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Monday, March 21, 2011

NOT has 25% of this project still

Eagle Hill Engages SRK Consulting to Prepare Initial Mineral Resource Estimate for the Windfall Lake Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2011) - Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce that it has engaged SRK Consulting (Canada) Inc. ("SRK") to prepare an initial mineral resource estimate for the Windfall Lake Property and a new technical report to support its disclosure. The Company is targeting to release the mineral resource statement later this year.
The specific deliverables within the technical services contract include the following:
  • Geological modeling and conceptual geostatistical studies (this stage has been completed) to assist delineation drilling targeting with the view of expanding and infilling know gold zones on Windfall Lake Property;
     
  • Evaluation of extraction scenarios for this type of gold deposit to assess conceptual economic viability and select appropriate reporting cut-off grades (target for summer of 2011); and
     
  • Prepare an initial mineral resource statement after the completion of the current drilling program, and a technical report following Canadian Securities Administrators' National Instrument 43-101 and Form 43-101 guidelines.
The SRK Group comprises over 1,000 professionals, offering expertise in a wide range of resource engineering disciplines. The SRK Group's independence is ensured by the fact that it holds no equity in any project and that its ownership rests solely with its staff. This permits SRK to provide its clients with conflict-free and objective recommendations on crucial judgment issues. SRK has a demonstrated track record in undertaking independent assessments of Mineral Resources and Mineral Reserves, project evaluations and audits, technical reports and independent feasibility evaluations to bankable standards on behalf of exploration and mining companies and financial institutions worldwide.
Jean-Philippe Desrochers, Ph.D., P.Geo. is a Qualified Person registered in Quebec as defined by NI-43-101 and has reviewed the technical information that this press release contains.
About the Windfall Lake Property
The Windfall Lake Property is comprised of 362 contiguous claims (over 12,000 hectares) 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. Historically, the Windfall Lake Property has had extensive historic grassroots exploration work. Along with its independently acquired claims at the Windfall Lake Property. Eagle Hill has signed options with Murgor Resources Inc., Cliffs Natural Resources Inc. (formerly, Freewest Resources Canada Inc.), and Noront Resources Inc. to acquire the Windfall Lake Property.

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