Earthwise Minerals Commences Fieldwork at the Iron Range Gold Project, British Columbia
Rhea-AI Summary
Earthwise Minerals Corp. (CSE:WISE) has initiated 2025 fieldwork at the Iron Range Gold Project in British Columbia, where it has an option to acquire up to 80% interest from Eagle Plains Resources (OTCQB:EGPLF). The 21,437ha project shows potential for gold-silver, IOCG, and Sullivan-style lead-zinc-silver mineralization.
The exploration program includes two phases, focusing on the Pyromorphite Zone, where historical samples showed significant results including 54.7 g/t Au and 42.2 g/t Ag. Previous drilling at the Talon Zone yielded notable intersections, including 14.0m grading 5.1g/t gold and 7.0m grading 51.52g/t gold.
Under the option agreement, Earthwise must make CA$250,000 in payments, issue 1.5M shares, and fund CA$4M in exploration over four years for 70% interest, with an additional option for 80% requiring CA$1M payment and completion of a bankable feasibility study.
AI-generated analysis. Not financial advice.
Positive
- None.
Negative
- Significant capital requirements with CA$4M in exploration expenditures needed
- Additional CA$1M payment required for 80% interest option
- Project subject to multiple royalties including 2% smelter returns royalty
- Historical results require verification by Qualified Person
News Market Reaction – EGPLF
On the day this news was published, EGPLF declined 1.43%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / July 14, 2025 / Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company") has mobilized exploration crews to commence 2025 fieldwork at the Iron Range Gold Project. Earthwise holds the exclusive option to acquire up to an
The 21,437ha Iron Range Project is considered by management of both Eagle Plains and Earthwise to hold excellent potential for the presence of structurally controlled gold-silver mineralization, iron-oxide copper-gold ("IOCG") and Sullivan-style lead-zinc-silver sedimentary-exhalative ("sedex") mineralization. The property is owned
The 2025 fieldwork will be carried out in two phases, with the focus on detailed follow up of historic soil geochemical and till anomalies, and geophysical targets in the Talon Zone area, prospecting and mapping along structural splays of the Iron Range Fault, and evaluation of historical mineral occurrences.
See Iron Range Project Map
The first phase of fieldwork will target the Pyromorphite Zone (BC MinFile 082FSE141). Mineralization was discovered in 2009 after construction of logging roads exposed sheared and brecciated sediments hosting cm-scale quartz veins bearing pyromorphite (lead) mineralization. No significant work has been completed at the zone since its initial discovery by the previous tenure holder. Rock (grab) sample SK10-207 reports 27.0 g/t Au, 173.0 g/t Ag, and
Drilling at Iron Range in 2010 resulted in the discovery of the Talon Zone, where drill-hole IR10-010 intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1g/t gold,
Iron Range Option Agreement Details
To exercise the Option, Earthwise 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
Eagle Plains will serve as Operator under the terms of Option and will reserve the right to use TerraLogic Exploration Inc. as geoscience consultant. Following the exercise of either Option 1 or 2, Earthwise and Eagle Plains shall then form a 70/30 or 80/20 joint venture ("JV") to further explore and develop the Property.
About the Iron Range Project https://earthwiseminerals.com/iron-range-project/
Iron Range Project Summary
The 21,437ha Iron Range Project located near Creston, BC, is owned
The Iron Range property covers an extensive area approximately 10km x 32km which overlies the regional Iron Range Fault System ("IRFS"). Prior to the acquisition by Eagle Plains in 2001, the property had seen little systematic exploration for other than iron resources known to exist on the property since the late 1800s. Since 2001, Eagle Plains and its partners have completed 21,593m of diamond-drilling in 87 holes, collected 2482 line-km of airborne and surface geophysical data and analysed 10,053 soil geochemical samples, 495 rock samples and 6955 drill core samples.
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. Some of the above results were taken directly from MINFILE descriptions and assessment reports (ARIS) filed with the BC 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. 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.
Qualified Person
Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.
About Earthwise Minerals
Earthwise Minerals Corp. (CSE: WISE; FSE: 966) is a Canadian junior exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia near Creston, B.C. The Company holds an option to earn up to an
For more information, visit www.earthwiseminerals.com.
EARTHWISE MINERALS CORP.,
ON BEHALF OF THE BOARD
"Mark Luchinski"
Contact Information:
Mark Luchinski
Chief Executive Officer, Director
Telephone: (604) 506-6201
Email: luch@luchccorp.com
Forward Looking Statements
This news release includes statements that constitute "forward-looking information" as defined under Canadian securities laws ("forward-looking statements") including, without limitation, statements respecting the Offering and the intended use of proceeds therefrom. Statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in its forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and actual outcomes may differ materially from those in forward-looking statements. Additional information regarding the various risks and uncertainties facing the Company are described in greater detail in the "Risk Factors" section of the Company's annual management's discussion and analysis and other continuous disclosure documents filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.
For more information, please contact Mark Luchinski, Chief Executive Officer and Director, at luch@luchccorp.com or (604) 506-6201
SOURCE: Earthwise Minerals Corp.
View the original press release on ACCESS Newswire