Eagle Hill Intersects 6.25 Meters of 94.50 g/t Gold and Also Identifies Another New High Grade Gold Zone at the Windfall Lake Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/10/11 -- Eagle Hill Exploration Corporation ('Eagle Hill' or the 'Company') (TSX VENTURE: EAG) is pleased to announce that it has received assay results from an additional five drill holes from the Company's current 10,000 meter drill program. Two of the holes were drilled prior to the winter break and, in addition to expanding existing gold zones, they have helped the Company identify a new high grade gold zone, named the Mallard Zone. The assay results from the remaining three holes expand Zone 27 and continue to prove out the continuity of the gold mineralization on the Windfall Lake Property (the Windfall Lake Property').
The drilling that started after the winter break is designed to explore the potential expansion of Zone 27. The Company identified an area that had not been drilled but could, in theory, double the size of this zone. We are pleased to report that the first three holes continue to produce very strong assay results that expand the continuous gold mineralization. The results of the 3 boreholes include 94.50 g/t Au over 6.25 meters in hole EAG-11-251, 9.00 g/t Au over 11.00 meters in hole EAG-11-250 and 2.07 g/t Au over 11.00 meters in drill hole EAG-11-249.
Assay results from the two holes drilled prior to the winter break include drill hole EAG-10-246 which expanded Zone 27 by 50 meters to the ENE at depth with an intercept of 10.86 g/t Au over 5.40 meters. Previous drilling on the same section, but 100 meters above this hole, intersected 5.05 g/t Au over 5.40 meters in hole NOT-06-101.
Drill hole EAG-10-248 now confirms continuity of the high grade Mallard Zone with 25.65 g/t Au over 2.00 meters. The Mallard zone is located 200 meters to the NW and runs parallel to Zone 27. Other historic drill holes in this newly recognized gold zone intersected 37.37 g/t Au over 1.0 meter in drill hole ATO-98-10r, 41.18 g/t Au over 1.95 meters in hole NOT-07-115, and 382.36 g/t Au over 0.68 meters in drill hole ATO-98-05. The strike length of the Mallard Zone is over 275 meters and remains completely open in both directions.
'The Exploration Team has clearly demonstrated that they are on the right track in the modeling of gold mineralization on the Windfall Lake Property. Every drill hole in the Company's current 10,000 meter drill program has returned very strong gold assays in previously unexplored areas,' explained Brad Kitchen, President and Chief Executive Officer of Eagle Hill. 'With the current results and new assays from the remaining 6,900 meters of drilling, the Company will be better able to determine the extent of the gold mineralization at the Windfall Lake Property.'
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.
The following table shows the most material assay results from the five drill holes. A complete table of results will be shown in the near future on Eagle Hill's website.
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From To Length Au
Hole Number (m) (m) (m) (g/t) Comments
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EAG-10-246 433.00 438.40 5.4 10.86 Zone 27
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EAG-10-247 224.00 229.00 Assays pending Caribou Zone
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EAG-10-248 141.00 143.00 2.00 25.65 Mallard Zone - New
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EAG-11-249 213.00 224.00 11.00 2.07 Zone 27
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EAG-11-250 128.00 140.80 12.80 1.19 Zone 27
150.00 154.00 4.00 3.38 NW splay of Zone 27
45.00 46.00 1.00 7.75 Fault zone cutting Caribou Zone
226.00 237.00 11.00 9.00 Between Caribou and Zone 27
incl 236.00 237.00 1.00 71.90
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EAG-11-251 332.55 338.80 6.25 94.50 SE Splay of Zone 27
incl 332.55 334.00 1.45 393.00
375.00 382.70 7.70 7.70 Zone 27
incl 380.00 381.20 1.20 32.70
407.00 410.00 3.00 4.10 NW splay of Zone 27
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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.
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 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.
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.
Contacts:
Eagle Hill Exploration Corporation (Vancouver)
Brad Kitchen
604.638.8072
info@eaglehillexploration.com
www.eaglehillexploration.com
Investor Cubed Inc. (Toronto)
Neil Simon
647.258.3311 or Toll Free: 1.888.258.3323
nsimon@investor3.ca
www.investor3.ca
MI3 Communications Financieres Inc. (Montreal)
Nathalie Dion
514.904.1333
nathalie@mi3.ca
www.mi3.ca