Eagle Hill Exploration Finds Additional High-grade Gold Mineralization Along Strike and at Depth, and Extends Zone 27 with Drill Intersections Including 11.2 g/t Over 37.3 Metres and ... - Seite 4

Eagle Hill believes that the gold mineralization extends further at depth, as highlighted by the results of a recently completed hole-to-hole IP survey, and plans to follow up with additional drilling in 2014.

Hole-to-hole IP Survey at Depth Below Red Dog

Eagle Hill's contractors completed an innovative hole-to-hole IP survey in 24 pairs of holes (Figure 3) with the objective of refining drill targets below Red Dog with similar signatures to the known resource mineralization above Red Dog. Three-dimensional inversion of these data has identified three major anomalies below Red Dog that are located on strike and down-dip from known gold-bearing lenses above Red Dog.

Based on these results, Eagle Hill will plan diamond drilling to test those newly identified targets with the objective of expanding the mineral resource below the Red Dog intrusive.

Surface IP Survey in Southern Part of Windfall Lake Property

Eagle Hill also completed a 70 line-km surface IP survey in the southern part of the property. This sector was selected because it contains NE-trending magnetic lineaments and magnetic low anomalies similar to that hosting the Main Zone. Results of the survey are being processed and will be available shortly.

Mineral Resource Update

Eagle Hill will release an updated mineral resource estimate in Q1-2014. The Company has more than 57,000 metres of new drilling to incorporate into the updated resource estimate, with 28,107 metres from the current drill program, and 106 holes totalling 29,208 metres that were drilled after the 2012 resource estimate and prior to the current program. All drill results have been released and are available on SEDAR at www.sedar.com and on the Company's website.

"The Fall 2013 drill program successfully achieved our objective of proving that mineralized zones continue beyond the current limits of the known Windfall Lake resource to the southwest and below the Red Dog sill. That we encountered some very high-grade intervals underscores the potential of this high-grade gold deposit," said Dr. Mike Andrews, Director and Interim President of Eagle Hill. "We are particularly encouraged by the confirmation of high-grade intervals below the Red Dog intrusion, leaving the deposit open for expansion at depth."