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, Canada. This area is known for its gold and copper production and excellent infrastructure for exploration and mining.
Eagle Hill published its third resource estimate for the Windfall Lake Gold Project in February 2014, with an estimate of 744,000 ounces at 9.75 g/t gold in the indicated category, and 731,000 ounces at 7.37 g/t gold in the inferred category. These grades make Windfall Lake one of the highest grade resource-stage gold projects in the world.
High-grade mineralization has been identified in multiple zones, yet only a small portion of the 12,400 hectare property has been tested to date. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization along strike and at depth. Many gold deposits in this region continue well below 1,000 metres depth.
Eagle Hill has drilled more than 33,450 metres since September 2013. The drill program achieved its primary objectives, confirming continuity of mineralization below the non-mineralized Red Dog intrusion, confirming the extension of mineralization southwest of the Main Zone, and expanding the main gold lenses. Recent drilling at depth confirmed the continuity of mineralization below the Main Zone and underscored the potential to increase the size of the resource with additional drilling.
In September 2014 Eagle Hill commenced a Preliminary Economic Assessment study for the Windfall Lake project, with completion targeted for Q1-2015. The Preliminary Economic Assessment will be an important milestone for the project, providing preliminary engineering and economic parameters and a potential timeline to production.
March 31 2015
Eagle Hill First Quarter Financial Results