
and business conditions, the ability to attract and retain skilled personnel,
the risks inherent in exploration and factors outside the control of the
Company. These forward-looking statements are made as of the date of this news
release, and the Company assumes no obligation to update the forward-looking
statements or to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although the Company believes that
the beliefs, plans, expectations and intentions contained in this news release
are reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk factors disclosed
in the Company's most recent Annual Information Form filed on SEDAR which is
available at www.sedar.com. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy securities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Network IR (Vancouver)
Andrew Mugridge / Benjamin Curry
604.559.5573 or Cellular: 604.764.6847
andrew@networkir.com
www.networkir.com
MI3 Communications Financieres Inc. (Montreal)
Nathalie Dion
514.904.1333
nathalie@mi3.ca
www.mi3.ca
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