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     352  0 Kommentare Eagle Hill Exploration Purchases Windfall Lake Net Smelter Return Royalties

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 24, 2014) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF) ("Eagle Hill" or the "Company") is pleased to announce that the Company has entered into agreements to purchase three net smelter return royalties (each an "NSR") encumbering the Windfall Lake Property. Specifically, Eagle Hill has agreed to acquire two 2% NSRs from Benoit Boudreault ("Boudreault") and a 2% NSR from Jacques Duval ("Duval") (collectively, the "NSR Acquisition"), related to mining claims covering 1,825.5 hectares and 1,644.4 hectares, respectively, on the 12,400 hectare Windfall Lake Property. Eagle Hill will pay $30,000 and issue 1,666,667 common shares to each of Boudreault and Duval, at closing, as consideration for the NSR Acquisition. The NSR Acquisition is subject to approval by the TSX Venture Exchange.

    To view the figures associated with this press release, please visit the following link: http://media3.marketwire.com/docs/EAGfigs.pdf.

    "Eagle Hill continues to increase its interest in the Windfall Lake Property, underscoring the Company's confidence in this high-grade gold project," said John Proust, Chairman and Interim Chief Executive Officer of Eagle Hill. "The Company recently completed a small drill program and a $1 million flow-through financing, and plans to further advance the Windfall Lake Property in 2014 with additional drilling and technical studies."

    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.

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    Eagle Hill Exploration Purchases Windfall Lake Net Smelter Return Royalties VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 24, 2014) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG)(OTCQX:EHECF) ("Eagle Hill" or the "Company") is pleased to announce that the Company has entered into agreements to purchase three net …