Eagle Hill Exploration

Published : November 27th, 2014

Announces Increased Gold Recovery at the Windfall Lake Gold Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Diamond | Gold | Recovery | Report | Silver |

Having trouble viewing this email? Click Here

 

Eagle Hill Announces Increased Gold Recovery at the Windfall Lake Gold Project

November 27, 2014 � Vancouver, BC � Eagle Hill Exploration Corporation (TSX-V: EAG, OTCQX: EHECF)(�Eagle Hill� or the �Company�) is pleased to announce that additional metallurgical testing indicates that up to 95.7% of gold at the Windfall Lake Gold Project could be recovered using a standard flotation and cyanide leaching process. Eagle Hill is currently completing a Preliminary Economic Assessment study for the Windfall Lake Gold Project, which hosts a high-grade gold deposit located between Val-d�Or and Chibougamau in Quebec, Canada.

The new metallurgical testing was supervised by Soutex Inc., a consulting firm specializing in metallurgy and milling with more than 40 metallurgists, process engineers and technicians on staff. Soutex has worked with many of the mid-tier and senior mining companies, including Rio Tinto, Agnico Eagle, Iamgold, Barrick and Xstrata. Soutex is one of the five internationally recognized engineering firms working on the Preliminary Economic Assessment study, scheduled for completion in Q1-2015.

In 2013, Eagle Hill used two 75-kg samples from two sectors of the deposit to complete metallurgical testing. In October 2014 Eagle Hill performed cyanide leaching on the flotation test reject from the 2013 testwork to determine the amount of recoverable gold still present in the material. This new testing, completed by ALS Minerals, Metallurgy Division in Kamloops, Canada, shows that gold recovery can be increased by 4% when flotation rejects are ground to less than 70 �m and processed with cyanide leaching. As a result, Eagle Hill will use a 95.7% gold recovery factor in the Preliminary Economic Assessment, an increase from the 91.7% recovery factor used in the National Instrument 43-101 technical report for the project prepared by SRK Consulting (Canada), Inc. dated April 17, 2014.

Gold mineralization at the Windfall Lake deposit is closely associated with pyrite and minor chalcopyrite. Pyrite can comprise as much as 80% of the mineralization and is suitable for flotation. Microscopic analysis shows an important quantity of gold located in the margins and cracks of pyrite grains and also as inclusions in the pyrite grains (Figure 1). The metallurgical testing and microscopic analysis indicate that Windfall Lake mineralization is relatively simple with no deleterious elements. In addition, the distribution and size of the gold grains indicates that maximum gold extraction can be achieved through a simple metallurgical process, with a gravity circuit followed by flotation of the pyrite to produce a concentrate that will be leached.

�The new metallurgical results, indicating gold recovery of 95.7%, bode well for the economics of the Windfall Lake Gold Project,� said John Proust, Chairman and Interim CEO of Eagle Hill. �Completion of the Preliminary Economic Assessment study in Q1-2015 will be an important milestone as we focus on advancing this promising, high-grade gold deposit toward production.�

On Behalf of the Board of Directors

John Proust

Chairman and Interim CEO

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, Canada. The current mineral resource comprises 2,375,000 tonnes at 9.75 g/t gold (744,000 ounces) in the indicated category and 3,084,000 tonnes at 7.37 g/t gold (731,000 ounces) in the inferred category (Technical Report for the Windfall Lake Gold Project, Quebec prepared by SRK Consulting (Canada) Inc., dated April 17, 2014). These grades make Windfall Lake one of the highest grade resource-stage gold projects in the world. 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. The deposit remains open at depth and along strike, with additional drilling and technical work planned for 2014. More information is available at www.eaglehillexploration.com. 

Eagle Hill Contact

Rhylin Bailie
Vice President, Communications & Investor Relations
Telephone: 604-697-5791
Email: info@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 related to the metallurgical testing has been reviewed by Senior Metallurgist and Mineral processing Specialist Pierre Roy from Soutex. Other 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 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. 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�, �could�, �will be�, �advancing�, 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 Corporation and Southern Arc Minerals 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.

Figure 1 � Photomicrographs of gold mineralization at the Windfall Lake Gold Project, showing the relationship between gold and pyrite. Gold is frequently in fractures of pyrite and also occurs as free grains, confirming easy extraction using standard metallurgical processes.

 
Eaglehill Exploration Corp.






This email was sent to newsrelease@24hgold.com
why did I get this?        
Eagle Hill Exploration Corporation � Suite 1680 � 200 Burrard Street � Vancouver, British Columbia V6C 3L6 � Canada

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Eagle Hill Exploration

EXPLORATION STAGE
CODE : EAG.V
ISIN : CA26959U1093
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Eagle Hill Expl. is a uranium exploration company based in Canada.

Eagle Hill Expl. holds various exploration projects in Canada.

Its main exploration properties are WINDFALL LAKE (EAGLE HILL) and MAC PROPERTY in Canada.

Eagle Hill Expl. is listed in Canada. Its market capitalisation is CA$ 17.0 millions as of today (US$ 12.7 millions, € 11.2 millions).

Its stock quote reached its lowest recent point on January 23, 2015 at CA$ 0.02, and its highest recent level on June 26, 2015 at CA$ 0.93.

Eagle Hill Expl. has 26 130 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Eagle Hill Exploration
6/5/2014Closes on Further Tranche of Financing=2C Continues to Fill ...
5/9/2014Closes on $2.3 Million of Financing=2C Continues to Fill Ord...
12/30/2013Completes Flow=2Dthrough Private Placement of $2 Million
9/17/2012Announces Close of Financing
1/13/2012Eagle Hill Announces Flow-Through Financing
5/2/2011Closes Oversubscribed Financing With London Based Institutio...
4/12/2011Arranges $3,000,000 Financing
Nominations of Eagle Hill Exploration
11/27/2013Appoints Danny Lee as Chief Financial Officer
9/16/2013Commences 25=2C000 Metre Drill Program and Appoints Daniel R...
Financials of Eagle Hill Exploration
6/29/2015Second Quarter Financial Results
2/26/2014Year=2Dend Financial Results
10/1/2013Third Quarter Financial Results
Project news of Eagle Hill Exploration
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
5/9/2011(Windfall Lake (eagle Hill))Eagle Hill Intersects 8.97 G/T Gold Over 8.0 Meters At The ...
3/9/2011(Windfall Lake (eagle Hill))Continues to Intersect High Grade Gold Including 13.32 g/t G...
2/28/2011(Windfall Lake (eagle Hill))Intersects Near Surface High Grade Gold Including 26.89 g/t ...
8/20/2010(Windfall Lake (eagle Hill))Hits Significant Gold in the First 10 Holes of the Windfall...
8/4/2010(Windfall Lake (eagle Hill))Hits Gold Results on First Four Drill Holes From Summer Dri...
Corporate news of Eagle Hill Exploration
8/26/2015Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Cor...
8/25/2015Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Cor...
8/22/2015Oban, Eagle Hill, Ryan And Corona Business Combination Recei...
8/21/2015Eagle Hill, Oban, Ryan and Corona Business Combination Recei...
8/21/2015Oban, Eagle Hill, Ryan and Corona Business Combination Recei...
8/20/2015Eagle Hill, Oban, Ryan and Corona Business Combination Recei...
8/11/2015Glass Lewis and ISS Recommend that Oban, Eagle Hill, Ryan an...
8/11/2015Glass Lewis and ISS Recommend that Eagle Hill, Oban, Ryan an...
8/10/2015Glass Lewis and ISS Recommend That Eagle Hill, Oban, Ryan an...
7/29/2015Oban, Eagle Hill, Ryan Gold and Corona Gold File Circulars R...
7/29/2015Eagle Hill Exploration, Oban Mining, Ryan Gold, and Corona G...
6/29/2015Eagle Hill Second Quarter Financial Results
6/27/2015Eagle Hill Exploration Reports Results of Annual General Mee...
6/26/2015Eagle Hill Exploration Reports Results of Annual General Mee...
6/23/2015Eagle Hill Exploration Annual General Meeting and Shareholde...
4/14/2015Eagle Hill Exploration Appoints David Christie as President ...
3/31/2015Eagle Hill First Quarter Financial Results
3/2/2015Eagle Hill Year-end Financial Results
1/21/2015Eagle Hill Proceeds with Share Consolidation
1/13/2015Eagle Hill Announces Proposed Share Consolidation
12/31/2014Eagle Hill to Cease Trading on OTCQX
11/27/2014Eagle Hill Announces Increased Gold Recovery at the Windfall...
11/10/2014Eagle Hill’s Summer 2014 Deep Drill Program Further Highligh...
11/10/2014Eagle Hill's Summer 2014 Deep Drill Program Further Highligh...
9/24/2014Eagle Hill Third Quarter Financial Results
9/18/2014Eagle Hill Commences Preliminary Economic Assessment Study f...
8/5/2014Eagle Hill Commences 2,800-metre Deep Drill Program at the W...
6/30/2014Eagle Hill Second Quarter Financial Results
6/24/2014Eagle Hill Announces Positive Drill Results and Initiation o...
2/3/2014and Southern Arc Minerals to Host Investor Session on March ...
11/5/2013Fall 2013 Drilling Program Discovers Extension to Main Zone ...
9/11/2013Grants Incentive Stock Options
8/15/2013Consolidates 100% Ownership of Windfall Lake Gold Deposit
6/28/2013Consolidates 100% of the Windfall Lake Gold Deposit and Arra...
5/10/2013Corporate Update and Development Strategy
4/22/2013Announces Three Year Extension of Windfall Lake Option Agree...
4/10/2013Extends Gold Mineralization to a Depth of 870 Meters With 15...
1/16/2013Intersects 14.74 g/t Gold Over 17.9 Meters in Near Surface M...
11/7/2012Identifies New Gold Zone Extension at Depth With 24.46 g/t o...
10/24/2012Announces the Signing of an Exploration Agreement With the G...
10/3/2012Reports Positive Results From Initial Grinding Test at Windf...
10/3/2012Reports Positive Results From Initial Grinding Test at Windf...
9/27/2012Intersects 10.59 g/t Gold Over 24.0 Meters and Expands Near ...
7/19/2011Continues to Expand Gold Zones at Windfall Lake
7/5/2011Summer 2011 Windfall Lake Property Update
3/21/2011Engages SRK Consulting to Prepare Initial Mineral Resource E...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (EAG.V)
0.650-9.72%
TSX-V
CA$ 0.650
08/26 15:52 -0.070
-9.72%
Prev close Open
0.720 0.720
Low High
0.570 0.720
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.650 -%
Volume 1 month var.
159,000 -%
24hGold TrendPower© : 35
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/11/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :