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 -- (Marketwire) -- 05/04/11 -- Eagle Hill Exploration Corporation (TSX VENTURE: EAG) ('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.
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Hole Number From To Length Au Comments
(m) (m) (m) (g/t)
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122.00 126.00 4.00 2.79 Zone parallel
to Caribou
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EAG-11-255 201.00 208.00 7.00 4.67 Between Caribou
and Mink
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322.00 337.00 15.00 1.21 Zone 27
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EAG-11-256 189.00 193.00 4.00 2.43 Caribou Zone
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EAG-11-257 55.00 63.00 8.00 1.42 Extension of
Caribou to the
west by 100 m
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EAG-11-258 96.00 98.00 2.00 20.82 Extension of
Caribou to the
west by 200 m
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315.00 317.00 2.00 7.94 Mink Zone
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EAG-11-259 393.00 412.00 19.00 13.32 Zone 27
(published on
March 8, 2011)
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467.90 473.00 5.10 5.20 Pyrite zone,
40 m to the
NW of Zone 27
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266.00 272.00 6.00 2.10 Mink Zone,
up to 15%
pyrite
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EAG-11-260 482.70 483.50 0.80 8.60 Shear zone,
10% Py, 120 m
to the NW of
Zone 27
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504.00 505.00 1.00 71.80 Py stringer
zone, 135 m to
the NW of
Zone 27
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EAG-11-262 134.00 142.00 8.00 8.97 Caribou Zone
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EAG-11-263 51.00 56.25 5.30 1.90 Caribou Zone,
5 m below
bedrock surface
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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
David Matousek
Corporate Communications
604.697.5791
604.697.0790 (FAX)
info@eaglehillexploration.com
www.eaglehillexploration.com
Investor Cubed Inc. (Toronto)
Neil Simon
647.258.3311 or Toll Free: 1.888.258.3323
info@investor3.ca
www.investor3.ca
MI3 Communications Financieres Inc. (Montreal)
Nathalie Dion
514.904.1333
nathalie@mi3.ca
www.mi3.ca