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Overview

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The Windfall Lake Property measures 12,400 hectares comprising 285 mineral claims in the Abitibi mineralized belt of northern Quebec. This area between Val d'Or and Chibougamau is known for its gold and copper production and excellent infrastructure for exploration and mining. The property is accessible year-round by paved highway and gravel rounds. More than $25 million was spent on the property by previous operators (Noront, Freewest, Murgor), including construction of a 1,450-metre underground ramp with a vertical depth of 100 metres.

In 2008, Eagle Hill signed option agreements with Noront, Murgor and Freewest (now Cliffs) to consolidate various mining cells into a large land position. Eagle Hill has executed an extensive exploration program since optioning the property, identifying new gold zones, confirming the extension of mineralization at depth and significantly expanding the known mineral resource.

Mineral Resource Estimate for Windfall Lake (SRK Consulting, February 2014)

  Quantity
(tonnes)
Gold Grade
(g/t)
Contained Gold
(ounces)
Indicated 2,375,000 9.75 744,000
Inferred 3,084,000 7.37 731,000

1 Of the inferred resource, 47,000 ounces are located on the adjoining Murgor-Cliffs claims.

Exploration during 2014 will focus on expanding and upgrading the existing mineral resource by testing new zones of mineralization and infill drilling known zones. The deposit is well defined from surface to a depth of approximately 500 metres, but remains open laterally along strike and at depth.

Windfall Lake Property