Welcome to our dedicated page for Eagle Plains Res news (Ticker: EGPLF), a resource for investors and traders seeking the latest updates and insights on Eagle Plains Res stock.
Eagle Plains Resources Ltd. reports developments tied to its Canadian mineral exploration portfolio, including grassroots critical- and precious-metal properties in British Columbia and Saskatchewan. Recurring updates cover drilling, assay results, geophysical targeting, mineral tenure acquisitions, permitting and exploration agreements for projects such as Iron Range, George Lake, Pine Channel, Beaver River and Mount Polley West.
The company’s news also reflects its partnership model, with option partners funding or operating work on selected properties while Eagle Plains retains ownership interests, royalty exposure or project participation. Coverage includes gold, silver, lead, zinc, copper and uranium exploration themes, as well as net smelter royalty terms and collaboration frameworks with local and Indigenous communities.
Eagle Plains Resources has announced a strategic reorganization to enhance shareholder value by forming a new division, Eagle Royalties Ltd., which will manage its royalty assets across various commodities. The company aims to identify and value specific royalty interests more effectively and facilitate independent marketing and development of these assets. The portfolio includes royalties from gold, silver, copper, and diamonds, primarily in British Columbia, Yukon, and Saskatchewan. This move is part of Eagle Plains' ongoing efforts to optimize its core exploration activities and maintain steady growth.
Eagle Plains Resources Ltd. has completed a 1,700m drilling program at its 100% owned Vulcan Project, located 30km west of Kimberley, BC. All three drill holes intersected the Lower-Middle Aldridge contact, significant for potential mineralization. Hole VU22004 showed promising results with high concentrations of zinc, lead, and silver, indicating proximity to a mineralized feeder system. This suggests further drilling is warranted, as management highlighted the geological similarities to the nearby Sullivan deposit, one of the largest in the world.
Eagle Plains Resources announces that its option partner, Rockridge Resources Ltd., has earned a 100% interest in the Knife Lake Copper VMS Project in Saskatchewan. The project spans 56,865 hectares and includes a NI 43-101 resource estimate of 3.8 million tonnes at 1.02% CuEq and 7.9 million tonnes at 0.67% CuEq. Rockridge paid $150,000, issued 5,550,000 shares, and completed $3,250,000 in exploration expenditures. Ongoing drilling aims to expand the resource and explore the promising Gilbert Lake target area. The project benefits from proximity to a powerline and existing geological data.
Eagle Plains Resources Ltd. (TSXV:EPL) announced the successful completion of its first drilling hole (VU22003) at the Vulcan project, reaching a depth of 630m. Notable mineralization, including minor sphalerite and a narrow band of pyrrhotite, was observed, suggesting potential for zinc enrichment. A follow-up geophysical survey is planned. Additionally, the company secured a 12-month extension for the expiry of 1,526,000 common share purchase warrants, now set to expire on September 25, 2023, at a price of $0.30 per warrant.
Eagle Plains Resources Ltd. has applied to amend the term of 1,526,000 outstanding common share purchase warrants due to expire on September 25, 2022, seeking an extension to September 25, 2023. The warrants will continue to have an exercise price of 30 cents and an acceleration clause if the share price exceeds 50 cents for 20 consecutive trading days. Established in 1992, Eagle Plains is a project generator focused on mineral exploration in western Canada, with over $27M spent on projects from 2011-2021 and significant royalty interests in multiple resource projects.
Eagle Plains Resources has mobilized field crews to commence a 1,600m drilling program at its Vulcan property in British Columbia, which spans 8,617 hectares. This area is believed to have significant potential for silver-lead-zinc mineralization, akin to the nearby Sullivan deposit that has yielded substantial historical ore totals. The drilling aims to explore sedimentary-exhalative mineralization at the Lower-Middle Contact (LMC) horizon. Previous exploration efforts and recent geophysical surveys have highlighted favorable geological features, further validating the prospects of Vulcan.
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Eagle Plains Resources has begun fieldwork on its 100%-owned Adamant Property in British Columbia, covering 9,461 hectares. This project focuses on rare earth element mineralization and is supported by a $100,000 budget. Historical exploration has uncovered significant rare earth elements, niobium, and molybdenum grades. Plans for 2022 include geological mapping, sampling, and studies led by experts, aimed at assessing the economic viability of the site. The company, established in 1992, emphasizes enhancing shareholder value through mineral exploration and partnerships.
Eagle Plains Resources has initiated fieldwork on its 100%-owned Ice River Property in British Columbia, with a budget of $100,000. The Ice River Property is rich in precious metals and rare earth elements, with significant mineralization documented, including over 34300 ppm of Total Rare-Earth-Elements. The 2022 fieldwork will focus on several priority targets that show promise from previous sampling. A geology professor has been brought on for advanced studies to further evaluate the area's mineral potential.
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.