UPDATE: Eagle Hill Releases Updated Mineral Resource Statement on Quebec Property; Shares Spike

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Eagle Hill Exploration Corporation (EAG.V) today released an updated gold mineral resource statement for the Windfall Lake Property in Quebec, showing a significant increase in the total amount of gold ounces.

The results of the statement indicate a 61% increase in the total amount of gold ounces in the indicated category and a 126% increase in the inferred category.

EAG shares came off a halt at 1 pm ( ET ) and immediately spiked to 18 cents. They have since come off those highs, trading at 16 cents, up 3.2%.

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This article appears in: Investing , Commodities

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