Eagle Hill's Fall 2013 Drilling Program Discovers Extension to Main Zone at Wind
posted on
Nov 05, 2013 07:14AM
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)
Eagle Hill's Fall 2013 Drilling Program Discovers Extension to Main Zone at Windfall Lake Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2013) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG)(EHECF)(EH0.F) ("Eagle Hill" or the "Company") is pleased to announce first results from the Company's fall 2013 drilling program. The Company drilled three sections, stepping out 150, 300 and 500 metres along strike to the southwest of the Main Zone gold mineralization. Each section intersected a number of high-grade gold intervals, confirming the potential to extend the known gold resource in this direction.
The fall 2013 diamond drill program started on September 12 with the objective of completing a 25,000-metre program by year-end, focused on expanding the existing mineral resource. The Company drilled 11 holes (4,821 metres) to test geophysical anomalies southwest of the tested limit of the Main Zone. Drill intercepts have demonstrated the presence of pyritic stockworks similar to the Main Zone, and assay results have confirmed significant gold mineralization in each section. Results received to date are summarized in Table 1.
Highlight intersections include:
Section 1825 (150 metres SW of Main Zone)
EAG-13-472 | 6.58 g/t gold over 3.5 m from 765.5 m | |
inc. | 13.2 g/t gold over 0.9 m from 767.3 m | |
4.34 g/t gold over 6.6 m from 1,030.0 m | ||
inc. | 9.5 g/t gold over 1.8 m from 1,030.0 m | |
and | 10.4 g/t gold over 0.8 m from 1,035.8 m | |
EAG-13-478 | 3.01 g/t gold over 10.2 m from 561.0 m | |
inc. | 9.05 g/t gold over 0.4 m from 561.0 m | |
and | 11.1 g/t gold over 1.0 m from 563.0 m | |
EAG-13-481 | 250.0 g/t gold over 0.5 m from 197.5 m |
Section 1700 (300 metres SW of Main Zone)
EAG-13-471 | 8.44 g/t gold over 0.9 m from 240.3 m |
EAG-13-479 | 131.0 g/t gold over 0.6 m from 40.4 m |
Section 1500 (500 metres SW of Main Zone)
EAG-13-473 | 4.66 g/t gold over 0.5 m @ from 214.8 m |
"This first round of wide-spaced drilling to the southwest of the Main Zone is very encouraging, with gold mineralization in every section, a number of high-grade gold intervals and some wide mineralized intersections," said Dr. Mike Andrews, Director and Interim President of Eagle Hill. "These results support our hypothesis, based on geophysics of the area and limited previous drilling, that mineralization continues to the southwest of the Main Zone."
The three diamond drill rigs have been relocated to the Main Zone to focus on expanding the strike length of the major resource lenses (the Zone 27, Caribou, Mink and Mallard zones). Zone 27 has more than 700 metres strike length of continuous gold mineralization, with highlight intersections including 23.8 g/t gold over 25.0 metres (hole EAG-12-318), 14.2 g/t gold over 52.0 metres (hole EAG-10-196) and 12.22 g/t gold over 21.0 metres (hole EAG-11-259).1 The Company plans to drill 14 holes around Zone 27 to test lateral extensions of the higher grade and thicker gold shoots, along with limited infill drilling, and also plans to drill a total of 32 holes to test the lateral strike extensions the Caribou, Mink and Mallard zones.
A down-hole induced polarization geophysics program is underway to identify possible depth extensions of gold mineralized lenses below the Main Zone. Previous drilling in this area identified 15.34 g/t gold over 11.0 metres at a depth of 870 metres.1
Eagle Hill will have more than 50,000 metres of new drilling to incorporate into an updated resource estimate in early 2014, with 106 holes totalling 29,208 metres drilled since the 2012 resource estimate and the addition of 25,000 metres from the current program.
To view the figure associated with this press release, please visit the following link: http://media3.marketwire.com/docs/eagl1105.pdf
On Behalf of the Board of Directors
John Proust
Chairman and Interim CEO