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New World Resource Corp.

Publié le 25 avril 2013

NEAR SURFACE DRILL RESULTS INCLUDE 6.18 G/T GOLD OVER 40.0 METERS AND 19.14 G/T GOLD OVER 12.2 METE

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Mots clés associés :   Canada | Copper |

 

 

NEAR SURFACE DRILL RESULTS INCLUDE 6.18 G/T GOLD OVER 40.0METERS AND 19.14 G/T GOLD OVER 12.2 METERS AT WINDFALL LAKE

 

VANCOUVER, BRITISH COLUMBIA � April 25, 2013 (TSX.V: EAG) Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") is pleased to announce final assay results from its 2012 drill program at the Windfall Lake Gold Deposit in Northwestern Quebec.  The new results include wide intercepts of high grade gold mineralization occurring near surface as a series of parallel lenses. This drilling confirms the continuity and consistency of the gold mineralization in the upper Extension of Zone 27. The drilling was completed with a spacing of 15 to 30 meters between drill holes on sections separated by 25 meters. These results are part of a 22,600 meter drill program desig ned to expand the size of the mineral resource estimate released on July 25, 2012 that already includes 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.

Several shallow diamond drill holes continued to test the gold mineralization in the upper Extension of Zone 27 and were able to better define the geometry of this zone and to confirm its lateral continuity for over 325 meters. The Zone 27 upper extension consists of a gold-rich lens plunging shallowly to the east and extending for more than 50 meters vertically, with widths of up to 31 meters.  Some of the new results for this zone include 6.18 g/t Au over 40 meters in drillhole EAG-12-450 and 19.14 g/t Au over 12.2 meters in drillhole EAG-12-454. In addition to their intersections in Zone 27, several of the shallow drill holes returned other significant intersections from parallel mineralized lenses in the first one hundred meters below the surface. The best results for the additional lenses include 5.46 g/t Au over 14.3 meters and 9.66 g/t Au over 5.3 meters as listed in the table below.

Eagle Hill has recently completed an additional 4,100 meter drill program that started at the beginning of February 2013. This drill program targeted the extensions of the richest and thickest gold mineralization of Zone 27 and the Caribou Zone at intermediate depth. The results of this drilling will be announced upon receipt of the assays and management will provide a corporate update in the near future.

The longitudinal section showing the extension of Zone 27 upper extension has been posted on Eagle Hill�s website, www.eaglehillexploration.com/sections

 

The table shows the most significant assay results from the series of drill holes discussed in this press release.

Drill Hole

From

To

Au

Length

Comment

(m)

(m)

(g/t)

(m)

EAG-12-450

27.0

27.5

21.7

0.5

Isolated intercept

EAG-12-450

58.0

98.0

6.18

40.0

Zone 27 Upper Extension

incl.

59.5

61.1

4.76

1.6

incl.

73.6

80.2

31.70

6.6

incl.

79.5

80.2

129.50

0.7

EAG-12-451

54.8

60.1

9.66

5.3

Zone parallel to Zone 27 upper Ext.

incl.

55.7

57.0

32.63

1.3

EAG-12-451

122.0

143.0

3.37

21.0

Zone 27 south of the fault

incl.

124.0

125.0

14.25

1.0

incl.

129.0

130.2

10.55

1.2

EAG-12-453

58.0

64.9

7.44

6.9

Zone 27 Upper Extension

incl.

59.9

61.0

16.70

1.1

EAG-12-454

62.8

75.0

19.14

12.2

Zone 27 Upper Extension

incl.

65.0

66.0

32.20

1.0

incl.

68.0

69.0

57.10

1.0

incl.

69.0

69.8

59.10

0.8

incl.

69.8

70.2

116.50

0.4

EAG-12-454

98.0

103.0

3.49

5.0

Zone parallel to Zone 27 upper Ext.

EAG-12-455

76.8

80.5

7.99

3.7

Zone 27 Upper Extension

incl.

76.8

78.0

12.85

1.2

EAG-12-456

32.0

33.4

31.80

1.4

Isolated intercept

EAG-12-456

61.0

65.0

5.26

4.0

Zone parallel to Zone 27 upper Ext.

EAG-12-456

71.0

76.2

4.77

5.2

Zone 27 Upper Extension

EAG-12-457

73.0

74.0

6.12

1.0

Isolated intercept

EAG-12-457

103.0

132.0

1.91

25.0

Zone 27 Upper Extension

incl.

123.1

124.0

9.58

0.9

EAG-12-458

73.5

74.1

18.00

0.6

Isolated intercept

EAG-12-459

45.7

60.0

5.46

14.3

Zone parallel to Zone 27 upper Ext.

incl.

47.0

48.0

17.30

1.0

incl.

48.0

49.0

32.90

1.0

EAG-12-459

102.8

104.0

21.70

1.2

Isolated intercept

EAG-12-459

131.2

138.0

2.01

6.8

Zone 27 Upper Extension

The true widths are interpreted to be approximately 70 percent 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 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.

 

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 signed options with Noront (as described above) and also jointly with Murgor Resources Inc. and  Cliffs Natural Resources Inc. (formerly, Freewest Resources Canada 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)

Gold Grade (g/t)

Contained Gold (ounces)

Indicated

1,665

10.05

538,000

Inferred

2,906

8.76

822,000

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 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 contain 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 the 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:

Andrew Mugridge / Benjamin Curry

Network IR (Vancouver)

Telephone: 604.559.5573

Cellular: 604.764.6847

Email: andrew@networkir.com

Website: www.networkir.com

Nathalie Dion

MI3 Communications Financi�res Inc. (Montr�al)

Telephone: 514.904.1333

Email: nathalie@mi3.ca

Website: www.mi3.ca

FORWARD LOOKING STATEMENTS

Statements in this news release, which are not purely historical, are forward-looking statements within the meaning of applicable United States and Canadian securities laws, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.  Such risks and uncertainties may include, but are not limited to, the ability to obtain additional financing, title to mineral properties, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel, the risks inherent in exploration and factors outside the control of the Company.  These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate.  Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company�s most recent Annual Information Form filed on SEDAR which is available at www.sedar.com.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

 

P.S. This is an advertisement and a promotional mail strictly on the guidelines of CAN-SPAM act of 2003. We have clearly mentioned the source mail-id of this mail, also clearly mentioned the subject lines and they are in no way misleading in any form. We have found your mail address through our own efforts on the web search and not through any illegal way. If you find this mail unsolicited, please follow the instructions below and we will take care that you do not receive any further promotional mail. Email address

---
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New World Resource Corp.

CODE : NW.V
ISIN : CA6492971081
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New World Res. est une société d’exploration minière d'or et de cuivre basée au Canada.

New World Res. détient divers projets d'exploration en USA et en Bolivie.

Ses principaux projets en exploration sont LONG VALLEY PROJECT en USA et PASTOS GRANDES et LIPENA en Bolivie.

New World Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,7 millions CA$ (2,0 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 11 février 2011 à 3,30 CA$, et son plus bas niveau récent le 06 novembre 2015 à 0,01 CA$.

New World Res. possède 13 299 045 actions en circulation.

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11,04 US$-1,95%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,56 GBX-3,12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,44 CA$-2,01%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
15,23 CA$-1,17%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,23 CA$-4,17%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$-7,14%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,76 CA$+2,03%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,18 US$-0,95%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :