Eagle Hill Exploration Completes Purchase of Windfall Lake Net Smelter Return Royalties
2014年5月6日 - 8:30PM
Marketwired
Eagle Hill Exploration Completes Purchase of Windfall Lake Net
Smelter Return Royalties
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 6, 2014) - Eagle
Hill Exploration Corporation (TSX-VENTURE:EAG)(OTCQX:EHECF) ("Eagle
Hill" or the "Company") is pleased to announce that the Company has
completed its purchase of three 2% net smelter return royalties
(each an "NSR") 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. As previously announced on April 24,
2014, Eagle Hill has paid a total of $60,000 and issued a total of
3,333,334 shares to purchase the NSRs, which cover 3,469.9 hectares
of the 12,400 hectare Windfall Lake Property. The shares issued to
the vendors of the royalties are subject to a four-month hold
period.
The remaining NSRs on the Windfall Lake Property are shown in
Figure 1: http://media3.marketwire.com/docs/943789m.pdf
On Behalf of the Board of Directors
John Proust, Chairman and Interim CEO
About the Windfall Lake Gold Project
The Windfall Lake gold deposit comprises a number of lenses of
pyritic stockwork and shear zones situated in the Archean
Urban-Barry Greenstone Belt, approximately 200 km northeast of Val
d'Or, Quebec. SRK Consulting (Canada) Inc. prepared a mineral
resource statement for Eagle Hill in compliance with National
Instrument 43-101 in February 2014 comprising 2,375,000 tonnes at
9.75 g/t gold (744,000 ounces) in the indicated category and
3,084,000 tonnes at 7.37 g/t gold (731,000 ounces) in the inferred
category. The bulk of the mineralization occurs in the Main Zone, a
southwest/northeast trending zone of stacked mineralized lenses,
measuring approximately 600 metres wide and at least 1,400 metres
long.
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 Minerals
and Dundee Corporation invested an aggregate of $12 million to
purchase a controlling interest in Eagle Hill and fund an
aggressive exploration program, and remain the Company's largest
shareholders. 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.
Qualified Person
The technical information in this document has been reviewed
by Eagle Hill's Vice President Exploration, Jean-Philippe
Desrochers, PhD, PGeo, who has sufficient experience relevant to
the style of mineralization under consideration and qualifies as a
Qualified Person as defined by National Instrument 43-101.
Eagle Hill Exploration CorporationRhylin BailieVice President,
Communications & Investor
Relations604-697-5791info@eaglehillexploration.comwww.eaglehillexploration.com
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