News...DOS finds new Carbonatite Zone Rare Earth
Eagle Hill Cuts 14.20 g/t Gold Over 52 Meters (3.42 g/t Cut) WithFinal Assays From Drill Hole EAG-10-196 at Windfall Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2010) - EagleHill Exploration Corporation ("Eagle Hill" or the "Company") (TSXVENTURE:EAG) is pleased to announce that it has received the final assayresults from drill hole EAG-10-196 from the Company's first drillprogram at the Windfall Lake Property.
The complete assay results from the gold mineralized zone returned14.20 g/t gold over 52 meters (3.42 g/t when cut to 1.00 oz/t). EagleHill had reported the first 33 meters of this intersection in a pressrelease dated March 10, 2010.
Drill hole 196 is the first step-out drill hole completed atWindfall Lake by Eagle Hill, and extends the gold mineralization by 46meters to the SW. The zone remains open towards the SW where Eagle Hillhas now expanded its drill program to better delineate the extent of thegold mineralization.
"We're very pleased with these initial results which exceed ourexpectations and confirm the bulk tonnage potential of the Windfall golddeposit," explained Brad Kitchen, President and C.E.O. of Eagle Hill."These high gold grades over such wide intercepts will quickly add tothe potential gold resource at Windfall Lake."
The following table shows the most significant assay results fromhole EAG-10-196. A complete table of results will be shown on EagleHill's website at www.eaglehillexploration.com.
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New assay values
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Cut to 1
Hole Number From (m) To (m) Length (m) Au (g/t) oz/t
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129.60 136.05 6.45 1.74 same
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254.00 306.00 52.00 14.20 3.42
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Incl.
EAG-10-196 271.00 287.00 16.00 38.69 5.49
273.00 274.00 1.00 52.9
286.00 287.00 1.00 547.00
302.00 306.00 4.00 21.34 14.06
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True widths of the mineralized zones are estimated at 85% of the core
lengths reported in the table above.
The new results listed above are preliminary results from a 10,000meter drilling program currently underway at the Windfall Lake Goldproject. Assay results from the whole program will be released as theybecome available.
Gold analyses reported in this release were performed by standardfire assay using a 30g charge with Atomic Absorption finish and agravimetric finish for assays greater than 10 g/t. Samples containingvisible gold or suspected to contain coarse gold are assayed usingmetallic sieve method. All assays were performed by ALS ChemexLaboratory Group, in Val D'Or, Qc. Sampling and analytical proceduresare subject to a comprehensive Quality Assurance and Quality Controlprogram conceived by Murgor Resources Inc.'s technical team. The QA-QCprogram, includes duplicate samples, blanks and analytical standards.
Dr. Jean-Philippe Desrochers, P.Geo. and Vice-President ofExploration for Murgor Resources Inc. (TSX VENTURE:MGR) is a QualifiedPerson as defined by NI-43-101 that supervised the field work reportedin this press release and reviewed the technical information itcontains. Murgor has entered into a services contract with the Companyin which Murgor will conduct the exploration on the Windfall LakeProperty.
About the Windfall Lake gold project
The Windfall Lake Property is comprised of 340 contiguous claims(10,991 hectares) in the Abitibi mineralized belt of northern Quebec.This area between Val d'Or and Chibougamau is known for its gold andcopper production and excellent infrastructure for exploration andmining. Historically, the Windfall Lake Property has had extensivehistoric grassroots exploration work. Eagle Hill has signed options withMurgor Resources Inc., Freewest Resources Canada Inc., and NorontResources Inc. to acquire 340 contiguous claims for a total of 10,991hectares.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral explorationcompany focused on the exploration and development of gold and preciousmetal prospects. The Company is set to become an advanced stage goldand precious metal exploration company with its acquisition of theWindfall Lake high grade gold project, located in Urban Township,Quebec, between Val D'or and Chibougamau. Eagle Hill seeks projects thatcontain or have potential to have large resource potential. TheCompany's website at www.eaglehillexploration.comand public filings at www.sedar.comprovide additional information on its properties and other informationwith respect to its management and operations.
ON BEHALF OF THE BOARD,
P. Bradley Kitchen, President
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within themeaning of applicable Canadian securities legislation, includingpredictions, projections and forecasts. Forward-looking statementsinclude, but are not limited to, statements that address activities,events or developments that the Company expects or anticipates will ormay occur in the future, including such things as future businessstrategy, competitive strengths, goals, expansion, growth of theCompany's businesses, operations, plans and with respect to explorationresults, the timing and success of exploration activities generally,permitting time lines, government regulation of exploration and miningoperations, environmental risks, title disputes or claims, limitationson insurance coverage, timing and possible outcome of any pendinglitigation and timing and results of future resource estimates or futureeconomic studies.
Often, but not always, forward-looking statements can be identifiedby the use of words such as "plans", "planning", "planned", "expects" or"looking forward", "does not expect", "continues", "scheduled","estimates", "forecasts", "intends", "potential", "anticipates", "doesnot anticipate", or "belief", or describes a "goal", or variation ofsuch words and phrases or state that certain actions, events or results"may", "could", "would", "might" or "will" be taken, occur or beachieved.
Forward-looking statements are based on a number of material factorsand assumptions, including, the result of drilling and explorationactivities, that contracted parties provide goods and/or services on theagreed timeframes, that equipment necessary for exploration isavailable as scheduled and does not incur unforeseen break downs, thatno labour shortages or delays are incurred, that plant and equipmentfunction as specified, that no unusual geological or technical problemsoccur, and that laboratory and other related services are available andperform as contracted. Forward-looking statements involve known andunknown risks, future events, conditions, uncertainties and otherfactors which may cause the actual results, performance or achievementsto be materially different from any future results, prediction,projection, forecast, performance or achievements expressed or impliedby the forward-looking statements. Such factors include, among others,the interpretation and actual results of current exploration activities;changes in project parameters as plans continue to be refined; futureprices of gold; possible variations in grade or recovery rates; failureof equipment or processes to operate as anticipated; the failure ofcontracted parties to perform; labour disputes and other risks of themining industry; delays in obtaining governmental approvals or financingor in the completion of exploration, as well as those factors disclosedin the company's publicly filed documents. Although both companies haveattempted to identify important factors that could cause actualactions, events or results to differ materially from those described inforward-looking statements, there may be other factors that causeactions, events or results not to be as anticipated, estimated orintended. There can be no assurance that forward-looking statements willprove to be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Eagle Hill Exploration Corporation (Vancouver)
Brad Kitchen
604.638.8072
info@eaglehillexploration.com
www.eaglehillexploration.com