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E  A  G  L  E     P  L  A  I  N  S     R  E  S  O  U  R  C  E  S ,   L T D.

Suite 200, 16-11th Ave. S.

Cranbrook, Bc, Canada VIC2P1

TELEPHONE: 250.426.0749

 



Investor Relations

Mike Labach, Investor Relations Manager
TOLL FREE: 1.866. 486.8673  (HUNT ORE)


Eagle Plains Resources Ltd. (TSX-V:EPL): http://www.b-tv.com/i/videos/EaglePlains.wmv -- is a junior exploration company aggressively exploring for minerals in western Canada. The company currently controls over 35 gold, silver, uranium, copper, molybdenum, zinc and rare earth mineral projects.

Eagle Plains Resources Ltd. (EPL: TSX-V) is a junior exploration & mining company operating in western Canada.

Eagle Plains Resources primary objective is to enhance shareholder value through acquisition and development of early stage mineral exploration projects using our in-house geological and financial expertise.  The company currently controls over 35 gold, silver, uranium, copper, molybdenum, zinc and rare earth mineral projects.

Exploration

Since 1992, Eagle Plains Resources (EPL:TSX-V) has been aggressively acquiring and developing early stage mineral exploration projects in Western Canada. To develop these projects, we have assembled an expert in-house technical team of geologists, technicians and geographic information system specialists.  Seasonally we also contract geologists specializing in specific types of mineralization to assist with our field programs.  The company currently controls over 35 gold, silver, uranium and base-metal and rare earth mineral projects. 

With over 35 projects, EPL is considered a project generator and invites joint venture participation to expedite project development.  The joint venture model reduces shareholder exposure to the risk of exploration and enhances exposure to a discovery.  With our in-house staff we are able to technically assist our joint venture partners. 

Creating Shareholder Value

To create shareholder value when a discovery is made, EPL may spin-off the project into a new corporate entity.  This spotlights the projects value, creates value with new shares and makes it available for acquisition by a producing company.  An example of this is Copper Canyon Resources (CPY : TSX-V).  This spin-off was conducted through a "Plan of Arrangement" and resulted in a one-for-one share distribution.

 


RECENT COMPANY NEWS EPL.V / U.S. EPLFF.PK:

 

 

February 1, 2011

Eagle Plains Enters into Agreement with Aben Resources on Two
Yukon  Properties and Northwest Territories Permits
 

CRANBROOK, British Columbia, Feb 01, 2011 (BUSINESS WIRE)

Eagle Plaines Resources Ltd. (EPL:TSX-V) and Aben Resources Ltd. (TSX-V:ABN) (formerly
Consolidated Abaddon Resources Inc.) have entered into an Acquisition Agreement
whereby Aben will acquire a 100% interest in two non-contiguous mineral
exploration properties known as the Hit and Justin (Sprogge) projects, covering
approximately 2,130 hectares located in the eastern Yukon Territory (the "Yukon
Claims").

Pursuant to the terms of the Acquisition Agreement, Aben Resources has also
acquired a proprietary database owned by Eagle Plains and the right to certain
potential prospecting permits in the Mackenzie Mountain area of the Northwest
Territories (the "Permits"). The Permits are subject to an approval process and,
if approved, Aben will be granted the exclusive right to stake claims in the
Permit areas for up to a period of three years.

Upon receipt of acceptance of the Acquisition Agreement by the TSX Venture
Exchange, Aben Resources will issue a total of 5,000,000 common shares to Eagle
Plains. Aben will also make a cash payment of approximately $150,000 to
reimburse Eagle Plains for the Northwest Territories permitting costs. The
approximately $150,000 will be paid upon receipt of confirmation that the
Permits have been granted and duly registered in the name of Aben Resources.

The Yukon Claims and any property to be acquired by staking in the Permit areas
shall be subject to a three percent (3%) net smelter return royalty ("NSR") in
favour of Eagle Plains. Aben Resources has been granted a right to purchase a 2%
NSR at any time prior to commencement of commercial production for the
consideration of $2,000,000 (the "Buy Down Option").

The Justin (Sprogge) Gold Property

The Justin (Sprogge) gold property is located in east-central Yukon Territory
about 35 kilometres south of the recently re-opened Cantung Mine. The property
consists of 25 claims and is host to numerous styles of intrusive and
sediment-hosted gold mineralization located within three main bulk-tonnage
target areas. The drill-ready property has the potential to host both high-grade
and bulk-tonnage gold mineralization. Historical grab samples from the property
reported up to 59.25 g/t Au, in addition to historical chip samples returning an
average of 2.38 g/t Au over 22.5 metres. Numerous targets on the property remain
to be tested with further exploration planned, including trenching and diamond
drilling.

The Hit Gold Property

The Hit gold property is located in central Yukon Territory, 27 kilometres
north-northeast of MacMillan Pass. The project targets skarn/replacement gold
mineralization associated with Tombstone-Suite intrusives and surrounding
carbonate-rich sediments. Property highlights include intrusive-related gold
mineralization which returned an average of 7.85 g/t Au over 7.0 metres in
trenches.

The above transactions are subject to the acceptance of the TSX Venture
Exchange.

About Eagle Plains Resources

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), Providence Capital Corp., Waterloo Resources Ltd. (TSX-V:WAT.P),
Windstorm Resources Inc., 0802906BC Ltd. (a private B.C. company); Heemskirk
Canada Ltd., Touchdown Capital Inc. (TSX-V: TDW), Active Growth Capital
(TSX-V:ACK) 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 57,100m (187,288') of drilling and over $31.5 million in exploration
spending on its projects since 1998.

Expenditures during 2010 on Eagle Plains' projects were approximately
$3,240,000, funded by Eagle Plains and third party partners. This work resulted
in approximately 3,580m of drilling and extensive ground-based exploration work
and facilitated the advancement of numerous projects at various stages of
development.

Signed,

"Tim J. Termuende" President and CEO

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.



CONTACT:
Eagle Plains Resources Ltd.
Mike Labach, 1-866-HUNT-ORE (486-8673)
mgl@eagleplains.com
http://www.eagleplains.com


 

 

###

January 6, 2011:

Eagle Plains Provides Analytical Results from Reverse
Circulation Drill Program at Yellowjacket Project, Northwestern BC

      

 Cranbrook, British Columbia CANADA, Jan 06, 2011 (Filing Services Canada via COMTEX)   Eagle Plains Resources Ltd. (EPL - TSX Venture)(EGPLF - OTCBB_Pink_Sheets), has received complete analytical results for the 2010 reverse   circulation drill program at the Yellowjacket project.  In the fall of 2010, Eagle Plains conducted a 64-hole  drill program at the Yellowjacket property using a reverse circulation ("RC") drill  rig.A total of 2181meters  in 64 holes was completed over a 30 day period. The drilling consisted of a series of shallow,  closely spaced  angle holes designed to delineate mineralization and structural controls and to test an area designated for the next open pit mining phase.      RC Drill Highlights:    * L100E-60B:    * 10.19-16.28m : 6.09m @ 26.8 g/t Au    * Including 13.23-15.27m: 2.04m @ 78.71g/t Au    * Also Including 14.25-15.27m: 1.02m @ 138.26g  L077E-48A:    * 27.68-38.85m : 11.17m @ 5.83g/t Au    * Including 27.68-29.71m: 2.03m @ 6.02g/t Au    *  Also Including 27.68-28.69m: 1.01m @ 10.53g/t Au    * Including 36.82-38.85m: 2.03m @ 25.12g/t Au    * Also Including 37.84-38.85m: 1.01m @ 46.63g/t Au    * L076E-18A:   * 8.07-16.81m : 8.74m @ 7.73 g/t Au    * Including 12.75-14.78m: 2.03m @ 30.48g/t Au    *intervals interpreted to approximate true thickness      Detailed Description of Drilling      The 2010 drill program targeted an area directly east of the 2009 pit extension.    The tight-spaced drill grid was designed to test the projected pit to a bedrock depth of 25 meters.   The data from the program will be used to build geologic models for pit design and grade control.   The area of the Pine Creek fault zone that was drilled defined a wedge-shaped package of volcanics   andesites and lamprophyres) sandwiched within carbonate-altered ultramafics, and bounded below   by a major fault zone.    Two main gold bearing zones were identified. Gold mineralization is associated with quartz stockwork and intense Fe-carbonate alteration within the ultramafic rocks  and within quartz-stockwork associated with silicified and pyritic volcanic rocks.     Chuck Downie, P.Geo VP Exploration states that "we are encouraged by the presence of two relatively continuous, near surface mineralized gold zones within the area of the next pit. The tight-spaced drilling will give us a very detailed geologic model which will greatly enhance the effectiveness of grade control during our mining operation".       -------------------------------------------------------------------------    Table of Selected 2010 Drill Results   -------------------------------------------------------------------------   HoleOrderFrom_MTo_MIntersection  Number   -------------------------------------------------------------------------   L064E-42A 25.64 28.693.05m at 21.24g/t Au   -------------------------------------------------------------------------   L064E-42A Including 26.66 27.681.02m at 48.21g/t Au   -------------------------------------------------------------------------   L066E-24A 21.38 24.423.04m at 10.39g/t Au   -------------------------------------------------------------------------   33.57 34.58 1.01m at 5.69g/t Au   -------------------------------------------------------------------------   L070E-24A 25.64 26.66 1.02m at 7.44g/t Au   -------------------------------------------------------------------------   L070E-30A 20.8729 8.13m at 4.91g/t Au   -------------------------------------------------------------------------   Including 27.9829 1.02m at 31.4g/t Au   -------------------------------------------------------------------------   L073E-54A 31.3932.4 1.01m at 3.33g/t Au   -------------------------------------------------------------------------   L076E-18A8.07 16.81 8.74m at 7.73g/t Au   -------------------------------------------------------------------------   Including 12.75 14.782.03m at 30.48g/t Au   -------------------------------------------------------------------------   L076E-24A 18.84 20.87 2.03m at 5.79g/t Au   -------------------------------------------------------------------------   L076E-54A 41.69 42.71 1.02m at 5.22g/t Au   -------------------------------------------------------------------------   L077E-42A 33.63 36.67 3.04m at 3.74g/t Au   -------------------------------------------------------------------------   L077E-48A 27.68 38.8511.17m at 5.83g/t Au   -------------------------------------------------------------------------   Including 27.68 29.71 2.03m at 6.02g/t Au   -------------------------------------------------------------------------    Also Including 27.68 28.691.01m at 10.53g/t Au   -------------------------------------------------------------------------   Including 36.82 38.852.03m at 25.12g/t Au   -------------------------------------------------------------------------    Also Including 37.84 38.851.01m at 46.63g/t Au   -------------------------------------------------------------------------   L082E-30A 20.42 21.441.02m at 10.26g/t Au   -------------------------------------------------------------------------   L082E-36A 23.26 25.292.03m at 4.2g/t Au   -------------------------------------------------------------------------   L088E-18A 12.23 13.25 1.02m at 3.22g/t Au   -------------------------------------------------------------------------   L088E-30A 18.79 19.81 1.02m at 3.01g/t Au   -------------------------------------------------------------------------   L088E-42A 22.29 23.31 1.02m at 6.58g/t Au   -------------------------------------------------------------------------   L088E-64A 8.19.11 1.01m at 3.48g/t Au   -------------------------------------------------------------------------   30.45 31.46 1.01m at 2.89g/t Au   -------------------------------------------------------------------------   L088E-64B5.92 13.03 7.11m at 2.25g/t Au   -------------------------------------------------------------------------   Including6.937.95 1.02m at 8.42g/t Au   -------------------------------------------------------------------------   L094E-24A 12.29 13.31 1.02m at 3.25g/t Au   -------------------------------------------------------------------------   L094E-30A 14.53 15.54 1.01m at 9.45g/t Au   -------------------------------------------------------------------------   L094E-36A 10.1911.2 1.01m at 11.8g/t Au   -------------------------------------------------------------------------   L100E-24A8.33 10.362.03m at 12.11g/t Au   -------------------------------------------------------------------------   L100E-48A 17.63 22.71 5.08m at 3.05g/t Au   -------------------------------------------------------------------------   Including 18.64 19.66 1.02m at 7.74g/t Au   -------------------------------------------------------------------------   L100E-60B 10.19 16.28 6.09m at 26.8g/t Au   -------------------------------------------------------------------------   Including 13.23 15.272.04m at 78.71g/t Au   -------------------------------------------------------------------------    Also Including 14.25 15.27 1.02m at 138.26g/t Au   -------------------------------------------------------------------------   L106E-56A 11.14 12.161.02m at 8.8g/t Au  -------------------------------------------------------------------------    The drilling was oriented perpendicular to the known structural trends and it is believed that most of the drill intercepts represent true widths of the mineralized zones.  A detailed history of the project, including complete 2010 drill results and locations, and a photo-gallery may be found at http://www.eagleplains.com/projects/bc/yellowjacket/index.asp  Analytical Details and QAQC  Sampling started at the surface with the overlying placer material and the bedrock / placer interface sampled separately from the bedrock. Bedrock cuttings were sampled continuously over 1.016m intervals.In total, 1590 bedrock samples and 171 placer material samples were sent to Stewart Group of Kamloops, BC, an ISO17025 accredited analytical facility,for Au-4 500g Screen Metallic Assay.  QAQC: External QAQC samples, consisting of blanks, Au standards, and sample duplicates, were routinely introduced into the sample chain of custody. A total of 188 check samples were also sent to ALS-Chemex of Vancouver, BC for check analysis via 500g Screen Metallic Assay. Statistical analysis of the QAQC and check data for Au data was completed and the results are consistent with all analytic procedures completed by Stuart Group being well within acceptable parameters.  Geological exploration contracting services on the Yellowjacket property during 2010 were provided by TerraLogic Exploration of Cranbrook, B.C., (a wholly-owned subsidiary of Eagle Plains), Merlin Geosciences Inc. of Atlin, BC and the Atlin Tlingit Development Corporation. Reverse circulation drilling was contracted to Northspan Exploration of Kelowna, B.C.  Overall project supervision was done by C.C. Downie, P.Geo., hereby designated as a qualified person under National Instrument 43-101 and who also reviewed and approved technical aspects of this news release.  Yellowjacket Project Summary  The Yellowjacket Project is located 9 km east of Atlin, BC and is accessed by all-season road. Hydro-electric power is located within 5km of property boundaries. The project received a B.C. Mines Act permit in July, 2009 for an open pit gold mine and onsite 400 ton per day mill and concentrator, processing up to 75,000 tons per year. The Permit contemplates a 7-9 year mine life from a series of open pits entirely within an area of disturbed placer workings. Since the recent completion of the buy-out from Prize, Eagle Plains owns a 100% interest in both mineral (hard-rock) and placer rights within the project area. (see EPL news release August 19th, 2010). In October 2009, Eagle Plains and Prize announced the formal ratification of an Impact and Benefits Agreement with the Taku River Tlingit First Nation.  The property is known to host significant gold mineralization. Gold is erratically distributed throughout the Yellowjacket structural zone such that accurate exploration and economic assessment of the property is challenged by a pronounced "nugget effect".  Project History  In 1983, local area prospectors staked the area of the Yellowjacket Property and then optioned portions of the property to Canova Resources and Tri-Pacific Resources. During 1984 and 1985 these companies conducted programs of ground geophysics, rotary, and diamond drilling. In 1986 Homestake Mineral Development Company optioned the property from Canova and initiated programs of mapping, reverse circulation drilling and diamond drilling.  In 1988, Homestake completed a ground geophysical program which consisted of 5.5 kilometres of magnetic and VLF-EM surveys. By 1988, Homestake Mining Company outlined the Yellowjacket Zone, a mineralized area containing significant gold intercepts over 2 kilometres by drilling 58 diamond drill holes to depths up to 183m of which gold was intercepted to 140m depth.  As a result of this work, Homestake estimated an historical resource estimate of 453,500 tonnes grading 10.26 grams per tonne gold (BC Dept Mines Open File 2000-2 page 41). (These are historical figures and do not currently comply with NI 43-101, though they are considered by management to be relevant and form a basis for future exploration of the Property)  Muskox Minerals Corp. (renamed Prize Mining Corporation) optioned the property in late 2003 and began exploration in December of that same year to further outline the extent, nature, grade and geometry of gold mineralization at the Yellowjacket Zone. 41 holes were drilled in 2003-2004, thirteen of which encountered coarse gold that yielded assay intercepts similar to those obtained by Homestake. Muskox reported significant gold intersections (among others) of up to:*   80.3 grams per tonne over 38.94 meters including 513.5 grams per tonne over 5.56 metres in drill hole YJ03-01   80.5 grams per tonne over 30.83 meters including 2397 grams per tonne over 0.91 meters in drill hole TW05-02, a twin hole to YJ03-10   40.10 grams per tonne over 6.10 metres in drill hole YJ04-07   142.40 grams per tonne over 1.0 metres in drill hole YJ04-20   156.95 grams per tonne over 0.5 metres in drill hole YJ04-22  (*press releases, November 15, 2004 and February 03, 2005)  In 2004, Canamera Geoscience Corp. under contract to Muskox conducted an airborne geophysical survey over the Property. A total of 820 line kilometres of airborne survey were flown by helicopter, using 50 metre spaced flight lines.  In 2005, Muskox/Prize performed a 50km magnetic survey which delineated three zones: Yellowjacket, Rock of Ages and Gold Run. Six holes were drilled in the Yellowjacket Zone and 1.5 kilometres to the southwest, three holes were drilled in the Rock of Ages Zone, for a total of 895 metres.  In 2006, Muskox/Prize commenced an exploration bulk sampling program, which included diversion of Pine Creek, overburden/placer tailings excavation, construction of a 400 ton-per-day milling facility, bedrock mapping and channel sampling, bedrock excavation and processing. In 2007, Prize reported production of 6.43 kilograms (206.9 ounces) of gold produced from sluicing the placer-bedrock interface material excavated during bulk sample excavation. In 2008, Prize processed 4200 tonnes of material. Of this material, 2880 tonnes were considered to be taken from the main mineralized zone and returned gold bars totaling 18.63 kilograms (599 ounces). About 800 kilograms of low grade gold concentrates from 2008 remain and are estimated to contain approximately 1.5 kilograms (50 ounces) of gold. These gold volumes back-calculate, using a formula that allows for smelting and processing plant recoveries, to a head grade of approximately 9 g/t gold.  In 2009, Eagle Plains and Prize contracted Barry Price, P.Geo. and Linda Dandy, P.Geo. to complete a 43-101 compliant technical report which summarize development of the property to date. The report identifies that "Based on the results of the exploration and development conducted to date on the Property, the authors conclude that the Yellowjacket Gold Zone represents a legitimate development target with the potential to host an economically feasible mineral deposit. Such potential is not quantifiable and can only be verified by additional exploration and development work."  About Eagle Plains Resources  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), Drexel Capital Corp (TSX-V:DX.P), Sandstorm Resources Ltd. (TSX-V:SSL), Sandstorm Metals and Energy Ltd. (TSX-V:SND), Providence Capital Corp., Waterloo Resources Ltd. (TSX-V:WAT.P), Windstorm Resources Inc., 0802906BC Ltd. (a private B.C. company); Heemskirk Canada Ltd., Touchdown Capital Inc. (TSX-V: TDW), Active Growth Capital (TSX-V:ACK) 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.  Signed,  "C.C. (Chuck) Downie"  VP Exploration  For further information on EPL, 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 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. (TSX-V: EPL) http://www.eagleplains.ca  Maximum News Dissemination by Filing Services Canada Inc. *  www.usetdas.com    URL:              http://www.useTDAS.com   

 

DEC. 10, 2010:

Eagle Plains Grants Incentive Options to Directors, Employees, Contractors

Cranbrook, British Columbia CANADA, Dec 10, 2010 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture)(EGPLF -
OTCBB_Pink_Sheets), has granted incentive stock options to directors and
employees of the company for the purchase of a total of 1,890,000 shares at the
exercise price of $1.00 per share, expiring December 10th, 2015.

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

 

DEC 1, 2010:

Eagle Plains/Providence Capital Provide Update on Drill Program at Iron Range Project, Southeastern BC


Cranbrook, British Columbia CANADA, Dec 01, 2010 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture)(EGPLF -
OTCBB_Pink_Sheets), and Providence Capital Corp. (TSX-V:PV)have now completed
ten diamond drill holes for a total footage of 10,945 feet (3,337m). Drilling
activity has been suspended pending receipt of analytical results, but is
expected to resume following the Christmas holidays. The partners continue to
test the stratigraphic interval known to host the Sullivan deposit, located 70km
to the north. Current work is targeting both precious metal and base metal
mineralization and is funded by Providence Capital under terms of an option
agreement.

The partners are encouraged by observations made to date of existing
drill-cores.Hole IR10-05 encountered wide, intermittent intervals from surface
to a depth of 278m containing breccia textures and intensive silica and albite
alteration. Associated sulphide mineralization includes iron sulfides and
arsenopyrite (a mineral often associated with gold). Intervals 148.0m to 163.0m
(15.0m) and 270.0m to 278.0m (8.0m) were particularly enriched with lead-zinc
sulphide mineralization. Hole IR10-07 returned similarly altered and mineralized
material from 142.0m to 155.0m.Hole IR10-10 hosted the most intensely-altered
and mineralized material, with semi-massive to massive sulphide mineralization
including galena (lead) and sphalerite (zinc) reported over two intervals from
191.0m to 202.0m and from 276.0m to 279.0m. The lower massive sulphide interval
is overlain by a 55m zone of disseminated to net-textured mineralization within
intensely altered rock. The base of the lowermost massive sulphide appears to be
truncated by a fault. Significant in the lower interval was the location of the
massive sulphide mineralization, which is interpreted to be at or near the
Lower-Middle Aldridge contact, the stratigraphic horizon which hosts the
Sullivan deposit. The hole was terminated in rocks interpreted to be of the
Lower Aldridge Formation.

A portion of the altered material from Hole IR10-05 was sent for rush assay
analysis in order to confirm the presence of suspected gold mineralization. The
interval from 62.5m-89.5m returned 0.64 g/t over 27m, including:

* 74.5m to 78.5m: 1.49 g/t gold and 22.5 g/t silver over 4.0m

* 86.5m to 87.5m: 6.05 g/t gold and 33.9 g/t silver over 1.0m

The interval from 144.0m to 163.0m returned .84g/t gold over 19.0m, including

* 148.0m to 155.0m: 1.80 g/t gold and 15.7 g/t silver over 7.0m, including 3.17
g/t gold and 22.9 g/t silver over 3.0m

Widths of altered and mineralized intervals are apparent thicknesses only. True
thicknesses will be established with the completion of additional drilling.

Drilling by Eagle Plains on the property in 2008 intersected gold mineralization
including drill hole IR08006, which returned 7.0m grading 51.52 g/t (1.50
oz/ton) gold from 20.0m to 27.0m (see EPL news release dated April 20th, 2009).
DDH IR05-03, drilled in 2005, was collared 175m away from DDH IR10-10 and
returned values of 3.82 g/t Au and 46g/t Ag over a 2 m interval (see EPL NR June
13, 2005). The mineralization encountered in this hole was associated with a
silicified, veined and altered breccia unit with associated galena, sphalerite
and arsenopyrite, and appears to be similar to material observed in the current
drill-holes as described above.

Additional staff have been added to the project crew to assist in core-logging
and sampling operations. Analytical results will be forthcoming as they are
received, compiled and interpreted.

The Iron Range project is owned 100% by Eagle Plains and holds no underlying
royalties or encumbrances. Providence holds the option to earn a 60% interest in
the Property by spending $3,000,000 on exploration, making $500,000 in cash
payments and issuing 1,000,000 shares to EPL over 4 years. As announced on
November 2nd, an additional 35,800 ha of claims were added to the existing land
package, resulting in a total of 56,200 ha - an area approximately 11km x 50km.

Iron Range Project Summary

The Iron Range property consists of 56,200 hectares. The claims are
well-situated with respect to infrastructure with a high-pressure gas pipeline,
high-voltage hydroelectric line, railway and major highway all located within
property boundaries.

The Iron Mountain structure has been mapped with widths of up to 150m and a
strike length of over 50km.Claims held by Eagle Plains cover over 30km of the
structure, with significant iron-oxide mineralization occurring over 15km.Copper
and gold mineralization have been discovered along the structure, highlighting
the potential for iron-oxide copper-gold ("IOCG") mineralized systems associated
with the structure.The claims also overlie rocks of the Aldridge Formation,
including the same stratigraphic time horizon which hosts the world-class
Sullivan Deposit located 70km to the northeast.Over its 100 year lifetime,
Sullivan produced approximately 150,000,000 tonnes of ore including 300,000,000
ounces of silver, 8,000,000 tonnes of zinc and 8,000,000 tonnes of lead,
collectively worth over $25 billion at current metal prices.The parties caution
that past results or discoveries on proximate land are not necessarily
indicative of the results that may be achieved on the Iron Range property.

A map outlining pertinent details of the property may be found at:


http://www.eagleplains.ca/projects/bc/ironrange/documents/iron_range_compilation_map.pdf

Property History

The Iron Range deposits were originally staked in 1897 and were covered by Crown
Grants held by Cominco Ltd. and the Canadian Pacific Railway.Past work on the
Iron Range deposits by Cominco focused on the considerable iron oxide resource
with trenching and very shallow (20m depth) diamond drilling along the Iron
Range Mountain ridge.Eagle Plains staked the current claims immediately after
the Crown Grants reverted in 2000 and have been exploring the property since
then. Exploration work to date includes geological mapping, geochemical surveys,
diamond drilling and a 690 line-km airborne geophysical survey.

Drill programs were carried out by Eagle Plains in 2005 and 2008. Swift
Resources optioned the property in late 2009 and completed a total of 580 m of
drilling in 7 holes. One hole was drilled in close proximity to IR 08006 and
returned 1.0m grading 7.53 g/t gold. (see EPL news release dated March 5th,
2010). Swift subsequently relinquished their option on the property.

Fieldwork completed on the Iron Range property during 2010 is being carried out
under the supervision of geologist J.K. Ryley. C.C. Downie, P.Geo. is hereby
identified as the overall project supervisor. Technical aspects of this news
release have been reviewed and approved by T.J. Termuende, P.Geo., hereby
designated as a qualified person under National Instrument 43-101.

About Providence Capital

Providence Capital Corp. is a junior mining exploration company focused on
delivering shareholder value through project acquisition and
development.Currently the company is focused on its Iron Range Project in
British Colombia, Canada.

About Eagle Plains Resources

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), Providence Capital Corp., Waterloo Resources Ltd. (TSX-V:WAT.P),
Windstorm Resources Inc., 0802906BC Ltd. (a private B.C. company); 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.

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 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. (TSX-V: EPL) http://www.eagleplains.ca

Maximum News Dissemination by Filing Services Canada Inc. *

www.usetdas.com



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Moderating this iHub board is a volunteer effort. No compensation is provided.

Disclaimer: This board is not sanctioned by, or approved by Eagle Plaines Resources, Ltd. All information posted is gathered from sources believed to be reliable, but no guarantee is offered as to its completeness or accuracy. All opinions posted are the opinions of the authors, and are not to be relied upon as a substitute for Due Diligence. No investment advice is being offered or inferred by participants on this board, or this boards hosting company.

 

 

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TSXV:EPL News: Rockridge Resources Secures Option to Acquire 100% of the Knife Lake Copper VMS Project in Saskatchewan and Announces Financi... 11/01/2018 04:00:00 PM
TSXV:EPL News: Aben Interprets Data from 2017 Geophysical Survey to Outline Targets for Upcoming Drill Program at Chico Gold Project, Saskat... 01/16/2018 08:00:00 AM
TSXV:EPL News: Aben Interprets Data from 2017 Geophysical Survey to Outline Targets for Upcoming Drill Program at Chico Gold Project, Saskat... 01/15/2018 08:00:00 AM
TSXV:EPL News: Aben Makes Cash and Share Option Payments to Eagle Plains, Plans Winter Drill Program at Chico Gold Project in Saskatchewan 01/11/2018 08:00:00 AM
TSXV:EPL News: Aben Increases Land Holdings at Chico Gold Project in Saskatchewan, Drill Program to Begin Feb. 2018 12/11/2017 08:00:00 AM
PostSubject
#78   ===Eagle Plains Resources ("Eagle Plains") staked the current scstocks 03/15/12 06:16:24 PM
#77   News for 'EPL.V/EGPLF' - Providence Completes Earn-In on btrain 03/12/12 12:51:31 PM
#76   Feb 21, 2012 - News for 'EPL.V/EGPLF' - btrain 02/21/12 12:19:11 PM
#75   Feb 14, 2012 -News for 'EPL.V/EGPLF' - Eagle btrain 02/14/12 02:03:26 PM
#74   The Proof’s In The Porphyry canucklehead80 02/13/12 05:15:23 PM
#73   Feb 3, 2012 - News for 'EPL/EGPLF' Eagle btrain 02/03/12 04:32:39 PM
#72   Feb 2, 2012 News for 'EPL.V/EGPLF' - Eagle btrain 02/02/12 01:18:38 PM
#71   Jan 31, 2012 News for 'EPL.V/EGPLF' - Eagle btrain 01/31/12 12:20:43 PM
#70   Jan 19, 2012 News for 'EPL.V/EGPLF' - Eagle btrain 01/19/12 06:27:41 PM
#69   Jan 17, 2012 News for 'EPL.V/EGPLF' - Eagle btrain 01/17/12 01:04:00 PM
#68   Wed., Jan 4, 2012 News for 'EPL.V/EGPLF' Eagle btrain 01/04/12 08:30:23 AM
#67   Dec 22, 2011 News for 'EPL.V/EGPLF' - Aben btrain 12/23/11 08:29:45 AM
#66   Dec 21, 2011 News for 'EPL.V/EGPLF' Eagle Plains/Navy btrain 12/22/11 01:53:20 PM
#65   EPL/EGPLF NEWS: Yellowjacket Resources Spinout Approved btrain 12/21/11 01:36:46 PM
#64   Mon. 12/19/2011-News for 'EPL.V/EGPLF' - Eagle Plains/ Partners btrain 12/19/11 02:15:42 PM
#63   Thurs. Dec 15, 2011 - News for 'EPL.V/EGPLF' btrain 12/15/11 03:43:06 PM
#62   EaglePlains is spinning off Their Yellow btrain 12/06/11 01:39:08 PM
#61   Tuesday, November 22, 2011 News for EPL.V/'EGPLF' - btrain 11/22/11 11:44:03 AM
#60   Nov. 1, 2011 - NEWS Gold Royalties Corporation btrain 11/01/11 09:15:30 AM
#59   Nov 1, 2011 - Eagle Plains and Gold btrain 11/01/11 09:12:26 AM
#58   Thurs. Sept 29, 2011 - News for 'EPL.V/EGPLF' btrain 09/29/11 11:54:41 AM
#57   Tuesday, Sept. 27, 2011 - News for 'EPL.V/EGPLF' btrain 09/27/11 08:22:53 PM
#56   Monday, Sept. 26, 2011 - News for 'EPL.V/EGPLF' btrain 09/26/11 12:11:00 PM
#55   Sept. 16, 2011 News for 'EPL.V/EGPLF' - Eagle btrain 09/16/11 03:29:11 PM
#54   Sept. 14, 2011 News for 'EPL.V/EGPLF' - Providence btrain 09/14/11 04:29:55 PM
#53   Sept. 9, 2011 News for 'EPL.V/EGPLF' - Eagle btrain 09/09/11 01:38:39 PM
#52   Sept. 2, 2011 News for 'EPL.V/EGPLF' - Turnberry btrain 09/02/11 09:01:32 AM
#51   August 11, 2011 News for 'EPL.V/EGPLF' - Eagle btrain 08/11/11 11:39:25 AM
#50   August 9, 2011 - News for 'EPL.V/EGPLF' - btrain 08/09/11 05:25:07 PM
#49   Aug 4, 2011 News for 'EPL.V/EGPLF' - Eagle btrain 08/04/11 05:09:10 PM
#48   July 19, 2011 News for 'EPL.V/EGPLF' - Eagle btrain 07/19/11 11:57:57 AM
#47   July 6, 2011 News for EPL.V/'EGPLF' - Eagle btrain 07/06/11 02:00:45 PM
#46   June 27, 2011 News for EPL.V/EGPLF - Eagle btrain 06/28/11 09:13:05 AM
#45   June 21, 2011 News - EcoMax Announces Changes btrain 06/21/11 09:29:14 AM
#44   June 21 News - Eagle Plains/Ecomax Enter Into btrain 06/21/11 09:24:03 AM
#43   News - 5/19/2011: Providence Resources/Eagle Plains Resources Conduct btrain 05/19/11 01:18:27 PM
#42   5/12/2011-News EPL.V/EGPLF.PK News for 'EGPLF' - Eagle Plains/Bluefire btrain 05/12/11 11:26:11 AM
#41   April 11, 2011 News for 'EPL.V/EGPLF' - Providence btrain 04/11/11 01:57:54 PM
#40   Wed. March 16, 2011- News for 'EPL.V/EGPLF' - btrain 03/16/11 11:39:24 AM
#39   Tuesday, March 8, 2011 - 'EPL.V/EGPLF' - Eagle btrain 03/08/11 11:16:48 AM
#38   Wednesday, Feb. 23, 2011 - News for 'EPL.V/EGPLF' btrain 02/23/11 01:13:13 PM
#37   Tues., Feb 22, 2011 -News for 'EPL.V/EGPLF' - btrain 02/22/11 09:17:02 AM
#36   Tuesday, Feb 15, 2011 News for 'EPL.V/EGPLF.PK' - btrain 02/15/11 03:17:51 PM
#35   Not sure what your point is. EPL.V is btrain 02/03/11 12:00:34 PM
#34   btrain, please change the symbol to EGPLF - NYBob 02/03/11 12:35:24 AM
#33   Feb. 1, 2011 News - News for 'EPL.V/EGPLF.PK' btrain 02/01/11 08:27:28 PM
#32   Jan 19 News for 'EPL.V/EGPLF' - (Providence Capital btrain 01/19/11 09:30:06 AM
#31   News Jan. 6, 2010 - News for EPL.V/EGPLF.PK btrain 01/06/11 12:54:52 PM
#30   DEC 21, NEWS FOR EPL.V/EGPLF.PK - Analytical Results from btrain 12/21/10 01:26:20 PM
#29   NEWS FRIDAY, DEC. 17 Trading Halt - PENDING NEWS btrain 12/20/10 11:49:35 AM
PostSubject
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