Eagle Hill Continues to Expand Gold Zones at Windfall Lake
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/19/11 -- Eagle Hill Exploration Corporation (TSX VENTURE: EAG) ('Eagle Hill' or the 'Company') is pleased to release assay results from the first 9 holes from the 6,300 meter extension to the 2011 drill program on the Windfall Lake Property (the 'Windfall Lake Property' or the 'Property').
The Company's intention with this portion of the drill program was to test the shallower extensions of the mineralization on the gold zones 27, Caribou and W3 (a historic gold area located near the south end of the underground ramp). These new drill holes successfully extended Zone 27 towards surface and expanded the W3 zone to the east.
In addition, new gold mineralization was also intersected below the 100 meter thick, weakly mineralized intrusion (the 'Red Dog') that intersects the Company's known gold zones. This result, when combined with the Company's recent deep penetrating Induced Polarization ('IP') survey completed by Insight Geophysics, indicates that the known gold zones extend at depth. This area will be further explored after the Company completes its initial NI 43-101 compliant gold resource calculation in the early fall of 2011.
'This portion of Eagle Hill's exploration program is focused on proving continuity of the gold zones that will add ounces to the Company's pending NI 43-101 gold resource calculation,' stated Brad Kitchen, President and C.E.O. of Eagle Hill Exploration. 'The exploration team was again 100% successful in hitting gold mineralization on every hole. The critical point that investors should understand with this success is that none of this drilling is infill or twinning of existing holes but rather extends known gold zones.'
The following details specific results of the current assays;
-- Hole EAG-11-270 tested the extension of Zone 27 towards surface. This
hole successfully intersected a 6 meter mineralized interval with up to
10% pyrite and assaying 2.3 g/t gold over 6.0 meters. EAG-11-271 also
tested the upward extension of Zone 27, 75 meters to the east of hole
EAG-11-270 and at 110 meters below surface and also intersected the Mink
and the Caribou Zones. Assays from Zone 27 returned 10.05 g/t gold over
1.0 meters and the Mink and Caribou Zones returned assays of 1.4 g/t
gold over 8.0 meters and 1.7 g/t gold over 4.0 meters respectively.
-- EAG-11-272 was an exploration hole testing an IP anomaly, some 150
meters to the East of hole EAG-11-275. The hole intersected several
mineralized intervals. Assays are pending for those intervals.
-- EAG-11-273 was abandoned due to excessive deviation and was re-started
as hole EAG-11-274 which tested the Eastern extensions of the W3 and the
Mink Zones. Both Zones returned significant assay results such as 10.1
g/t gold over 1.0 meter and 30.2 g/t gold over 1.6 meters.
-- Near surface, EAG-11-275 tested the down dip extension of outcropping
mineralization. The hole intersected several mineralized intervals such
as 20 meters at 0.8 g/t gold, 7.9 meters at 1.1 g/t gold and 1.05 meters
at 6.62 g/t gold.
-- EAG-11-276 was designed to test an IP anomaly at 290 meters below
surface. The results from this drill hole demonstrated that the Red Dog
was closer to surface than previously interpreted and as a result the
drilling did not intercept the anticipated gold zone at this location.
An isolated gold intercept was located close to surface.
-- EAG-11-277 tested the Mallard Zone and an IP anomaly below the Red Dog
intrusion closer to surface. The Mallard Zone, characterized by 10-20%
pyrite, was intersected below the intrusion at 225 meters below surface
in 2 separate intervals and returned 8.38 g/t gold over 1 meter and 0.6
g/t gold over 11 meters, thus confirming the extension of the Zones
below the Red Dog intrusion.
-- Holes EAG-11-278 and EAG-11-279 tested the gap between the Caribou and
the W3 Zones. The holes intersected 18.45 g/t gold over 1.1 meters and
8.6 g/t gold over 1 meter respectively.
Eagle Hill has now completed its scheduled 16,300 meter drill program and the assay results of the remaining eleven drill holes are still pending and will be released when available over the next two months. The 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 nine drill holes. A complete table of results will be shown in the near future on Eagle Hill's website.
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Hole From To Length Au
Number (m) (m) (m) (g/t) Comments
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EAG-11-270 131.00 137.00 6.00 2.30 Zone 27, at 85 m
below surface
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incl. 135.65 137.00 1.35 6.73 idem
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EAG-11-271 76.00 78.00 2.00 2.10 isolated pyrite zone
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150.00 151.00 1.00 10.05 Zone 27
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408.00 416.00 8.00 1.40 Mink Zone
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452.00 456.00 4.00 1.70 Caribou Zone
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EAG-11-272 Assays pending
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EAG-11-273 Drill hole abandoned due to excessive deviation, re-drilled
as EAG-11-274
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EAG-11-274 152.00 153.00 1.00 10.10 W3 zone
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158.00 161.00 3.00 1.00 Splay of W3 Zone
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305.00 306.60 1.60 30.20 Possible extension
of Mink
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EAG-11-275 54.00 74.00 20.00 0.80 Near surface
shallowly dipping
zone
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incl. 59.00 63.10 4.10 2.13 idem
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92.10 100.00 7.90 1.10 Near surface
shallowly dipping
zone
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137.60 147.00 9.40 0.90 New zone
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incl. 141.70 147.00 5.30 1.18 idem
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271.95 273.00 1.05 6.62 New isolated
intercept
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EAG-11-276 64.00 65.00 1.00 2.30 New isolated
intercept
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EAG-11-277 256.00 257.00 1.00 8.38 Mallard zone, below the
intrusion
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268.00 279.00 11.00 0.60 Splay of Mallard zone,
below the intrusion
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EAG-11-278 58.45 59.55 1.10 18.45 shear zone
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128.00 131.00 3.00 1.90 New isolated intercept
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EAG-11-279 263.00 264.00 1.00 8.60 New isolated intercept
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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 press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We seek safe harbor.
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
MI3 Communications Financieres Inc. (Montreal)
Nathalie Dion
514.904.1333
nathalie@mi3.ca
www.mi3.ca