Eagle Plains Resources Ltd.

Published : June 02nd, 2010

& Partners Launch Aggressive Exploration Season with Wildhorse Drill Program

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Keywords :   Canada | Diamond | Gold | Iron | Rare Earth | Recovery | Uranium |

 
Suite 200, 16 - 11th Ave. S. Cranbrook, BC VIC 2P1   Ph: 866 486 8673    Fax: (250) 426-6899
Email:
info@eagleplains.com or visit our Website at www.eagleplains.com

Eagle Plains and Partners Launch Aggressive Exploration Season with Wildhorse Drill Program

Cranbrook, B.C., 02 June, 2010: Eagle Plains Resources (TSX-V:EPL) has mobilized field crews to embark on aggressive mineral exploration programs in British Columbia, Yukon and Saskatchewan. Exploration programs will be carried out on projects in various stages of development. Over $2.2M in exploration expenditures are budgeted for the year, with fourteen individual projects scheduled for work. At least three projects are expected to see Diamond drilling, with approximately 1600m - 2100m (5250' - 6890') in total footage planned to date. Approximately � of the total expenditures will be incurred by third parties under various option agreements currently in place.

Fieldwork will be carried out by TerraLogic Exploration Services Ltd (formerly Bootleg Exploration) of Cranbrook, a wholly-owned subsidiary of Eagle Plains. www.TerraLogicExploration.com


A pdf summary of program scheduling is available here

British Columbia Projects

Wildhorse (Au, Cu)

A 500-700m, 6-hole Diamond drilling program is now underway at the Wildhorse (Cu, Au) Project located 40km north of Cranbrook, in south-eastern B.C. This $200,000 program is being funded by option partner Excelsior Mining Corp (TSX-V:MIN) subject to option terms as announced in a news release dated Mar 11/2010.  Wildhorse News Release

Iron Range (Au, Ag, Pb, Zn)

A $200,000, 2-3 hole program is planned to test prominent geophysical conductors apparently associated with the Iron Range Fault system. Work will be funded by Providence Capital Corp. (TSX-V:PV), subject to an option agreement as announced on May 18th, 2010.  Iron Range News Release

Results from previous exploration work including drilling, geological mapping, geochemical surveys and a 690 line-km airborne geophysical survey have been used to define a potential SEDEX target that is the focus of this years exploration program.

Elsiar (Au, Cu, Mo)

A $200,000 geological and soil geochemical program is being funded by option partner Parkside Resources Ltd. (a private BC company), subject to an option agreement as announced on April 15th, 2010.  Elsiar News Release

Kalum

A $200,000 Diamond drilling program is being funded by option partner Windstorm Resources Inc. (a private B.C. company), subject to an option agreement as announced November 4th, 2009. Drilling activity is a continuation of fieldwork completed on behalf of Windstorm during 2009 and previous programs. Work this season will also follow-up on a high-grade gold occurrence which was discovered in 2009 as summarized in a news release dated November 4th, 2009. Kalum News Release

Yellowjacket (Au)

Project plans to be announced shortly

Acacia (Pb, Zn, Ag) and Black Diamond (Ag, Au, Pb, Zn)

Soil geochemical and geological programs have recently been completed. Both projects are located in Southern B.C. and are 100% owned by EPL.

Saskatchewan Projects

Baska Eldorado (Kulyk Lake) (U, REEs)

Crews are now on site to conduct a $130,000 trenching, geological mapping, prospecting and soil geochemical program on the property, with work funded by 99 Capital (TSX-V:WDG). EPL earlier sold a 100% interest in the property to 99 Capital for 2M common shares, and maintains an option to buy-back a 50% interest in the claims.

At the Kulyk Lake occurrence, mapping and sampling of the Eldorado grid during 2009 led to the re-sampling of 2 sets of historical trenches located 600m apart, namely the Eldorado (U) and Kulyk (REE) trenches. Samples collected from these trenches in 2009 returned significant values of Uranium and REE's, notably from the Kulyk trench exceptional Total Rare Earth Oxides (TREO) assays of 55.9%, 30.6% and a 0.7 m chip sample of 18.9%. Soil geochemical results and geological/geophysical mapping from this program indicate the potential for continuous mineralization along strike between the two trenches (see news release January 18th, 2010). Baska Eldorado News Release

Eagle Lake (U, REEs)

A $200,000 exploration program to consist of trenching and other geological work is planned for the Eagle Lake property, funded by Sandstorm Metals and Energy Ltd. (TSX-V:SND). Sandstorm can earn a 60% interest in the property by completing $3M in exploration expenditures, making $495,000 in cash payments and issuing 850,000 common shares to EPL over 5 years.

At Eagle Lake, a radioactive boulder train was discovered in 2008 as a result of prospecting an airborne geophysical anomaly. This led to the discovery of the Red October showing in 2009. The Red October consists of approximately 400m of intermittent mineralized outcrop otherwise covered by overburden. Samples collected from the showing returned exceptional uranium assays including a 1.0 m yellow-stained chip sample which returned 1.56% U3O8 and a grab sample of a yellow-stained black alteration selvage which returned 2.24% U3O8. (see news release January 13, 2010). Eagle Lake News Release

Karin Lake (U, REEs)

A $50,000 program is planned for the property in 2010, to be funded by EPL. Work will consist of ground-based exploration to follow up on targets generated by an airborne geophysical survey conducted in late 2007. An 8-hole, 757m Diamond drilling program was carried out on the property in early 2008 and yielded encouraging results (see news release June 27th, 2008). Karin Lake News Release

Yukon Projects

Dragon Lake (Au)

Work will commence within the week on a $200,000 airborne geophysical, trenching and geological program on the Dragon Lake property. The claims have been held by Eagle Plains since the mid-1990s and have seen exploration activity including drilling, trenching and limited ground geophysical work. The best trenching results to date include 6.0m grading 2.8g/t Au and 15.3m grading 1.2 g/t Au. 2010 work will be funded by EPL, with a portion of the expenditures to be offset by Yukon Mineral Incentive Program (YMIP) grants. Dragon Lake Project Summary

Sprogge (Au)

A $200,000 geological program is planned for 2010 on this project located in south-east Yukon. Work will include an airborne geophysical survey, geologic mapping and soil geochemical work. The claims have been held by EPL since the late 1990s and have seen sporadic exploration since their acquisition by EPL. Trenching carried out in 1997 returned gold values of 2.38 g/t over 22.5m and 4.24 g/t Au over 4.5m. Both of these targets remain untested by drilling. Work in 2010 will be funded by EPL, with a portion of the expenditures to be offset by YMIP grants. Sprogge Project Summary

Yukon Grassroots Exploration Programs

Eagle Plains has scheduled crews to carry out additional reconnaissance-style grassroots exploration work on various targets throughout the Yukon during 2010. This work will be funded by EPL, with a portion of the expenditures to be offset by YMIP grants.

For further details and regular updates on these and other Eagle Plains' mineral exploration projects, please visit our website here at www.eagleplains.com

About Eagle Plains

Eagle Plains continues to conduct research, acquire and explore metal projects throughout western Canada. In addition to holding mining royalties on various projects, Eagle Plains controls over 35 gold, base-metal and uranium projects, several with third parties including Excelsior Mining Corp (TSX:MIN.P), Sandstorm Resources Ltd. (TSX-V:SSL), Sandstorm Metals and Energy Ltd. (TSX-V:SND), Parkside Resources Inc., Waterloo Resources Ltd. (TSX-V:WAT.P), Prize Mining Corp. (TSX-V:PRZ), Windstorm Resources Inc., Heemskirk Canada Ltd., Touchdown Capital Inc. (TSX-V: TDW) and 99 Capital Corp. (TSX-V:WDG). In recent years, Eagle Plains has completed option agreements with Teck Limited (TSX:TCK.B), Alexco Resource Corp. (TSX-V:AXR), Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous other junior exploration companies, resulting in over 53,600m (163,370') of drilling and over $28.3 million in exploration spending on its projects since 1998.

Expenditures during 2008 and 2009 on Eagle Plains' projects were approximately $7,300,000, funded by Eagle Plains and third party partners. This work resulted in approximately 6,900m of drilling and extensive ground-based exploration work and facilitated the advancement of numerous projects at various stages of development.


This news release has been reviewed and approved by T.J. Termuende, P.Geo., hereby designated as a "Qualified Person" under National Instrument 43-101.

On behalf of the Board of Directors


Signed


"Tim J. Termuende"
President and CEO

 
For further information, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email:
mgl@eagleplains.com or visit our website at http://www.eagleplains.com

 

Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provided (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

 
For more information please contact Mike Labach
Suite 200, 16 - 11th Ave. S. Cranbrook, BC VIC 2P1   Ph: 866 486 8673   Fax: (250) 426-6899
Email:
info@eagleplains.com or visit our Website at www.eagleplains.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Eagle Plains Resources Ltd.

PRODUCER
CODE : EPL.V
ISIN : CA2699062022
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Eagle Plains Res. is a exploration company based in Canada.

Eagle Plains Res. produces gold in Canada, and holds various exploration projects in Canada.

Its main asset in production is YELLOWJACKET in Canada and its main exploration properties are BRONCO, BLACK DIAMOND, HOT PUNCH, IRON RANGE, AB, KARIN LAKE, KULYK LAKE, WILDHORSE, IRONMIKE, PELLY MOUNTAIN, PROSPERITY, MACKENZIE VALLEY ZINC, FINEX, ZNK, TITAN, DRAGON LAKE, EAGLE LAKE, ELSIAR (LCR), ICE RIVER, ACACIA, BOOTLEG, COYOTE CREEK, HALL LAKE (CRETIN), KOKANEE CREEK, NORTH FINDLAY, SOUTH FINDLAY, FINLAY GREENLAND CREEK, KALUM, RUSTY SPRINGS, GAYNA RIVER, BOHAN and K9 in Canada.

Eagle Plains Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 9.3 millions as of today (US$ 6.8 millions, € 6.3 millions).

Its stock quote reached its highest recent level on June 02, 2006 at CA$ 1.95, and its lowest recent point on January 08, 2016 at CA$ 0.05.

Eagle Plains Res. has 84 260 000 shares outstanding.

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Annual reports of Eagle Plains Resources Ltd.
2007 Annual Report
Project news of Eagle Plains Resources Ltd.
7/11/2011(Dragon Lake)/Olympic Commence Drilling Program at Dragon Lake Gold Proje...
5/23/2011(Iron Range)(angl) Conduct Geophysical and Geochemical Surveys on th
3/29/2011(Iron Range)Providence Resources/Eagle Plains Provide Analytical Results...
3/15/2011(Finlay Greenland Creek)and MMG Announce Letter of Intent on the Findlay Property
2/15/2011(Iron Range)/Providence Add Second Drill Rig to Iron Range Project and P...
2/1/2011(Ab)Enters into Agreement with Aben Resources on Two Yukon Prope...
2/1/2011(Hit)Enters into Agreement with Aben Resources on Two Yukon Prope...
2/1/2011(Sprogge)Enters into Agreement with Aben Resources on Two Yukon Prope...
8/19/2010(Yellowjacket)Completes 100% Acquisition of Yellowjacket Gold Project
8/12/2010(Kalum)/Windstorm Commence Drilling on Kalum High Grade Gold Projec...
7/12/2010(Karin Lake)/Slater Mining Execute Option Agreement on Karin Lake REE/Ur...
6/2/2010(Wildhorse)& Partners Launch Aggressive Exploration Season with Wildhor...
5/18/2010(Iron Range)/Providence Capital Execute Option Agreement on Iron Range P...
5/3/2010(Coyote Creek)/Heemskirk Advance
4/15/2010(Elsiar (lcr))Parkside Execute Option Agreement on Elsiar Copper-Gold Porp...
3/11/2010(Wildhorse)Excelsior Execute Option Agreement on Wildhorse Gold/Copper ...
2/16/2010Copper Canyon Stakes High-Grade Gold Property - Tintina Gold...
1/13/2010(Eagle Lake)Results of Eagle Lake Uranium Project
11/17/2009(Ice River)/Waterloo Complete 2009 Fieldwork on Ice River Rare-Earth-El...
11/6/2009(Sphinx)Complete Geophysical Survey, Commence Drill Program at Sphin...
11/4/2009/Windstorm Complete Fieldwork on Kalum Gold Property, New Hi...
10/7/2009(Yellowjacket)Prize Mining Pour Gold at Yellowjacket Project, Atlin, BC
9/16/2009(Eagle Lake)Commences Fieldwork on Eagle Lake Uranium Project
8/27/2009(Yellowjacket)Yellowjacket Mine Achieves Full Commercial Production, New G...
8/26/2009(Kalum)Commence Fieldwork on Kalum Gold Property
8/19/2009(Ice River)Waterloo Commence Fieldwork at Ice River Rare Earth (REE) Pr...
7/15/2009(Yellowjacket)Prize Mining Receive Small Mines Permit for Yellowjacket Gol...
6/4/2009(Yellowjacket)Yellowjacket Completes Mill Modifications, Commences Bulk-Sa...
6/2/2009(Iron Range)Commences 2009 Follow-up on Iron Range Gold Discovery
5/13/2009(Yellowjacket)Yellowjacket Gold Project Commences Operations, Atlin, BC
2/28/2009(Yellowjacket)/Prize Mining Execute Letter of Intent to Form Joint-Venture...
1/22/2009(Blende)/Blind Creek Release Results from 2008 Drilling Program at B...
12/15/2008Diamond Drilling Results Released from Kalum Gold Project
9/9/2008(Bohan)Diamond Drilling Commences on Eagle Plains' Bohan Project
8/1/2008(Blende)Commence Drilling Program at Blende Silver/Base-Metal Deposi...
6/27/2008(Eagle Lake)Announces Craig Bay Drill Results
2/15/2008(Blende) Results from Drilling Program at Blende Silver/Base-Metal D...
11/16/2007(Sphinx Claims (crawford Bay)) Reports Results from 2007 Drilling Program on Sphinx Molyb...
10/3/2007(Titan Claims)/XO Gold Complete Option Agreement for Titan Property, Explo...
8/23/2007(North Findlay)Commences Diamond Drilling Program On Findlay Base-Metal Pro...
7/19/2007Commences Diamond Drilling Program In Bronco Discovery Area
12/31/2005(Mcquesten)2005 Technical report
Corporate news of Eagle Plains Resources Ltd.
6/29/2016Eagle Plains Completes Geological Compilation at Fisher Gold...
6/20/2016Eagle Plains Commences Fieldwork at Iron Range
6/15/2016Eagle Plains Clarifies Fisher Project Land Holdings News Rel...
6/14/2016Eagle Plains Increases Fisher Project Land Holdings- Seabee/...
5/31/2016Eagle Plains Commences Fieldwork at Vulcan
4/12/2016Eagle Plains Completes Land Consolidation in Seabee Gold Min...
4/8/2015Wildhorse
12/10/2014Santa Fe/Eagle Plains Complete Heavy Mineral Concentrate Sam...
11/24/2014Eagle Plains Announces Stornoway Participation in Orchid Pro...
10/29/2014Eagle Plains Receives Cash, Share Payments and Additional Re...
3/7/2011NovaGold and Copper Canyon Agree to Plan of Arrangement Tran...
6/10/2010Offer to Purchase
6/1/2010Updated Resource Calculation
5/27/2010RB Milestone Group Invites Eagle Plains Resources Ltd. onto ...
3/5/2010Results from Drill Program
3/2/2010Copper Canyon Announces Financing
2/12/2010/Touchdown Capital Release Analytical Results from Drill Pro...
1/18/2010/99 Capital Release Results of Baska-Eldorado REE/Uranium Pr...
12/23/2009Closes $855,600 Financing
11/25/2009Financing
11/12/2009Copper Canyon/Bling Terminate Abo Letter of Intent
9/21/2009Visit Eagle Plains Resources at the 2009 Silver Summit Confe...
8/19/2009Closes $1,881,500 Financing
8/13/2009Increases Financing
7/22/2009Announces Financing
12/18/2008Copper Canyon and Egoli Gold Amend Abo Option Agreement
9/26/2008/Waterloo Execute Option Agreement for Ice River Rare Earth ...
6/19/2008Commences Summer Field Programs
5/7/2008 Amends Terms of Strategic Alliance
4/30/20082008 SaskRocks Conference
12/3/2007 Re-prices Recent Financing
6/20/2007Commences Systematic Exploration Program In Bronco Discovery...
5/28/2007CGC Inc to Commence Drilling on Eagle Plains' Coyote Creek P...
5/9/2007Acquires Yukon Zinc Projects
4/24/2007Commences 2007 Drilling Program on Sphinx Molybdenum Project
4/10/2007/Wellstar Execute Option Agreement on Kulyk Lake Uranium Pro...
3/16/2007Receives Recent Media Coverage
2/6/2007Signs Letter of Intent with Wellstar Energy on Saskatchewan ...
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