Eagle Hill Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF) ("Eagle Hill"
or the "Company") has released the results of its first quarter ended January
31, 2014. Details of the Company's financial results are described in the
unaudited condensed consolidated interim financial statements and Management's
Discussion and Analysis ("MD&A"), which are available on the Company's website
at www.eaglehillexploration.com and on SEDAR at www.sedar.com. All amounts are
in Canadian dollars unless otherwise stated.


FINANCIAL SNAPSHOT

Selected financial information for the three months ended January 31, 2014 and
the years ended October 31, 2013 and 2012 is as follows:




----------------------------------------------------------------------------
                                      January 31,  October 31,  October 31, 
                                             2014         2013         2012 
                                                $            $            $ 
----------------------------------------------------------------------------
Revenue                                       nil          nil          nil 
General and administrative expenses      (968,058)  (3,552,024)  (3,221,554)
Net loss                                 (669,860)  (3,556,294)  (3,211,274)
Comprehensive loss for the period        (669,860)  (3,556,294)  (2,924,564)
Basic and diluted net loss per common                                       
 share                                      (0.00)       (0.02)       (0.02)
Total current assets                    3,406,810    4,720,581    3,527,250 
Total exploration and evaluation                                            
 assets                                30,223,713   27,314,497   15,161,617 
Total assets                           33,788,667   32,201,645   18,899,190 
Total liabilities                       4,944,418    4,654,235    3,424,934 
Total shareholders' equity             33,788,667   27,547,410   15,474,256 
----------------------------------------------------------------------------



At the date of this MD&A, the Company had working capital of approximately
$380,000. For the period ended January 31, 2014, the Company had a net and
comprehensive loss of $669,860 or $0.002 per share (2013: $555,719 or $0.003 per
share).


WINDFALL PROPERTY REVIEW AND OUTLOOK

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 March 13, 2014, the Company
announced that it has entered into a claims purchase agreement with Murgor
Resouces Inc. ("Murgor") and Cliffs Chromite Ontario Inc. ("Cliff"), to purchase
the remaining interest in The 29 Claims and The 184 Claims immediately adjacent
to the Windfall Lake Property. Upon closing of the agreement, which remains
subject to regulatory approval and other customary closing conditions, Eagle
Hill will own 100% of the entire Windfall Lake Property. In consideration for
purchasing Murgor and Cliff's ownership interests in The 29 Claims and The 184
Claims, the Company will pay $250,000 and issue 9.5 million common shares to
each of Murgor and Cliffs. In addition, the Company will grant a 0.5% NSR for
The 29 Claims and a 1% NSR for The 184 Claims to each of Murgor and Cliffs. The
Company will retain the right to buy back any of the NSRs at any time prior to
first commercial production by paying $500,000 to the holder of the NSR.


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. 


From February 18 to March 22, 2014, Eagle Hill drilled 3,333.3 metres to test
for extensions of Zone 27 under shallow lakes (2 to 6 metres depth) that were
frozen. Eagle Hill drilled 21 holes to a depth of 120 to 321 metres to test the
lateral extensions of Zone 27, where previous drilling had confirmed
near-surface high-grade intervals such as 14.8 g/t over 16.0 metres
(EAG-12-418). All drill core has been delivered to the assay lab, with results
pending.


On March 3, 2014 the Company released an updated mineral resource statement for
the Windfall Lake Property. The mineral resource statement was prepared by SRK
Consulting (Canada) Inc. ("SRK") and updated the previous resource statement
prepared by SRK in July 2012. The revision was based on the results from a total
database of 706 core boreholes (192,045 metres) of which 635 boreholes (179,641
metres) were used for mineral resource estimation purposes. Compared to the July
2012 mineral resource statement, the indicated mineral resource tonnage and
contained gold have increased by 43% and 38%, respectively, resulting in
contained gold of 744,000 ounces grading 9.75 g/t gold. Indicated mineral
resources are defined only within the Main Zone, which is informed by higher
density of drilling data and better confidence in the geological continuity of
the gold mineralization. The inferred mineral resource is estimated at 3,084,000
tonnes grading 7.37 g/t gold for contained gold of 731,000 ounces. 


Table 1: Mineral Resource Statement, Windfall Lake Gold Project, Quebec SRK
Consulting (Canada) Inc., February 28, 2014




----------------------------------------------------------------------------
         Resource Classification           Tonnes       Grade     Contained 
                                                        (g/t)       Gold    
                                                                  (ounces)  
----------------------------------------------------------------------------
Indicated                                  2,375,000        9.75     744,000
Inferred                                   3,084,000        7.37     731,000
----------------------------------------------------------------------------

1.  Prepared by SRK Consulting (Canada), Inc. with an effective date of
    February 28, 2014. 
2.  Mineral resources are not mineral reserves and do not have demonstrated
    economic viability. There is 
    no certainty that all or any part of the mineral resources will be
    converted into mineral reserves. 
3.  All figures have been rounded to reflect the relative accuracy of the
    estimates. 
4.  Reported at a cut-off grade of 3.0 g/t gold, assuming an underground
    extraction scenario, a gold price of US$1,200 per ounce and
    metallurgical recovery of 91.7%. 
5.  The National Instrument 43-101 technical report for this resource
    statement will be filed by Eagle Hill 
    on SEDAR at www.SEDAR.com by April 17, 2014. 



COMPARATIVE QUARTERLY RESULTS

The following table sets out selected financial information for the most recent
eight fiscal quarters ending January 31, 2014. 




----------------------------------------------------------------------------
                         Fiscal 2014               Fiscal 2013              
----------------------------------------------------------------------------
                         January 31,  October 31,     July 31,    April 30, 
                                2014         2013         2013         2013 
                                   $            $            $            $ 
----------------------------------------------------------------------------
Total assets              33,788,667   32,201,645   21,196,288   20,483,057 
Long-term liabilities     (3,459,984)  (2,997,010)  (3,039,821)  (2,974,557)
Net loss                    (669,860)  (2,006,551)    (545,230)    (521,587)
Net loss per share,                                                         
 basic and diluted            (0.002)      (0.009)      (0.003)      (0.003)
----------------------------------------------------------------------------
                         Fiscal 2013               Fiscal 2012              
----------------------------------------------------------------------------
                         January 31,  October 31,     July 31,    April 30, 
                                2013         2012         2012         2012 
                                   $            $            $            $ 
----------------------------------------------------------------------------
Total assets              19,223,152   18,899,190   16,895,227   16,462,785 
Long-term liabilities     (1,993,982)  (2,530,716)  (1,896,795)  (1,434,250)
Net loss                    (482,926)  (1,052,844)    (834,984)    (711,018)
Net loss per share,                                                         
 basic and diluted            (0.003)      (0.006)      (0.005)      (0.005)
----------------------------------------------------------------------------



Note: The Company had no revenue and paid no dividends during the above periods

On Behalf of the Board of Directors

John Proust, Chief Executive Officer

About Eagle Hill Exploration Corporation

Eagle Hill Exploration Corporation is a Canadian mineral exploration company
focused on the exploration and development of the high-grade Windfall Lake Gold
Deposit, located between Val-d'Or and Chibougamau in Quebec. In August 2013,
Southern Arc and Dundee invested an aggregate of $12 million to purchase a
controlling interest in Eagle Hill and fund an aggressive exploration program.
More information is available at www.eaglehillexploration.com. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-looking Statements

This document contains certain forward-looking information and forward-looking
statements within the meaning of applicable securities legislation (collectively
"forward-looking statements"). The use of any of the words "will", "is subject",
and similar expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those
anticipated in such forward-looking statements. Such forward-looking statements
should not be unduly relied upon. This document contains forward-looking
statements and assumptions pertaining to the ability of the Company to close the
Offering; the granting of regulatory approval; the timing of receipt of
regulatory approvals; and the use of proceeds raised from the offering. Actual
results achieved may vary from the information provided herein as a result of
numerous known and unknown risks and uncertainties and other factors, including
uncertainty related to market conditions that prevent the Company from closing
the Offering on acceptable terms or at all; and global financial market events
that cause significant volatility. Readers are cautioned that the foregoing list
of factors is not exhaustive. The forward-looking statements contained in the
document are expressly qualified by this cautionary statement. These statements
speak only as of the date of this document and the Company does not undertake to
update any forward-looking statements that are contained in this document,
except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eagle Hill Contact
Rhylin Bailie
Vice President, Communications & Investor Relations
604-697-5791
info@eaglehillexploration.com
www.eaglehillexploration.com

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