Latest news with #EaglePlains

Associated Press
15 hours ago
- Business
- Associated Press
Eagle Plains Highlights Intrusion Related Gold Potential at Dragon Lake Project, YT
CRANBROOK, BC / ACCESS Newswire / August 18, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ('EPL' or 'Eagle Plains') is pleased to provide an update on its 100% owned Dragon Lake gold project, located 85km northeast of Ross River, YT. The 893 ha Dragon Lake property is located within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska, including Snowline Gold's Valley deposit, located approximately 105 km to the northeast. Highlights See Dragon Lake Project Information and Map here Property Geology and Mineralization Mineralization on the property is associated with an elongate Tombstone Suite intrusive which has intruded sedimentary rocks of the Hyland Group. Contact metamorphism related to intrusion of the pluton has resulted in a distinct alteration halo which hosts known mineralization. Gold mineralization occurs in quartz veins hosted in altered intrusive and sedimentary rocks and associated with skarns along the intrusive contact zones. Property History The property was first staked in 1966 by Kennco Exploration, which completed geological and geophysical survey work. Canamax and Welcome North carried out additional surface work in 1983 and 1988, with the 1988 results including a 1m chip sample that returned 12.7g/t Au (Assessment Report 092731). Eagle Plains acquired the property in 1996 and has carried out geological mapping, soil geochemical sampling, trenching, geophysical surveys including IP/Resistivity, VLF/EM, and airborne EM/Mag, and 909m of diamond drilling in 10 holes, with the last work on the property in 2011. Eagle Plains Exploration Results Eagle Plains first carried out work on the Dragon Lake property in 1997 with a program of prospecting and hand trenching. The results were encouraging, including the discovery of two new gold showings and a chip sample from a hand trench that averaged 1.2 g/t Au over 15m (Assessment Report 093271). More recent work by Eagle Plains includes a 2010 program where continuous chip trench sampling in the East Showing area returned values from trace amounts up to 4.9 g/t gold over 6.0m, including 19 g/t Au over 1.0m, 6.7 g/t over 4.0m and 6.0m grading 2.8 g/t (Assessment Report 095257). A grab sample of material from a 1.2m wide quartz vein returned 19.8 g/t gold. Exploration pits dug in 2010 by Eagle Plains in areas of anomalous soil samples from past programs returned values from trace amounts up to 2.85 g/t gold and 2.25 g/t gold. The first diamond drilling on the property was completed by Eagle Plains in 1999 with DDH D99-01 returning 2.14 g/t Au over 10.2m from 49.3 to 59.5 m, and 3.7 g/t Au over 1.2m from 106.6 - 107.8m. (Assessment Report 094042). The mineralization was associated with skarn alteration along the intrusive contact. The 2011 diamond drilling returned values from trace amounts up to 11.54m grading 0.56g/t Au from 60.0 - 71.54m in DDH DR11004, including 3m grading 1.57g/t Au from 65.0 - 68.0m (Assessment Report 095467). The extent of known precious metal mineralization, and anomalous soil geochemistry forms a broad WNW trending zone measuring approximately 1.3 km in length and 0.35 km in width, and includes an area of coincident anomalous Au, Cu and Bi soil geochemistry roughly 400 m by 700 m in size. The gold mineralization appears in part to be controlled by north to northeast trending structures. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties. Qualified Person Technical information in this News Release has been reviewed and approved by C.C. Downie, a director and officer of Eagle Plains, hereby identified as the 'Qualified Person' under N.I. 43-101. About Eagle Plains Resources Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy. The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:"ER') was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada. On July 02, 2025, ER announced that it had entered into a definitive amalgamation agreement with Summit Royalty Corp. pursuant to which Summit will 'go-public' by way of a reverse takeover (RTO) of ER. Eagle Royalties shareholders will receive a consideration of $0.18 per ER share, representing a premium of 47% based on ER's closing price on June 30, 2025 on the Canadian Securities Exchange. Completion of the RTO is subject to a number of conditions, including, but not limited to, Exchange acceptance and required shareholder approvals of ER and Summit. There can be no assurance that the RTO will be completed as proposed or at all. On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ('OP') will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada. Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Expenditures from 2010-2024 on Eagle Plains-related projects exceed $39M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices. On behalf of the Board of Directors of Eagle Plains 'C.C. (Chuck) Downie, President and CEO For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673) Email: [email protected] or visit our website at Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (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. SOURCE: Eagle Plains Resources Ltd. press release
Yahoo
14-07-2025
- Business
- Yahoo
Earthwise Minerals Commences Fieldwork at the Iron Range Gold Project, British Columbia
VANCOUVER, BC / / July 14, 2025 / Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company") has mobilized exploration crews to commence 2025 fieldwork at the Iron Range Gold Project. Earthwise holds the exclusive option to acquire up to an 80% interest in the Iron Range Project from Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains"). The 21,437ha Iron Range Project is considered by management of both Eagle Plains and Earthwise to hold excellent potential for the presence of structurally controlled gold-silver mineralization, iron-oxide copper-gold ("IOCG") and Sullivan-style lead-zinc-silver sedimentary-exhalative ("sedex") mineralization. The property is owned 100% by Eagle Plains, with part of the property subject to an underlying 1.0% Net Smelter Royalty held by a third party. The 2025 fieldwork will be carried out in two phases, with the focus on detailed follow up of historic soil geochemical and till anomalies, and geophysical targets in the Talon Zone area, prospecting and mapping along structural splays of the Iron Range Fault, and evaluation of historical mineral occurrences. See Iron Range Project Map The first phase of fieldwork will target the Pyromorphite Zone (BC MinFile 082FSE141). Mineralization was discovered in 2009 after construction of logging roads exposed sheared and brecciated sediments hosting cm-scale quartz veins bearing pyromorphite (lead) mineralization. No significant work has been completed at the zone since its initial discovery by the previous tenure holder. Rock (grab) sample SK10-207 reports 27.0 g/t Au, 173.0 g/t Ag, and 13.4% Pb (BC Assessment Report 31659). Rock (grab) sample MK10-170 reports 54.7 g/t Au, 42.2 g/t Ag, and 2.8% Pb (BC Assessment Report 31659). 2025 fieldwork is planned to relocate the original sample locations and conduct surficial geochemical surveys and detailed geological mapping to better understand the structural controls on veining and further assess the distribution of the reported mineralization. Drilling at Iron Range in 2010 resulted in the discovery of the Talon Zone, where drill-hole IR10-010 intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1g/t gold, 1.86% lead, 2.1% Zinc, 75.3g/t silver and 7.1m grading 8.13g/t gold, 2.84% lead, 3.07% zinc, 86.6g/t silver (Eagle Plains news release December 21st, 2010). Previous drilling 10km north of the Talon Zone in 2008 by Eagle Plains intersected gold mineralization in drill-hole IR08006 which assayed 7.0m grading 51.52g/t (1.50 oz/ton) gold (Eagle Plains news release dated April 20th, 2009). Iron Range Option Agreement Details To exercise the Option, Earthwise must make a series of cash payments and share issuances to Eagle Plains and fund exploration expenditures on the Project. These payments, share issuance and expenditures are separated into two phases, with the first Option entitling the Company to acquire a 70% interest in the Project by paying CA$250,000, issuing an aggregate of 1,500,000 common shares to EPL and funding CA$4,000,000 in exploration expenditures on the Project by over a four-year term, including $200,000 in expenditures in 2025. Pursuant to the second phase of the Option, the Company may acquire an additional 10% interest in the Project (for an 80% total interest) by notifying Eagle Plains of its intent to increase its interest to 80% and making an additional one-time payment of CDN$ 1,000,000 cash, and completing a bankable feasibility study on the Property, before the eighth anniversary of the Option. If the First Option or the Second Option is exercised, a 2% smelter returns royalty will be granted to the Eagle Plains over the entire property, 1% of which may be repurchased for CA$1,500,000. Eagle Plains will serve as Operator under the terms of Option and will reserve the right to use TerraLogic Exploration Inc. as geoscience consultant. Following the exercise of either Option 1 or 2, Earthwise and Eagle Plains shall then form a 70/30 or 80/20 joint venture ("JV") to further explore and develop the Property. About the Iron Range Project Iron Range Project Summary The 21,437ha Iron Range Project located near Creston, BC, is owned 100% by Eagle Plains, subject to a 1% NSR held by a third party on a portion of the claim group. A well-developed transportation and power corridor transects the southern part of the property, including a high-pressure gas pipeline and a high-voltage hydro-electric line, both of which follow the CPR mainline and Highway 3. The rail line provides efficient access to the Teck smelter in Trail, B.C. The project is fully permitted with a Multi-Year Area Based (MYAB) permit in place issued by the BC Ministry of Mining and Critical Minerals that includes provisions for geophysical work, mechanical trenching, access trail construction and diamond drilling. The Iron Range property covers an extensive area approximately 10km x 32km which overlies the regional Iron Range Fault System ("IRFS"). Prior to the acquisition by Eagle Plains in 2001, the property had seen little systematic exploration for other than iron resources known to exist on the property since the late 1800s. Since 2001, Eagle Plains and its partners have completed 21,593m of diamond-drilling in 87 holes, collected 2482 line-km of airborne and surface geophysical data and analysed 10,053 soil geochemical samples, 495 rock samples and 6955 drill core samples. Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. Some of the above results were taken directly from MINFILE descriptions and assessment reports (ARIS) filed with the BC government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties. Qualified Person Charles C. Downie, a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release. About Earthwise Minerals Earthwise Minerals Corp. (CSE: WISE; FSE: 966) is a Canadian junior exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia near Creston, B.C. The Company holds an option to earn up to an 80% interest in the fully permitted project, which is road-accessible and situated within a prolific mineralized corridor. The property covers a 10 km x 32 km area along the Iron Range Fault System and hosts multiple high-grade gold showings and large-scale geophysical and geochemical anomalies. For more information, visit EARTHWISE MINERALS CORP.,ON BEHALF OF THE BOARD "Mark Luchinski" Contact Information: Mark LuchinskiChief Executive Officer, DirectorTelephone: (604) 506-6201Email: luch@ Forward Looking Statements This news release includes statements that constitute "forward-looking information" as defined under Canadian securities laws ("forward-looking statements") including, without limitation, statements respecting the Offering and the intended use of proceeds therefrom. Statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in its forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and actual outcomes may differ materially from those in forward-looking statements. Additional information regarding the various risks and uncertainties facing the Company are described in greater detail in the "Risk Factors" section of the Company's annual management's discussion and analysis and other continuous disclosure documents filed with the Canadian securities regulatory authorities which are available at The Company undertakes no obligation to update forward-looking information except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. For more information, please contact Mark Luchinski, Chief Executive Officer and Director, at luch@ or (604) 506-6201 SOURCE: Earthwise Minerals Corp. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Associated Press
03-07-2025
- Business
- Associated Press
Eagle Plains and Xcite Amend Uranium City Option Agreements
CRANBROOK, BC / ACCESS Newswire / July 3, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ('EPL' or 'Eagle Plains') and Xcite Resources Inc. (CSE:XRI) ('XRI', or 'Xcite') have entered into six amending agreements dated as of June 30, 2025 relating to XRI's Athabasca uranium property portfolio. The amending agreements have the effect of postponing the December 31, 2024 cash payments ($60,000 in aggregate) and work commitments ($300,000 in aggregate) under the agreements to September 30, 2025 (see EPL news release dated December 14, 2023). As consideration for entering into the amending agreements, Xcite will issue an aggregate of 150,000 XRI common shares to Eagle Plains. When issued, in accordance with applicable securities laws, the shares will be subject to a four month hold period. The six projects are included in an Exploration Agreement between EPL and the Ya'thi Néné Lands and Resource Office ('YNLR'), representing the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, and Fond du Lac, the Northern Hamlet of Stony Rapids, and the Northern Settlements of Uranium City, Wollaston Lake and Camsell Portage (see EPL NR November 26, 2024). The Agreement supports mineral exploration in Nuhenéné, the traditional territory of the Athabasca First Nations in Treaty 8 and Treaty 10 Territories, and recognizes Eagle Plains' commitment to building a mutually beneficial relationship with the Athabasca communities. Athabasca Basin History and Mineralization The Beaver River, Black Bay, Don Lake, Gulch, Larado, and Smitty projects are located in the Beaverlodge District near Uranium City in the Lake Athabasca region of Saskatchewan. Occurrences of uranium mineralization are abundant in the Uranium City area and have been explored and documented since the 1940s. The Beaverlodge camp was the first uranium producer in Canada, with historic production of approximately 70.25 million pounds of U3O8 between 1950-1982, from ore grades averaging 0.23% U3O8. The two largest producers were the Eldorado Beaverlodge (Ace-Fay-Verna) mine and the Gunnar uranium mine. The Beaverlodge area has seen limited uranium focused exploration since the early 1990's. Eagle Plains' management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties. Beaverlodge-style uranium deposits host structurally controlled, high grade mineralization in veins and breccia-fills within basement rocks. Mineralization often occurs at geological contacts and consists of structures filled with hematite, chlorite and graphite associated with pitchblende (an ore mineral of uranium). See Beaver River, Black Bay, Don Lake, Gulch, Larado, and Smitty Project Information and Maps Uranium City Area Project Summaries Beaver River (1455 ha) Black Bay (1114 ha) Don Lake (524 ha) Gulch (1996 ha) Larado (643 ha) Smitty (849 ha) Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. The above results were taken directly from the SMDI descriptions and assessment reports filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties. About Eagle Plains Resources Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy. The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:"ER') was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada. On July 02, 2025, ER announced that it had entered into a definitive amalgamation agreement with Summit Royalty Corp. pursuant to which Summit will 'go-public' by way of a reverse takeover (RTO) of ER. Eagle Royalties shareholders will receive a consideration of $0.18 per ER share, representing a premium of 47% based on ER's closing price on June 30, 2025 on the Canadian Securities Exchange. Completion of the RTO is subject to a number of conditions, including, but not limited to, Exchange acceptance and required shareholder approvals of ER and Summit. There can be no assurance that the RTO will be completed as proposed or at all. On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ('OP') will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada. Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Expenditures from 2010-2023 on Eagle Plains-related projects exceed $39M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices. On behalf of the Board of Directors of Eagle Plains 'C.C. (Chuck) Downie, President and CEO For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673) Email: [email protected] or visit our website at Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (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. SOURCE: Eagle Plains Resources Ltd. press release

Associated Press
30-06-2025
- Business
- Associated Press
Eagle Plains Partner Refined Energy Files 43-101 Report on Dufferin Project with Recommendations for Drill Program at Dufferin West Targets
CRANBROOK, BC / ACCESS Newswire / June 30, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ('EPL' or 'Eagle Plains') is pleased to announce that partner Refined Energy Corp (CSE:RUU)(OTC:RFMCF)(FRA:CWA0) ('Refined') has filed a National Instrument 43-101, Standards of Disclosure for Mineral Projects, technical report for the Dufferin Project in the Athabasca Basin. A drill program consisting of a minimum of four holes and 1,250 metres is recommended for the Dufferin West targets at a budget of $2,062,500. The technical report is available under Refined's Sedar+ profile. The highest priority target area (see figure below) is represented by a conductor associated with the interpreted trace of the Virgin River Shear Zone. It is a strong conductor associated with a distinct magnetic transition. This conductor is interpreted to extend from the unconformity at the sandstone contact well into the underlying basement rocks. The second conductor is also interpreted to extend from the unconformity to a lesser distance into the underlying basement rocks. Neither target has ever been drill tested and the depth of sandstone cover above the unconformity is estimated to be relatively shallow at less than 200m. Uranium deposits in the Athabasca Basin are often located at or underneath the unconformity contact between the overlying sandstone and the basement rocks. Mark Fields, Chief Executive Officer of the Company stated, 'It is exciting to be planning an initial drill program for Refined Energy in the Athabasca Basin, renowned for its history of exploration, discovery, and development of high value uranium mines. The Dufferin Project is located in proximity to NE-SW trending faults which are known to host uranium mineralization. An example approximately 18 km north of Dufferin West on the same Virgin River Shear Zone is Cameco's Centennial deposit where historic drill hole VR-031W3 intersected 8.78 per cent U3O8 over 33.9 metres (SMAF 74G12-0061)1. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca Basin.' See Dufferin West Uranium Target Compilation Map here Refined holds the exclusive option to acquire up to a 75% interest in the 10,140ha Dufferin Project, which is made up of the North and West Dufferin properties. See Dufferin West Property Information and Map here See Dufferin North Property Information and Map here The Dufferin Project is located on or in close proximity to the known trace of the Virgin River Shear Zone and related splays which are key structures for potential uranium mineralization. The Project is prospective for unconformity- and basement-hosted uranium mineralization in proximity to the Virgin River Shear Zone. Faulted basement contacts and brittlely reactivated structures are the primary locations for mineralization in the area covered by the Dufferin Project. The relatively high concentration of secondary uranium-bearing minerals demonstrated by prior exploration work on the Dufferin Project indicates uranium mineralization remobilization may play an important role in this region of the Athabasca Basin. Geophysical EM and magnetic anomalies demonstrated by prior exploration work on the Dufferin Project are supported by previous uranium and boron soil and lake sediment anomalies along the inferred fault zones, which are expected to aid in focusing future exploration programs. Some of the above results were taken directly from the SMDI descriptions and assessment reports (SMAF) filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work on the subject properties. Eagle Plains' management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties. References 1 Witt, Gary and Brown, A.G., (2010): Cameco Corporation Virgin River Project 2009 Annual Exploration Report; SMAF 74G12-0061 Dufferin Option Agreement Details To exercise the Option, Refined must make a series of cash payments and share issuances to Eagle Plains and fund exploration expenditures on the Project. These payments, share issuance and expenditures are separated into two phases, with the first Option entitling the Company to acquire a 60% interest in the Project by paying CA$275,000, issuing an aggregate of 1,000,000 post-consolidated common shares to EPL and funding CA$2,600,000 in exploration expenditures on the Project by December 31, 2026. Pursuant to the second phase of the Option, the Company may acquire an additional 15% interest in the Project (for a 75% total interest) by paying an additional CA$500,000, issuing an additional 500,000 post-consolidated Shares to EPL and funding an additional CA$3,000,000 in exploration expenditures on the Project by December 31, 2028. The Dufferin project is owned 100% by EPL, which has been appointed as Operator during the first Option period. If the First Option or the Second Option is exercised, a 2% smelter returns royalty will be granted to Eagle Plains, 1% of which may be repurchased for CA$2,000,000. Qualified Person Technical information in this News Release has been reviewed and approved by C.C. Downie, a director and officer of Eagle Plains, hereby identified as the 'Qualified Person' under N.I. 43-101. Update on Donna Property Option Eagle Plains reports that is has received formal notice from option partner Annacotty Resources Corp., a private BC company, that it has terminated its option on EPL's 100% owned Donna property located 70km east of Vernon, BC. The Donna Property is road-accessible and located within rocks of the prolific Quesnellia Terrane, host to many major B.C. porphyry deposits such as Highland Valley, Gibraltar, Mount Polley, Mount Milligan, Copper Mountain and others. Despite the rich endowment of mineralization in these rocks, the Donna area has seen relatively little exploration activity by industry or government. Placer gold claims overlie many of the creeks draining the Donna Property. The project area is considered to hold good potential to host intrusive-related gold mineralization. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Donna property. Since acquiring the property, Eagle Plains has carried out annual systematic exploration including airborne radiometric and magnetic surveys, prospecting, geological mapping, soil and silt geochemical sampling and 1152m (3779") of diamond drilling in 12 holes. The property boasts a robust GIS database consisting of rock, soil, silt, till, trench and drill-hole results within and adjacent the property area. In July, 2020, EPL completed the purchase of historical crown grants covering workings documented at the St. Paul and Morgan mines (BCMINFILE 082LSE010), which include shafts, tunnels, winzes and an unknown number of open cuts and trenches, as well as a tramline and stamp mill that operated in the early 1900's. See Donna Property Information and Map here About Eagle Plains Resources Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy. The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:"ER') was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada. On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ('OP') will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada. Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Expenditures from 2010-2023 on Eagle Plains-related projects exceed $39M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices. On behalf of the Board of Directors of Eagle Plains 'C.C. (Chuck) Downie, President and CEO For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673) Email: [email protected] or visit our website at Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (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. SOURCE: Eagle Plains Resources Ltd. press release

Associated Press
27-06-2025
- Business
- Associated Press
Eagle Plains Announces Application to Extend Warrant Expiry
CRANBROOK, BC / ACCESS Newswire / June 27, 2025 / Eagle Plains Resources Ltd. (TSX-V:EPL)(OTCQB:EGPLF) ('EPL' or 'Eagle Plains') has made application to the TSX Venture Exchange for approval and acceptance to amend the term of 3,785,529 outstanding common share purchase warrants which were issued in connection with a non-brokered private placement completed in July 2022, (see EPL news release dated July 11th, 2022, and July 25, 2024). The warrants have a current expiry date of July 11th, 2025. The share purchase warrants are subject to an accelerated expiry at the option of the Company if the published closing trade price of the common shares on the TSX Venture Exchange is greater than or equal to $.50 for any 20 consecutive trading days, in which event the holder may be given notice that the warrants will expire 30 days following the date of such notice. The common share purchase warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the common share purchase warrants. Eagle Plains has applied to extend the expiry date for an additional 12 months to a revised date of July 11th, 2026. The exercise price and acceleration clause of the warrants will remain unchanged, at 25 cents per warrant. About Eagle Plains Resources Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy. The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:"ER') was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada. On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ('OP') will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada. Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Expenditures from 2010-2023 on Eagle Plains-related projects exceed $39M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices. On behalf of the Board of Directors of Eagle Plains 'C.C. (Chuck) Downie, President and CEO For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673) Email: [email protected] or visit our website at Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (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. SOURCE: Eagle Plains Resources Ltd. press release