The Conversation (0)
Eagle Hill Exploration (TSXV:EAG) has engaged Stantec Consulting to provide a Preliminary Feasibility Study on the Windfall Lake Property. The results of the PFS will be available on or before April 20, 2013.
As quoted in the press release:
The PFS is scheduled to be completed by early April, 2013. By producing an independent PFS, together with a mineral reserve estimate, Eagle Hill will be in a position to satisfy its obligations under the Windfall Lake Option Agreement (the “Option Agreement”) entered into on July 20, 2009 with Noront Resources Ltd. (the “Optionor”).
Eagle Hill Exploration Corporation President and CEO, Brad Kitchen said:
Our goal is to continue to control our majority ownership in the Windfall Lake Property. It is critical to note that the PFS and mineral reserve estimate are being done at this time to satisfy our obligation under the Option Agreement and to give us a clear path toward commercial production as a way to generate non-dilutive cash flow. The Company will continue to both expand the high grade gold deposit at the Windfall Lake Property and define additional mineral resources that can be used to increase the initial reserve calculation.
Click here to read the Eagle Hill Exploration Corporation (TSXV:EAG) press release
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