Eagle Hill Exploration Corporation: Near Surface Drill Results Include 6.18 g/t Gold Over 40.0 Meters and 19.14 g/t Gold Over...
April 25 2013 - 7:30AM
Marketwired Canada
Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the
"Company") is pleased to announce final assay results from its 2012 drill
program at the Windfall Lake Gold Deposit in Northwestern Quebec. The new
results include wide intercepts of high grade gold mineralization occurring near
surface as a series of parallel lenses. This drilling confirms the continuity
and consistency of the gold mineralization in the upper Extension of Zone 27.
The drilling was completed with a spacing of 15 to 30 meters between drill holes
on sections separated by 25 meters. These results are part of a 22,600 meter
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 2,906,000 tonnes at 8.76 g/t
gold (822,000 ounces) in the inferred category.
Several shallow diamond drill holes continued to test the gold mineralization in
the upper Extension of Zone 27 and were able to better define the geometry of
this zone and to confirm its lateral continuity for over 325 meters. The Zone 27
upper extension consists of a gold-rich lens plunging shallowly to the east and
extending for more than 50 meters vertically, with widths of up to 31 meters.
Some of the new results for this zone include 6.18 g/t Au over 40 meters in
drillhole EAG-12-450 and 19.14 g/t Au over 12.2 meters in drillhole EAG-12-454.
In addition to their intersections in Zone 27, several of the shallow drill
holes returned other significant intersections from parallel mineralized lenses
in the first one hundred meters below the surface. The best results for the
additional lenses include 5.46 g/t Au over 14.3 meters and 9.66 g/t Au over 5.3
meters as listed in the table below.
Eagle Hill has recently completed an additional 4,100 meter drill program that
started at the beginning of February 2013. This drill program targeted the
extensions of the richest and thickest gold mineralization of Zone 27 and the
Caribou Zone at intermediate depth. The results of this drilling will be
announced upon receipt of the assays and management will provide a corporate
update in the near future.
The longitudinal section showing the extension of Zone 27 upper extension has
been posted on Eagle Hill's website, www.eaglehillexploration.com/sections.
The table shows the most significant assay results from the series of drill
holes discussed in this press release.
----------------------------------------------------------------------------
From To Au Length
Drill Hole (m) (m) (g/t) (m) Comment
----------------------------------------------------------------------------
EAG-12-450 27.0 27.5 21.7 0.5 Isolated intercept
----------------------------------------------------------------------------
EAG-12-450 58.0 98.0 6.18 40.0 Zone 27 Upper Extension
-----------------------------------------
incl. 59.5 61.1 4.76 1.6
-----------------------------------------
incl. 73.6 80.2 31.70 6.6
-----------------------------------------
incl. 79.5 80.2 129.50 0.7
----------------------------------------------------------------------------
EAG-12-451 54.8 60.1 9.66 5.3 Zone parallel to Zone 27 upper Ext.
-----------------------------------------
incl. 55.7 57.0 32.63 1.3
----------------------------------------------------------------------------
EAG-12-451 122.0 143.0 3.37 21.0 Zone 27 south of the fault
-----------------------------------------
incl. 124.0 125.0 14.25 1.0
-----------------------------------------
incl. 129.0 130.2 10.55 1.2
----------------------------------------------------------------------------
EAG-12-453 58.0 64.9 7.44 6.9 Zone 27 Upper Extension
-----------------------------------------
incl. 59.9 61.0 16.70 1.1
----------------------------------------------------------------------------
EAG-12-454 62.8 75.0 19.14 12.2 Zone 27 Upper Extension
-----------------------------------------
incl. 65.0 66.0 32.20 1.0
-----------------------------------------
incl. 68.0 69.0 57.10 1.0
-----------------------------------------
incl. 69.0 69.8 59.10 0.8
-----------------------------------------
incl. 69.8 70.2 116.50 0.4
----------------------------------------------------------------------------
EAG-12-454 98.0 103.0 3.49 5.0 Zone parallel to Zone 27 upper Ext.
----------------------------------------------------------------------------
EAG-12-455 76.8 80.5 7.99 3.7 Zone 27 Upper Extension
-----------------------------------------
incl. 76.8 78.0 12.85 1.2
----------------------------------------------------------------------------
EAG-12-456 32.0 33.4 31.80 1.4 Isolated intercept
----------------------------------------------------------------------------
EAG-12-456 61.0 65.0 5.26 4.0 Zone parallel to Zone 27 upper Ext.
----------------------------------------------------------------------------
EAG-12-456 71.0 76.2 4.77 5.2 Zone 27 Upper Extension
----------------------------------------------------------------------------
EAG-12-457 73.0 74.0 6.12 1.0 Isolated intercept
----------------------------------------------------------------------------
EAG-12-457 103.0 132.0 1.91 25.0 Zone 27 Upper Extension
-----------------------------------------
incl. 123.1 124.0 9.58 0.9
----------------------------------------------------------------------------
EAG-12-458 73.5 74.1 18.00 0.6 Isolated intercept
----------------------------------------------------------------------------
EAG-12-459 45.7 60.0 5.46 14.3 Zone parallel to Zone 27 upper Ext.
-----------------------------------------
incl. 47.0 48.0 17.30 1.0
-----------------------------------------
incl. 48.0 49.0 32.90 1.0
----------------------------------------------------------------------------
EAG-12-459 102.8 104.0 21.70 1.2 Isolated intercept
----------------------------------------------------------------------------
EAG-12-459 131.2 138.0 2.01 6.8 Zone 27 Upper Extension
----------------------------------------------------------------------------
The true widths are interpreted to be approximately 70 percent of reported width.
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.
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
signed options with Noront (as described above) and also jointly with Murgor
Resources Inc. and Cliffs Natural Resources Inc. (formerly, Freewest Resources
Canada Inc.) 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
('000 tonnes) (g/t) Gold (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
604.559.5573 or Cellular: 604.764.6847
Network IR (Vancouver)
Benjamin Curry
604.559.5573 or Cellular: 604.764.6847
andrew@networkir.com
www.networkir.com
MI3 Communications Financières Inc. (Montréal)
Nathalie Dion
514.904.1333
nathalie@mi3.ca
www.mi3.ca
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