Dec 17 2010
Eagle Hill Exploration Corporation (TSX VENTURE:EAG) has announced that it has begun its 10,000 meter drill program at the Windfall Lake Property.
The Company has now received results from the first three (3) holes which will test the continuity of the new, near surface "Caribou Zone" originally discovered in the summer 2010 drill program. The current 10,000 meter drill program is designed to increase the size of the previously identified Zone 27, and will also test the recently identified and never drill tested geophysical anomalies.
The new assay results confirm the presence of continuous high-grade gold mineralization in the recently discovered zone, intersected at shallow depth, between surface and a vertical depth of 100 meters. The results of the first three (3) boreholes include 18.82 g/t Au over 9.90 meters in hole EAG-10-241 and 53.64 g/t Au over 4.55 meters in hole EAG-10-243. Those two boreholes are drilled some 45 and 20 meters respectively to the southwest of previously reported hole EAG-10-240 with 17.36 g/t gold over 12.00 meters.
"The first results of this ongoing drill program are an absolute success. They confirm continuity and the excellent grade of the gold mineralization in the first 100 metres below surface in the new Caribou Zone," explained Brad Kitchen, President of Eagle Hill. "We are convinced that this new zone that has been recognized for a strike-length of 250 meters and remains open laterally and at depth represents a significant upside for the Windfall Lake Property."
The new Caribou Zone is located 150 m to the southeast of Zone 27 and consists of a steep, southeasterly dipping, ENE-trending mineralized corridor. The corridor measures between 3 and 7 meters in width and has been traced for a distance of 250 meters laterally, so far. The zone remains open laterally and at depth. It is cross-cut locally by an undulating fault zone, containing fragments of mineralized rhyolite. The fault zone lies at shallow angle to the mineralized corridor and Eagle Hill is currently working at the finding the displacement along the fault zone to target the potential offset extension of the Caribou Zone.
Gold mineralization in the Caribou Zone is associated with a pyritic stockwork containing between 3-10% pyrite with local chalcopyrite and semi-massive pyrite bands. The gold zone is hosted in strongly silica-sericite altered rhyolite flow unit. The style of gold mineralization in the Caribou Zone is very similar to that of Zone 27.
The mineralized zones were drilled in NQ core and sampled with an average length of 1 meter. Gold analyses reported in this release were performed by standard fire assay using a 30 gram charge with atomic absorption finish and a gravimetric finish for assays greater than 10 grams per ton. Assays returning results over 1 ounce per ton of gold by atomic absorption are re-assayed using metallic sieve method. All assays were performed by ALS Chemex Laboratory Group, in Val D'Or, Quebec and Vancouver, British Columbia. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QA-QC program includes duplicate samples, blanks and analytical standards.
Jean-Philippe Desrochers, Ph.D., P.Geo. is a Qualified Person registered in Quebec as defined by NI-43-101 and has reviewed the technical information this press release contains.
The Windfall Lake Property is comprised of 362 contiguous claims (over 12,000 hectares) in the Abitibi mineralized belt of northern Quebec. This area between Val d'Or and Chibougamau is known for its gold and copper production and excellent infrastructure for exploration and mining. Historically, the Windfall Lake Property has had extensive grassroots exploration work. Along with its independently acquired claims at the Windfall Lake Propety. Eagle Hill has signed options with Murgor Resources Inc., Cliffs Natural Resources Inc. (formerly, Freewest Resources Canada Inc.), and Noront Resources Inc. to acquire the Windfall Lake Property.
Source:
Eagle Hill Exploration Corporation