RE: Neighbors results Bon Terra v Eagle HillBTR's drilling continues to confirm property around Barry as having potential for a gold camp.
However, EAG's windfall Lake drilling to the north is much more impressive. BTR's drilling produced relatively low grades in drill widths of 1m max in depths circa 200m. However, in contrast, to the North, EAG's drilling has produced grades of over 10g across 24m and this is at only 60m depth.
The jury is still out on whether Metanor's management has the ability to get BL producing cash early enough in order to assemble a lead position in a potential Barry camp development. Both BTR and EAG are likely to be open for progress in this regard, particularly as Robert Bryce is director of MTO and also EAG & BTR ......
VANCOUVER, BRITISH COLUMBIA – September 27, 2012 (TSX.V: EAG) Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") is pleased to release new assay results from its current drill program targeting the extensions of the Windfall Lake Gold Deposit in Northwestern Quebec. These results are part of an ongoing drill program designed to expand the size of the mineral resource estimate published in July 2012 that contained 538,000 ounces in the indicated category and 822,000 ounces in the inferred category.
This part of the drilling program is designed to expand the size of the thick, near surface, rich gold mineralization sitting within the first 100 meters from surface and referred to as the Zone 27 Upper Extension. Drill hole EAG-12-418 returned 10.59 g/t gold over 24.0 meters from an altered porphyry dyke cross-cutting a rhyolite unit at only 60 meters below the surface on section 2100 E. The individual assay results for this interval are listed on the Company’s website along with the pierce point of the drillhole is illustrated on the longsection available at www.eaglehillexploration.com/sections.
Two other drill holes tested the eastern extension of the gold mineralization on section 2800 E. Drill hole EAG-12-413 intersected a wide mineralized interval assaying 3.1g/t gold over 26.3 meters at only 50 meters below surface. Drill hole EAG-12-414 intersected the depth extension of the wide zone reported above and assayed 6.65 g/t gold over 3.0 meters. The two intersections are located 60 meters to the southeast of Zone 27 and occur in a porphyry dyke. These gold intersections indicate the possibility for an additional near surface zone, similar to the Zone 27 Upper Extension.
The results of the current drill program, initiated in late May 2012, continue to fulfill the objective set for this drill program by discovering additional gold mineralization to increase the size of the mineral resource at Windfall Lake.
The gold mineralized zones defined to date at Windfall Lake cover a lateral extension of more than 700 meters and include, from South to North, the Caribou South zone, the Caribou zone, the Mink zone, Zone 27 South, Zone 27, the Mallard zone, and the Mallard North zone; all included in the Main Zone of the July 2012 mineral resource estimation. All the zones are near vertical and vary in thickness between 2 meters and 35 meters. In addition to the near surface gold mineralization present at Windfall, recent drilling has demonstrated that mineralized zones continue to a depth of 770 meters below the surface with intercepts such as 8.9 g/t Au over 14.0 meters and 5.5 g/t Au over 15.0 meters below the Red Dog intrusion (March 1, 2012 press release).
A map of the Windfall Lake property outlining the location of the gold zones, drill holes and areas of potential expansion, together with cross-sections, a longitudinal section and pictures of core showing the mineralization style have been posted on Eagle Hill's website,
www.eaglehillexploration.com/sections