Targeting multi-million high-grade oz. in Quebec
Windfall Lake Property, located near Val d'Or, Quebec: Indicated 538,000 oz. (10.05 gpt) / Inferred 822,000 oz. (8.76 gpt) (July 2012)
Message: David Christie as President and CEO, and John Proust as Executive Chair
Eagle Hill Exploration Appoints David Christie as President and CEO, and John Proust as Executive Chairman
VANCOUVER, BC / ACCESSWIRE / April 14, 2015 / Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce that David Christie has been appointed to the position of President and Chief Executive Officer, effective immediately. John Proust, currently Chairman and Interim CEO, will continue as Executive Chairman and a Director of the Company. Dr. Michael Andrews, currently Interim President, will continue as a non-executive Director of the Company.
David Christie is a professional geologist and investment manager with nearly 29 years of experience in the resource industry. David worked as an exploration geologist with a number of resource companies for more than 14 years, predominantly in the Abitibi sub-province of Quebec and Ontario. He moved to a mining equity research role in 2000, where he was highly ranked in industry surveys as a senior gold and precious mineral equity analyst at two bank-owned brokerages. David joined Bellotti Goodman Inc. as President in 2011, and was appointed Vice President of Goodman and Company, Investment Counsel Inc. and Dundee Resources Limited in 2012, taking on both merchant banking and investment management roles. David will continue in these roles part-time, while also assuming the duties of President and CEO for Eagle Hill. David is registered as a professional geologist with APGO and NAPEG and is a Fellow of the Geological Association of Canada. He has been a director of Eagle Hill since August 2013, and is also a director of Formation Metals Inc. and two private companies: Condor Precious Metals Inc. and True North Nickel Inc.
"I welcome David Christie to his new role as President and CEO of Eagle Hill Exploration," said John Proust, Executive Chairman of Eagle Hill. "Eagle Hill will soon achieve a major milestone, with completion of a Preliminary Economic Assessment study for the Windfall Lake Gold Project. David's geological expertise and his connections in the banking industry will be invaluable as we continue to advance this promising property. I have great confidence in David's ability to lead Eagle Hill through the next phase of the Company's development."
"I would also like to thank Mike Andrews for filling the role of Interim President since August 2013," continued Mr. Proust, "and am pleased that he will continue to provide valuable input as a director of Eagle Hill."
"I have been following the progress at Windfall Lake for many years and believe it is one of Canada's most promising development-stage projects," said David Christie, President and CEO of Eagle Hill. "I am excited to take on this new role, and look forward to working more closely with the Eagle Hill team to realize the true potential of both the Company and the Windfall Lake Gold Project."
On Behalf of the Board of Directors
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, Canada. The Company is completing a Preliminary Economic Assessment for the project, with results expected in April 2015. The current mineral resource comprises 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 (Technical Report for the Windfall Lake Gold Project, Quebec prepared by SRK Consulting (Canada) Inc., dated April 17, 2014). 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. The deposit remains open at depth and along strike. More information is available at www.eaglehillexploration.com.
Eagle Hill Contact
Vice President, Communications & Investor Relations
Email: [email protected]
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.
The technical information 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. The drill program and sampling protocol is managed by Eagle Hill under the supervision of Jean-Philippe Desrochers. The diamond drill holes are drilled at NQ sizes and core recovery to date has averaged better than 95.0%. Half core is cut by rock saw and is generally sampled using nominal 1-metre intervals; however, sample intervals vary according to geological contacts and have ranged between 0.3 to 1.5 metres in length. Two quality control samples (one blank and one certified reference material) are inserted into each batch of 20 samples. All assays were performed by ALS Chemex Laboratory Group, in Val d'Or, Quebec. The half core samples are securely transported from the project site to the ALS Chemex laboratory by Eagle Hill personnel. Gold analyses reported in this release were performed by standard fire assay using a 30-gram charge with atomic absorption finish and a gravimetric finish for assays greater than 10 grams per tonne and by metallic sieve method for samples containing significant amounts of pyrite or visible gold. In addition, an Aqua regia digestion with ICP-AES finish is used to analyse a full suite of elements including silver and base metals.
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", "could", "completing", "expected", "advance" 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 following: timing and results related to the Preliminary Economic Assessment; uncertainty involving resource estimates and the ability to extract those resources economically, or at all; uncertainty involving drilling programs and the Company's ability to expand and upgrade existing resource estimates; the regulatory process and actions; the need to work with local communities and authorities to advance the properties; the need to work with Dundee Corporation and Southern Arc Minerals to advance the property; technical issues; new legislation; competitive factors and conditions; uncertainties resulting from potential delays or changes in plans; the occurrence of unexpected events; and the Company's ability to execute and implement future plans. 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 drill results and the inclusion of drill results in future resource estimates for the property. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.
SOURCE: Eagle Hill Exploration Corporation
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