Eagle Hill Exploration Corporation V.EAG

15,000M drill progam in January....

[MaxT]

....prior to the 43-101.....then possible JV or Buyout negotiatiions!

.....I expect that they already have some results from the last 30 holes in the main zone and this quick financing will enable them to drill specific target areas and maintain the aggressive drill program in preparation for the next updated mineral resource estimate

@$115 m total drill expenses...$2m would cover the cost of a 15000 m drill program

...many jr resource companies are only able to intiate small (1-5km)programs to stay afloat

EAG is EXCEPTIONAL
...its all good

...MaxT

[tomgranite]

I agree that there will be further drilling and hopefully another 43-101 towards the end of the year, possible coinciding with a PEA. But drilling again in January without fully analysing what they have just found? I am hoping for a bigger drill program than 15,000m after the 43-101 has been published in late Feb or early March.

[tomgranite]

Max, I have had a rethink about your suggestion of a drill program in January. The only possibility I see of further drilling would be on the new area 500m to the southwest of the main zone. So far they have done 18 holes consisting of around 8,000 metres. SRK may not give much credit in the way of a resource as there are insufficient results. When the last 43-101 came out, the main zone consisted

[MaxT]

They are definitely Targetting a Major Resource at Windfall (imo)..... Posted by: Answered by: Posted date: December 5, 2013   Is a 4th rig being used to drill infill holes in the area that recently extended the main zone by 500m to the southwest, or is there an attempt to extend the southwest mineralisation still further.   Because drilling is so cheap this year