Eagle Hill Exploration Corporation (TSX VENTURE: EAG) ("Eagle Hill"
or the "Company") is pleased to announce that it has received assay
results from an additional two drill holes from the Company's
ongoing 10,000 meter drill program. In addition to expanding
existing gold zones, the assay results from this program have
allowed the Company to identify a new high grade gold zone, named
the Mallard Zone, on the Windfall Lake Property (the "Windfall Lake
Property" or the "Property").
Hole EAG-11-252 found additional high grade gold near the
surface with 26.89 g/t over 4.00 meters and 1.00 meter of 43.90 g/t
in a fault zone that may be an extension of the Caribou Zone. In
addition, this hole extended the Mink Zone closer to surface. The
Mink Zone has a dip extension of 200 meters on this section. This
intercept is located approximately 100 meters to the southwest of
the intercept in hole EAG-10-245 (3.27 g/t over 8.15 meters).
Additionally, the Company has received results from hole
EAG-10-247 and it returned an interval of 2.70 g/t Au over 5 meters
from the Caribou Zone at a vertical depth of 200 meters below the
surface and below the fault. The intersection confirms the
continuity of the Caribou Zone to the southwest where it remains
open at depth.
Eagle Hill is in the middle of a 10,000 meter drill program and
has over 3,900 meters of drilling completed so far. Assay results
for additional holes are pending and will be released when
available.
A map of the Windfall Lake Property outlining the location of
the gold zones, drill holes and areas of potential expansion has
been posted on Eagle Hill's website at
www.eaglehillexploration.com.
The following table shows the most material assay results from
the two drill holes. A complete table of results, will be shown in
the near future on Eagle Hill's website.
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From To Length Au
Hole Number (m) (m) (m) (g/t) Comments
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EAG-10-247 224.00 229.00 5.0 2.70 Caribou Zone
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EAG-11-252 16.00 20.00 4.00 26.89 Fault zone at start of hole
incl. 18.00 19.00 1.00 73.20 Considered a portion of the
incl. 19.00 20.00 1.00 20.80 Caribou Zone
25.00 26.00 1.00 43.90 Fault zone as above
153.00 158.00 5.00 2.14 Mink Zone
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The true widths are approximately 70% of reported width.
In other business, Eagle Hill is pleased to announce that it has
received 8,191,720 shares of Yankee Hat Minerals Ltd. to settle an
outstanding debt and has issued 450,000 options to two consultants
at an exercise price of $0.30 per share, expiring on February 23,
2013.
Eagle Hill would also like to announce that it is a sponsor of
the 2011 Prospectors and Developers Association of Canada
convention and would invite all shareholders and interested parties
to visit our display and meet the Eagle Hill team members at the
Delegates Lounge on the 700 Level of the Metro Toronto Convention
Centre.
Gold analyses reported in this release were performed by
standard fire assay using a 30 gram charge with atomic absorption
finish and a gravimetric finish for assays greater than 10 grams
per ton. Assays returning results over 1 ounce per ton of gold by
atomic absorption are re-assayed using the metallic sieve method.
All assays were performed by ALS Chemex Laboratory Group, in Val
d'Or, Quebec. Sampling and analytical procedures are subject to a
comprehensive quality assurance and quality control program. The
QA-QC program, includes duplicate samples, blanks and analytical
standards.
Jean-Philippe Desrochers, Ph.D., P.Geo. is a Qualified Person
registered in Quebec as defined by NI-43-101 and has reviewed the
technical information that this press release contains.
About the Windfall Lake Property
The Windfall Lake Property is comprised of 362 contiguous claims
(over 12,000 hectares) in the Abitibi mineralized belt of northern
Quebec. This area between Val d'Or and Chibougamau is known for its
gold and copper production and excellent infrastructure for
exploration and mining. Historically, the Windfall Lake Property
has had extensive historic grassroots exploration work. Along with
its independently acquired claims at the Windfall Lake Property.
Eagle Hill has signed options with Murgor Resources Inc., Cliffs
Natural Resources Inc. (formerly, Freewest Resources Canada Inc.),
and Noront Resources Inc. to acquire the Windfall Lake
Property.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral
exploration company focused on the exploration and development of
gold and precious metal prospects. The Company is set to become an
advanced stage gold and precious metal exploration company with its
acquisition of the Windfall Lake high grade gold project, located
in Urban Township, Quebec, between Val-D'Or and Chibougamau. Eagle
Hill seeks projects that contain or have potential to have large
resource potential. The Company'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-looking statements" within the
meaning of applicable Canadian securities legislation, including
predictions, projections and forecasts. Forward-looking statements
include, but are not limited to, statements that address
activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things
as future business strategy, competitive strengths, goals,
expansion, growth of the Company's businesses, operations, plans
and with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government
regulation of exploration and mining operations, environmental
risks, title disputes or claims, limitations on insurance coverage,
timing and possible outcome of any pending litigation and timing
and results of future resource estimates or future economic
studies.
Often, but not always, forward-looking statements can be
identified 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 certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material
factors and assumptions, including, the result of drilling and
exploration activities, that contracted parties provide goods
and/or services on the agreed timeframes, that equipment necessary
for exploration is available as scheduled and does not incur
unforeseen break downs, that no labour shortages or delays are
incurred, that plant and equipment function as specified, that no
unusual geological or technical problems occur, and that laboratory
and other related services are available and perform as contracted.
Forward-looking statements involve 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 future results, prediction, projection,
forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
interpretation and actual results of current exploration
activities; changes in project parameters as plans continue to be
refined; future prices of gold; possible variations in grade or
recovery rates; failure of equipment or processes to operate as
anticipated; the failure of contracted parties to perform; labour
disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion
of exploration, as well as those factors disclosed in the company's
publicly filed documents. Although both companies have attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Eagle Hill Exploration Corporation (Vancouver) Brad
Kitchen 604.697.5791 604.697.0790 (FAX)
info@eaglehillexploration.com www.eaglehillexploration.com Investor
Cubed Inc. (Toronto) Neil Simon 647.258.3311 or Toll Free:
1.888.258.3323 nsimon@investor3.ca www.investor3.ca MI3
Communications Financières Inc. (Montreal) Nathalie Dion
514.904.1333 nathalie@mi3.ca www.mi3.ca