Eagle Hill
Intersects 8.97 G/T Gold Over 8.0 Meters At The
Windfall Lake Property And Expands The Caribou Zone
VANCOUVER, BRITISH COLUMBIA � May 4, 2011 (TSX.V: EAG) Eagle Hill Exploration Corporation ("Eagle Hill" or the
"Company") is pleased to announce that it has received assay results
from an additional 8 drill holes from the Company�s 2011 drill program. The
results of the drilling confirm the extension of the Caribou Zone to the east
and the west and expand Zone 27 further to the east while continuing to prove
out the continuity of the gold mineralization on the Windfall Lake Property
(the "Windfall Lake Property" or the "Property").
Drill hole EAG-11-258 expanded the Caribou zone by 200
meters to the west with an intersection of 20.82 g/t Au over 2.0 m, only 85
meters below surface. This drill hole targeted a well-defined geophysical
conductor extending to the west from the Caribou zone. The Caribou Zone was also
extended to the east with drill hole EAG-11-262 that returned 8.97 g/t Au over
8.0 m. This drill hole tested a 150 meter undrilled sector between the Caribou
Zone to the west and the W3 Zone to the east and this new intersection suggests
that the two zones might be connected. Further drilling during the summer will
test this continuity.
EAG-11-259 intersected 7.94 g/t Au over 2.0 meters
within the Mink zone at 265 meters below surface. The drilling was also
successful at identifying new gold mineralization between the Caribou and Mink
Zones with 4.67 g/t Au over 7.0 m (EAG-11-255). New gold mineralization
associated with pyrite stockwork was also intersected
some 40 meters to the northwest of Zone 27 and returned 5.20 g/t Au over 5.1 m
(EAG-11-259).
Eagle Hill has now completed its scheduled 10,000
meter drill program and the assay results of only the last 6 holes are still
pending. A map of the Windfall Lake Property outlining the location of the gold
zones, drill holes and areas of potential expansion has been posted on Eagle
Hill's website at www.eaglehillexploration.com/windfall_lake_property/maps/.
The following table shows the most material assay
results from the eight drill holes. A complete table of results will be shown
in the near future on Eagle Hill�s website.
Hole
Number
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
Comments
|
EAG-11-255
|
122.00
|
126.00
|
4.00
|
2.79
|
Zone parallel to Caribou
|
201.00
|
208.00
|
7.00
|
4.67
|
Between Caribou and Mink
|
322.00
|
337.00
|
15.00
|
1.21
|
Zone 27
|
|
|
|
|
|
|
EAG-11-256
|
189.00
|
193.00
|
4.00
|
2.43
|
Caribou Zone
|
|
|
|
|
|
|
EAG-11-257
|
55.00
|
63.00
|
8.00
|
1.42
|
Extension of Caribou to the west by 100 m
|
|
|
|
|
|
|
EAG-11-258
|
96.00
|
98.00
|
2.00
|
20.82
|
Extension of Caribou to the west by 200 m
|
|
|
|
|
|
|
EAG-11-259
|
315.00
|
317.00
|
2.00
|
7.94
|
Mink Zone
|
393.00
|
412.00
|
19.00
|
13.32
|
Zone 27 (published on March 8, 2011)
|
467.90
|
473.00
|
5.10
|
5.20
|
Pyrite zone, 40 m to the NW of Zone 27
|
|
|
|
|
|
|
EAG-11-260
|
266.00
|
272.00
|
6.00
|
2.10
|
Mink Zone, up to 15% pyrite
|
482.70
|
483.50
|
0.80
|
8.60
|
Shear zone, 10% Py, 120 m
to the NW of Zone 27
|
504.00
|
505.00
|
1.00
|
71.80
|
Py stringer
zone, 135 m to the NW of Zone 27
|
|
|
|
|
|
|
EAG-11-262
|
134.00
|
142.00
|
8.00
|
8.97
|
Caribou Zone
|
|
|
|
|
|
|
EAG-11-263
|
51.00
|
56.25
|
5.30
|
1.90
|
Caribou Zone, 5 m below bedrock surface
|
The true widths are approximately 70% 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 ton. Assays returning
results over 1 ounce per ton of gold by atomic absorption are
re-assayed using the metallic sieve method. All assays were performed by ALS Chemex Laboratory Group, in Val d�Or, Quebec. 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.
Jean-Philippe Desrochers,
Ph.D., P.Geo. 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 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 historic grassroots exploration work. Along with its
independently acquired claims at the Windfall Lake Property. Eagle Hill has
signed options with Murgor Resources Inc., Cliffs
Natural Resources Inc. (formerly, Freewest Resources
Canada Inc.), and Noront Resources Inc. to acquire
the Windfall Lake Property.
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 and precious metal 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 have 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD,
"P.
Bradley Kitchen"
P. Bradley Kitchen, President
For further information, please contact:
FORWARD LOOKING STATEMENTS
This release contains "forward-looking
statements" within the meaning of applicable Canadian securities
legislation, including predictions, projections and forecasts. Forward-looking
statements include, but are not limited to, statements that address activities,
events or developments that the Company expects or anticipates will or may
occur in the future, including such things as future business strategy,
competitive strengths, goals, expansion, growth of the Company�s businesses,
operations, plans and with respect to exploration results, the timing and
success of exploration activities generally, permitting time lines, government
regulation of exploration and mining operations, environmental risks, title
disputes or claims, limitations on insurance coverage, timing and possible
outcome of any pending litigation and timing and results of future resource
estimates or future economic studies.
Often, but not always, forward-looking statements can
be identified by the use of words such as "plans",
"planning", "planned", "expects" or "looking
forward", "does not expect", "continues",
"scheduled", "estimates", "forecasts",
"intends", "potential", "anticipates", "does
not anticipate", or "belief", or describes a "goal",
or variation of such words and phrases or state that certain actions, events or
results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of
material factors and assumptions, including, the result of drilling and
exploration activities, that contracted parties provide goods and/or services
on the agreed timeframes, that equipment necessary for exploration is available
as scheduled and does not incur unforeseen break downs, that no labour
shortages or delays are incurred, that plant and equipment function as specified,
that no unusual geological or technical problems occur, and that laboratory and
other related services are available and perform as contracted. Forward-looking
statements involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results, performance
or achievements to be materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or im plied by the forward-looking statements. Such factors
include, among others, the interpretation and actual results of current
exploration activities; changes in project parameters as plans continue to be
refined; future prices of gold; possible variations in grade or recovery rates;
failure of equipment or processes to operate as anticipated; the failure of
contracted parties to perform; labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of exploration, as well as those factors disclosed in the company's
publicly filed documents. Although both companies have attempted to identify
important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.