Targeting multi-million high-grade oz. in Quebec
Windfall Lake Property, located near Val d'Or, Quebec: Indicated 538,000 oz. (10.05 gpt) / Inferred 822,000 oz. (8.76 gpt) (July 2012)
Message: News Eagle Hill Exploration Corp.: New Assay Results Continue to Increase Grade
Eagle Hill Exploration Corp.: New Assay Results Continue to Increase Grade and Width of Gold Mineralized Zones at Windfall Lake
7,000 meter exploration drilling program underway
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Companies:
Press Release Source: Eagle Hill Exploration Corporation On Thursday March 4, 2010, 8:00 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - (TSX VENTURE:EAG - News) Eagle Hill Exploration Corp., is pleased to announce the final assay results from the splitting and assaying of 8,700 meters of previously drilled, but unsampled, core from the Windfall Lake Property, Quebec.
These final assay results continue to indicate the presence of significant gold grades over wide mineralized intervals such as 2.58 g/t gold over 47.4 meters and 5.63 g/t gold over 31.9 meters. Very high grade gold values over narrow intervals, such as 106.00 g/t gold over 1.0 meter and 148.97 g/t gold over 0.85 meters are also reported.
Earlier assay results and historic information lead Eagle Hill to realize that, in addition to extremely rich, but narrow structures, the gold mineralization at the Windfall Lake Property also occurs in large intervals with consistent gold grades. The new assay results allow the Company to now replace sections of core previously deemed un-mineralized, with new gold values, resulting in much wider and consistently mineralized gold zones.
The following table shows a sampling of some of the newly expanded intersections. The new assay results have also increased the grade of these zones.
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New Assay Values
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Hole Number From (m) To (m) Length (m) Au (g/t) Comment
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NOT-07-140 361.20 362.20 1.00 5.30
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NOT-06-103 41.20 51.00 9.80 2.54 Uncut
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41.20 51.00 9.80 2.14 Cut to 15 g/t
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Including 44.00 45.00 1.00 18.95
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NOT-06-101 265.00 312.40 47.40 2.58 Uncut
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265.00 312.40 47.40 2.26 Cut to 15 g/t
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NOT-06-94 369.60 370.40 0.80 10.95
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NOT-06-93 222.00 234.65 12.65 2.40 Uncut
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222.00 234.65 12.65 2.21 Cut to 15 g/t
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Including 224.95 226.35 1.40 16.00
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NOT-05-81 337.10 369.00 31.90 5.63 Uncut
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337.10 369.00 31.90 1.88 Cut to 15 g/t
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Including 365.75 366.60 0.85 148.97
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NOT-05-79 48.80 62.00 13.20 10.35 Uncut
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48.80 62.00 13.20 1.84 Cut to 15 g/t
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93.90 112.30 18.40 1.24 All values below 15g/t
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160.30 170.00 9.70 1.25 All values below 15g/t
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NOT-05-74 221.00 229.00 8.00 1.73 Uncut
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FUR-03-01 118.00 124.80 6.80 1.72
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Including 119.00 120.00 1.00 4.18
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FUR-03-07 40.00 41.00 1.00 106.00
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Note: The following intervals were published by Noront Resources Ltd.:
-- On Dec 15, 2005:
NOT-05-79:10.5 m @ 1.6 g/t Au at 48.8 m, NOT-05-79: 1.0 m @ 11.2 g/t Au
at 93.9m, NOT-05-79: 2 m @ 1.4 g/t Au at 101.4m,NOT-05-79 2.9 m @ 2.7
g/t Au at 160.3m, NOT-05-81: 1.05 m @ 10.5 g/t Au at 350.4m, NOT-05-81:
11.7 m @ 1.0 g/t Au (but the entire interval was not sampled), NOT-05-81
3.45 m @ 33.4 g/t Au (uncut) at 363.15m,
-- On Dec 29, 2006:
NOT-06-101 10.0 m @ 5.1 g/t at 275.0m, NOT-06-101 5.4 m @ 4.4 g/t Au at
307.0m.
The true widths of the mineralized zones vary between 60% to 80% of the length of the intervals reported in the table above.
The new values listed above complete the assay results from an 8,700 meter drill core sampling program of previously drilled, but unsampled, core at the Windfall Lake property. An aggressive exploration program is currently underway at the Windfall Lake Gold project with a 7,000 meter exploration drilling program, under the management of Murgor Resources' technical team. Assay results will continue to be released as they become available.
This new data, combined with the historical results, calls for Eagle Hill to refine the exploration model and to focus on both high grade vein deposits encompassed within a bulk tonnage scenario for the Windfall Lake Property. By comparison, bulk tonnage underground mines are currently operating in the Val D'Or area, including the Goldex mine, with a proven mineral reserve grading 1.95 g/t gold.
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. All assays were performed by ALS Chemex Laboratory Group, in Val D'Or, QC. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program conceived by Murgor Resources' technical team. The QA-QC program includes duplicate samples, blanks and analytical standards.
Dr. Jean-Philippe Desrochers, P.Geo. and Vice-President of Exploration for Murgor Resources Inc. is a Qualified Person as defined by NI-43-101 that supervised the field work reported in this press release and reviewed the technical information it contains. Murgor Resources Ltd. ("Murgor") has entered into a services contract with the Company in which Murgor will conduct the exploration on the Windfall Lake Property (see the Company's press release dated Oct. 13, 2009).
About the Windfall Lake gold project
The Windfall Lake Property is comprised of 340 contiguous claims (10,991 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. Eagle Hill has signed options with Murgor Resources Inc., Freewest Resources Canada Inc., and Noront Resources Inc. to acquire 340 contiguous claims for a total of 10,991 hectares.
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 in Canada. The Company is set to become an advanced stage gold and precious metal exploration company with its acquisition of the Windfall Lake gold project, between Val-d'Or and Chibougamau in the Abitibi belt of Quebec. The Company's website at www.eaglehillexploration.com and public filings at http://www.sedar.com/ provide additional information on its properties and other information with respect to its management and operations.
Shareholders who would like to sign up to receive information by email directly from Eagle Hill, particularly when new press releases, regulatory filings or other information is disclosed, are asked to visit the company's website at www.eaglehillexploration.com/contact/investor-information.
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.
Contact:
Brad Kitchen
Eagle Hill Exploration Corporation (Vancouver)
604.638.8072
info@eaglehillexploration.com
http://www.eaglehillexploration.com/
Neil Simon
Investor Cubed Inc. (Toronto)
647.258.3310 or Toll Free: 1.888.258.3323
nsimon@investor3.ca
http://www.investor3.ca/
Nathalie Dion
MI3 Communication Financieres Inc.(Montreal)
514.904.1333
Nathalie@mi3.ca
http://www.mi3.ca/
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