Eagle Hill Exploration Corporation is pleased to announce that the Company has commenced a 25,000-metre drill program.
Three diamond drill rigs started drilling on September 12 with the objective of expanding the existing mineral resource, estimated by SRK Consulting (Canada) Inc. in July 2012 at 538,000 ounces @ 10.05 grams per tonne (“g/t”) gold in the indicated category and 822,000 ounces @ 8.76 g/t gold in the inferred category. Following completion of this program in December, Eagle Hill plans to release an updated resource estimate in early 2014.
The majority of the mineral resource is hosted in the Main Zone, comprising the 27, Caribou, Mink and Mallard Gold Lenses. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Eagle Hill plans to expand the resource by testing a large, sparsely drilled anomaly to the west of the Main Gold Zone, drilling lateral extension of known gold lenses, and testing the extension of mineralization at depth.
The first 4,300 metres of drilling will be focused to the west of the Main Zone, where geophysical characteristics and previous drilling identified mineralization similar to that hosted in the Main Zone. Drilling by NorontResources intersected 11.2 g/t gold over 5.5 metres, approximately 150 metres west of the Main Zone at a depth of 700 metres and on strike with Lense 27. Eagle Hill plans to drill eleven holes in this area to test the potential to extend the strike of the Main Gold Zone by another 500 metres to the west.
The next 17,000 metres of drilling will focus on expanding the strike length of the 27, Caribou, Mink and Mallard Gold Lenses. Lense 27 has more than 700 metres strike length of continuous gold mineralization, with highlight intersections including 23.8 g/t gold over 25.0 metres (hole EAG-12-318), 14.2 g/t gold over 52.0 metres (hole EAG-10-196) and 12.22 g/t gold over 21.0 metres (hole EAG-11-259). The Company plans to drill 14 holes in Lense 27 to test lateral extensions of the higher grade and thicker gold shoots, along with limited infill drilling. Eagle Hill plans to drill an additional 32 holes in the Caribou, Mink and Mallard Gold Lenses to test their lateral strike extensions.
Additional drilling will be completed at depth below the Red Dog intrusion in the Main Zone. Previous drilling in this area identified 15.34 g/t gold over 11.0 metres at a depth of 870 metres. Down-hole geophysics and four deep drillholes will allow the Company to plan a comprehensive deep drilling program.
Eagle Hill will have more than 50,000 metres of new drilling to incorporate into the updated resource estimate in early 2014, with 106 holes totalling 29,208 metres drilled since the 2012 resource estimate and the addition of 25,000 metres in the current program.
Source: http://www.eaglehillexploration.com/