Well ,we still own some EAG -- Eagle Hill Continues to Extend Zone 27
posted on
Sep 20, 2010 12:21PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
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
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. /T/ ------------------------------------------------------------------------ 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. /T/ 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.