Windfall Lake and NOT
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Aug 07, 2010 07:51PM
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)
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Eagle Hill Hits Gold Results on First Four Drill Holes from Summer Drill Program at Windfall Lake
VANCOUVER, BRITISH COLUMBIA – August 4, 2010 (TSX.V: EAG) Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") is pleased to announce that it has received the final assay results from its first 4 holes (Holes EAG-10-227, 228, 229 and 231) from the Company’s 14 Hole summer drill program at the Windfall Lake Property.
The final assay results show gold results in all of the first four holes drilled. A sample of these results include Hole EAG-10-229 with 7.72 g/t gold over 11.40 meters (4.96 g/t when cut to 1.00 oz/t), including 78.30 g/t gold over 0.80 meters, and in a separate intercept 26.10 g/t gold over 2.00 meters (22.50 g/t when cut to 1.00 oz/t). Hole EAG-10-331 showed 4.78 g/t gold over 9.75 meters (the same when cut to 1.00 oz/t) including 26.10 g/t gold over 1.0 meter. Most importantly there were gold results over widths of at least 7.00 meters in all four holes. In addition there appears to be evidence of a new zone of gold mineralization at a depth of only 60 meters from the surface.
“These results show continuity of gold mineralization throughout what we have referred to as Zone 27," explained Brad Kitchen, President and C.E.O. of Eagle Hill. “We feel there is no question that there is a gold deposit at Windfall Lake, the only question which remains is how many zones are on the entire property and how large is the related gold deposit.”
Drill holes 227, 228, 229 and 231 are the first four holes from the summer drill program at Windfall Lake Property. The summer drill program is scheduled to be 14 holes and will encompass approximately 5,000 meters in total. The current drill program is just over 50% complete but final assay results are slow in coming due to increased volume at the assay lab. Assay results from the whole program will be released as they become available.
This current drill program was designed to better understand the geological structure of the gold mineralization in Zone 27. This zone encompasses 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). The results from the current drill program confirm the continuity of the gold mineralization throughout Zone 27. Discovery of the potential new zone close to the surface was not anticipated. The results from the entire program will be used to update the Windfall Lake Property model. The model will then help assess new gold mineralization so that a better understanding of the property’s gold deposits can be determined.
The following table shows the most material assay results from Holes EAG-10-227, 228, 229 and 231. A complete table of results will be shown in the near future on Eagle Hill's website at www.eaglehillexploration.com.
Summer 2010 Windfall Drill Program – First 4 Holes | |||||
Hole Number | From (m) | To (m) | Length (m) | Au (g/t) | Cut to 1 oz/t |
EAG-10-227 | 35.25 | 37.00 | 1.75 | 2.43 | 2.43 |
227.85 | 233.00 | 5.15 | 2.85 | 2.85 | |
282.90 | 290.00 | 7.10 | 2.07 | 2.07 | |
EAG-10-228 | 60.95 | 66.40 | 5.45 | 1.80 | 1.80 |
289.00 | 292.00 | 3.00 | 1.59 | 1.59 | |
298.00 | 302.00 | 4.00 | 1.04 | 1.04 | |
337.00 | 347.00 | 10.00 | 1.37 | 1.37 | |
EAG-10-229 | 60.30 | 62.00 | 1.70 | 4.73 | 4.73 |
196.30 | 197.20 | 0.90 | 7.46 | 7.46 | |
313.00 | 315.00 | 2.00 | 26.10 | 22.50 | |
326.60 | 338.00 | 11.40 | 7.72 | 4.96 | |
Incl. | 328.60 | 329.40 | 0.80 | 78.30 | |
EAG-10-231 | 60.80 | 67.00 | 6.20 | 5.35 | 5.35 |
317.35 | 319.30 | 1.95 | 4.59 | 4.59 | |
339.20 | 348.00 | 9.75 | 4.78 | 4.78 | |
Incl. | 341.00 | 342.00 | 1.00 | 26.10 |
True widths of the mineralized zones are estimated at 60% to 75% of the core lengths reported in the table above.
Gold analyses reported in this release were performed by standard fire assay using a 30g charge with atomic absorption finish and a gravimetric
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