Eagle Hill Hits Gold Results on First Four Drill Holes From Summer Drill Program at Windfall Lake
VANCOUVER, BRITISH COLUMBIA--(Aug. 4, 2010) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce that it has received the final assay results from its first 4 holes (Holes EAG-10-227, 228, 229 and 231) from the Company's 14 Hole summer drill program at the Windfall Lake Property.
The final assay results show gold results in all of the first four holes drilled. A sample of these results include Hole EAG-10-229 with 7.72 g/t gold over 11.40 meters (4.96 g/t when cut to 1.00 oz/t), including 78.30 g/t gold over 0.80 meters, and in a separate intercept 26.10 g/t gold over 2.00 meters (22.50 g/t when cut to 1.00 oz/t). Hole EAG-10-331 showed 4.78 g/t gold over 9.75 meters (the same when cut to 1.00 oz/t) including 26.10 g/t gold over 1.0 meter. Most importantly there were gold results over widths of at least 7.00 meters in all four holes. In addition there appears to be evidence of a new zone of gold mineralization at a depth of only 60 meters from the surface.
"These results show continuity of gold mineralization throughout what we have referred to as Zone 27," explained Brad Kitchen, President and C.E.O. of Eagle Hill. "We feel there is no question that there is a gold deposit at Windfall Lake, the only question which remains is how many zones are on the entire property and how large is the related gold deposit."
Drill holes 227, 228, 229 and 231 are the first four holes from the summer drill program at Windfall Lake Property. The summer drill program is scheduled to be 14 holes and will encompass approximately 5,000 meters in total. The current drill program is just over 50% complete but final assay results are slow in coming due to increased volume at the assay lab. Assay results from the whole program will be released as they become available.
This current drill program was designed to better understand the geological structure of the gold mineralization in Zone 27. This zone encompasses historic drill holes such as NOT-04-27 (3.90 g/t gold over 35.55 meters), NOT-05-73 (39.94 g/t gold over 17.30 meters) and EAG-10-196 (14.2 g/t gold over 52.00 meters). The results from the current drill program confirm the continuity of the gold mineralization throughout Zone 27. Discovery of the potential new zone close to the surface was not anticipated. The results from the entire program will be used to update the Windfall Lake Property model. The model will then help assess new gold mineralization so that a better understanding of the property's gold deposits can be determined.
The following table shows the most material assay results from Holes EAG-10-227, 228, 229 and 231. A complete table of results will be shown in the near future on Eagle Hill's website at www.eaglehillexploration.com.
Summer 2010 Windfall Drill Program � First 4 Holes |
Hole Number |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Cut to 1 oz/t |
EAG-10-227 |
35.25 |
37.00 |
1.75 |
2.43 |
2.43 |
227.85 |
233.00 |
5.15 |
2.85 |
2.85 |
282.90 |
290.00 |
7.10 |
2.07 |
2.07 |
|
EAG-10-228 |
60.95 |
66.40 |
5.45 |
1.80 |
1.80 |
289.00 |
292.00 |
3.00 |
1.59 |
1.59 |
298.00 |
302.00 |
4.00 |
1.04 |
1.04 |
337.00 |
347.00 |
10.00 |
1.37 |
1.37 |
|
EAG-10-229 |
60.30 |
62.00 |
1.70 |
4.73 |
4.73 |
196.30 |
197.20 |
0.90 |
7.46 |
7.46 |
313.00 |
315.00 |
2.00 |
26.10 |
22.50 |
326.60 |
338.00 |
11.40 |
7.72 |
4.96 |
Incl. |
328.60 |
329.40 |
0.80 |
78.30 |
|
|
EAG-10-231 |
60.80 |
67.00 |
6.20 |
5.35 |
5.35 |
317.35 |
319.30 |
1.95 |
4.59 |
4.59 |
339.20 |
348.00 |
9.75 |
4.78 |
4.78 |
Incl. |
341.00 |
342.00 |
1.00 |
26.10 |
|
True widths of the mineralized zones are estimated at 60% to 75% of the core lengths reported in the table above.
Gold analyses reported in this release were performed by standard fire assay using a 30g charge with atomic absorption finish and a gravimetric finish for assays greater than 10 g/t. Assays returning results over 1 oz/t gold by atomic absorption are re-assayed using metallic sieve method. All assays were performed by ALS Chemex Laboratory Group, in Val D'Or, Quebec and Vancouver, British Columbia. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program conceived by the Murgor Resources Inc. technical team. The QA-QC program, includes duplicate samples, blanks and analytical standards.
Mr. Terence Schorn, P.Geo. is a Qualified Person registered in Quebec as defined by NI-43-101 and has reviewed the technical information 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. Eagle Hill has signed options with Murgor Resources Inc., 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.
ON BEHALF OF THE BOARD,
P. Bradley Kitchen, President
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.
For more information, please contact
Eagle Hill Exploration Corporation (Vancouver)
Brad Kitchen
604.638.8072
info@eaglehillexploration.com
For further information call: |
OR: |
Luc St-Pierre |
Nathalie Dion |
Phone: 514 904-1333 |
Phone: 514 904-1333 |
Email: luc@mi3.ca |
Email: nathalie@mi3.ca |
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.
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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 implied 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.