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eagle hill exploration corp (EAG) Snapshot

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09/11/13 - C$0.15
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Market Cap
19.1M
Average Volume 10 Days
148.6K
EPS TTM
C$-0.01
Shares Outstanding
476.9M
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eagle hill exploration corp (EAG) Details

Eagle Hill Exploration Corporation, a mineral exploration company, focused on the exploration and development of mineral properties in Canada. It focuses on the Windfall Lake gold deposit comprising 285 mineral claims covering an area of 12,400 hectares and is located in the Abitibi Gold Belt in Quebec. The company was founded in 2006 and is headquartered in Vancouver, Canada.

eagle hill exploration corp (EAG) Top Compensated Officers

Chairman, Interim Chief Executive Officer, Me...
Total Annual Compensation: C$12.5K
Vice President of Exploration
Total Annual Compensation: C$264.0K
Compensation as of Fiscal Year 2013.

eagle hill exploration corp (EAG) Key Developments

Eagle Hill Exploration Commences 2,800-Metre Deep Drill Program at the Windfall Lake Gold Project

Eagle Hill Exploration Corporation announced that the Company has commenced a 2,800-metre drill program targeting the extension of gold mineralization at depth below the Main Zone of the Windfall Lake Gold Project. Windfall Lake is a high-grade gold deposit located between Val-d'Or and Chibougamau in Quebec, Canada. Eagle Hill plans to deepen six existing drill holes into a target zone at approximately 800 metres vertical depth that is currently untested. Geological studies indicate that the gold mineralization hosted by Zone 27 and the Caribou Zone may have been displaced as much as 600 metres to the northeast below the Red Dog intrusion, which also coincides with a hole-to-hole IP anomaly identified below Red Dog. Recent re-interpretation suggests that the mineralization intersected in 2013 below Red Dog corresponds to the depth extension of the Caribou Lens. As a result, Zone 27, which hosts the majority of the gold mineralization identified to date at the deposit, is interpreted to lie further to the north and will be tested with this drill program. Eagle Hill also plans to complete an additional hole-to-hole IP survey after completion of the current drill program to further define drill targets at depth. Should the initial 2,800-metre drill program yield positive results, Eagle Hill has already planned another phase of drilling to establish the extent of the gold mineralization at depth. The Fall 2013 drilling program confirmed continuity of gold mineralization below the Red Dog intrusion and delineated an inferred mineral resource of 455,000 tonnes at a grade of 8.21 g/t gold for 120,000 contained ounces of gold. The current drill program is targeting additional gold mineralization that could increase the size of the Windfall Lake gold deposit.

Eagle Hill Exploration Corporation Reports Earnings Results for the Second Quarter Ended April 30, 2014; Announces Production Results At Windfall Lake Property

Eagle Hill Exploration Corporation reported earnings results for the second quarter ended April 30, 2014. For the quarter, the company reported net loss of CAD 446,705 or CAD 0.001 per basic and diluted share compared to CAD 521,587 or CAD 0.003 per share in last year. The company announced the Windfall Lake Property covers approximately 12,400 hectares in the prolific Abitibi Greenstone Belt in Quebec. The property consists of 285 contiguous claims. Eagle Hill obtained ownership of the property by optioning different claim blocks from Noront, Murgor and Cliffs. On May 6, 2014, the Company announced that it had completed its purchase of three 2% NSRs related to Eagle Hill's Windfall Lake Gold Project, which is located in the Abitibi Gold Belt approximately 200 km northeast of Val d'Or, Quebec. The Fall 2013 drill program achieved its primary objectives, confirming continuity of mineralization below Red Dog, confirming the extension of mineralization southwest of the Main Zone, and expanding both Zone 27 and the Mink Lens. In addition, a downhole IP survey showed additional potential below Red Dog. The Winter 2014 drill program was focused on testing for gold mineralization below shallow lakes in the Main Zone. A total of 3,333 metres was drilled in 16 drill holes. Several drill intercepts demonstrated the presence of pyritic stockwork similar to other lenses of the Main Zone. The results confirmed continuity of the Zone 27 gold mineralization and demonstrated lateral extension of the Zone. Highlights of the drilling program include 18.5 g/t gold over 3.38 metres, 7.04 g/t gold over 6.2 metres, and 20.45 g/t gold over 2.6 metres in the eastern extension of Zone 27. In addition, the drilling program expanded the upper portion of Zone 27 by over 100 metres to the southwest with the discovery of 8.36 g/t gold over 1.2 metres and 10.6 g/t gold over 0.9 metres. During the summer of 2014, the Company has planned a 2,800-metre drill program targeting the extension of Zone 27 to the northeast below the Red Dog intrusion. Eagle Hill plans to deepen six existing drill holes in a target zone that is currently untested. Using existing holes to reach the target zone will reduce drilling costs and also allow the target zone to be reached more quickly. The Board of Directors has also approved an additional hole-to-hole IP survey to further define drill targets at depth. Geological studies indicate that the gold mineralization hosted by Zone 27 and the Caribou Zone may have been displaced as much as 600 metres below the Red Dog dike, which coincides with the IP anomaly identified below Red Dog. The Fall 2013 drilling program confirmed continuity of gold mineralization below the Red Dog intrusion and delineated an inferred mineral resource of 455,000 tonnes at a grade of 8.21 g/t gold for 120,000 contained ounces of gold, highlighting the potential to increase the mineral resource below the Red Dog intrusion.

Eagle Hill Exploration Corporation Announces Positive Drill Results and Initiation of A Preliminary Economic Assessment Study At the Windfall Lake Gold Project

Eagle Hill Exploration Corporation announced that the company is initiating a Preliminary Economic Assessment Study for the Windfall Lake Gold Project. The company is also announced the results of its 2014 Winter Drill Program, and its drilling plans for the remainder of 2014. Eagle Hill's board of directors is very encouraged with the drill results obtained to date at Windfall Lake, including a 38% increase to the indicated mineral resource as outlined in the March 2014 updated resource estimate prepared by SRK Consulting (Canada) Inc. Eagle Hill's board of directors has determined that completing the environmental, engineering and economic studies associated with a PEA will provide further clarity on the potential of advancing this promising, high-grade deposit to production. Results of 2014 Winter Drill Program: the Winter 2014 diamond drill program had the objective of testing for gold mineralization below shallow lakes. The company drilled extensions of Zone 27 at shallow depths, and also tested the western extension of the IP anomaly associated with the Main Zone, some 800 metres to the southwest of the current mineral resource. A total of 3,333 metres in 16 drill holes was completed. Several drill intercepts demonstrated the presence of pyritic stockwork similar to other lenses of the Main Zone. The results indicate that the upper portion of Zone 27 continues for up to 100 metres to the ENE and WSW from the modelled lenses. Eagle Hill's board of directors has approved a 2,800-metre drill program targeting the extension of Zone 27 to the northeast below Red Dog. Eagle Hill plans to deepen six existing drill holes in a target zone that is currently untested. The board has also approved an additional hole-to-hole IP survey to further define drill targets at depth. Geological studies indicate that the gold mineralization hosted by Zone 27 and the Caribou Zone may have been displaced as much as 600 metres below the Red Dog dike, which coincides with the IP anomaly identified below Red Dog. The Fall 2013 drilling program confirmed continuity of gold mineralization below the Red Dog intrusion and delineated an inferred mineral resource of 455,000 tonnes at a grade of 8.21 g/t gold for 120,000 contained ounces of gold. This highlights the potential to significantly increase the mineral resource below the Red Dog intrusion.

 

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