Eagle Plains Res Stock Price, News & Analysis

Eagle Plains Resources (TSXV:EPL) announces that its option partner, Rockridge Resources (TSXV:ROCK), has initiated a summer drill program at the Knife Lake Copper VMS Project in Saskatchewan, covering approximately 1,000m. The project includes the Knife Lake Cu-Zn-Ag-Co deposit with robust potential for new discoveries and resource expansion. Rockridge is fully funded and permitted for the drilling, which targets both Gilbert Lake zones and the existing Knife Lake deposit. This opportunity highlights the project's value in a top mining jurisdiction amidst high demand for copper and other base metals.

Eagle Plains Resources announced the completion of the 2022 field program at its 100%-owned Schotts Lake Cu-Zn project in Saskatchewan, conducted by partner Canter Resources Corp.. This program included soil and lithogeochemical sampling, with further geophysical modeling planned. Canter has the option to earn a 60% stake by investing $5 million over four years and making cash payments of $500,000. Historical estimates show a resource of approximately 1.98 million tonnes at average grades of 0.61% copper and 1.35% zinc, although these are considered historical and not compliant with current standards.

Eagle Plains Resources has announced that option partner Rex Resources Corp. has mobilized field crews to the Kalum Property in British Columbia, aiming to explore the site with an investment plan totaling $3 million in exploration expenses, $500,000 in cash payments, and 1 million shares over four years. The 2,871 ha property shows potential for high-grade gold-silver deposits, drawing from its historical exploration success, including a notable 35g/t Au find. The 2022 work will feature various geological mapping and prospecting activities.

Eagle Plains Resources Ltd. has successfully closed a non-brokered private placement of 7,571,058 flow-through units at $0.17 CDN per unit, raising $1,287,080 CDN. Each unit includes a flow-through common share and one-half warrant exercisable at $0.25 CDN for 24 months. The offering involves related party transactions, totaling 1,250,000 units for $212,500. The funds will be allocated for exploration in British Columbia and Saskatchewan, with expectations for 2022 taxation year benefits.

Eagle Plains Resources has entered a formal option agreement with Annacotty Resources for a 60% interest in the Donna Property in British Columbia. Annacotty will invest $4 million in exploration, pay $520,000 in cash, and issue 1.2 million shares to earn this interest over five years. The Donna Property spans 11,494 hectares and is well-positioned within a mineral-rich area but has seen limited exploration. Eagle Plains has invested significantly in previous exploration activities, including 1,152m of diamond drilling.

Eagle Plains Resources Ltd. has successfully closed a non-brokered private placement, as announced on June 30, 2022. The financing generated gross proceeds of $1,287,080 CDN from the sale of 7,571,058 flow-through units at $0.17 CDN per unit. Each unit includes a common share and a warrant exercisable at $0.25 CDN for 24 months. Proceeds are earmarked for exploration projects in British Columbia and Saskatchewan. Notably, management has a strong history of enhancing shareholder value, with over $100 million transferred to shareholders since inception.

Eagle Plains Resources Ltd. plans a non-brokered private placement of up to 7,000,000 flow-through units, priced at $0.17 CDN per unit, aiming for gross proceeds of $1,190,000 CDN. Each unit comprises a flow-through common share and a half non-flow-through common share purchase warrant, with a 24-month exercise price of $0.25 CDN. An additional 10% overallotment is authorized. The proceeds will fund exploration projects in British Columbia, Saskatchewan, and Yukon. The financing closing is expected in July 2022.

Eagle Plains Resources partners with Rockridge Resources to advance the Knife Lake Project in Saskatchewan. The recent completion of 3D Geophysical Plate Modelling utilizing VTEM data reveals up to 15 km of conductive anomalies, aiding in targeted drilling set to commence in mid-July 2022. Rockridge, fully funded for the program, focuses on the Gilbert Lake target area, anticipated to yield valuable copper and other mineral occurrences. This initiative follows successful historical drilling, which identified significant mineralization, including 2.03% Cu in previous drill results.

Eagle Plains Resources Ltd. has initiated a diamond drilling program at its 100% owned Iron Range Project in Southern British Columbia. The drilling, consisting of 5-6 holes totaling 3,500 meters, is expected to last 8-9 weeks, with Hole IR22049 currently reaching 725 meters. The option partner can earn a 60% stake by investing $3.5 million and making $250,000 in cash payments to Eagle Plains. The project has historically shown potential for iron-oxide copper-gold and lead-zinc-silver mineralization, although past drilling has yielded varying results.