VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2010) - Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) ispleased to announce that it has received the final assay results from 6more holes (Holes EAG-10-230, 232, 233, 234, 235 and 236) from theCompany's 14 Hole summer drill program at the Windfall Lake Property.
The final assay results from the second 6 holes and the first4 holes of the summer drill program (announced August 4, 2010) showgold values in 100% of the holes drilled.
Values from the 6 holes include Hole EAG-10-232 with 16.36 g/t gold over 3.35 meters (13.23 g/t when cut to 1.00 oz/t) and in the newly identified near surface zone Hole EAG-10-233 showed 2.41 g/t over 5.20 meters (the same when cut to 1.00 oz/t). Hole EAG-10-234 showed 0.93 g/t over 63 meters (0.88 g/t when cut to 1.00 oz/t). Hole EAG-10-235 had three very strong separate intercepts including 9.37 g/t gold over 4.4 meters near surface (at a depth of 72.60 meters to 77.00 meters), 10.38 g/t over 3.00 meters (7.86 g/t when cut to 1.00 oz/t) and 1.34 g/t gold over 10.00 meters(the same when cut to 1.00 oz/t). Most importantly there were goldvalues over widths ranging from 3.35 meters to 63.00 meters in all 10holes drilled. In addition, these results confirm the presence of a newzone of gold mineralization at a depth of only 60 meters from thesurface.
Drill holes 227 to 236 are the first ten holes from thesummer drill program at Windfall Lake Property all drilled from oneset-up. The summer drill program is scheduled to be 14 holes and willencompass approximately 5,000 meters in total. This phase of the drillprogram is just over 80% complete and the drill has been moved to asecond set-up for the final 4 holes. Further assay results from theprogram will be released as they become available. The current drillprogram is the first phase of an intended 15,000 meter drill programwhich will have phase 2 and 3 executed over the next 6 to 9 months.
This current drill program was designed to better understandthe geological structure of the gold mineralization in Zone 27. Thiszone encompasses historic drill holes such as NOT-04-27 (3.90 g/t goldover 35.55 meters), NOT-05-73 (39.94 g/t gold over 17.30 meters) andEAG-10-196 (14.2 g/t gold over 52.00 meters). The results from thecurrent drill program confirm the continuity of the gold mineralizationthroughout Zone 27. Discovery of the potential new zone close to thesurface was not anticipated. The results from the entire program will beused to update the Windfall Lake Property model. The model will thenhelp assess new gold mineralization so that a better understanding ofthe property's gold deposits can be determined.
The following table shows the most material assay resultsfrom Holes EAG-10-230, 232, 233, 234, 235 and 236. A complete table ofresults will be shown in the near future on Eagle Hill's website at www.eaglehillexploration.com.
Gold analyses reported in this release were performed bystandard fire assay using a 30g charge with atomic absorption finish anda gravimetric finish for assays greater than 10 g/t. Assays returningresults over 1 oz/t gold by atomic absorption are re-assayed usingmetallic sieve method. All assays were performed by ALS ChemexLaboratory Group, in Val D'Or, Quebec and Vancouver, British Columbia.Sampling and analytical procedures are subject to a comprehensivequality assurance and quality control program conceived by the MurgorResources Inc. technical team. The QA-QC program, includes duplicatesamples, blanks and analytical standards.
Mr. Terence Schorn, P.Geo. is a Qualified Person registeredin Quebec as defined by NI-43-101 and has reviewed the technicalinformation this press release contains.
About the Windfall Lake Property
The Windfall Lake Property is comprised of 362 contiguousclaims (over 12,000 hectares) in the Abitibi mineralized belt ofnorthern Quebec. This area between Val d'Or and Chibougamau is known forits gold and copper production and excellent infrastructure forexploration and mining. Historically, the Windfall Lake Property has hadextensive historic grassroots exploration work. Eagle Hill has signedoptions with Murgor Resources Inc., Freewest Resources Canada Inc., andNoront Resources Inc. to acquire the Windfall Lake Property.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineralexploration company focused on the exploration and development of goldand precious metal prospects. The Company is set to become an advancedstage gold and precious metal exploration company with its acquisitionof the Windfall Lake high grade gold project, located in Urban Township,Quebec, between Val D'or and Chibougamau. Eagle Hill seeks projectsthat contain or have potential to have large resource potential. TheCompany'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.
ON BEHALF OF THE BOARD,
P. Bradley Kitchen, President
FORWARD LOOKING STATEMENTS
This release contains "forward-lookingstatements" within the meaning of applicable Canadian securitieslegislation, including predictions, projections and forecasts.Forward-looking statements include, but are not limited to, statementsthat address activities, events or developments that the Company expectsor anticipates will or may occur in the future, including such thingsas future business strategy, competitive strengths, goals, expansion,growth of the Company's businesses, operations, plans and with respectto exploration results, the timing and success of exploration activitiesgenerally, permitting time lines, government regulation of explorationand mining operations, environmental risks, title disputes or claims,limitations on insurance coverage, timing and possible outcome of anypending litigation and timing and results of future resource estimatesor future economic studies.
Often, but not always, forward-looking statements can beidentified by the use of words such as "plans", "planning", "planned","expects" or "looking forward", "does not expect", "continues","scheduled", "estimates", "forecasts", "intends", "potential","anticipates", "does not anticipate", or "belief", or describes a"goal", or variation of such words and phrases or state that certainactions, events or results "may", "could", "would", "might" or "will" betaken, occur or be achieved.
Forward-looking statements are based on a number ofmaterial factors and assumptions, including, the result of drilling andexploration activities, that contracted parties provide goods and/orservices on the agreed timeframes, that equipment necessary forexploration is available as scheduled and does not incur unforeseenbreak downs, that no labour shortages or delays are incurred, that plantand equipment function as specified, that no unusual geological ortechnical problems occur, and that laboratory and other related servicesare available and perform as contracted. Forward-looking statementsinvolve known and unknown risks, future events, conditions,uncertainties and other factors which may cause the actual results,performance or achievements to be materially different from any futureresults, prediction, projection, forecast, performance or achievementsexpressed or implied by the forward-looking statements. Such factorsinclude, among others, the interpretation and actual results of currentexploration activities; changes in project parameters as plans continueto be refined; future prices of gold; possible variations in grade orrecovery rates; failure of equipment or processes to operate asanticipated; the failure of contracted parties to perform; labourdisputes and other risks of the mining industry; delays in obtaininggovernmental approvals or financing or in the completion of exploration,as well as those factors disclosed in the company's publicly fileddocuments. Although both companies have attempted to identify importantfactors that could cause actual actions, events or results to differmaterially from those described in forward-looking statements, there maybe other factors that cause actions, events or results not to be asanticipated, estimated or intended. There can be no assurance thatforward-looking statements will prove to be accurate, as actual resultsand future events could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements.
Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.