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 (OTCQB:EGPLF) has applied to the TSX Venture Exchange to extend the expiry date of 3,785,529 outstanding common share purchase warrants by 12 months. The warrants, originally issued during a non-brokered private placement in July 2022, are currently set to expire on July 11th, 2025.
The company seeks to extend the expiry to July 11th, 2026, while maintaining the current exercise price of $0.25 per warrant and the acceleration clause. The acceleration clause allows Eagle Plains to expedite expiry if the stock trades at or above $0.50 for 20 consecutive trading days, giving warrant holders 30 days notice to exercise.
Eagle Plains Resources (TSXV:EPL, OTC:EGPLF) has initiated fieldwork on its 100%-owned Black Diamond Property in British Columbia, focusing on antimony and precious metal exploration. The 866-hectare property features the Black Diamond structural zone, which extends over 12km and contains high-grade polymetallic mineralization.
Historical drilling highlights include intersections of 93.73 g/t silver, 9.66% lead, and 5.17% zinc over 3.0m. Notable historical samples from the Silver Spray Zone returned values up to 3.19g/t Au, 2,813.2 g/t Ag, and 7.44% Sb. The 2025 work program will include soil sampling and prospecting, targeting antimony and precious metal mineralization.
Additionally, the company holds the 2,084-hectare Snowstorm Property in the Slocan Mining Camp, which has shown high-grade samples including 144 g/t gold and 158 g/t silver at the Lakeview occurrence.
Eagle Plains Resources (TSX-V:EPL) has provided an update on its 25% owned Olson gold property, with SKRR Exploration owning the remaining 75%. The project, spanning 12,951 hectares in Saskatchewan's Trans Hudson Corridor, has shown promising gold mineralization results from drilling programs conducted between 2020-2022.
Key drilling highlights include:
- Point Zone: 39.80m @ 1.09 g/t Au, including 7.62m @ 3.44 g/t Au
- Jena Zone: 1.53m @ 13.5 g/t Au
- Olson Zone: 29.44m @ 1.30 g/t Au, including 10.21m @ 2.95 g/t Au
- Michael's Lake Zone: 50.35m @ 0.56 g/t Au
The project features multiple drill-confirmed target areas with diverse gold mineralization styles. Planning is currently underway for a 2025 work program.
Eagle Plains Resources (TSXV:EPL) announces that partner Earthwise Minerals (CSE:WISE) has completed data review of the Iron Range Project in British Columbia. Earthwise holds an option to acquire up to 80% interest in the 21,437ha project.
The project showed significant historical drilling results, including:
- 2010 Talon Zone: 14.0m @ 5.1g/t gold, 1.86% lead, 2.1% zinc, 75.3g/t silver
- 2010 Talon Zone: 7.1m @ 8.13g/t gold, 2.84% lead, 3.07% zinc, 86.6g/t silver
- 2008 drilling (10km north): 7.0m @ 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. An additional 10% can be acquired through CA$1M payment and completing a bankable feasibility study.
Eagle Plains Resources (EPL) and Sun Summit Minerals (SMN) have finalized an option agreement for the Theory copper-gold project in British Columbia's Toodoggone Mining District. The agreement grants Sun Summit the right to acquire up to 100% interest in the 9,676-hectare project through a two-phase option structure.
Under the first option, Sun Summit can acquire 75% interest by paying CA$255,000, issuing 750,000 common shares, and funding CA$3,000,000 in exploration over four years. The second option allows acquisition of the remaining 25% for an additional CA$1,000,000. Upon exercise, Eagle Plains will retain a 2% smelter returns royalty, with 1% repurchasable for CA$1,000,000.
The Theory Project, located near Sun Summit's JD Project, shows potential for both epithermal gold and copper-gold porphyry deposits. Historical exploration revealed promising results, including samples with up to 8.2 g/t Au, 195 g/t Ag, and 6.2% Cu at the DM occurrence. A minimum expenditure of $200,000 is planned for 2025 exploration.