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Eagle Hill Exploration Corporation (TSXV:EAG,OTCQX:EHECF,FWB:EH0) announced an updated mineral resource statement, stating a significant increase in the total amount of gold ounces and an important increase in grade due to additional drilling and improved domain modelling: 126% Increase in Inferred and 61% in Indicated Gold Ounces at Higher Grade at Windfall Lake Deposit.
As quoted in the press release:
The results of the updated gold resource indicate:
- A 61% increase in the total amount of gold ounces in the indicated category with a 10% increase in grade to 10.05 grams per ton of gold;
- A 126% increase in the total amount of gold ounces in the inferred category with a 31% increase in grade to 8.76 grams per ton of gold;
- 40% of the Gold Resource is in the Indicated category;
- Mineral Resource reported at a cut-off grade of 3.0 gram of gold per tonne (“g/t of Gold”):
- Indicated Resource of 1.665 million tonnes at 10.05 g/t of Gold (538,000 Gold ounces)
- Inferred Resource of 2.906 million tonnes at 8.76 g/t of Gold (822,000 Gold ounces)
Click here to read the Eagle Hill Exploration (TSXV:EAG,OTCQX:EHECF,FWB:EH0) press release
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