Eagle Plains Partner Refined Energy Files 43-101 Report on Dufferin Project with Recommendations for Drill Program at Dufferin West Targets
Eagle Plains Resources (OTCQB:EGPLF) announced that its partner Refined Energy Corp has filed a NI 43-101 technical report for the Dufferin Project in the Athabasca Basin. The report recommends a drill program of minimum 4 holes and 1,250 metres for the Dufferin West targets, with a proposed budget of $2,062,500.
The highest priority target features a conductor associated with the Virgin River Shear Zone, extending from the unconformity at the sandstone contact into the basement rocks. The depth of sandstone cover above the unconformity is estimated at less than 200m. The project's location is significant, being approximately 18 km south of Cameco's Centennial deposit, where historic drilling intersected 8.78% U3O8 over 33.9 metres.
Under the option agreement, Refined can acquire up to 75% interest in the 10,140ha Dufferin Project through a two-phase process. The first phase allows acquisition of 60% interest for CA$275,000, 1,000,000 shares, and CA$2.6M in exploration by 2026. The second phase permits an additional 15% interest for CA$500,000, 500,000 shares, and CA$3M in exploration by 2028. Eagle Plains will retain a 2% smelter returns royalty, with 1% repurchasable for CA$2M.
Additionally, Eagle Plains reported that Annacotty Resources Corp. has terminated its option on the company's 100% owned Donna property in BC.
Eagle Plains Resources (OTCQB:EGPLF) ha annunciato che il suo partner Refined Energy Corp ha depositato un rapporto tecnico NI 43-101 per il Progetto Dufferin nella Bacino di Athabasca. Il rapporto raccomanda un programma di perforazione di almeno 4 fori per un totale di 1.250 metri per gli obiettivi di Dufferin West, con un budget proposto di 2.062.500 dollari.
Il target con la massima priorità presenta un conduttore associato alla Virgin River Shear Zone, che si estende dall'inconformità al contatto con la arenaria fino alle rocce di base. Lo spessore della copertura di arenaria sopra l'inconformità è stimato a meno di 200 metri. La posizione del progetto è significativa, trovandosi a circa 18 km a sud del deposito Centennial di Cameco, dove perforazioni storiche hanno intercettato 8,78% di U3O8 su 33,9 metri.
Secondo l'accordo di opzione, Refined può acquisire fino al 75% di interesse nel progetto Dufferin di 10.140 ettari attraverso un processo in due fasi. La prima fase consente l'acquisizione del 60% per 275.000 dollari canadesi, 1.000.000 di azioni e 2,6 milioni di dollari canadesi in esplorazione entro il 2026. La seconda fase permette un ulteriore 15% per 500.000 dollari canadesi, 500.000 azioni e 3 milioni di dollari canadesi in esplorazione entro il 2028. Eagle Plains manterrà un royalty del 2% sui ricavi da fusione, di cui l'1% può essere riacquistato per 2 milioni di dollari canadesi.
Inoltre, Eagle Plains ha riferito che Annacotty Resources Corp. ha terminato la sua opzione sulla proprietà Donna, interamente di proprietà della società, situata in BC.
Eagle Plains Resources (OTCQB:EGPLF) anunció que su socio Refined Energy Corp ha presentado un informe técnico NI 43-101 para el Proyecto Dufferin en la Cuenca de Athabasca. El informe recomienda un programa de perforación de un mínimo de 4 pozos y 1,250 metros para los objetivos de Dufferin West, con un presupuesto propuesto de 2,062,500 dólares.
El objetivo de mayor prioridad presenta un conductor asociado con la Zona de Cizalla Virgin River, que se extiende desde la inconformidad en el contacto de la arenisca hasta las rocas del basamento. La profundidad de la cubierta de arenisca sobre la inconformidad se estima en menos de 200 metros. La ubicación del proyecto es significativa, estando aproximadamente a 18 km al sur del depósito Centennial de Cameco, donde perforaciones históricas intersectaron 8.78% de U3O8 en 33.9 metros.
Bajo el acuerdo de opción, Refined puede adquirir hasta un 75% de interés en el Proyecto Dufferin de 10,140 hectáreas mediante un proceso en dos fases. La primera fase permite la adquisición del 60% por CA$275,000, 1,000,000 de acciones y CA$2.6 millones en exploración para 2026. La segunda fase permite un 15% adicional por CA$500,000, 500,000 acciones y CA$3 millones en exploración para 2028. Eagle Plains mantendrá un regalía del 2% sobre los ingresos de fundición, con un 1% recomprable por CA$2 millones.
Además, Eagle Plains informó que Annacotty Resources Corp. ha terminado su opción sobre la propiedad Donna, 100% propiedad de la compañía, ubicada en BC.
Eagle Plains Resources (OTCQB:EGPLF)는 파트너인 Refined Energy Corp가 아서배스카 분지의 더퍼린 프로젝트에 대한 NI 43-101 기술 보고서를 제출했다고 발표했습니다. 보고서는 더퍼린 웨스트 목표를 위해 최소 4개 구멍, 1,250미터의 시추 프로그램을 권장하며, 예산은 2,062,500달러로 제안되었습니다.
최우선 목표는 버진 리버 전단대와 연관된 전도체를 특징으로 하며, 사암 접촉면의 불연속면부터 기저암까지 확장됩니다. 불연속면 위의 사암 덮개 깊이는 200m 미만으로 추정됩니다. 프로젝트 위치는 중요하며, Cameco의 Centennial 광산에서 약 남쪽으로 18km 떨어져 있으며, 과거 시추에서 33.9미터 구간에서 8.78% U3O8가 확인되었습니다.
옵션 계약에 따라 Refined는 10,140헥타르 규모의 더퍼린 프로젝트에서 최대 75% 지분을 두 단계에 걸쳐 취득할 수 있습니다. 첫 번째 단계는 2026년까지 CA$275,000, 1,000,000주, CA$2.6M 탐사를 통해 60% 지분을 취득할 수 있으며, 두 번째 단계는 2028년까지 CA$500,000, 500,000주, CA$3M 탐사를 통해 추가 15% 지분을 취득할 수 있습니다. Eagle Plains는 2% 제련 수익 로열티를 보유하며, 1%는 CA$2M에 재매입할 수 있습니다.
또한 Eagle Plains는 Annacotty Resources Corp.가 회사가 100% 소유한 BC 주의 Donna 부동산에 대한 옵션을 종료했다고 보고했습니다.
Eagle Plains Resources (OTCQB:EGPLF) a annoncé que son partenaire Refined Energy Corp a déposé un rapport technique NI 43-101 pour le projet Dufferin dans le bassin d'Athabasca. Le rapport recommande un programme de forage d'au moins 4 trous et 1 250 mètres pour les cibles de Dufferin Ouest, avec un budget proposé de 2 062 500 dollars.
La cible prioritaire la plus élevée présente un conducteur associé à la zone de cisaillement Virgin River, s'étendant de l'inconformité au contact du grès jusqu'aux roches du socle. La profondeur de la couverture de grès au-dessus de l'inconformité est estimée à moins de 200 m. L'emplacement du projet est significatif, se situant à environ 18 km au sud8,78% de U3O8 sur 33,9 mètres.
Dans le cadre de l'accord d'option, Refined peut acquérir jusqu'à 75% d'intérêt dans le projet Dufferin de 10 140 hectares via un processus en deux phases. La première phase permet l'acquisition de 60% d'intérêt pour 275 000 CA$, 1 000 000 d'actions et 2,6 M$ CA en exploration d'ici 2026. La seconde phase permet un intérêt supplémentaire de 15% pour 500 000 CA$, 500 000 actions et 3 M$ CA en exploration d'ici 2028. Eagle Plains conservera une redevance de 2% sur les revenus de fusion, dont 1% peut être racheté pour 2 M$ CA.
De plus, Eagle Plains a rapporté qu'Annacotty Resources Corp. a mis fin à son option sur la propriété Donna, détenue à 100% par la société, située en Colombie-Britannique.
Eagle Plains Resources (OTCQB:EGPLF) gab bekannt, dass sein Partner Refined Energy Corp einen NI 43-101 technischen Bericht für das Dufferin-Projekt im Athabasca-Becken eingereicht hat. Der Bericht empfiehlt ein Bohrprogramm mit mindestens 4 Löchern und 1.250 Metern für die Dufferin West Ziele, mit einem vorgeschlagenen Budget von 2.062.500 US-Dollar.
Das vorrangige Ziel weist einen Leiter auf, der mit der Virgin River Scherzonen verbunden ist und sich von der Diskordanz an der Sandstein-Grenze in die Grundgesteine erstreckt. Die Tiefe der Sandsteinüberdeckung über der Diskordanz wird auf weniger als 200 m geschätzt. Die Lage des Projekts ist bedeutend, da es etwa 18 km südlich des Centennial-Lagers von Cameco liegt, wo historische Bohrungen 8,78% U3O8 über 33,9 Meter durchteuften.
Im Rahmen der Optionsvereinbarung kann Refined bis zu 75% Anteil am 10.140 ha großen Dufferin-Projekt durch einen zweiphasigen Prozess erwerben. Die erste Phase erlaubt den Erwerb von 60% Anteil für CA$275.000, 1.000.000 Aktien und CA$2,6 Mio. an Exploration bis 2026. Die zweite Phase ermöglicht weitere 15% Anteil für CA$500.000, 500.000 Aktien und CA$3 Mio. an Exploration bis 2028. Eagle Plains behält sich eine 2% Schmelzrückvergütungsgebühr vor, wobei 1% für CA$2 Mio. zurückgekauft werden kann.
Zusätzlich berichtete Eagle Plains, dass Annacotty Resources Corp. ihre Option auf das zu 100% im Besitz des Unternehmens befindliche Donna-Grundstück in BC beendet hat.
- None.
- Significant capital expenditure required with $2,062,500 proposed drilling budget
- Loss of Donna property option partner Annacotty Resources
- Targets have never been drill tested, indicating exploration risk
- Extended timeline for option agreement completion (up to 2028)
CRANBROOK, BC / ACCESS Newswire / June 30, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") is pleased to announce that partner Refined Energy Corp (CSE:RUU)(OTC:RFMCF)(FRA:CWA0) ("Refined") has filed a National Instrument 43-101, Standards of Disclosure for Mineral Projects, technical report for the Dufferin Project in the Athabasca Basin. A drill program consisting of a minimum of four holes and 1,250 metres is recommended for the Dufferin West targets at a budget of
The highest priority target area (see figure below) is represented by a conductor associated with the interpreted trace of the Virgin River Shear Zone. It is a strong conductor associated with a distinct magnetic transition. This conductor is interpreted to extend from the unconformity at the sandstone contact well into the underlying basement rocks. The second conductor is also interpreted to extend from the unconformity to a lesser distance into the underlying basement rocks. Neither target has ever been drill tested and the depth of sandstone cover above the unconformity is estimated to be relatively shallow at less than 200m. Uranium deposits in the Athabasca Basin are often located at or underneath the unconformity contact between the overlying sandstone and the basement rocks.
Mark Fields, Chief Executive Officer of the Company stated, "It is exciting to be planning an initial drill program for Refined Energy in the Athabasca Basin, renowned for its history of exploration, discovery, and development of high value uranium mines. The Dufferin Project is located in proximity to NE-SW trending faults which are known to host uranium mineralization. An example approximately 18 km north of Dufferin West on the same Virgin River Shear Zone is Cameco's Centennial deposit where historic drill hole VR-031W3 intersected 8.78 per cent U3O8 over 33.9 metres (SMAF 74G12-0061)1. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca Basin."
See Dufferin West Uranium Target Compilation Map here
Refined holds the exclusive option to acquire up to a
See Dufferin West Property Information and Map here
See Dufferin North Property Information and Map here
The Dufferin Project is located on or in close proximity to the known trace of the Virgin River Shear Zone and related splays which are key structures for potential uranium mineralization.
The Project is prospective for unconformity- and basement-hosted uranium mineralization in proximity to the Virgin River Shear Zone. Faulted basement contacts and brittlely reactivated structures are the primary locations for mineralization in the area covered by the Dufferin Project. The relatively high concentration of secondary uranium-bearing minerals demonstrated by prior exploration work on the Dufferin Project indicates uranium mineralization remobilization may play an important role in this region of the Athabasca Basin. Geophysical EM and magnetic anomalies demonstrated by prior exploration work on the Dufferin Project are supported by previous uranium and boron soil and lake sediment anomalies along the inferred fault zones, which are expected to aid in focusing future exploration programs.
Some of the above results were taken directly from the SMDI descriptions and assessment reports (SMAF) filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work on the subject properties. Eagle Plains' management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
References
1 Witt, Gary and Brown, A.G., (2010): Cameco Corporation Virgin River Project 2009 Annual Exploration Report; SMAF 74G12-0061
Dufferin Option Agreement Details
To exercise the Option, Refined must make a series of cash payments and share issuances to Eagle Plains and fund exploration expenditures on the Project. These payments, share issuance and expenditures are separated into two phases, with the first Option entitling the Company to acquire a
If the First Option or the Second Option is exercised, a
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.
Update on Donna Property Option
Eagle Plains reports that is has received formal notice from option partner Annacotty Resources Corp., a private BC company, that it has terminated its option on EPL's
Since acquiring the property, Eagle Plains has carried out annual systematic exploration including airborne radiometric and magnetic surveys, prospecting, geological mapping, soil and silt geochemical sampling and 1152m (3779") of diamond drilling in 12 holes. The property boasts a robust GIS database consisting of rock, soil, silt, till, trench and drill-hole results within and adjacent the property area. In July, 2020, EPL completed the purchase of historical crown grants covering workings documented at the St. Paul and Morgan mines (BCMINFILE 082LSE010), which include shafts, tunnels, winzes and an unknown number of open cuts and trenches, as well as a tramline and stamp mill that operated in the early 1900's.
See Donna Property Information and Map here
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over
On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ("OP") will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada.
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
View the original press release on ACCESS Newswire
FAQ
What is the recommended drill program for Eagle Plains' Dufferin West targets?
How can Refined Energy acquire 75% interest in EGPLF's Dufferin Project?
What is the significance of the Virgin River Shear Zone for EGPLF's Dufferin Project?
What royalty will Eagle Plains retain on the Dufferin Project?
What is the estimated depth of the uranium exploration target at Dufferin West?
