Eagle Hill Intersects 21.02 g/t Gold Over 4.8 Meters Showing Continued Strong Gold Results Near Surface
Published : November 15, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Gold | Growth | Market | Recovery |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2012) - Eagle Hill Exploration Corporation (News - Market indicators) ("Eagle Hill" or the "Company") is pleased to announce additional assay results from its current drill program at the Windfall Lake Gold Deposit in Northwestern Quebec. These results are part of an ongoing drill program designed to expand the size of the mineral resource estimate released on July 25, 2012.

Near surface mineralization

Drilling on the Upper Extension of Zone 27 returned another significant gold interval assaying 21.02 g/t Au over 4.8 meters in drill hole EAG-12-430 at 105 meters below surface. This drill hole corresponds to infill drilling designed to confirm the local continuity of the near surface gold mineralization that is now known over a strike-length of more than 500 meters. This intersection consists of 2 to 20 percent pyrite in a typical sulphide stockwork containing tourmaline, and associated with a porphyry dyke. The Zone 27 - Upper extension represents the faulted off portion of Zone 27, and is located to the northwest of a narrow fault splitting Zone 27 into two zones near the surface. Drill hole EAG-12-430 also intersected Zone 27 on the south side of the fault that returned 4.23 g/t Au over 3.6 meters at 160 meters below surface.

"This new shallow drill hole demonstrates that the near surface gold mineralization is consistent and shows good lateral continuity," stated Brad Kitchen, President and Chief Executive Officer of Eagle Hill Exploration. "Eagle Hill is waiting for winter conditions to commence its permitted ice drilling on shallow lakes to the west and in the vicinity of section 2500 to expand the size of the near surface mineral resource of the Windfall Lake gold deposit. This mineralization should be easily accessed from the existing ramp."

Caribou Zone and Mink Zone

Additional drilling testing the eastern extension of the Caribou Zone returned an intercept of 8.62 g/t Au over 5.5 meters in drill hole EAG-12-427. This intercept is included in a broader interval assaying 3.42 g/t Au over 19.4 meters. Together, this intercept, and the intercept of 4.75 g/t Au over 3.4 meters published on November 6, 2012, confirms both an eastern and an at depth extension of the Caribou zone.

The same drill hole intersected several high grade intervals in the immediate hanging wall of the Mink zone with 37.0 g/t Au over 0.7 meters and 13.25 g/t Au over 0.9 m. The Mink zone itself assayed 9.68 g/t Au over 1.1 meters at about 535 meters below surface.

The gold mineralized zones defined to date at Windfall Lake cover a lateral extension of more than 725 meters and include, from South to North, the Caribou South zone, the Caribou zone, the Mink zone, Zone 27 South, Zone 27, the Mallard zone, and the Mallard North zone. All the zones are near vertical and vary in thickness between 2 meters and 35 meters. In addition to the near surface gold mineralization present at Windfall, recent drilling has demonstrated that mineralized zones that occur below the Red Dog intrusion continue to a depth of 770 meters below the surface with intercepts such as 8.9 g/t Au over 14.0 meters, 5.5 g/t Au over 15.0 meters, and 24.46 g/t Au over 7.4 meters (March 1, 2012 and November 6, 2012 press releases).

A map of the Windfall Lake property outlining the location of the gold zones, drill holes and areas of potential expansion, together with cross-sections, a longitudinal section and pictures of core showing the mineralization style have been posted on Eagle Hill's website, www.eaglehillexploration.com/sections.

The table shows the most significant assay results discussed in this press release.

Hole number From To   Assay   Comments
EAG-12-426 71.00 72.00   297 g/t Au over 1.0 m   Between zones
EAG12-427 589.60 609.00   3.42 g/t Au over 19.4 m   Caribou zone
incl. 598.50 604.00   8.62 g/t Au over 5.5 m
incl. 599.30 600.10   36.3 g/t Au over 0.8 m
incl. 601.30 601.70   12.3 g/t Au over 0.4 m
616.50 617.00   7.49 g/t Au over 0.5 m   Between zones
702.70 703.40   37.0 g/t Au over 0.7 m   Hangingwall of Mink Zone
714.10 715.00   13.25 g/t Au over 0.9 m   Hangingwall of Mink Zone
717.60 718.30   6.94 g/t Au over 0.7 m   Hangingwall of Mink Zone
720.20 721.30   9.68 g/t Au over 1.1 m   Mink Zone
EAG-12-428 125.00 126.00   5.31 g/t Au over 1.0 m   Between zones
144.90 145.20   152 g/t Au over 0.3 m   Between zones
EAG-12-429 116.00 118.20   6.66 g/t Au over 2.2 m   Fault
347.90 348.20   15.65 g/t Au over 0.3 m   In quartz vein
EAG-12-430 132.40 137.20   21.02 g/t Au over 4.8 m   Zone 27 - upper extension                  (north of the fault)
incl. 133.10 134.10   79.8 g/t Au over 1.0 m
incl. 136.50 137.20   15.85 g/t Au over 0.7 m
198.70 202.30   4.23 g/t Au over 3.6 m   Zone 27 - upper extension                  (south of the fault)
incl. 198.70 199.60   10.9 g/t Au over 0.9 m
incl. 201.60 202.30   7.13 g/t Au over 0.7 m
EAG-12-431 153.00 154.60   8.14 g/t Au over 1.6 m   Between zones
461.00 462.00   4.91 g/t Au over 1.0 m   Between zones
EAG-12-432 11.70 12.10   5.25 g/t Au over 0.4 m   Between zones
The true widths are interpreted to be approximately 70 percent of reported width. The other drill holes of this sequence not presented in this table returned only anomalous gold values or have assay results pending.

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.

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 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 also 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. During July 2012, the Company received its second mineral resource estimate, the results of which are displayed in the table below:

  Quantity
('000 tonnes)
Grade Gold
 (g/t)
Contained Gold
 (ounces)
Indicated 1,665 10.05 538,000
Inferred 2,906 8.76 822,000

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 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

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 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 the Company has 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.

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.

Progressive Investor Relations
Andrew Mugridge / Benjamin Curry
604.689.2881
info@eaglehillexploration.com
www.eaglehillexploration.com
or
MI3 Communications Financières Inc. (Montreal)
Nathalie Dion
514.904.1333
nathalie@mi3.ca
www.mi3.ca
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 :