Eagle Hill Exploration Corporation V.EAG

Summary of my notes for decision to invest in EAG

[goindeeper]

Catalysts for short term and long term share price increase

Facts from news releases, reports, and website:

Assay results out early next week (week of Feb 10-14) from 30 holes including 7 holes infill drilling southwest extension of Main Zone. 

Geophysics results being processed from completed hole-to-hole induced polarization geophysics program to identify possible depth extensions of gold mineralized lenses of the Main Zone below the Red Dog non-mineralized intrusion.

Investor Session in Toronto on March 2, 2014, to provide an update on activities at Eagle Hill’s Windfall Lake Gold Project and Southern Arc’s portfolio of projects

43-101 mineral resource update by end of March at latest, but possibly at shareholder session March 2 or PDAC March 2 to 5

43-101 update will incorporate 56000 m of additional drilling since last 43-101 (538,000 ounces of gold at 10.1 g/t gold in the indicated category, and 822,000 ounces of gold at 8.8 g/t gold).  EAG reported that the fall 2013 drill program focussed on expanding the deposit by drilling new zones and testing extensions to zones that have demonstrated higher grade and thicker gold mineralization.

My interpretations and thoughts:

From drill map locations, it looks like most of 2012 drilling was infill drilling to increase total ounces as well as move ounces from the inferred to the indicated category.

Overall, I am basing my position on a guess that there will be an increase in the resource estimate ounces (>40%) to just under 2 million oz at 8 g/ton but, more importantly, we will see that future infill drilling of the new zones can significantly increase the ounces in the next drill program.

So, I am predicting that the share price will be higher because of the increased resource, increased potential from new zones, and increased visibility to investors after PDAC.  After all, the share price is already up 33% from the 52 week low, even without all of these catalysts.

[tomgranite]

Excellent post there Goingdeeper. I am 100% in agreement with what you say regarding the resource being expanded with future drilling. The fall 2013 drilling was scout and expansion drilling with a very small amount of infill. The Spring 2013 drilling extended the main zone from a length of 650m to 850m and it also found gold at depth. The size of the new deposit very much depends on how much

[Kewl2]

I agree the resource should double from the last 43-101 -- I think there will be an added surprise of the average grade being higher than the last N43-101. IMO - news is being held off until wk of Feb 17 and SP is being held between $.07 & .08 in anticipation of same. Drill results, new CEO and updated N43-101 and 2014 drill plan all in period leading up to PDAC.

[MaxT]

Posted date: February 6, 2014   What is the intended use for the proceeds from the latest financing?   In December 2013 Eagle Hill completed a $2 million flow-through financing. Flow-through dollars MUST be used for exploration purposes. We will commence the next phase of drilling in February, and will decide on the next steps for exploration once we have the results of the