From EAG’s September 20 news release:

"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." (bolding mine)

The question is how large is “even larger”. Against what standard are we measuring “even larger”.

We know from MGR’s October 13, 2009 news release that EAG owes MGR a bonus depending on how much gold is discovered at Windfall. The amount of bonus is set out in the following schedule: “The bonus amounts to $200,000 upon delineation of 200,000 ounces of gold, $600,000 upon delineation of 400,000 ounces of gold, $1,200,000 for the delineation of 600,000 ounces of gold and $2,000,000 for the delineation of 1,000,000 ounces of gold.”

So apparently those in the know felt there was the possibility of one million ounces at Windfall. So the question becomes that if there is the potential for an “even larger” gold deposit at Windfall Lake is the possibility of having one million ounces pretty much assured. And is there now the possibility of even more than one million ounces.

These questions are a bit imponderable but nice to have our CEO talking about “an even larger gold deposit at Windfall Lake” in any case. JMHO.