VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/13 -- Eagle Hill Exploration Corporation (TSX VENTURE: EAG) ("Eagle Hill" or the "Company") is pleased to announce assay results from its 2012 drill program at the Windfall Lake Gold Deposit in Northwestern Quebec. The new results include wide intercepts of high grade gold mineralization occurring near surface as a series of parallel lenses. These results are part of a drill program designed to expand the size of the mineral resource estimation released on July 25, 2012 that already includes 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) as an inferred resource.
Near surface mineralization
Eagle Hill's Exploration Team has done a very good job of modeling the gold mineralization at Windfall Lake. One specific achievement from this modeling has been to follow the faulted offset of the most prolific gold zone, Zone 27, from depth to surface. With further drilling, the Company has been able to discover other near surface parallel lenses of relatively high grade, gold mineralization. So far, Eagle Hill has defined the shallow gold mineralization over a strike length of more than 600 meters. These new findings suggest that part of the gold mineralization at Windfall Lake could be extracted by an open pit mining operation.
With respect to the new findings, the Company completed several shallow diamond drill holes in the upper Extension of Zone 27 and was able to define its lateral continuity over more than 300 meters. The Zone 27 upper extension consists of a gold-rich lens plunging shallowly to the east and extending for more than 50 meters vertically with widths of up to 31 meters. Some of the best results for this zone include 5.53 g/t Au over 15.8 meters in drillhole EAG-12-441. In addition to their intersections in Zone 27, several of the shallow drill holes returned other significant intersections from parallel mineralized lenses in the first one hundred meters below the surface. The best results for the additional lenses include 14.74 g/t Au over 17.9 meters and 15.12 g/t Au over 4.2 meters as listed in the table below.
"These new results that expand the size of the near surface gold deposit in multiple lenses showing a consistent gold distribution. The broadening of the gold mineralization at such a shallow depth strengthens the case for a potential open pit operation for this part of the Windfall deposit. The grades for the near surface gold zones at Windfall Lake are much higher than that of traditional open pit operations," stated Brad Kitchen, President and Chief Executive Officer of Eagle Hill Exploration. "The feasibility for an open pit operation will need to be investigated in more detail but further validates management's decision to commitment to cause the commencement of commercial production."
The table below shows the best assay results from the near surface gold zones together with the depth of the intercepts below the surface.
---------------------------------------------------------------------------- Depth of intercept From To (metersDrill hole (m) (m) Assays below surface)----------------------------------------------------------------------------EAG-12-440 53.70 57.60 35.6 g/t Au over 3.9 m 47----------------------------------------------------------------------------EAG-12-441 33.40 43.20 4.76 g/t Au over 9.8 m 28 ------------------------------------------------------------------ 113.00 128.80 5.53 g/t Au over 15.8 m 96----------------------------------------------------------------------------EAG-12-442 55.00 58.00 12.84 g/t Au over 3.0 m 52 ------------------------------------------------------------------ 92.00 102.00 3.52 g/t Au over 10.0 m 88----------------------------------------------------------------------------EAG-12-443 29.00 46.90 14.74 g/t Au over 17.9 m 29----------------------------------------------------------------------------EAG-12-444 52.80 57.00 15.12 g/t Au over 4.2 m 44----------------------------------------------------------------------------EAG-12-446 120.50 129.10 3.51 g/t Au over 8.6 m 107----------------------------------------------------------------------------
