Yankee Hat Minerals Intersects 11.95 g/t Gold Over 1.05 Meters at the Fran Property
March 23 2011 - 11:12AM
Marketwired
Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX
VENTURE: KHT) is pleased to provide results from the remaining
holes from its eight hole winter drill program at the Fran
Property, located in central British Columbia (the "Fran
Property"). The Company has received all the assays for all eight
holes confirming the extensions of the known gold zones at depth
over 700 meters of strike-length.
This winter's drill program at the Fran Property consists of the
first new holes drilled on the project since 2007, and the assay
results confirm the continuity of gold mineralization below
historical drilling. Highlights of the drill results include 9.93
g/t Au over 0.70m and 8.7 g/t Au over 0.71m in hole FR-10-084,
11.95 g/t Au over 1.05m in hole FR-10-086, and 4.43 g/t Au over
1.00m in hole FR-10-087.
"These results demonstrate the continuity of the gold
mineralization over a strike length of more than 700 meters and a
depth of at least 220 meters," David Matousek, President of Yankee
Hat comments. "The gold zones drilled so far represent only a small
portion of the large Fran property. Additional indications of gold
mineralization further to the east on the property will be
investigated during the summer field program."
The table shows the most material assay results from the drill
program:
----------------------------------------------------------------------------
Section From To Length Au
Drill Hole (m) (m) (m) (m) (g/t) Other
----------------------------------------------------------------------------
FR-10-080 1675 313.33 314.00 0.67 4.70 45.7 g/t Ag
----------------------------------------------------------------------------
FR-10-081 1525 87.87 90.30 2.43 6.47
----------------------------------------------------------------------------
FR-10-082 1425 149.50 150.20 0.70 9.93
----------------------------------------------------------------------------
FR-10-084 1900 126.19 126.90 0.71 8.70 1.14% Zn
----------------------------------------------------------------------------
FR-10-084 1900 188.35 189.30 0.95 4.87 0.74% Zn
----------------------------------------------------------------------------
FR-10-084 1900 215.70 216.40 0.70 5.72 26.6 g/t Ag
----------------------------------------------------------------------------
FR-10-086 1325 46.65 47.70 1.05 11.95
----------------------------------------------------------------------------
FR-10-087 1475 125.70 126.70 1.00 4.43
----------------------------------------------------------------------------
Note: True width represents approximately 75 percent of reported length.
The drill program tested the extensions of five of the
mineralized gold zones identified so far on the property. The gold
mineralization is hosted into a series of sub-vertical, northwest
trending, structures containing quartz veining and significant
pyrite. Assay results from previous drill programs testing the
structures include high grade values such as 27.1 g/t Au over 1.3
(FR-07-071), 32.49 g/t Au over 2.1 m (FR-07-074), 17.03 g/t Au over
2.4 m including 25.2 g/t Au over 1.36 m (FR-05-048), 9.43 g/t Au
over 8.24 m including 87.97 g/t Au over 0.52 m and 13.86 g/t Au
over 0.9 m (FR-06-055).
Jean-Philippe Desrochers, Ph.D., P.Geo., is a qualified person
registered in Ontario and Quebec as defined by NI-43-101 and has
reviewed the technical information that this news release
contains.
Gold analyses reported in this release were performed by
standard fire assay using a 30g charge with atomic absorption
finish and a gravimetric finish for assays greater than 1 g/t.
Assays returning results over 1 oz/t gold by atomic absorption are
re-assayed using metallic sieve method. All assays were performed
by ALS Canada Laboratory, in North Vancouver, British Columbia.
Sampling and analytical procedures are subject to a comprehensive
quality assurance and quality control program. The QA-QC program,
includes duplicate samples, blanks and analytical standards.
About the Fran Property
The Fran property is located in central British Columbia
approximately 60 kilometres north of the city of Fort St. James.
The region is well known for its abundance of large scale deposits
and mines, most notably the Mount Milligan deposit which is located
30 kilometres northeast of the property and the Kemess South mine
located approximately 250 km to the north. The original Fran
property consisted of eight mineral claims covering approximately
4,000 hectares. Staking to the east, south and west has expanded
the property to 10,200 hectares in area.
About Yankee Hat Minerals Ltd.
Yankee Hat Minerals Ltd. is a publicly held resource exploration
company that utilizes its management's expertise in mineral
exploration and evaluation, and financial acumen, to identify,
acquire, and develop mineral prospects in mining friendly
jurisdictions with the potential to host large-scale discoveries.
The company strategically focuses on commodities that have strong
underlying price fundamentals such as gold and precious metals,
rare earth elements and tungsten. The Company's website at
www.yankeehatminerals.com and public filings at www.sedar.com
provide additional information on its projects and other
information with respect to its management and operations.
This press release is not an offer of securities for sale in the
United States. The common shares being offered have not been and
will not be registered under the United States Securities Act of
1933 and accordingly are not being offered for sale and may not be
offered, sold or delivered, directly or indirectly within the
United States, its possessions and other areas subject to its
jurisdiction or to, or for the account or for the benefit of a U.S.
person, except pursuant to an exemption from the registration
requirements of that Act.
This press release includes "forward-looking statements"
including forecasts, estimates, expectations and objectives for
future operations that are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of
Eagle Hill Exploration Corp. Statements regarding mineral
exploration operations and objectives are subject to risk,
including, but are not limited to, exploration and geologic risk,
inflation and costs of goods and services, property title issues
and regulatory approvals. Investors are cautioned that any such
statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected
in the forward-looking statements. Such forward-looking information
represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially.
ON BEHALF OF THE BOARD
P. Bradley Kitchen, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Yankee Hat Minerals Ltd. David Matousek President
604.697.5790 info@yankeehatminerals.com www.yankeehatminerals.com
Investor Cubed Inc. Neil Simon 647.258.3310 or Toll Free:
1.888.258.3323 info@investor3.ca www.investor3.ca
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