Eagle Hill Completes Fall Drill Program, Releases Interim Results
19 Dezembro 2013 - 10:00AM
Marketwired
Eagle Hill Completes Fall Drill Program, Releases Interim Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 19, 2013) -
Eagle Hill Exploration Corporation
(TSX-VENTURE:EAG)(OTCQX:EHECF)(FRANKFURT:EH0) ("Eagle Hill" or the
"Company") is pleased to announce that the Company has completed
its fall 2013 drill program, which commenced in September 2013 with
the objective of expanding the existing mineral resource. The drill
program was completed on time and on budget, with a total of
approximately 28,000 metres completed in 65 diamond drill holes.
Assay results for the first 11 were reported on November 5, 2013,
and this release contains the results from a further 24 holes
(Table 1). Assay results from the remaining 30 holes are expected
in January 2014.
The diamond drill program was focused in three areas: testing a
large, sparsely drilled anomaly to the southwest of the Main Zone,
drilling lateral extension of known gold lenses within the Main
Zone, and testing the extension of mineralization at depth. The
first 11 holes (4,821 metres) tested geophysical anomalies
southwest of the tested limit of the Main Zone gold mineralization.
The Company drilled three sections, stepping out 150, 300 and 500
metres along strike. Each section intersected significant gold
mineralization, confirming the potential to extend the known gold
resource in this direction. In December 2013 Eagle Hill drilled
seven follow-up holes in this newly identified zone, with results
pending.
In the Main Zone the Company drilled 47 holes (20,100 metres)
with the objective of expanding the strike length of the major
resource lenses (the Zone 27, Caribou, Mink and Mallard lenses).
While not all results have been received, assays received to date
indicate the potential to expand the Mallard Lense to the west and
below the Red Dog non-mineralized intrusion, with intersections of
328 g/t gold over 0.9 m (EAG-13-484) and 24.1 g/t gold over 1.0 m
(EAG-13-483), respectively. Assays also indicate that high-grade
mineralization extends as much as 80 metres down-plunge of the Mink
Lense, extending the Mink Lense to 400 metres below surface with
8.4 g/t gold over 4.0 m (EAG-13-496) and 11.2 g/t gold over 0.8 m
(EAG-13-485).
Near the Zone 27 Lense, a shear zone was intersected in
EAG-13-502 with 24.9 g/t gold over 1.1 m at a depth of 537 metres.
This could represent a splay of the shear zone intersected in
EAG-13-466 (12.4 m @ 288.5 g/t gold)1, located approximately 65
metres to the southwest, and may represent another high-grade gold
structure.
The Company also completed a hole-to-hole induced polarization
geophysics program to identify possible depth extensions of gold
mineralized lenses of the Main Zone below the Red Dog
non-mineralized intrusion. The results of the survey are being
processed.
Eagle Hill will release the remaining assay results in January
2014, along with a detailed interpretation of how the fall 2013
drill program has advanced the Company's understanding of the
Windfall Lake gold deposit. Eagle Hill will also release an updated
mineral resource estimate in Q1-2014. The Company has more than
57,000 metres of new drilling to incorporate into the updated
resource estimate, with 28,000 metres from the current drill
program, and 106 holes totalling 29,208 metres(1) that were drilled
after the 2012 resource estimate and prior to the current
program.
1 Drill results have been previously disseminated by press
release and are available on SEDAR and on Eagle Hill's website.
On Behalf of the Board of Directors
John Proust, Chairman and Interim CEO
About the Windfall Lake Gold Project
The Windfall Lake gold deposit comprises a number of lenses of
pyritic stockworks and shears hosted in Archean felsic and
intermediate volcanics situated in the Urban-Barry Greenstone Belt,
approximately 200 km northeast of Val d'Or, Quebec. SRK Consulting
(Canada) Inc. completed a National Instrument 43-101 compliant
resource estimate for Eagle Hill in July 2012 based on historical
drilling by Eagle Hill and previous operators. The estimated
resource comprises 1,665,000 tonnes at 10.05 g/t gold (538,000
ounces) in the indicated category and 2,906,000 tonnes at 8.76 g/t
gold (822,000 ounces) in the inferred category. The bulk of the
mineralization occurs in the Main Zone, a southwest/northeast
trending zone of stacked mineralized lenses, measuring
approximately 600 metres wide and at least 1,400 metres long.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral
exploration company focused on the exploration and development of
the high-grade Windfall Lake Gold Deposit, located between Val-d'Or
and Chibougamau in Quebec. In August 2013, Southern Arc Minerals
and Dundee Corporation invested an aggregate of $12 million to
purchase a controlling interest in Eagle Hill, consolidate
ownership of the Windfall Lake property and fund an aggressive
exploration program. More information is available at
www.eaglehillexploration.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Qualified Person
The technical information in this document has been reviewed
by Eagle Hill's Vice President Exploration, Jean-Philippe
Desrochers, PhD, PGeo, who has sufficient experience relevant to
the style of mineralization under consideration and qualifies as a
Qualified Person as defined by National Instrument 43-101. The
drill program and sampling protocol is managed by Eagle Hill under
the supervision of Jean-Philippe Desrochers. The diamond drill
holes are drilled at NQ sizes and core recovery to date has
averaged better than 95.0%. Half core is cut by rock saw and is
generally sampled using nominal 1-metre intervals; however, sample
intervals vary according to geological contacts and have ranged
between 0.3 to 1.5 metres in length. Two quality control samples
(one blank and one certified reference material) are inserted into
each batch of 20 samples. All assays were performed by ALS Chemex
Laboratory Group, in Val d'Or, Quebec. The half core samples are
securely transported from the project site to the ALS Chemex
laboratory by Eagle Hill personnel. Gold analyses reported in this
release were performed by standard fire assay using a 50-gram
charge with atomic absorption finish and a gravimetric finish for
assays greater than 10 grams per tonne and by metallic sieve method
for samples containing significant amounts of pyrite or visible
gold. In addition, an Aqua regia digestion with ICP-AES finish is
used to analyse a full suite of elements including silver and base
metals.
Cautionary Note Regarding Forward-looking
Statements
This document contains certain forward-looking information
and forward-looking statements within the meaning of applicable
securities legislation (collectively "forward-looking statements").
The use of any of the words "will", "plans", "objective", "expand",
"potential" and similar expressions are intended to identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Such
forward-looking statements should not be unduly relied upon. This
document contains forward-looking statements and assumptions
pertaining to the following: uncertainty involving resource
estimates and the ability to extract those resources economically,
or at all; uncertainty involving drilling programs and the
Company's ability to expand and upgrade existing resource
estimates; the regulatory process and actions; the need to work
with local communities and authorities to advance the properties;
the need to work with Dundee and Southern Arc to advance the
property; technical issues; new legislation; competitive factors
and conditions; uncertainties resulting from potential delays or
changes in plans; the occurrence of unexpected events; and the
Company's ability to execute and implement future plans. Actual
results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and
other factors, including uncertainty related to drill results and
the inclusion of drill results in future resource estimates for the
property. The Company believes the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be
given that these expectations will prove to be correct.
Table 1 - Windfall Lake Gold Deposit Fall 2013 Drill Program -
Assays Received as at December 18, 2013
Section |
Drill Hole |
Total Depth (m) |
Coordinates |
Azimuth |
Dip |
From (m) |
To (m) |
Interval (m) |
Gold (g/t) |
East |
North |
Elevation |
1850 |
EAG-13-478 |
686 |
451821 |
5434321 |
407 |
328.6 |
-46.5 |
200 |
202 |
2.0 |
12.62 |
1850 |
EAG-13-478 |
686 |
451821 |
5434321 |
407 |
328.6 |
-46.5 |
incl. 201 |
202 |
1.0 |
20.50 |
1850 |
EAG-13-478 |
686 |
451821 |
5434321 |
407 |
328.6 |
-46.5 |
207 |
208 |
1.0 |
4.75 |
1850 |
EAG-13-487 |
543 |
451778 |
5434404 |
396 |
331.6 |
-45.6 |
110.6 |
111.5 |
0.9 |
5.71 |
1950 |
EAG-13-488 |
165 |
451924 |
5434352 |
396 |
330 |
-55 |
No significant results |
1950 |
EAG-13-489 |
180 |
451903 |
5434391 |
392 |
330 |
-50 |
No significant results |
2050 |
EAG-13-491 |
156 |
452010 |
5434398 |
401 |
330 |
-56 |
56.0 |
56.9 |
0.9 |
5.55 |
2050 |
EAG-13-491 |
156 |
452010 |
5434398 |
401 |
330 |
-56 |
76.0 |
76.3 |
0.3 |
6.25 |
2050 |
EAG-13-491 |
156 |
452010 |
5434398 |
401 |
330 |
-56 |
94.5 |
95.2 |
0.7 |
17.20 |
2050 |
EAG-13-492 |
108 |
451992 |
5434428 |
399 |
330 |
-55 |
39.0 |
40.1 |
1.1 |
6.23 |
2075 |
EAG-13-486 |
584 |
451950 |
5434556 |
405 |
330 |
-47 |
130.2 |
131.5 |
1.3 |
2.29 |
2075 |
EAG-13-503 |
222 |
451962 |
5434530 |
391 |
330 |
-56 |
No significant results |
2125 |
EAG-13-482 |
132 |
451883 |
5434784 |
399 |
330 |
-55 |
No significant results |
2125 |
EAG-13-500 |
279 |
452017 |
5434539 |
392 |
330 |
-55 |
15.8 |
16.1 |
0.3 |
2.17 |
2125 |
EAG-13-500 |
279 |
452017 |
5434539 |
392 |
330 |
-55 |
102.3 |
102.6 |
0.3 |
2.08 |
2125 |
EAG-13-500 |
279 |
452017 |
5434539 |
392 |
330 |
-55 |
208 |
209.0 |
1.0 |
2.37 |
2125 |
EAG-13-500 |
279 |
452017 |
5434539 |
392 |
330 |
-55 |
224.15 |
235.0 |
10.9 |
1.08 |
2125 |
EAG-13-501 |
273 |
452007 |
5434553 |
393 |
330 |
-55 |
56.8 |
58.2 |
1.4 |
5.02 |
2125 |
EAG-13-501 |
273 |
452007 |
5434553 |
393 |
330 |
-55 |
165 |
168.0 |
3.0 |
1.78 |
2125 |
EAG-13-501 |
273 |
452007 |
5434553 |
393 |
330 |
-55 |
183.6 |
194.0 |
10.4 |
1.43 |
2125 |
EAG-13-501 |
273 |
452007 |
5434553 |
393 |
330 |
-55 |
232.3 |
233.0 |
0.7 |
27.90 |
2125 |
EAG-13-501 |
273 |
452007 |
5434553 |
393 |
330 |
-55 |
Several intervals pending |
2175 |
EAG-13-483 |
557 |
452005 |
5434663 |
402 |
330 |
-49 |
315.0 |
316.0 |
1.0 |
24.10 |
2175 |
EAG-13-483 |
557 |
452005 |
5434663 |
402 |
330 |
-49 |
535.5 |
536.5 |
1.0 |
4.12 |
2175 |
EAG-13-484 |
156 |
451922 |
5434814 |
405 |
330 |
-50 |
101.3 |
102.2 |
0.9 |
327.98 |
2175 |
EAG-13-484 |
156 |
451922 |
5434814 |
405 |
330 |
-50 |
incl 101.3 |
101.7 |
0.4 |
727.00 |
2375 |
EAG-13-480 |
521.6 |
452400 |
5434484 |
404 |
331.1 |
-57 |
194.2 |
196.0 |
1.8 |
3.08 |
2375 |
EAG-13-480 |
521.6 |
452400 |
5434484 |
404 |
331.1 |
-57 |
288.0 |
288.8 |
0.8 |
4.51 |
2375 |
EAG-13-480 |
521.6 |
452400 |
5434484 |
404 |
331.1 |
-57 |
491.6 |
491.9 |
0.3 |
4.00 |
2375 |
EAG-13-480 |
521.6 |
452400 |
5434484 |
404 |
331.1 |
-57 |
515.4 |
515.7 |
0.3 |
6.97 |
2525 |
EAG-13-493 |
285 |
452240 |
5434954 |
410 |
330 |
-59 |
No significant results |
2525 |
EAG-13-495 |
282 |
452231 |
5434976 |
401 |
330 |
-58 |
No significant results |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
144 |
146.0 |
2.0 |
16.16 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
165.5 |
167.4 |
1.9 |
4.01 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
180 |
181.0 |
1.0 |
19.70 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
190.6 |
191.1 |
0.5 |
3.13 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
209.9 |
210.3 |
0.4 |
2.60 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
288.45 |
288.9 |
0.5 |
32.50 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
288.9 |
289.4 |
0.5 |
2.88 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
375.4 |
376.0 |
0.6 |
3.99 |
2550 |
EAG-13-498 |
570 |
452502 |
5434550 |
400 |
330 |
-61 |
379 |
380.0 |
1.0 |
4.10 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
203.0 |
204.0 |
1.0 |
5.63 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
212.4 |
213.0 |
0.6 |
4.49 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
278.0 |
278.5 |
0.5 |
4.14 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
318.5 |
319.0 |
0.5 |
21.00 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
456.5 |
457.3 |
0.8 |
37.00 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
520.4 |
521.2 |
0.8 |
11.20 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
557.0 |
557.5 |
0.5 |
5.29 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
606.2 |
606.5 |
0.3 |
4.25 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
609.5 |
610.1 |
0.6 |
8.28 |
2625 |
EAG-13-485 |
633 |
452562 |
5434601 |
402 |
330 |
-58 |
611.7 |
613.5 |
1.8 |
7.32 |
2625 |
EAG-13-502 |
604.7 |
452507 |
5434696 |
404 |
330 |
-57 |
95 |
96.0 |
1.0 |
1.74 |
2625 |
EAG-13-502 |
604.7 |
452507 |
5434696 |
404 |
330 |
-57 |
138.9 |
139.5 |
0.6 |
2.56 |
2625 |
EAG-13-502 |
604.7 |
452507 |
5434696 |
404 |
330 |
-57 |
197.6 |
198.0 |
0.4 |
1.53 |
2625 |
EAG-13-502 |
604.7 |
452507 |
5434696 |
404 |
330 |
-57 |
244 |
268.0 |
24.0 |
0.96 |
2625 |
EAG-13-502 |
604.7 |
452507 |
5434696 |
404 |
330 |
-57 |
536.2 |
537.3 |
1.1 |
24.91 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
110 |
111.0 |
1.0 |
3.89 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
119.9 |
121.0 |
1.1 |
3.14 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
240.7 |
241.5 |
0.8 |
2.54 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
367.6 |
368.6 |
1.0 |
19.70 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
408 |
409.3 |
1.3 |
6.42 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
472.1 |
473.2 |
1.1 |
2.19 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
489 |
493.0 |
4.0 |
8.40 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
511 |
518.2 |
7.2 |
2.87 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
incl. 516 |
517.0 |
1.0 |
7.93 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
527 |
528.0 |
1.0 |
5.86 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
542 |
543.0 |
1.0 |
4.17 |
2675 |
EAG-13-496 |
628.7 |
452584 |
5434655 |
399 |
330 |
-59 |
573 |
573.8 |
0.8 |
2.54 |
2750 |
EAG-13-494 |
707 |
452729 |
5434542 |
392 |
330 |
-60 |
527.7 |
538.0 |
10.3 |
2.98 |
2750 |
EAG-13-494 |
707 |
452729 |
5434542 |
392 |
330 |
-60 |
incl 527.7 |
529.5 |
1.8 |
5.13 |
2750 |
EAG-13-494 |
707 |
452729 |
5434542 |
392 |
330 |
-60 |
incl 532 |
533.0 |
1.0 |
14.10 |
2750 |
EAG-13-494 |
707 |
452729 |
5434542 |
392 |
330 |
-60 |
630.7 |
631.4 |
0.7 |
4.72 |
2750 |
EAG-13-494 |
707 |
452729 |
5434542 |
392 |
330 |
-60 |
663.8 |
665.0 |
1.2 |
4.94 |
2750 |
EAG-13-494 |
707 |
452729 |
5434542 |
392 |
330 |
-60 |
676.8 |
677.3 |
0.5 |
9.64 |
2750 |
EAG-13-499 |
711 |
452669 |
5434668 |
374 |
330.5 |
-55.7 |
44 |
45.0 |
1.0 |
2.25 |
2750 |
EAG-13-499 |
711 |
452669 |
5434668 |
374 |
330.5 |
-55.7 |
109 |
110.0 |
1.0 |
2.08 |
2750 |
EAG-13-499 |
711 |
452669 |
5434668 |
374 |
330.5 |
-55.7 |
461 |
463.7 |
2.7 |
2.30 |
2750 |
EAG-13-499 |
711 |
452669 |
5434668 |
374 |
330.5 |
-55.7 |
515 |
518.6 |
3.6 |
1.14 |
2750 |
EAG-13-499 |
711 |
452669 |
5434668 |
374 |
330.5 |
-55.7 |
618 |
628.4 |
10.4 |
0.85 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
47.0 |
47.5 |
0.5 |
4.28 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
330.0 |
332.8 |
2.8 |
3.13 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
360.0 |
361.0 |
1.0 |
3.07 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
391.8 |
392.5 |
0.7 |
3.33 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
477.5 |
478.0 |
0.5 |
2.40 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
483.9 |
484.4 |
0.5 |
4.99 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
530.0 |
530.5 |
0.5 |
2.51 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
564.3 |
565.4 |
1.1 |
4.39 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
598.0 |
598.9 |
0.9 |
5.26 |
2850 |
EAG-13-490 |
675 |
452730 |
5434746 |
397 |
330 |
-61 |
641.0 |
641.5 |
0.5 |
4.19 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
37.5 |
38.5 |
1.0 |
2.23 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
63.7 |
64.5 |
0.8 |
5.63 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
91.6 |
92.5 |
0.9 |
6.06 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
102 |
102.5 |
0.5 |
8.36 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
106 |
108.5 |
2.5 |
4.34 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
incl. 106 |
106.6 |
0.6 |
9.16 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
211.3 |
212.0 |
0.7 |
3.69 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
240 |
241.0 |
1.0 |
16.35 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
417 |
417.5 |
0.5 |
4.70 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
452.5 |
453.0 |
0.5 |
5.58 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
467 |
470.3 |
3.3 |
3.55 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
489.2 |
490.0 |
0.8 |
2.98 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
567.8 |
568.4 |
0.6 |
2.31 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
713.7 |
715.5 |
1.8 |
2.20 |
2900 |
EAG-13-497 |
744 |
452771 |
5434768 |
398 |
330 |
-61 |
715.8 |
EOH |
|
Pending |
Eagle Hill Exploration CorporationRhylin BailieVice President,
Communications & Investor
Relations604-697-5791info@eaglehillexploration.comwww.eaglehillexploration.com
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