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. (OTCQB: EGPLF) generates a steady flow of news as a project generator active across western Canada. Company updates describe exploration programs, option and joint venture agreements, property sales and royalty transactions related to grassroots critical- and precious-metal projects.
Recent news releases highlight field results and planned drilling at gold and base metal targets, including high-grade grab and chip samples from projects such as the Pine Channel Gold Project in Saskatchewan and the Bulldog Gold-Silver Project in British Columbia’s Golden Triangle. Eagle Plains also reports on work at the George Lake Critical Metals Project, where sedimentary-exhalative zinc-lead-silver mineralization is being evaluated through geophysics and drilling plans.
Many EGPLF news items focus on partner-funded exploration. Examples include option agreements where companies such as Refined Energy Corp., Earthwise Minerals Corp. and Sun Summit Minerals Corp. can earn interests in Eagle Plains projects like the Dufferin uranium project, the Iron Range gold and base metal project, and the Theory copper-gold project. These releases often detail proposed drill programs, geophysical surveys and geochemical sampling campaigns.
Other announcements cover corporate transactions, such as the sale of the Rusty Springs silver-lead-zinc-copper property in Yukon to Blackcomb Silver Corp., and the sale of the Ketch and Portland copper-gold properties in British Columbia to Kodiak Copper Corp., with Eagle Plains retaining net smelter return royalties. Shareholder meeting results and information about spinouts and royalty-focused entities, including Eagle Royalties Ltd. and its combination with Summit Royalty Corp., also appear in the news flow.
Investors following EGPLF news can review these updates to track exploration progress, new option agreements, royalty developments and corporate changes across Eagle Plains’ portfolio of early-stage mineral projects.
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.
Eagle Plains Resources (TSXV:EPL) and Shooting Star Acquisition Corp. have signed an option agreement for the Eldridge Property in Saskatchewan. Shooting Star can earn a 60% interest by investing $4 million, paying $500,000, and issuing 1 million shares over four years. The Eldridge Property covers 13,500ha and is situated in a geologically promising area. Historical exploration has been minimal, but recent assessments indicated significant gold potential, with assays ranging from 0.1 - 9.7 ppb. A follow-up exploration is recommended to further evaluate the property.
Eagle Plains Resources announces that its option partner Rockridge Resources plans to initiate a fully funded drilling program at the Knife Lake Copper VMS Project in Saskatchewan, set for mid-July 2022. The program targets geophysical areas identified in 2021, focusing on the highly prospective Gilbert Lake zone while evaluating other targets across the property, which spans 56,865 hectares. Rockridge has secured contracts for necessary logistics and aims to update shareholders on the exploration progress, highlighting the project's potential in a favorable mining jurisdiction.
Eagle Plains Resources has completed a 10-hole, 1867m drill program at its 100%-owned Olson property, revealing significant gold mineralization across various zones. SKRR Exploration may earn up to a 75% interest in the Olson property through a structured agreement. Key findings include 50.35m @ 0.56 g/t Au at Michael's Lake and 8.07m @ 1.62 g/t Au at the Olson Zone. The program, fully funded by SKRR, confirms the presence of high-grade gold and extends known mineralized trends. The Olson property remains significantly underexplored, with numerous opportunities for further discoveries.
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Eagle Plains Resources and SKRR Exploration have initiated a 10-hole, 1850m diamond drilling program at the Olson property in Saskatchewan. This program follows previous successful drilling efforts that identified significant gold mineralization. SKRR can earn up to 75% interest in the property over three years. The project targets multiple known zones, including Olson, Ackbar Lake, and Michael's Lake. Drilling is expected to last four weeks, with results anticipated to play a crucial role in assessing the area's gold potential.
Eagle Plains Resources has successfully staked 8,903 hectares for its newly acquired Adamant Project, situated 45 km southeast of Mica Creek, British Columbia. This project features high-grade metamorphic rocks with significant potential for critical metals like Rare Earth Elements (REE), niobium (Nb), and molybdenum (Mo). Notably, previous sampling reports indicated up to 31,337 ppm REE and 481.2 ppm Nb. The acquisition aligns with the Canadian government's push for stable critical element supplies, enhancing the company’s portfolio and positioning within the industry.
Eagle Plains Resources has entered a formal option agreement with Aben Resources allowing Aben to earn a 100% interest in the Slocan Graphite Project in British Columbia, subject to regulatory approval. Aben must invest $1M in exploration, issue 850,000 shares, and pay $150,000 over three years. The project, comprising 2,387 ha, has potential for large flake graphite deposits, supported by infrastructure and previous geophysical surveys indicating significant mineralization. Additionally, Eagle Plains has terminated its agreement with 37 Capital regarding the Acacia Property.