Eagle Hill Near Resource Calculation With Gold-Riddled Windfall Lake

Wednesday , 10 Aug 2011

Only 18 months after acquiring the bulk tonnage Windfall Lake gold property on the Abitibi mineralized belt of northern Quebec, Eagle Hill Exploration (TSX-V: EAG) is gearing up for the release of its NI 43-101 resource calculation; truly a milestone event for the shrewdly ambitious junior company. Powering through with its 15,000 metre drill program, in which every drill hole has returned strong gold assays, Eagle Hill is determined to explore, define and expand the Windfall Lake property to the utmost of its considerable promise.

"The Exploration Team has clearly demonstrated that they are on the right track in the modeling of gold mineralization on the Windfall Lake Property. Every drill hole in the company's current 15,000 meter drill program has returned very strong gold assays in previously unexplored areas," explains Brad Kitchen, President and CEO of Eagle Hill. "With the current results and new assays the company will be better able to determine the extent of the gold mineralization at the Windfall Lake Property."

Abitibi Wonders
The Windfall Lake property consists of 366 contiguous claims, covering 12,070 hectares in the Abitibi mineralized belt. Extending from Wawa, Ontario to Val-d'Or, Quebec, the abitibi gold belt is an established gold mining district that has produced over 100 mines and 170 million ounces of gold since 1901.

Between 2000 and 2010, mining in the area experienced a resurgence when two companies, Osisko Mining and Detour Gold, began investing heavily in the Malartic and Detour Lake areas. Malartic actually began commercial production as recently as June 2011 and will contribute about $3.25 billion to the region's economy over 20 years.

Companies with interests in the area include mining giants Barrick Gold (TSX-V: ABX), intermediate gold producer Kirkland Lake Gold (TSX-V: KGI) and mid-tier gold producer Lake Shore Gold (TSX-V: LSG).

Keeping geological company with such historically successful companies, Eagle Hill has great plans for Windfall Lake.

Windfall Lake
Before Eagle Hill acquired Windfall Lake in October 2009 the property had already had extensive historic grassroots exploration in the form of geological mapping and sampling, ground geophysics, over 330 holes of diamond drilling (including one hole at 52.3 oz/t over 4.8 metres), and underground decline of over 1,400 metres and sampling and assaying of the drill holes and decline. Over $25 million was spent by its previous operators Noront, Freewest and Murgor.

Eagle Hill approached this invaluable geological data with a fresh perspective and assembled a team of highly experienced geologists, geoscientists and engineers to assess the historic results, implement a forward-thinking exploration program and essentially develop the property whilst working towards completing a resource calculation. Within a mere 18 months, the Eagle Hill team has just about achieved its goal.

2011 Success
The 15,000 meter drill program, initially a 10,000 metre program, began in early 2011 in a bid to expand known gold zones and discover new ones. Almost immediately success came a-knocking. January saw the announcement of new assays that confirmed the continuity of gold mineralization in the Caribou Zone at shallow depth. Results included 2.81 g/t gold over 14 metres and 1.6 g/t gold over 13 metres, with the added bonus of a newly discovered gold zone - the Mink Zone.

February brought intersects of 6.25 metres of 94.50 g/t gold and another new gold zone; the high grade Mallard Zone. The drilling had initially begun in a bid to explore the expansion of Zone 27, having identified an area that hadn't been drilled but could, in theory, double the size of Zone 27. The February results boosted confidence in this theory immensely, proving to be only the beginning of a string of high grade and new gold discoveries in the first few months of 2011.

The most recent results, issued in a press release dated May 4th 2011, announced intersects of 8.97 g/t gold over 8 metres and confirmed the extension of the Caribou Zone and the expansion of Zone 27, while continuing to prove out the continuity of the gold mineralization on Windfall Lake.

The irrefutable success of the 2011 drilling, along with the identification of additional targets that could increase the size of the mineralized gold zones - drilling has identified 7 distinct mineralized gold zones within a 600-metre cube, with most of these gold zones open in several directions - has prompted Eagle Hill to add an additional 6,300 to the program.

Aside from the impressive assays and the seemingly neverending new zone discoveries, this aggressive drill program has also aided the Eagle Hill team greatly in its quest to thoroughly understand the structure that hosts the mineralized gold zones, a feat that is critical for both obtaining a solid initial resource calculation and being able to identify future potential areas of gold mineralization.

Resourceful Desrochers
Chief Geologist Dr. Jean-Philippe Desrochers leads the company towards the completion of an NI 43-101 resource calculation, due in September 2011. With over 17 years experience in the mineral exploration industry, Desrochers is a truly valuable member of the Eagle Hill team. He has worked with intermediate and junior mining companies on projects ranging from grassroots to minescale and was also VP Exploration with Murgor Resources Inc., where he worked on the Windfall Lake property preparing the extremely successful Winter and Summer 2010 drill programs. His familiarity with the property is a serious asset for Eagle Hill as it moves towards resource definition.

The company has engaged SRK Consulting to produce its initial gold resource estimate and looks forward to its completion by Fall 2011.

Eagle Hill Management
Standing alongside Desrochers at the helm of the Eagle Hill ship is a strong management team headed by P. Bradley Kitchen as President and CEO. With a Masters of Business Administration from McGill University and a Bachelor of Applied Science in Civil Engineering from the University of British Columbia under his belt, Kitchen has been President and CEO of Eagle Hill since the birth of the company in 2006. In addition to his current and past roles with multiple TSX Venture Exchange issuers, Kitchen also served as Vice President of CIBC World Markets and TD Securities Inc. for more than eleven years.

Also on the Eagle Hill team are advisors Neil W. Richardson, P. Geo., Andre C. Tessier, P. Geo., P. Eng., Richard Nemis, Gerald B. Ruth, Amandeep RAI and Cale Thomas as CFO. Together they make a formidable force of diversely experienced industry experts.

Hitting All 4 Angles
And what better place to put this expertise to use than on the mineral-rich terrain of mining-friendly Quebec. Rated as one of the best places in the world to explore by the Fraser Institute, Quebec is a remarkable exploration destination. Following in the footsteps of the greats such as Barrick and Kirkland Lake, Eagle Star is ready to move up in the world of mining. Hitting all 4 angles for a solid investment, the company boasts a strong and highly savvy management team, has a stake in a gold-riddled plot of land in an historically successful mining district, can claim excellent infrastructure and is nearing blue sky potential. With a share price of $0.21 at 13.10 on July 15th, this is one junior company that is seriously worth looking into.

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