Eagle Hill Continues to Extend Zone 27 and Intersects 12.0 Meters of 17.36 g/t (Uncut) in a New Mineralized Structure at Windfall
|Marketwire.com - Sep 20, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2010) - Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is pleased to announce the final assay results from the last 4 drill holes (Holes EAG-10-237, 238, 239 and 240) of the Company's 14 drill hole summer drill program at the Windfall Lake Property located in the Abitibi region of Quebec.
The final assay results confirm the presence of continuous gold mineralization in Zone 27 over a strike length of at least 200 meters. Furthermore, these last drill holes confirm the presence of a new mineralized structure that is parallel to Zone 27 and also extends for a minimum strike length of 200 meters, at a vertical depth less than 60 meters. Zone 27 is largely open up-dip and to the northeast while the new zone is open in all directions. The best results from the last four drill holes include Hole EAG-10-240 with 17.36 g/t gold over 12.00 meters and in a separate intercept 2.07 g/t gold over 15.80 meters. Hole EAG-10-238 showed 14.63 g/t gold over 5.05 meters and 3.35 g/t gold over 24.60 meters.
"The summer drill program was an absolute success. The exploration team achieved this success as they found significant gold assays in all 14 holes confirming continuity of the gold deposit. In addition, a previously unidentified large gold zone was discovered at a shallow depth of between 60 and 100 meters below surface," explained Brad Kitchen, President and C.E.O. of Eagle Hill. "The best news may be that the potential for an even larger gold deposit at the Windfall Lake Property has been increased substantially."
One of the more exciting conclusions to come out of the summer drill program was that the area for future exploration has been increased significantly. The last four drill holes of this program have confirmed the potential of an area where Zone 27 can be extended over an area of 200 meters by 200 meters.
This drill program was designed to better understand the geological structure hosting the gold mineralization in Zone 27. Zone 27 is also defined by historic drill holes such as NOT-04-27 (3.90 g/t gold over 35.55 meters), NOT-05-73 (39.94 g/t gold over 17.30 meters) and EAG-10-196 (14.2 g/t gold over 52.00 meters), 05-73 (39.94 g/t gold over 17.30 meters) and EAG-10-196 (14.2 g/t gold over 52.00 meters). The results from the most recent drill program confirm the continuity of the gold mineralization throughout the Zone. The results from the summer drill program will be incorporated into the Gemcom model (the "Model") to help assess new gold mineralization so that a better understanding of the property's gold potential can be determined.
The following table shows the most material assay results from Holes EAG-10-237, 238, 239 and 240. A complete table of results will be shown in the near future on Eagle Hill's website at www.eaglehillexploration.com.
Summer 2010 Windfall Lake Property Drill Program – Last 4 Holes
Hole From To Length Au Cut to
Number (m) (m) (m) (g/t) 1 oz/t
EAG-10-237 82.40 84.25 1.85 6.39 6.39
193.90 195.90 2.00 2.95 2.95
211.00 218.00 7.00 0.77 .77
EAG-10-238 138.00 141.00 3.00 3.01 3.01
299.00 304.05 5.05 14.36 9.51
316.40 341.00 24.60 3.35 3.35
EAG-10-239 54.95 57.00 2.05 3.07 3.07
282.00 284.00 2.00 24.35 16.44
395.00 404.00 9.00 2.81 2.81
EAG-10-240 59.00 71.00 12.00 17.36 10.97
238.00 239.95 1.95 5.77 5.77
331.20 347.00 15.80 2.07 2.07
True widths of the mineralized zones are estimated at 60% to 75% of the core lengths reported in the table above.
Gold analyses reported in this release were performed by standard fire assay using a 30g charge with atomic absorption finish and a gravimetric finish for assays greater than 10 g/t. Assays returning results over 1 oz/t gold by atomic absorption are re-assayed using metallic sieve method. All assays were performed by ALS Chemex Laboratory Group, in Val D'Or, Quebec and Vancouver, British Columbia. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program conceived by the Murgor Resources Inc. technical team. The QA-QC program, includes duplicate samples, blanks and analytical standards.
Mr. Terence Schorn, P.Geo. is a Qualified Person registered in Quebec as defined by NI-43-101 and has reviewed the technical information 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 Propety. 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.
For more information, please contact
Eagle Hill Exploration Corporation (Vancouver)
Investor Cubed Inc. (Toronto)
647.258.3310 or Toll Free: 1.888.258.3323
MI3 Communications Financières Inc. (Montreal)
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- Posted: 2010-09-20 10:59:10
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