Eagle Hill Exploration Corporation: New Drill Results and New Gold Zone at the Windfall Lake Property
VANCOUVER, BRITISH COLUMBIA, Jan 17, 2011 (Marketwire via COMTEX News Network) --
Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is pleased to announce that it has received assay results from an additional three drill holes confirming the continuity of gold mineralization in the Caribou zone at the Company's Windfall Lake Property (the "Property"). In addition, a new gold zone, named the Mink Zone, has been identified at the Property. The Company has now resumed its winter drilling program and is planning to drill an additional 8,000 meters to increase the size of the known gold zones and to discover new gold mineralization by testing the recently identified, but never drilled geophysical anomalies.
The new assay results confirm the continuity of gold mineralization in the Caribou Zone at shallow depth. The results of the 3 holes include 2.81 g/t Au over 14.0 meters in hole EAG-10-244 and 1.6 g/t Au over 13.0 meters in hole EAG-10-246. A new geological interpretation indicates a higher grade gold shoot plunging moderately to the east-northeast with results including 53.64 g/t Au over 4.55 m and 28.8 g/t Au over 3.35 m in previous drilling.
The results of drill hole EAG-10-245 containing an intercept 3.27 g/t Au over 8.15 m, confirm the presence of a gold zone, located some 50 meters to the SE of Zone 27. The Mink Zone also incorporates past drill holes such as FUR-03-05 (9.87 g/t Au over 7.13 m) and NOT-06-84 (11.74 g/t Au over 3.75 m).
"Continuity of gold mineralization in the Caribou Zone is very positive for this near surface gold zone," explained Dr. Jean-Philippe Desrochers, Chief Geologist of Eagle Hill. "We have now identified a moderate plunge to the east-northeast for higher grade gold mineralization in the Caribou Zone, which remains undrilled. The remainder of our drilling program will test the extensions of the Caribou Zone, better define the new Mink Zone, and delineate the extensions of Zone 27."
The following table shows the most material assay results from the three drill holes. A complete table of results, and a photo of the style of mineralization, will be shown in the near future on Eagle Hill's website at
www.eaglehillexploration.com.