Eagle Hill Exploration Corporation V.EAG

43-101 posted on sedar

[robert1232]

Conclusions and Recommendations In reviewing the results of the mineral resource modelling work, SRK draws the following conclusions: • Infill and step-out drilling, as well as relogging archived core and structural geology investigations, particularly in the Main Zone, have vastly improved the confidence in the geological and mineralization model and the confidence in the continuity of the gold mineralization; • There is good potential to expand the mineral resources along strike to the west because the new geological model suggests that the pyrite stockwork containing the bulk of the Main Zone continues in this direction, where recent drilling has intersected gold mineralization; and • There is also good potential to expand the mineral resources at depth below the Red Dog dike. Drilling completed in 2013 confirms that the pyrite stockwork extends below the Red Dog dike, where the gold mineralization exhibits grade and thickness characteristics similar to that found near surface. The mineral resources discussed herein occupy only a small footprint within the Windfall Lake property and the gold mineralized zones are open at depth, to the northeast, and southwest along the main deformation corridor identified by Eagle Hill. Exploration outside of the extents of the current modelled mineralization should be considered. The geological setting and character of the gold mineralization delineated to date on the Windfall Lake property are of sufficient merit to justify additional exploration and development expenditures. SRK recommends a work program that includes exploration drilling to improve further the confidence in the geological continuity and expand the mineral resources. Additional induced polarization surveying is recommended to guide exploration drilling. Expenditures to examine at a conceptual level the economic viability of a mining project should also be initiated. The proposed work program includes: • Core drilling within the Main Zone targeting areas below the Red Dog dike; • Core drilling to test the strike extension of the known gold mineralization, to the southwest; • A hole-to-hole induced polarization survey using proposed deep boreholes as survey platforms to maximize the investigation for additional gold mineralization at depth; and • Environmental baseline, permitting, metallurgical, geotechnical, conceptual mining, and other engineering studies required to evaluate the conceptual economic viability of a mining project. SRK considers that the implementation of the proposed work program will move the Windfall Lake property to a pre-development stage and will provide the key inputs required to evaluate at a conceptual level the potential for a viable mine operation. The total cost for the recommended exploration program is estimated at C$3.44 million.

[tomgranite]

The 43-101 is also on EAG website under Investors, then Technical reports. Looks to me like a fair chunk of what was reported in the previous 43-101 no longer stands. That is a disappointment.