ist der Handelsstopp aufgehoben ..dann wird es hier knallen....
NEWS :
Eagle Hill Continues to Intersect High Grade Gold Including 13.32 g/t Gold Over 19.00 Meters at the Windfall Lake Property
Mar. 8, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is pleased to announce further results of its successful drilling program that continues to return significant assay results over large widths while meaningfully extending the size of the known gold zones at the Windfall Lake Property ("Windfall Lake Property" or "Property").
The three holes reported from the Property significantly increase the size of Eagle Hill's most prolific gold zone, Zone 27. With these results, this zone has been extended by 100 meters to the east, for a known strike length of over 450 meters, and still remains open to the East. The most significant assay result from the three holes reported today is from hole EAG-11-259 that intersected 13.32 g/t Au over 19.00 meters, including a higher grade portion of 17.81 g/t Au over 9.00 meters. The gold mineralization is hosted in a well-developed zone of disseminated and stringers of pyrite with local chalcopyrite. The results of this drill hole indicate that Zone 27 may also extend for up to 500 meters vertically on this section.
Drill hole EAG-11-253 is one of the very few holes (only 10 holes over a 1 kilometer strike length) that tested Zone 27 in the upper 200 meters from surface. The results obtained with this hole, 9.49 g/t Au over 7.0 meters, confirm vertical and width continuity in the gold grades for Zone 27 and demonstrate that the good grade gold mineralization, defined so far at depth, extends towards surface.
Drill hole EAG-11-254 was drilled some 50 meters to the east of drill hole EAG-10-246 (10.86 g/t Au over 5.40 meters) and the above described hole EAG-11-253. This long drill hole intersected significant widths of gold mineralization in three gold zones including 12.00 meters of 2.30 g/t Au in the Mink Zone, 12.80 meters of 1.13 g/t Au in the Caribou Zone and 8.00 meters of 1.59 g/t Au in Zone 27. This hole is important in that it both extends the known gold zones and demonstrates continuity of gold mineralization in all the known zones.
"The success rate of hitting significant gold results in each hole of the current drill program has demonstrated that our exploration team has been able to successfully model the gold mineralization on the Windfall Lake Property", stated Brad Kitchen, President and Chief Executive Officer of Eagle Hill Exploration. "Dr. Jean-Philippe Desrochers and his team will now focus on defining additional ounces to the known gold zones and begin a more broad reaching exploration program."
Complete results for EAG-11-259 and for drill holes EAG-11-255 to EAG-11-258 will be released as soon as they become available. Eagle Hill has completed over 7,000 meters of drilling of its current drill program. Assay results for additional holes are pending and will be released when available.
A map of the Windfall Lake Property outlining the location of the gold zones, drill holes and areas of potential expansion has been posted on Eagle Hill's website at www.eaglehillexploration.com.
The following table shows the most material assay results from the three drill holes. A complete table of results will be shown in the near future on Eagle Hill's website.
Hole Number From To Length Au Comments
(m) (m) (m) (g/t)
227.00 234.00 7.00 9.49 Zone 27
EAG-11-253 250.00 251.00 1.00 18.50 Interval Parallel to Zone 27
270.00 271.00 1.00 19.75 Interval Parallel to Zone 27
32.65 36.30 3.65 2.23 Above fault - Caribou Zone
80.00 92.80 12.80 1.13 Caribou Zone
EAG-11-254 118.90 125.00 6.10 3.19 Zone Parallel to Caribou
315.00 327.00 12.00 2.30 Mink Zone
335.00 338.00 3.00 2.85 Between Mink and Zone 27
254.00 362.00 8.00 1.59 Zone 27
EAG-11-255 Assays Pending
EAG-11-256 Assays Pending
EAG-11-257 Assays Pending
EAG-11-258 Assays Pending
EAG-11-259 393.00 412.00 19.00 13.32 Zone 27 Eastern Extension
393.00 412.00 19.00 10.35 Cut to 1 oz/t
incl. 399.00 408.00 9.00 17.81
incl. 395.00 396.00 1.00 58.50
incl. 402.00 403.00 1.00 66.40
The true widths are approximately 70% of reported width.
In other business, Eagle hill has issued 150,000 options to a consultant at an exercise price of $0.30 per share expiring on March 1, 2013.
Eagle Hill would again like to announce that it is a sponsor of the 2011 Prospectors and Developers Association Conference and would invite all shareholders and interested parties to visit our display and meet the Eagle Hill team members at the Delegates Lounge on the 700 Level of the Metro Toronto Convention Center.
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 the metallic sieve method. All assays were performed by ALS Chemex Laboratory Group, in Val d'Or, Quebec. 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 that this press release contains.
About the Windfall Lake Property
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 historic grassroots exploration work. Along with its independently acquired claims at the Windfall Lake Property. 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.
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. The Company is set to become an advanced stage gold and precious metal exploration company with its acquisition of the Windfall Lake high grade gold project, located in Urban Township, Quebec, between Val-D'Or and Chibougamau. Eagle Hill seeks projects that contain or have potential to have large resource potential. 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.
This press release is not an offer of securities for sale in the United States. The common shares being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.
This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Eagle Hill Exploration Corp. Statements regarding mineral exploration operations and objectives are subject to risk, including, but are not limited to, exploration and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially.
ON BEHALF OF THE BOARD,
P. Bradley Kitchen, President
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