Eagle Hill Completes Fall Drill Program, Releases Interim Results
December 19 2013 - 5:00AM
Marketwired Canada
Eagle Hill Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF)(FRANKFURT:EH0)
("Eagle Hill" or the "Company") is pleased to announce that the Company has
completed its fall 2013 drill program, which commenced in September 2013 with
the objective of expanding the existing mineral resource. The drill program was
completed on time and on budget, with a total of approximately 28,000 metres
completed in 65 diamond drill holes. Assay results for the first 11 were
reported on November 5, 2013, and this release contains the results from a
further 24 holes (Table 1). Assay results from the remaining 30 holes are
expected in January 2014.
The diamond drill program was focused in three areas: testing a large, sparsely
drilled anomaly to the southwest of the Main Zone, drilling lateral extension of
known gold lenses within the Main Zone, and testing the extension of
mineralization at depth. The first 11 holes (4,821 metres) tested geophysical
anomalies southwest of the tested limit of the Main Zone gold mineralization.
The Company drilled three sections, stepping out 150, 300 and 500 metres along
strike. Each section intersected significant gold mineralization, confirming the
potential to extend the known gold resource in this direction. In December 2013
Eagle Hill drilled seven follow-up holes in this newly identified zone, with
results pending.
In the Main Zone the Company drilled 47 holes (20,100 metres) with the objective
of expanding the strike length of the major resource lenses (the Zone 27,
Caribou, Mink and Mallard lenses). While not all results have been received,
assays received to date indicate the potential to expand the Mallard Lense to
the west and below the Red Dog non-mineralized intrusion, with intersections of
328 g/t gold over 0.9 m (EAG-13-484) and 24.1 g/t gold over 1.0 m (EAG-13-483),
respectively. Assays also indicate that high-grade mineralization extends as
much as 80 metres down-plunge of the Mink Lense, extending the Mink Lense to 400
metres below surface with 8.4 g/t gold over 4.0 m (EAG-13-496) and 11.2 g/t gold
over 0.8 m (EAG-13-485).
Near the Zone 27 Lense, a shear zone was intersected in EAG-13-502 with 24.9 g/t
gold over 1.1 m at a depth of 537 metres. This could represent a splay of the
shear zone intersected in EAG-13-466 (12.4 m @ 288.5 g/t gold)(1), located
approximately 65 metres to the southwest, and may represent another high-grade
gold structure.
The Company also completed a hole-to-hole induced polarization geophysics
program to identify possible depth extensions of gold mineralized lenses of the
Main Zone below the Red Dog non-mineralized intrusion. The results of the survey
are being processed.
Eagle Hill will release the remaining assay results in January 2014, along with
a detailed interpretation of how the fall 2013 drill program has advanced the
Company's understanding of the Windfall Lake gold deposit. Eagle Hill will also
release an updated mineral resource estimate in Q1-2014. The Company has more
than 57,000 metres of new drilling to incorporate into the updated resource
estimate, with 28,000 metres from the current drill program, and 106 holes
totalling 29,208 metres(1) that were drilled after the 2012 resource estimate
and prior to the current program.
(1) Drill results have been previously disseminated by press release and are
available on SEDAR and on Eagle Hill's website.
On Behalf of the Board of Directors
John Proust, Chairman and Interim CEO
About the Windfall Lake Gold Project
The Windfall Lake gold deposit comprises a number of lenses of pyritic
stockworks and shears hosted in Archean felsic and intermediate volcanics
situated in the Urban-Barry Greenstone Belt, approximately 200 km northeast of
Val d'Or, Quebec. SRK Consulting (Canada) Inc. completed a National Instrument
43-101 compliant resource estimate for Eagle Hill in July 2012 based on
historical drilling by Eagle Hill and previous operators. The estimated resource
comprises 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. The bulk of the mineralization occurs in the Main Zone, a
southwest/northeast trending zone of stacked mineralized lenses, measuring
approximately 600 metres wide and at least 1,400 metres long.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral exploration company
focused on the exploration and development of the high-grade Windfall Lake Gold
Deposit, located between Val-d'Or and Chibougamau in Quebec. In August 2013,
Southern Arc Minerals and Dundee Corporation invested an aggregate of $12
million to purchase a controlling interest in Eagle Hill, consolidate ownership
of the Windfall Lake property and fund an aggressive exploration program. More
information is available at www.eaglehillexploration.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Qualified Person
The technical information in this document has been reviewed by Eagle Hill's
Vice President Exploration, Jean-Philippe Desrochers, PhD, PGeo, who has
sufficient experience relevant to the style of mineralization under
consideration and qualifies as a Qualified Person as defined by National
Instrument 43-101. The drill program and sampling protocol is managed by Eagle
Hill under the supervision of Jean-Philippe Desrochers. The diamond drill holes
are drilled at NQ sizes and core recovery to date has averaged better than
95.0%. Half core is cut by rock saw and is generally sampled using nominal
1-metre intervals; however, sample intervals vary according to geological
contacts and have ranged between 0.3 to 1.5 metres in length. Two quality
control samples (one blank and one certified reference material) are inserted
into each batch of 20 samples. All assays were performed by ALS Chemex
Laboratory Group, in Val d'Or, Quebec. The half core samples are securely
transported from the project site to the ALS Chemex laboratory by Eagle Hill
personnel. Gold analyses reported in this release were performed by standard
fire assay using a 50-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. In addition, an Aqua regia digestion with ICP-AES finish is used to
analyse a full suite of elements including silver and base metals.
Cautionary Note Regarding Forward-looking Statements
This document contains certain forward-looking information and forward-looking
statements within the meaning of applicable securities legislation (collectively
"forward-looking statements"). The use of any of the words "will", "plans",
"objective", "expand", "potential" and similar expressions are intended to
identify forward-looking statements. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking statements.
Such forward-looking statements should not be unduly relied upon. This document
contains forward-looking statements and assumptions pertaining to the following:
uncertainty involving resource estimates and the ability to extract those
resources economically, or at all; uncertainty involving drilling programs and
the Company's ability to expand and upgrade existing resource estimates; the
regulatory process and actions; the need to work with local communities and
authorities to advance the properties; the need to work with Dundee and Southern
Arc to advance the property; technical issues; new legislation; competitive
factors and conditions; uncertainties resulting from potential delays or changes
in plans; the occurrence of unexpected events; and the Company's ability to
execute and implement future plans. Actual results achieved may vary from the
information provided herein as a result of numerous known and unknown risks and
uncertainties and other factors, including uncertainty related to drill results
and the inclusion of drill results in future resource estimates for the
property. The Company believes the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct.
Table 1 - Windfall Lake Gold Deposit Fall 2013 Drill Program - Assays Received
as at December 18, 2013
----------------------------------------------------------------------------
Total
Section Drill Hole Depth (m) Coordinates
------------------------------------
East North Elevation
----------------------------------------------------------------------------
1850 EAG-13-478 686 451821 5434321 407
1850 EAG-13-478 686 451821 5434321 407
1850 EAG-13-478 686 451821 5434321 407
----------------------------------------------------------------------------
1850 EAG-13-487 543 451778 5434404 396
----------------------------------------------------------------------------
1950 EAG-13-488 165 451924 5434352 396
----------------------------------------------------------------------------
1950 EAG-13-489 180 451903 5434391 392
----------------------------------------------------------------------------
2050 EAG-13-491 156 452010 5434398 401
2050 EAG-13-491 156 452010 5434398 401
2050 EAG-13-491 156 452010 5434398 401
----------------------------------------------------------------------------
2050 EAG-13-492 108 451992 5434428 399
----------------------------------------------------------------------------
2075 EAG-13-486 584 451950 5434556 405
----------------------------------------------------------------------------
2075 EAG-13-503 222 451962 5434530 391
----------------------------------------------------------------------------
2125 EAG-13-482 132 451883 5434784 399
----------------------------------------------------------------------------
2125 EAG-13-500 279 452017 5434539 392
2125 EAG-13-500 279 452017 5434539 392
2125 EAG-13-500 279 452017 5434539 392
2125 EAG-13-500 279 452017 5434539 392
----------------------------------------------------------------------------
2125 EAG-13-501 273 452007 5434553 393
2125 EAG-13-501 273 452007 5434553 393
2125 EAG-13-501 273 452007 5434553 393
2125 EAG-13-501 273 452007 5434553 393
2125 EAG-13-501 273 452007 5434553 393
----------------------------------------------------------------------------
2175 EAG-13-483 557 452005 5434663 402
2175 EAG-13-483 557 452005 5434663 402
----------------------------------------------------------------------------
2175 EAG-13-484 156 451922 5434814 405
2175 EAG-13-484 156 451922 5434814 405
----------------------------------------------------------------------------
2375 EAG-13-480 521.6 452400 5434484 404
2375 EAG-13-480 521.6 452400 5434484 404
2375 EAG-13-480 521.6 452400 5434484 404
2375 EAG-13-480 521.6 452400 5434484 404
----------------------------------------------------------------------------
2525 EAG-13-493 285 452240 5434954 410
----------------------------------------------------------------------------
2525 EAG-13-495 282 452231 5434976 401
----------------------------------------------------------------------------
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
2550 EAG-13-498 570 452502 5434550 400
----------------------------------------------------------------------------
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
2625 EAG-13-485 633 452562 5434601 402
----------------------------------------------------------------------------
2625 EAG-13-502 604.7 452507 5434696 404
2625 EAG-13-502 604.7 452507 5434696 404
2625 EAG-13-502 604.7 452507 5434696 404
2625 EAG-13-502 604.7 452507 5434696 404
2625 EAG-13-502 604.7 452507 5434696 404
----------------------------------------------------------------------------
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
2675 EAG-13-496 628.7 452584 5434655 399
----------------------------------------------------------------------------
2750 EAG-13-494 707 452729 5434542 392
2750 EAG-13-494 707 452729 5434542 392
2750 EAG-13-494 707 452729 5434542 392
2750 EAG-13-494 707 452729 5434542 392
2750 EAG-13-494 707 452729 5434542 392
2750 EAG-13-494 707 452729 5434542 392
----------------------------------------------------------------------------
2750 EAG-13-499 711 452669 5434668 374
2750 EAG-13-499 711 452669 5434668 374
2750 EAG-13-499 711 452669 5434668 374
2750 EAG-13-499 711 452669 5434668 374
2750 EAG-13-499 711 452669 5434668 374
----------------------------------------------------------------------------
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
2850 EAG-13-490 675 452730 5434746 397
----------------------------------------------------------------------------
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
2900 EAG-13-497 744 452771 5434768 398
----------------------------------------------------------------------------
----------------------------------------------------------------------------
From To Interval Gold
Section Azimuth Dip (m) (m) (m) (g/t)
----------------------------------------------------------------------------
1850 328.6 -46.5 200 202 2.0 12.62
1850 328.6 -46.5 incl. 201 202 1.0 20.50
1850 328.6 -46.5 207 208 1.0 4.75
----------------------------------------------------------------------------
1850 331.6 -45.6 110.6 111.5 0.9 5.71
----------------------------------------------------------------------------
1950 330 -55 No significant results
----------------------------------------------------------------------------
1950 330 -50 No significant results
----------------------------------------------------------------------------
2050 330 -56 56.0 56.9 0.9 5.55
2050 330 -56 76.0 76.3 0.3 6.25
2050 330 -56 94.5 95.2 0.7 17.20
----------------------------------------------------------------------------
2050 330 -55 39.0 40.1 1.1 6.23
----------------------------------------------------------------------------
2075 330 -47 130.2 131.5 1.3 2.29
----------------------------------------------------------------------------
2075 330 -56 No significant results
----------------------------------------------------------------------------
2125 330 -55 No significant results
----------------------------------------------------------------------------
2125 330 -55 15.8 16.1 0.3 2.17
2125 330 -55 102.3 102.6 0.3 2.08
2125 330 -55 208 209.0 1.0 2.37
2125 330 -55 224.15 235.0 10.9 1.08
----------------------------------------------------------------------------
2125 330 -55 56.8 58.2 1.4 5.02
2125 330 -55 165 168.0 3.0 1.78
2125 330 -55 183.6 194.0 10.4 1.43
2125 330 -55 232.3 233.0 0.7 27.90
2125 330 -55 Several intervals pending
----------------------------------------------------------------------------
2175 330 -49 315.0 316.0 1.0 24.10
2175 330 -49 535.5 536.5 1.0 4.12
----------------------------------------------------------------------------
2175 330 -50 101.3 102.2 0.9 327.98
2175 330 -50 incl 101.3 101.7 0.4 727.00
----------------------------------------------------------------------------
2375 331.1 -57 194.2 196.0 1.8 3.08
2375 331.1 -57 288.0 288.8 0.8 4.51
2375 331.1 -57 491.6 491.9 0.3 4.00
2375 331.1 -57 515.4 515.7 0.3 6.97
----------------------------------------------------------------------------
2525 330 -59 No significant results
----------------------------------------------------------------------------
2525 330 -58 No significant results
----------------------------------------------------------------------------
2550 330 -61 144 146.0 2.0 16.16
2550 330 -61 165.5 167.4 1.9 4.01
2550 330 -61 180 181.0 1.0 19.70
2550 330 -61 190.6 191.1 0.5 3.13
2550 330 -61 209.9 210.3 0.4 2.60
2550 330 -61 288.45 288.9 0.5 32.50
2550 330 -61 288.9 289.4 0.5 2.88
2550 330 -61 375.4 376.0 0.6 3.99
2550 330 -61 379 380.0 1.0 4.10
----------------------------------------------------------------------------
2625 330 -58 203.0 204.0 1.0 5.63
2625 330 -58 212.4 213.0 0.6 4.49
2625 330 -58 278.0 278.5 0.5 4.14
2625 330 -58 318.5 319.0 0.5 21.00
2625 330 -58 456.5 457.3 0.8 37.00
2625 330 -58 520.4 521.2 0.8 11.20
2625 330 -58 557.0 557.5 0.5 5.29
2625 330 -58 606.2 606.5 0.3 4.25
2625 330 -58 609.5 610.1 0.6 8.28
2625 330 -58 611.7 613.5 1.8 7.32
----------------------------------------------------------------------------
2625 330 -57 95 96.0 1.0 1.74
2625 330 -57 138.9 139.5 0.6 2.56
2625 330 -57 197.6 198.0 0.4 1.53
2625 330 -57 244 268.0 24.0 0.96
2625 330 -57 536.2 537.3 1.1 24.91
----------------------------------------------------------------------------
2675 330 -59 110 111.0 1.0 3.89
2675 330 -59 119.9 121.0 1.1 3.14
2675 330 -59 240.7 241.5 0.8 2.54
2675 330 -59 367.6 368.6 1.0 19.70
2675 330 -59 408 409.3 1.3 6.42
2675 330 -59 472.1 473.2 1.1 2.19
2675 330 -59 489 493.0 4.0 8.40
2675 330 -59 511 518.2 7.2 2.87
2675 330 -59 incl. 516 517.0 1.0 7.93
2675 330 -59 527 528.0 1.0 5.86
2675 330 -59 542 543.0 1.0 4.17
2675 330 -59 573 573.8 0.8 2.54
----------------------------------------------------------------------------
2750 330 -60 527.7 538.0 10.3 2.98
2750 330 -60 incl 527.7 529.5 1.8 5.13
2750 330 -60 incl 532 533.0 1.0 14.10
2750 330 -60 630.7 631.4 0.7 4.72
2750 330 -60 663.8 665.0 1.2 4.94
2750 330 -60 676.8 677.3 0.5 9.64
----------------------------------------------------------------------------
2750 330.5 -55.7 44 45.0 1.0 2.25
2750 330.5 -55.7 109 110.0 1.0 2.08
2750 330.5 -55.7 461 463.7 2.7 2.30
2750 330.5 -55.7 515 518.6 3.6 1.14
2750 330.5 -55.7 618 628.4 10.4 0.85
----------------------------------------------------------------------------
2850 330 -61 47.0 47.5 0.5 4.28
2850 330 -61 330.0 332.8 2.8 3.13
2850 330 -61 360.0 361.0 1.0 3.07
2850 330 -61 391.8 392.5 0.7 3.33
2850 330 -61 477.5 478.0 0.5 2.40
2850 330 -61 483.9 484.4 0.5 4.99
2850 330 -61 530.0 530.5 0.5 2.51
2850 330 -61 564.3 565.4 1.1 4.39
2850 330 -61 598.0 598.9 0.9 5.26
2850 330 -61 641.0 641.5 0.5 4.19
----------------------------------------------------------------------------
2900 330 -61 37.5 38.5 1.0 2.23
2900 330 -61 63.7 64.5 0.8 5.63
2900 330 -61 91.6 92.5 0.9 6.06
2900 330 -61 102 102.5 0.5 8.36
2900 330 -61 106 108.5 2.5 4.34
2900 330 -61 incl. 106 106.6 0.6 9.16
2900 330 -61 211.3 212.0 0.7 3.69
2900 330 -61 240 241.0 1.0 16.35
2900 330 -61 417 417.5 0.5 4.70
2900 330 -61 452.5 453.0 0.5 5.58
2900 330 -61 467 470.3 3.3 3.55
2900 330 -61 489.2 490.0 0.8 2.98
2900 330 -61 567.8 568.4 0.6 2.31
2900 330 -61 713.7 715.5 1.8 2.20
2900 330 -61 715.8 EOH Pending
----------------------------------------------------------------------------
FOR FURTHER INFORMATION PLEASE CONTACT:
Eagle Hill Exploration Corporation
Rhylin Bailie
Vice President, Communications & Investor Relations
604-697-5791
info@eaglehillexploration.com
www.eaglehillexploration.com
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