New Geological Model of Windfall Lake Gold Deposit
posted on
Feb 04, 2010 11:24AM
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 Exploration Corporation TSX VENTURE: EAG ![]() |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2010) - Eagle Hill Exploration Corp., ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is pleased to announce that it has completed its first 3D geological model of the Windfall Lake gold deposit in Quebec (the "Model"). The Model has identified wide areas of gold mineralization which would be amenable for bulk tonnage mining.
"Eagle Hill believes the true potential of the Windfall Lake Property lies with the wide mineralized gold zones that we have identified in the Model. The focus on the wide zones is an approach that has been overlooked in the past at Windfall," said Brad Kitchen, President and CEO of Eagle Hill. "This first exploration phase marks a complete shift in focus at Windfall Lake. Instead of chasing narrow and discontinuous high grade veins, Eagle Hill is focusing on the wide, consistently mineralized zones of lower grade material that hosts these veins."
In creating the Model, 3-D Gemcom geological modeling software was used to outline the gold mineralization based on historic information compiled from the majority of 331 drilled and assayed holes and a 1450 meter underground ramp. The model also includes recent assays from approximately 25% of the 8,700 meters of previously drilled, but unsampled, core from the Windfall Lake Property, Quebec. The Model can be viewed on Eagle Hill's website using the following link www.eaglehillexploration.com/projects/windfall-lake-model. The model is displayed as a static page that shows the mineralized zones and indicates areas that require further exploration. In addition, there is a rotating 3-D model with some commentary from the Company's geological team.
Eagle Hill is confident that the size of the gold mineralized area will expand as there are gaps in the historic information relating to the previous approach of exploration for high grade veins. Some of this missing information may be filled in with assay results from the previously drilled but unsampled core. Assay results from roughly 6,000 meters of this core will be available over the next month. More importantly the identified mineralized zones appear to be open to the East, West and below the current discoveries. Eagle Hill is initiating a 7,000 meter drilling program intended to help further define the existing mineralized zones and to expand the size of the gold mineralized zones. This drilling program is scheduled to begin during the week of February 8, 2010.
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.
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, located between Val-d'Or and Chibougamau in the Abitibi belt of Quebec. The Company's website at www.eaglehillexploration.com and public filings at 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 http://www.eaglehillexploration.com/contact/investor-information.
ON BEHALF OF THE BOARD
P. Bradley Kitchen, President