Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Woody Leonhard (@woodyleonhard) on Twitter does an excellent job of reviewing all Windows updates.
https://twitter.com/woodyleonhard
https://www.askwoody.com/
Also keep up with Windows 7/8 patches and Windows 10 solutions on Woody's InfoWorld site, or askwoody.com where his adapt forum of users ask important questions and reveal important solutions.
http://www.infoworld.com/article/3108572/microsoft-windows/a-peek-at-the-future-of-windows-7-and-81-patching.html
Adobe issues emergency Flash fix
Check your plug-in
Adobe is urging computer users to install a new version of Flash Player after being warned of a flaw that could allow PCs to be hijacked.
Done, Thank you!
How do we use the code? First download Glary Util Pro and wait for the free trial to end?
I'm sure that may be an eye roller question, but never used Glary, always considered it as reviews have been great. Went to Web site, downloaded application and installed it... just haven't seen any place to use the "free" code yet?
News for 'EPL.V/EGPLF' - Providence Completes Earn-In on Iron Range Option, Enters
Joint-Venture with Eagle Plains
Cranbrook, British Columbia CANADA, Mar 12, 2012 (Filing Services Canada via
COMTEX) -- Providence Resources Corp. (TSX-V: PV) ("Providence" or the
"Company") and Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink)
("Eagle Plains") are pleased to announce that Providence has exercised its
option with Eagle Plains and earned a 60% undivided right, title and interest in
and to the Iron Range Project located near Creston, British Columbia. Providence
earned its interest by making aggregate cash payments of $500,000, issuing a
total of 1,000,000 common shares and completing exploration expenditures of
$3,000,000.
In accordance with the terms of the option agreement, Providence and Eagle
Plains are deemed to have formed a joint venture for exploration and development
of the Iron Range Project. The parties have recently executed a formal joint
venture agreement and are in advanced planning and permitting for a drilling
program which is expected to commence on the property by late March.
Tim Termuende, P.Geo, President and CEO of Eagle Plains stated recently "we
welcome the opportunity to work as joint-venture partners with Providence in the
future exploration of the Iron Range project. We are encouraged by results to
date and acknowledge and appreciate the aggressive, systematic approach taken by
Providence to date. Together, we hope to unlock the potential of the property"
Iron Range Project Summary
The Iron Range deposits were originally staked in 1897, and were covered by
Crown grants held by Cominco Ltd. and the Canadian Pacific Railway. Eagle Plains
Resources ("Eagle Plains") staked the current claims immediately after the Crown
grants reverted in 2000, and it has been exploring the property since then.
Exploration work to date includes geological mapping, geochemical surveys,
diamond drilling and a 690-line-kilometre airborne geophysical survey.
The Iron Range project is owned 100% by Eagle Plains and holds no underlying
royalties or encumbrances. An additional 35,800 hectares of claims were added to
the original land package, resulting in a total of 56,200 hectares -- an area
approximately 11 km by 50 km. The land package now covers over 30 km of the Iron
Range structure, most of it unexplored. The claims also overlie rocks of the
Aldridge formation, including the same stratigraphic time horizon that hosts the
world-class Sullivan deposit located 70 km to the northeast. Over its 100-year
lifetime, Sullivan produced approximately 150 million tonnes of ore including
three billion ounces of silver, eight million tonnes of zinc and eight million
tonnes of lead, collectively worth over $30-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.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$55M in exploration expenditures, $6M cash and 15M shares in partner companies.
Completed agreements have yielded over $5M in exploration spending, $900,000
cash to EPL and a total of 12M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development. Planning is currently underway for a
very aggressive 2012 exploration season, with over 10 individual drilling
programs planned, most to be funded by third parties in relation to ongoing
option agreements.
On behalf of the Board of Directors
Signed
"Tim J. Termuende"
President and CEO
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
Feb 21, 2012 - News for 'EPL.V/EGPLF' - Eagle Plains/Providence Identify 3 High-Priority Drill Targets
from 2011 Airborne EM Geophysical Surveys
Feb 21, 2012 (Filing Services Canada via COMTEX) -- Eagle Plains/Providence
Identify 3 High-Priority Drill Targets from 2011 Airborne EM Geophysical Surveys
Vancouver, B.C., February 21, 2012: Eagle Plains Resources Ltd. (TSX-V:EPL) and
Providence Resources Corp. (TSX-V: PV) and Providence Resources Corp. (TSX-V:
PV) are pleased to announce receipt of results from airborne geophysical field
surveys carried out over their Iron Range JV project located near Creston
British Columbia. During October-November 2011, Geotech Ltd. carried out VTEM
time-domain EM and ZTEM AFMAG surveys over parts of the Iron Range Project. The
results have subsequently been processed and interpreted by Condor Consulting,
Inc. of Lakewood Colorado.
Highlights:
* 440 line-km of airborne geophysical data has been collected over the Property
area during 2011.
* 3 high-priority VTEM electromagnetic geophysical anomalies have been
delineated in the Row target area, and are coincident with a 5km-long arsenic,
zinc and lead soil geochemical anomaly.
* The ZTEM survey successfully identified the Iron Range Fault as well as a
northeast-trending fault similar in orientation to the gold-bearing faults at
the Talon Zone.
"Geophysical data collected on the Iron Range Project has produced three high
priority EM conductors that coincide with lead, zinc and arsenic geochemical
anomalies on the Row Target Area," stated Providence Resources Corp.'s President
and CEO Vince Sorace. "The combined results from the geophysical surveys have
fine-tuned the Iron Range geological model and increased our confidence in the
Row Target area which will be drill-tested upon receipt of applicable permits,
which are expected by Q2, 2012."
Geophysical Survey Results
VTEM time domain-EM
A total of 7 anomalies were defined from the VTEM survey; see
http://www.eagleplains.com/projects/bc/ironrange/documents/vtem_2011geophysicsmap.pdf
Anomalies 1-3 represent high-priority EM anomalies and are located within and
immediately adjacent to a ~5 kilometer-long lead-zinc-arsenic soil anomaly
situated in prospective middle Aldridge Formation sedimentary rocks. These three
anomalies may be an indication of subsurface Sullivan style lead-zinc-silver
mineralization and will be drill tested in Spring, 2012. Anomalies 4 to 7
represent secondary priority targets and are likely related to the subsurface
geology. Anomaly 4 is a broad, low level conductor associated with a magnetic
contact and is interpreted to represent a near-surface bedrock anomaly or
conductive overburden. Anomaly 5 is a formational anomaly defined by coincident
EM and magnetic anomalies which correspond to the location of a sliver of upper
Aldridge Formation sedimentary rocks. Anomaly 6 is a broad, northeast trending
conductive zone associated with a linear, northeast trending magnetic anomaly.
Drilling done in this area indicates that the anomaly is related to graphite
within the Aldridge Formation sedimentary rocks. Anomaly 7 is interpreted to be
an artifact that is related to a power line that transects this portion of the
VTEM survey.
ZTEM AFMAG Survey
The ZTEM orientation survey was conducted over the Canyon Target (Talon Zone) to
determine whether this geophysical method would be capable of mapping bedrock
geology based upon the known resistivity and magnetic susceptibility contrasts
within the Aldridge sedimentary rocks; see
http://www.eagleplains.com/projects/bc/ironrange/documents/ztem_2011geophysicsmap.pdf
The survey successfully identified the Iron Range Fault as well as a
northeast-trending fault similar in orientation to the gold-bearing faults at
the Talon Zone. In addition, the survey identified the broad conductive zone
also detected by the VTEM survey. This information is useful in better
understanding the subsurface geology of the Iron Range area and how known target
areas relate to major rock units and structures.
2012 Exploration Program
The Company intends to execute a full exploration program beginning in March,
2012 (subject to receipt of permits) with the objective of systematically
evaluating all existing exploration data, utilizing newly acquired geophysical
data, field evaluating all resulting anomalies and ultimately drill testing the
highest priority targets.
* Geophysical gravity survey - it is anticipated that results from this work
will be available in March, 2012.
* Winter drilling (Phase I) of high-priority geophysical and geochemical
anomalies. High priority targets have been identified during the evaluation of
historical geochemistry, 2011 soil geochemical surveys, and 2011 airborne
geophysical data. Additional targets are anticipated.
* Field work will be completed in summer 2012 with the objective of bringing
remaining targets to the drill testing stage for Phase II drilling in late 2012.
Qualified Persons
Geotech Ltd. VTEM data acquisition phase was carried out under the supervision
of Alexander Prikhodko, PhD, P. Geo., Geotech Ltd. Processing and 2D Inversions
phases were carried out under the supervision of. Alexander Prikhodko, PhD, P.
Geo. Geotech Ltd. ZTEM data acquisition phase was carried out under the
supervision of Jean Legault, P. Geo, P. Eng, Chief Operating Officer, Geotech
Ltd. The processing and interpretation phase was under the supervision of Jean
Legault, P. Geo, P. Eng, Chief Geophysicist (Interpretation), Geotech Ltd.
Iron Range Project
Summary
The Iron Range deposits were originally staked in 1897, and were covered by
Crown grants held by Cominco Ltd. and the Canadian Pacific Railway. Eagle Plains
Resources ("Eagle Plains") staked the current claims immediately after the Crown
grants reverted in 2000, and it has been exploring the property since then.
Exploration work to date includes geological mapping, geochemical surveys,
diamond drilling and a 690-line-kilometre airborne geophysical survey.
The Iron Range project is owned 100% by Eagle Plains and holds no underlying
royalties or encumbrances. An additional 35,800 hectares of claims were added to
the original land package, resulting in a total of 56,200 hectares -- an area
approximately 11 km by 50 km. The land package now covers over 30 km of the Iron
Range structure, most of it unexplored. The claims also overlie rocks of the
Aldridge formation, including the same stratigraphic time horizon that hosts the
world-class Sullivan deposit located 70 km to the northeast. Over its 100-year
lifetime, Sullivan produced approximately 150 million tonnes of ore including
three billion ounces of silver, eight million tonnes of zinc and eight million
tonnes of lead, collectively worth over $30-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.
Providence Option Agreement
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.
Geophysical Survey Specifications
Versatile Time Domain Electromagnetic Survey (VTEM)
The Geotech Ltd. airborne VTEM survey was flown in an east to west (N 172? E
azimuth) direction, with a line spacing of 200 meters. Tie lines were flown
perpendicular to the traverse lines (N 82 degrees E azimuth) at a spacing of
1800 meters respectively for a total of 282.3 line kilometers. This survey also
included a cesium magnetometer. The VTEM plus receiver and transmitter coils
were in concentric-coplanar and Z-direction oriented configuration. The receiver
system for the survey also included a coincident-coaxial X-direction coil to
measure the in-line dB/dt and calculate B-Field responses. The EM bird was towed
at a mean distance of 35 meters below the helicopter.
Z-Axis Tipper Electromagnetic Survey (ZTEM)
Geotech Ltd. carried out a 160.0 line-kilometer, helicopter-borne AFMAG Z-axis
Tipper electromagnetic (ZTEM) and aero magnetic (caesium magnetometer)
geophysical survey centered on the Canyon Target Area. The survey was flown in a
southwest to northeast (N 78 degrees E azimuth) direction, with flight line
spacing between 200 and 250 metres (mean height of 277 meters). Tie lines were
not flown. According to survey specifications, a vertical-dipole air-core
receiver coil and two orthogonal, air-core horizontal axis coils are placed
close to the survey site to measure the horizontal EM reference fields. Data
from the three coils are used to obtain the Tzx and Tzy "Tipper" components at
six frequencies in the 30 to 720 Hz band.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$55M in exploration expenditures, $6M cash and 15M shares in partner companies.
Completed agreements have yielded over $5M in exploration spending, $900,000
cash to EPL and a total of 12M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development. Planning is currently underway for a
very aggressive 2012 exploration season, with over 10 individual drilling
programs planned, most to be funded by third parties in relation to ongoing
option agreements.
On behalf of the Board of Directors
Signed
"Tim J. Termuende"
President and CEO
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
Feb 14, 2012 -News for 'EPL.V/EGPLF' - Eagle Plains Samples High-Grade Uranium, Increases Land Position
at Wollaston Project, Northern Saskatchewan
Cranbrook, British Columbia CANADA, Feb 14, 2012 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink)has
completed staking activity following receipt of high-grade assay results from
grab samples taken during 2011 fieldwork on its Wollaston Project, located
within the Athabasca region of north-central Saskatchewan.
The Wollaston claims are located along highway 905, an all-season road with
access to the nearby Rabbit Lake and Cigar Lake uranium mines. The 5000 ha,
road-accessible property was originally staked by Eagle Plains in early 2011,
based on prospective airborne radiometric anomalies and coincident lake-sediment
U and REE anomalies proximal to a published Saskatchewan Mineral Index showing.
The mineral claims are 100% owned by Eagle Plains Resources and have no
underlying royalties or encumbrances.
Reconnaissance fieldwork by Eagle Plains during summer and fall, 2011, revealed
anomalous radioactivity along a 460m strike length of Wollaston metasediments,
intruded by numerous sills and mineralized fractures. Ten grab samples were
collected along the 460m strike length, two of which returned very significant
mineralization: 7.05% and 1.40% U3O8, with up to 2.93% ThO2, 16700 ppm lead, and
1167 ppm TREE (total rare-earth elements).
The claim group region is comprised of Archean granite inliers, overlain by
metasedimentary rocks of the Wollaston Group, all of which have been intruded by
pegmatite dykes and stocks. This sequence of basement rocks is similar to those
that host the lower ore bodies of the Eagle Point Mine, and as such;
basement-hosted unconformity-style mineralization remains a viable target
deposit type.
Proposed work for 2012 includes detailed mapping and prospecting in the vicinity
of the new showings, plus along-strike surface geochemical and geophysical
surveys and regional prospecting of several prospective, untested airborne
geophysical anomalies.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$55M in exploration expenditures, $6M cash and 15M shares in partner companies.
Completed agreements have yielded over $5M in exploration spending, $900,000
cash to EPL and a total of 12M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development. Planning is currently underway for a
very aggressive 2012 exploration season, with over 10 individual drilling
programs planned, most to be funded by third parties in relation to ongoing
option agreements.
On behalf of the Board of Directors
"Tim J. Termuende"
President and CEO
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.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/eagle02142012.htm
Source: Eagle Plains Resources Ltd. (TSX-V: EPL) http://www.eagleplains.ca
Feb 3, 2012 - News for 'EPL/EGPLF' Eagle Plains Announces Directors Resignation
Cranbrook, British Columbia CANADA, Feb 03, 2012 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC
Pink),announce that David L. Johnston, P.Eng. has resigned as a director of
Eagle Plains. Mr. Johnston has agreed to remain with the Company in an advisory
role, and will join Robert W. Termuende, P.Geol. on the Advisory Board.
The Board would like to thank Mr. Johnston for his valuable guidance, insight
and assistance over the years, which saw the Company steadily grow and create
shareholder value through the spin-out arrangements of Copper Canyon Resources
Ltd. (acquired by NovaGold in 2011), Omineca Mining and Metals Ltd. and
Yellowjacket Resources Ltd.
Mr. Johnston has had an illustrious career in the Canadian mining industry with
senior management posts including: president and general manager of Highland
Valley Copper Corporation, vice president of Cominco Metals, and president of
Pine Point Mines Ltd. As well as serving on the board of Eagle Plains and Copper
Canyon, Mr. Johnston has been an Independent Director of Silver Standard
Resources Inc., since May 17, 2000. Mr. Johnston graduated with a Bachelor of
Applied Science degree in Mining Engineering in 1963 and a Master of Science
degree in Mineral Engineering in 1969.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$64M in exploration expenditures, $7.4M cash and 28.6M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development. Planning is currently underway for a
very aggressive 2012 exploration season, with over 10 individual drilling
programs planned, most to be funded by third parties in relation to ongoing
option agreements.
On behalf of the Board of Directors
"Tim J. Termuende"
President and CEO
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
Feb 2, 2012 News for 'EPL.V/EGPLF' - Eagle Plains/SinoGas Execute Option Agreement on Eagle Lake,
Saskatchewan Uranium Property
Cranbrook, British Columbia CANADA, Feb 02, 2012 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink)and
SinoGas West Inc. (TSX-V:GZW.P) have entered into a formal option agreement
whereby Eagle Plains has agreed to grant an option to SinoGas to earn a 60%
interest in EPL's 100% owned Eagle Lake uranium project located 28 km southeast
of Cameco's Key Lake mining operation in north-central Saskatchewan, Canada.
Terms of the option agreement
Pursuant to the option agreement (subject to regulatory approval), SinoGas West
Inc. will have the exclusive option to acquire a 60-per-cent interest in the
Eagle Lake property by issuing up to one million common shares of the company,
making aggregate cash payments of $300,000 and incurring aggregate exploration
expenditures of $3-million over the course of five years. $350,000 is currently
budgeted for 2012 exploration work.
Property Highlights
* 80-150m wide mineralized dyke swarm discovered at Red October occurrence, with
mineralized dykes locally up to 10m in width.
* Samples returned up to 1.56% U308 over 1m and grab samples returned up to
2.24% U308.
* 800m+ mineralized boulder train indicates broad mineralized zone
Property History
The claims cover 14,000 ha containing uranium mineralization originally
discovered by Great Plains Development Company of Canada Ltd. during the 1969
Athabasca Basin uranium rush. The 1969 work program was carried out under the
supervision of R.W. (Bob) Termuende, later a founding director of Eagle Plains.
Exploration in the area now covered by the Eagle Lake property by Great Plains
between 1969 and 1971 reportedly identified a float boulder train 1.5 kilometers
in length. Great Plains reported high radon gas values from both water and soil
samples collected near the uraniferous boulder train. Notably, the bedrock
source for these float boulders was not located.
Mulligan Capital (now Blue Sky Uranium) optioned the property in August, 2006
and in 2007, carried out systematic exploration work including an airborne
geophysical survey, soil geochemical sampling, mapping and prospecting. Blue Sky
subsequently relinquished its option in August, 2008. A number of areas of
interest were identified during the course of this work, including the "Red
October" showing. Subsequent work has defined the Red October showing over 270
meters of strike length in trenches, within a geochemical anomaly of over 500
meters strike length associated with an airborne geophysical anomaly of greater
than 1 kilometer. Samples collected from the showing and trenches 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. The mineralization is associated with
intrusions and meta sediments of the Wollaston Group.
The Eagle Lake property lies within the Wollaston domain and consists of
metasedimentary gneisses and schists, including pelitic schists and gneisses
with graphitic horizons. EPL will focus on exploring for uranium deposits in
north to northwest-trending faults which are interpreted to have formed
structural traps where uranium mineralization may have been deposited and
preserved.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$64M in exploration expenditures, $7.4M cash and 28.6M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development.
Signed,
"Tim J. Termuende"
President and CEO
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
Jan 31, 2012 News for 'EPL.V/EGPLF' - Eagle Plains/Providence Receive Results of 2011 Soil Sample
Survey and Strengthens Priority Drill Targets on the Iron Range Project
Vancouver, British Columbia CANADA, Jan 31, 2012 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink),and
Providence Resources Corp. (TSX-V: PV) are pleased to announce receipt of
results from the 2011 soil sampling program on the Iron Range Project. Results
from the extensive program (4,233 samples) validate historical soil anomalies
and identify additional prospective areas. Historical anomalies in the Row and
Canyon target areas have been confirmed - these targets have been selected for
drill testing in 2012. The remainder of the anomalies identified in the 2011
survey will be ranked and field evaluated as part of the 2012 Iron Range
exploration program. A map outlining the 2011 soil sampling results is located
at:
http://www.eagleplains.com/projects/bc/ironrange/documents/2011_soil_anomalies.pdf
"The 2011 soil sampling program has exceeded our expectations - it has validated
the 5 kilometer-long Row soil anomaly and demonstrates that the Iron Range is
prospective for both Sullivan style lead-zinc-silver as well as gold
mineralization." Stated Providence Resources Corp.'s President and CEO Vince
Sorace. "The combined results from the new and historical sampling campaigns are
highly encouraging; our technical team will correlate these anomalies with those
obtained from the 2011 geophysical survey as soon as data is available."
The 2011 soil sampling results build upon historical geochemical surveys by
confirming, infilling and/or expanding historical anomalies. The highlights of
the program are listed below:
* Confirmation soil sampling on the Row Target has validated the historical
dataset by producing a coincident lead-zinc-arsenic anomaly similar in scale and
intensity to the historical dataset. This target will be drill tested in 2012.
* Infill soil sampling in the Canyon target area produced a robust arsenic
anomaly measuring 1 km by 0.7 km with coincident gold, lead and zinc anomalies.
Gold mineralization discovered along the southern margin of this anomaly in 2010
confirms the presence of gold mineralization at this target area. The remainder
of the Canyon Anomaly will be drill tested in 2012.
* Three new soil grids (Arrow East, Canyon East and Gap grids) have produced
additional gold, arsenic, lead and zinc soil anomalies, which will be the
followed up during a systematic surface exploration program in Q2 2012.
The Company intends to execute a full exploration program in Q2 2012 with the
objective of systematically evaluating all existing exploration data, utilizing
newly acquired geophysical data, field evaluating all resulting anomalies and
ultimately drill testing the highest priority targets.
* Geophysical electromagnetic and gravity surveys - it is anticipated that
results from this work will be available in February 2012.
* Winter drilling (Phase I) of high-priority geophysical and geochemical
anomalies. Two targets have been identified during the evaluation of historical
geochemistry and additional targets are anticipated.
* Field work will be completed in summer 2012 with the objective of bringing
remaining targets to the drill testing stage for Phase II drilling in late 2012.
Qualified Person
The soil sampling program at the iron Range Project was designed and implemented
by TerraLogic Exploration of Cranbrook, B.C. (a wholly-owned subsidiary of Eagle
Plains). All fieldwork is under the supervision of geologist J.K. Ryley while
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.
Field personnel for the project took 4,322 B-horizon soil samples from
hand-excavated pits, with samples taken at depths between 20cm and 60cm. Samples
were securely labeled and packed before shipping to ALS laboratories. ALS'
quality system complies with ISO 9001:2008. Analytical accuracy and precision
are monitored by the analysis of reagent blanks, reference material and
replicate samples.
Iron Range Project Summary
The Iron Range deposits were originally staked in 1897, and were covered by
Crown grants held by Cominco Ltd. and the Canadian Pacific Railway. Eagle Plains
Resources ("Eagle Plains") staked the current claims immediately after the Crown
grants reverted in 2000, and it has been exploring the property since then.
Exploration work to date includes geological mapping, geochemical surveys,
diamond drilling and a 690-line-kilometre airborne geophysical survey.
The Iron Range project is owned 100% by Eagle Plains and holds no underlying
royalties or encumbrances. An additional 35,800 hectares of claims were added to
the original land package, resulting in a total of 56,200 hectares -- an area
approximately 11 km by 50 km. The land package now covers over 30 km of the Iron
Range structure, most of it unexplored. The claims also overlie rocks of the
Aldridge formation, including the same stratigraphic time horizon that hosts the
world-class Sullivan deposit located 70 km to the northeast. Over its 100-year
lifetime, Sullivan produced approximately 150 million tonnes of ore including
three billion ounces of silver, eight million tonnes of zinc and eight million
tonnes of lead, collectively worth over $30-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.
Providence Option Agreement
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.
On behalf of the Board of Directors
Signed
"Tim J. Termuende"
President and CEO
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.
To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/eagleplainsprjan312012.htm
Source: Eagle Plains Resources Ltd. (TSX-V: EPL) http://www.eagleplains.ca
Jan 19, 2012 News for 'EPL.V/EGPLF' - Eagle Plains/Clemson Execute Option Agreement on Kalum Gold
Property, West-Central British Columbia
Jan 19, 2012 (Filing Services Canada via COMTEX) -- Eagle Plains/Clemson
Execute Option Agreement on Kalum Gold Property, West-Central British Columbia
Cranbrook, B.C.; 19 January, 2011: Eagle Plains Resources (TSX-V:EPL) and
Clemson Resources Corp. (TSX-V:CRZ) announce that the companies have entered
into a formal option agreement whereby Clemson may earn an undivided 60%
interest in Eagle Plains' 100% owned Kalum Property located approximately 35 km
northwest of Terrace, British Columbia in the Skeena Mining Division. Under
terms of the agreement, Clemson will complete exploration expenditures of
$3,000,000, make cash payments of $250,000 and issue 1,100,000 common shares to
EPL over a four year period.
Property Geology
The road accessible, 21,000 ha property is centered upon a large Cretaceous-age
granodioritic stock of the Coast Crystalline Complex that has intruded Jurassic
to Cretaceous-age sedimentary rocks of the Bowser Lake Group. A number of
high-grade, vein-type gold occurrences are associated with the contact zone and
magnetic signature of the intrusive stock. These occurrences have been explored
by various operators and to various degrees over the past 80 years. All previous
exploration efforts have been directed toward the discovery of high-grade
stand-alone mineralization. The current Eagle Plains tenure package represents
the first time that gold occurrences related to the intrusive stock have been
consolidated by a single company.
Property History
The property had last seen exploration work in 2009-2010 by Windstorm Resources
Ltd. who carried out prospecting and soil geochemical work in 2009, followed by
6 drill-holes in 2010 for a total of 412m, testing a high-grade gold occurrence
(973 g/t Au) discovered in late 2009. Drilling failed to intersect significant
continuous mineralized zones. Windstorm terminated their option in late 2010.
From 2007-2008, Mountain Capital completed geologic mapping, a ground
geophysical survey and 1,390m of drilling in 11 holes to target the "Burn"
showing (see EPL/MCI news release December 15, 2008). Highlights of the 2008
program included drill-hole HKM 08-01, which returned 10.55m grading 0.973g/t
gold from 9.95m to 20.50m (including 0.3m which assayed 28.7 g/t gold from 20.20
to 20.50m) and drill-hole HKM 08-03, which returned 2.30m grading 11.949 g/t
gold from 14.0-16.3m. Mountain Capital terminated their option on the property
in May, 2009.
Eagle Plains acquired the property in 2003 and completed significant exploration
programs on the property in 2003 and 2004. The programs included a VTEM airborne
survey, extensive geochemical programs, geologic mapping, and a 19-hole diamond
drill program. The best drill results from this work included drill-hole
KRC04001, drilled at the Rico showing (discovered by Eagle Plains personnel in
late 2003), which returned 35g/t Au over 2.5m from 101.8m to 104.3m; including a
0.5m interval that assayed 107g/t Au (see EPL news release December 9th, 2004).
In addition, historical occurrences on the Property were located, sampled and
surveyed.
All work to date continues to support the interpreted potential for the Kalum
Property to host both high-grade Au - Ag deposits and lower-grade bulk-tonnage
type Au mineralization.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$55M in exploration expenditures, $6.5M cash and 20M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development. Planning is currently underway for a
very aggressive 2012 exploration season, with over 10 individual drilling
programs planned, most to be funded by third parties in relation to ongoing
option agreements.
On behalf of the Board of Directors
"Tim J. Termuende"
President and CEO
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
Jan 17, 2012 News for 'EPL.V/EGPLF' - Eagle Plains/Providence Identify Multiple New Drill Targets
Based Upon Historical Soil Data and Provides an Update for 2011 Drilling on the
Iron Range Project
Cranbrook, British Columbia CANADA, Jan 17, 2012 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink),and
Providence Resources Corp. (TSX-V: PV) are pleased to announce that a systematic
compilation and analysis of historical soil geochemistry data has identified
eight anomalous zones including two high priority, multi-element soil anomalies
that are slated for drill testing in 2012, and six additional anomalous zones,
that have been selected for field evaluation as part of the 2012 exploration
program. For maps and figures related to this news release please visit our
website http://www.eagleplains.com/projects/bc/ironrange/
"Our analysis of the historic soil data confirms our belief that the Iron Range
Property displays an anomalously high background metal endowment and
demonstrates that the entire property is prospective for gold mineralization in
addition to the traditionally explored for Sullivan-style lead-zinc
mineralization." Stated Providence Resources Corp.'s President and CEO Vince
Sorace. "The results from the soil data compilation are highly encouraging; we
are looking forward to comparing these anomalies with those obtained from
electromagnetic and gravity surveys when results are available."
The final 3 drill holes of the 2011 drill program (1,044.2 metres) were
completed in August, 2011. Drill holes IR11-027 to IR11-029 intercepted the
Talon Zone at depth. IR11-27 was drilled oblique to the Talon Zone and returned
3 meters @ 3.29 g/t gold and 4.6 g/t silver, IR11-28 and 29 were drilled
perpendicular to the zone and returned 12.0 meters @ 0.59 g/t gold, 2.5 g/t
silver and 2 meters @ 2.34 g/t gold, 61.2 g/t silver respectively. A map
outlining these drill locations is available at
http://www.eagleplains.com/projects/bc/ironrange/
2012 Exploration Program
The Company intends to execute a full exploration program in 2012 with the
objective of systematically evaluating all existing exploration data, utilizing
newly acquired 2011 geophysical surveys, field evaluating all resulting
anomalies and ultimately drill testing the highest priority targets.
* Systematic compilation and analysis of historical soil geochemistry - this
work and the resulting anomalies are the focus of this news release.
* Geophysical electromagnetic and gravity surveys - it is anticipated that
results from this work will be available in February 2012.
* Winter drilling (Phase I) of high-priority geophysical and geochemical
anomalies. Two targets have been identified during the evaluation of historical
geochemistry and additional targets are anticipated.
* Field work will be completed in summer 2012 with the objective of bringing
remaining targets to the drill testing stage for Phase II drilling in late 2012.
Historic Iron Range Soil Surveys
Soil anomalies were identified as part of ongoing compilation of historical data
on the Iron Range Project. Data compilation work is producing exploration
targets in advance of gravity and electromagnetic survey results that will be
available in February, 2012. All available geological, geochemical and
geophysical data will be used to delineate priority targets which will be tested
during 2012 Phase I and Phase II drilling.
A total of 12,201 soil samples were collected by various operators between 1986
and 2010 within the limits of the Iron Range project. These data have been
systematically compiled by TerraLogic Exploration Services and re-evaluated by
Providence Resources Corp. Soil anomalies were selected where assay values
exceed the mean value of the survey by at least 1 standard deviation and where
an anomaly can be traced across at least two soil lines within a given survey or
an adjoining survey. Priority is assigned to anomalies that are present within
multiple elements in a given survey.
A total of eight geochemical anomalies have been identified. Two anomalies
(Canyon and Row) are considered high priority at this early stage of evaluation
and are already slated for drill testing. The remaining six anomalies will be
further evaluated throughout 2012. A map and description of these anomalies can
be found at http://www.eagleplains.com/projects/bc/ironrange/
2011 Talon Zone Drill Results
Drill intercepts from 2011 diamond drilling for holes IR11-027, IR11-028 and
IR11-029 within the Talon Zone are summarized below. The Talon Zone is a 30
meter-wide, steeply west-dipping, northeast-striking fault zone marked by
moderate to intense silica-sericite (minor albite) alteration zone and hosts
precious and base metal mineralization. The object of the 2011 diamond drill
program was to determine the thickness, strike and depth extent of the gold and
base metal mineralization within the Talon Zone.
IR11-027
IR11-027 shares the same collar as previous drill hole IR11-026. This hole was
designed to test the continuity and intensity of mineralization within the
steeply west-dipping Talon Zone at depth. IR11-027 defines the western limit of
the intense silica-sericite-albite alteration zone intersected in IR11-026 drill
hole (101.4m of 0.5g/t Au), defined by three narrow intervals of significant
gold values. Mineralization occurs in fractures and within a quartz-carbonate
breccia matrix with localized narrow sections of semi-massive sulphide.
Mineralization is dominantly pyrite with minor arsenopyrite +/- sphalerite and
rare galena.
IR11-028
IR11-028 was drilled approximately 70m northeast of IR11-026/027. An isolated
intercept of 1.0m of 2.87g/t Au is coincident with the appearance of breccia
which is consistent with the down-dip extension of the sub-vertical
(west-dipping) Talon zone. Mineralization consists of arsenopyrite with lesser
pyrite, rare sphalerite, and galena within a dolomite-calcite-quartz matrix
supported breccia.
IR11-029
IR11-029 was the final hole drilled in the 2011 Talon zone drill campaign. In
order to obtain a perpendicular cut through the Talon zone, this hole was
drilled at 135 degree azimuth and a -55 degree dip angle. This hole returned
2.0m grading 2.34g/t Au (110-112 meters) defining the central portion of the
Talon zone below the surface oxide zone. Mineralization is characterized by a 10
cm interval of massive pyrite and lesser arsenopyrite within an oxidized,
limonitic breccia.
-------------------------------------------------------------------------
Hole From To Length Gold Lead Zinc Silver Lead Zinc
# (m) (m) (m) (g/t) (%) (%) (g/t) (ppm) (ppm)
-------------------------------------------------------------------------
IR11027 221.8 237.1 15.25 0.29 0.05 0.11 3.16 481.99 1053.34
Incl. 234.8 237.1 2.3 0.89 0.12 0.11 12.93 1229.95 1076.51
-------------------------------------------------------------------------
IR11027 260 274 14 0.86 0.06 0.05 4.63 550.24 479.91
Incl. 271 274 3 3.29 0.21 0.18 18.20 2145.00 1751.00
-------------------------------------------------------------------------
IR11027 344.5 346.9 2.35 1.06 0.09 0.05 7.06 942.64 537.37
-------------------------------------------------------------------------
IR11027 376 385 9 0.14 0.01 0.01 0.49 89.51 84.41
-------------------------------------------------------------------------
IR11028 239 251 12 0.59 0.06 0.14 2.54 632.82 1359.46
incl. 239 240 1 2.87 0.32 0.35 9.70 3215.00 3459.00
-------------------------------------------------------------------------
IR11028 260 278 18 0.24 0.025 0.05 2.17 247.57 467.53
-------------------------------------------------------------------------
IR11028 297 304 7 0.19 0.01 0.01 2.27 132.19 119.13
-------------------------------------------------------------------------
IR11028 383 392 11 0.16 0.01 0.03 0.99 127.58 337.96
-------------------------------------------------------------------------
IR11029 100 116 16 0.38 0.06 0.12 13.73 632.37 1150.46
Incl. 110 112 2 2.34 0.22 0.37 61.20 2175.28 3650.50
-------------------------------------------------------------------------
IR11029 140 150 10 0.51 0.13 0.18 9.40 1309.00 1785.00
Incl. 140 144 4 0.77 0.05 0.13 6.73 505.29 1322.68
-------------------------------------------------------------------------
Table 1. Talon Zone Drill intercepts for drill holes IR11-027 to IR11-029. Note
that there is insufficient drilling to determine the true thickness of the
mineralized zones
Quality Control
Geological exploration contracting services on the Iron Range property during
2011 are being provided by TerraLogic Exploration of Cranbrook, B.C. (a
wholly-owned subsidiary of Eagle Plains). Diamond drilling is being carried out
by F.B. Drilling of Cranbrook, B.C. All fieldwork is under the supervision of
geologist J.K. Ryley while 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.
Iron Range Project Summary
The Iron Range deposits were originally staked in 1897, and were covered by
Crown grants held by Cominco Ltd. and the Canadian Pacific Railway. Eagle Plains
Resources ("Eagle Plains") staked the current claims immediately after the Crown
grants reverted in 2000, and has been exploring the property since then.
Exploration work to date includes geological mapping, geochemical surveys,
diamond drilling and a 690-line-kilometre airborne geophysical survey.
The Iron Range project is owned 100 per cent by Eagle Plains and holds no
underlying royalties or encumbrances. An additional 35,800 hectares of claims
were added to the original land package, resulting in a total of 56,200 hectares
-- an area approximately 11 km by 50 km. The land package now covers over 30 km
of the Iron Range structure, most of it unexplored. The claims also overlie
rocks of the Aldridge formation, including the same stratigraphic time horizon
that hosts the world-class Sullivan deposit located 70 km to the northeast. Over
its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore
including three billion ounces of silver, eight million tonnes of zinc and eight
million tonnes of lead, collectively worth over $30-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.
Providence Option Agreement
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.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$55M in exploration expenditures, $6.5M cash and 20M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development.
Signed,
"Tim J. Termuende"
President and CEO
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
Wed., Jan 4, 2012 News for 'EPL.V/EGPLF' Eagle Plains Accepts Shares for Debt from Blackrock Resources Ltd.
Cranbrook, British Columbia CANADA, Jan 03, 2012 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink),
announces it has entered into a debt settlement agreement with Blackrock
Resources Ltd., a private B.C. company, whereby Blackrock will issue 1,048,619
common shares to EPL to settle an outstanding debt of $157,292.89. The debt is
related to unpaid exploration and development expenses incurred by Blackrock on
Eagle Plains Resources wholly owned Elsiar Project.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$55M in exploration expenditures, $6.5M cash and 20M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development.
Signed,
"Tim J. Termuende"
President and CEO
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
Dec 22, 2011 News for 'EPL.V/EGPLF' - Aben Resources Ltd.: Shares Issued- Rusty Springs Silver
Project, District of Dawson, Yukon
VANCOUVER, BRITISH COLUMBIA, Dec 22, 2011 (Marketwire via COMTEX) -- Aben
Resources Ltd. (TSX VENTURE:ABN) (FRANKFURT:E2L) (the "Company") announces that
it has issued 250,000 common shares in connection with its Property Option
Agreement dated February 15, 2011 with Eagle Plains Resources Ltd. whereby the
Company has been granted an option to earn a 100% interest, subject to a 3% net
smelter return royalty, in the 1,100 hectare Rusty Springs Sliver Project,
District of Dawson, Yukon Territory (the "Property").
Aben's Yukon Property Claims Map:
http://www.abenresources.com/i/maps/ABN_Property_Location.jpg
The common shares issued are subject to a four month hold period under
applicable securities laws, and imposed by the TSX Venture Exchange, expiring
April 16, 2012.
In order to earn a 100% interest in the Property, the Company must make further
cash payments of $250,000 and issue a total of 1,000,000 common shares over the
remaining four-year term of the Agreement. The Company is also required to pay
the Vendor a yearly minimum advanced royalty of $25,000.
For further information on Aben Resources Ltd. (TSX VENTURE:ABN), visit our
Company's web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT, President
This news release may contain certain "Forward-Looking Statements" that may
involve a number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. For a more detailed
discussion of such risks and other factors, refer to the Company's filings with
Canadian Securities regulators available on www.sedar.com.
SOURCE: Aben Resources Ltd.
CONTACT: Aben Resources Ltd.
James G. Pettit
President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119(FAX)
info@abenresources.com
Aben Resources Ltd.
Jordan Trimble
Corporate Communications
604-687-3376 or Toll Free: 800-567-8181
604-687-3119(FAX)
info@abenresources.com
Dec 21, 2011 News for 'EPL.V/EGPLF' Eagle Plains/Navy Resources Execute Option Agreement on Vulcan
Property, South-eastern British Columbia
CRANBROOK, British Columbia, Dec 22, 2011 (BUSINESS WIRE) -- Eagle Plains
Resources Ltd. (TSX-V:EPL)(Pink Sheets: EGPLF) and Navy Resources Corp. (a
private B.C. company) announce that they have executed a formal option agreement
whereby Navy may earn an undivided 60% interest in Eagle Plains' 100% owned
Vulcan Property located 30km northwest of Kimberley, British Columbia. Under
terms of the agreement, Navy will complete exploration expenditures of
$3,000,000, make cash payments of $250,000 and issue 1,000,000 common shares to
Eagle Plains over a fifty-four month period. The partners recently completed a
353 line-km airborne airborne gravity geophysical survey over the property area
(see EPL news release Dec 19/2011), with plans underway for drilling next
season.
Property Geology and History
The road-accessible property overlies rocks of the Purcell Supergroup, including
Aldridge Formation sediments. The principle exploration target on the property
is a Sullivan-type stratiform sediment-hosted massive sulfide deposit. The
nearby Sullivan Mine produced 144 million tons of ore averaging 6.5% lead, 5.6%
zinc and 2.3 opt silver to 1988, representing 300,000,000 ounces of silver,
8,000,000 tonnes of zinc and 8,000,000 tonnes of lead, collectively worth over
$45 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 Vulcan property.
At Vulcan the styles of mineralization, host rocks and alteration all show
strong similarities to the Sullivan Deposit. The best sulfide mineralization at
Vulcan is exposed in a surface showing. Strata-controlled
pyrrhotite-galena-sphalerite is interpreted to occur at the Sullivan time
horizon in a 7.5 m thick zone which includes 1.5 m averaging 1.6% combined
lead-zinc. Grab samples of this zone assay up to 5.5% lead-zinc and 22 opt
silver.
The Vulcan property has been tested by historic drilling on separate occasions.
The most comprehensive testing occurred in the early 1990's by Ascot Resources.
In 1991 a five-hole 1,003m drill program was completed. In 1992 three holes were
drilled totaling 1535m and explored the Lower-Middle Aldridge contact (LMC) to
depths of 300m, roughly 600-800m down-dip of 1991 intersections. Though 1992
drilling indicated the presence of Sullivan-type stratigraphy and alteration in
all holes, significant base-metal mineralization was not encountered. The
down-dip extension of the 1991 holes on the Vulcan property remain untested and
provide targets for future work.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion expose EPL to over
$55M in exploration expenditures, $6.5M cash and 20M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development.
Signed,
"Tim J. Termuende" President and CEO
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.
CONTACT:
Eagle Plains Resources Ltd.
Mike Labach, 1 866 HUNT ORE (486 8673)
mgl@eagleplains.com
http://www.eagleplains.com
EPL/EGPLF NEWS: Yellowjacket Resources Spinout Approved
Cranbrook, British Columbia CANADA, Dec 21, 2011 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink),and
Yellowjacket Resources Ltd. (TSX-V:YJK) are pleased to announce shareholder, TSX
Venture Exchange ("Exchange") and court approval of the spinout of Yellowjacket
Resources. Pursuant to the approval, Eagle Plains shareholders of record
reflected on Dec. 22nd, 2011, as at 12:01 a.m., on the register of shareholders
maintained by Eagle Plains' registrar and transfer agent will receive one
Yellowjacket share in exchange for every three Eagle Plains shares held on said
date.
Yellowjacket Resources will begin trading on the Exchange on or about December
22, 2011. For more information about Yellowjacket Resources, please see the
Management Information Circular of Eagle Plains dated November 15, 2011 and the
Listing Application of Yellowjacket dated December 19, 2011, all as filed on
SEDAR at www.sedar.com.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion, expose EPL to over
$55M in exploration expenditures, $6.5M cash and 20M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects are expected to be
approximately $8,000,000, to be funded by Eagle Plains and third party partners.
This exploration work is expected to result in approximately 9400m diamond
drilling and extensive ground-based exploration work facilitating the
advancement of more than 15 projects at various stages of development.
About Yellowjacket Resources
Yellowjacket Resources will focus on the development of the Yellowjacket Gold
Project. 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 tpd 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. Gold
may be recovered using a simple gravity concentrating recovery plant without the
use of chemicals or additives. Yellowjacket owns both mineral (hard-rock) and
placer rights within the Project area. The project is located within the
traditional territory of the Taku River Tlingit First Nation who have entered
into a formal Impact and Benefits Agreement with respect to the project.
Eagle Plains will transfer to Yellowjacket its entire interest in the
Yellowjacket Project, various assets relating to the Yellowjacket Project,
$600,000 in cash and certain investments to provide working capital and
exploration funding. Concurrently, Eagle Plains will hold approximately 15% of
the total common shares of Yellowjacket.
Signed,
"Charles C. Downie"
President and CEO
Yellowjacket Resources Ltd.
For further information, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our websites at http://www.eagleplains.com
or http://www.yellowjacketresources.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.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/eagleplains12212011.htm
Source: Eagle Plains Resources Ltd. (TSX-V: EPL) http://www.eagleplains.ca
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
UUP News Tues. Dec 20, 2011 - Big ETF Inflows: UUP, USMV
Dec 20, 2011 (MarketNewsVideo.com via COMTEX) -- Looking today at
week-over-week shares outstanding changes among the universe of ETFs covered at
ETF Channel, the largest inflow was seen in the DB US Dollar Bullish Fund (UUP),
which added 22.6 million shares, or a 32.7% increase week over week.
And on a percentage change basis, the ETF with the largest increase in inflows
was the iShares MSCI USA Minimum Volatility Index Fund (USMV), which added
100,000 shares, for a 50.0% increase in outstanding shares. Among the largest
underlying components of USMV, in morning trading today Ecolab (ECL) is up about
1.5%, and Bristol Myers Squibb (BMY) is up by about 1.4%.
Mon. 12/19/2011-News for 'EPL.V/EGPLF' - Eagle Plains/ Partners Complete Major Airborne Geophysical Survey
Cranbrook, British Columbia CANADA, Dec 19, 2011 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink),and
various individual option partners have recently completed the largest
privately-funded airborne geophysical survey ever carried out in the Kootenay
region of British Columbia. A total of 4,280 line-km was flown over Eagle
Plains' various projects in the region, for an overall expenditure of over
$1,000,000.
Three separate survey types were flown, with the majority of funding provided by
third parties under various option agreements currently in place with Eagle
Plains, including VTEM (electromagnetic), ZTEM (electromagnetic) and an airborne
gravity system. Geotech Airborne Geophysical Surveys and Fugro Consultants were
contracted to carry out the surveys, which were completed during the fall of
2011. Additional geophysical work including processing, analytical and advanced
interpretive analysis will be provided by Condor Consulting of Lakewood,
Colorado.
A summary of the various projects and specific work applied to each is provided
below:
--------------------------------------------------------
Project Partner VTEM ZTEM Gravity
(line (line (line
kms) kms) kms)
--------------------------------------------------------
Iron Range Providence 282 160 1293
--------------------------------------------------------
Findlay MMG 509
--------------------------------------------------------
Boundary MMG 125 109
--------------------------------------------------------
K-9 Bluefire 355
--------------------------------------------------------
Hall Lake Bethpage 469
--------------------------------------------------------
Goatfell 101191710 Saskatchewan 133 242
--------------------------------------------------------
Vulcan Navy Resources 353
--------------------------------------------------------
Car 100% EPL 143 107
--------------------------------------------------------
Total: 1382 285 2613
---------------------------------------------------------
A map showing the location of each property and the layout of the geophysical
surveys is located on the Eagle Plains website at http://www.eagleplains.com
The airborne geophysical survey is ongoing, systematic exploration being carried
out by Eagle Plains and its partners within rocks of the Belt-Purcell Supergroup
for over a decade. The area is host to the world-class Sullivan Deposit, which
over its 100 year lifetime, 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 $45 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 these properties.
Increased activity in the area was precipitated by the discovery in late 2010 of
gold-rich base-metal mineralization on the Iron Range project by partners Eagle
Plains and Providence Resources Corp.
Highlights from drill hole IR10-010 include:
* 196.9-204.0m: 7.1m @ 8.13g/t Au, 5.91% Pb/Zn, 86.6g/t Ag
* 224.0-280.5m: 56.5m @ 1.9g/t Au, 21.5g/t Ag
Also including lowermost 277.5-279.5m: 2.0m @ 12.8g/t Au, 9.24% Pb/Zn, 122.5g/t
Ag; elevated Cd, Sb, Sn, Bi, B, Cu.
Eagle Plains and its partners will continue to assess the geophysical data as it
is interpreted by the independent consultants. Data will be integrated with
other information acquired in the area to guide future exploration activity. The
various option agreements in the Kootenay region, if carried to fruition, expose
Eagle Plains to $20M in exploration expenditures, $1.7M in cash payments to EPL,
and 4M shares in third party companies.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion, expose EPL to over
$50M in exploration expenditures, $5.7M cash and 13M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects are expected to be
approximately $8,000,000, to be funded by Eagle Plains and third party partners.
This exploration work is expected to result in approximately 9400m diamond
drilling and extensive ground-based exploration work facilitating the
advancement of more than 15 projects at various stages of development.
Signed,
"Tim J. Termuende"
President and CEO
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.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/eagleplains12192011.htm
Source: Eagle Plains Resources Ltd. (TSX-V: EPL) http://www.eagleplains.ca
UUP News Friday, Dec 16, 2011: Consumer Price Index Flat in November
Dec 16, 2011 (MarketNewsVideo.com via COMTEX) -- Prices to U.S. consumers stayed the same from October to November, according
to a Labor Department report.
The consumer price index was flat in November, and rose 0.2%
excluding food and energy costs.
Over the last 12 months, consumer prices have risen 3.4%,
or 2.2% excluding food and energy costs.
The Federal Reserve pays close attention to
inflation data when it weighs its
monetary policy decisions.
The U.S. dollar is trading lower compared to
other major currencies, leading the U.S. Dollar
Bullish Fund (UUP) to trade down over .1%. The Euro
Trust (FXE) is trading up over .1%.
Stocks are generally trending higher, leading the
SPDR S&P 500 (SPY) to trade up over .6%.
Gold is trading higher Friday, leading the iShares Gold Trust (IAU) up 1.5%, and
the SPDR Gold Shares (GLD) to trade up about 1.5% as well.
Crude oil is trading lower, leading the DB Oil Fund (DBO) to trade down about
2%.
T1: Anything you post on facebook become the property of facebook. You loose your rights to authorship.
Sorry T1: I am not a member, and never plan to become one. They have a long history of privacy violations, plus perhaps even used for government tracking.
I thought I was stepping out just to join iHub.
Spend a moment looking up your family on Spokeo.com to see just how invasive this new era of "transparency" really is.
As my final big bang before retiring, I was the founder and director of a large respected worldwide consulting organization. Up until shortly after the 9/11 event.
I ended up having my identity stolen, email addresses used to spam others, and was subjected fraud. In other words, just not willing to post any additional exposure.
I contacted Spokeo to have my wife's, Daughter's, Son's and my information removed. They did so. But the list goes on and on. I just have no interest in creating any window of additional violations for a known violator.
I sure hope this doesn't mean that you are leaving iHub.
Thurs. Dec 15, 2011 - News for 'EPL.V/EGPLF' - Eagle Plains Shareholders Meet to Consider Yellowjacket Spinout
Cranbrook, British Columbia CANADA, Dec 15, 2011 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC
Pink),will hold its Annual and Special Meeting today (December 15th) to
consider, and if approved, proceed with the Plan of Arrangement involving the
spinout of Eagle Plains' Yellowjacket Project, located in north-western British
Columbia, as originally announced September 29th, 2011. The spin-out company
will be called Yellowjacket Resources Ltd. and will be listed on the TSX Venture
Exchange. If approved, the application to the Alberta Supreme Court for the
final order is expected to take place on Dec. 19th, 2011, and the transaction is
expected to close on Dec. 19th, 2011. A summary of the key dates for the
transaction is outlined herein, subject to final approval from the TSX Venture
Exchange:
* December 15th, 2011: shareholder approval scheduled at AGM and Special Meeting
* Dec. 19th, 2011: the last day to acquire Eagle Plains shares on the TSX-V and
receive Yellowjacket shares upon closing of the transaction (considering three
day settlement);
* Dec. 19th, 2011: the transaction closes; court approval is scheduled, and
final materials are filed with TSX-V;
* Eagle Plains shareholders of record on Dec. 22nd, 2011, as at 12:01 a.m., will
be entitled to receive Yellowjacket shares;
* On or about Dec. 22nd, 2011: the trading of Yellowjacket shares is expected to
commence on the TSX-V under the trading symbol YJK.
Pursuant to the transaction, Eagle Plains shareholders of record reflected on
Dec. 22nd, 2011, as at 12:01 a.m., on the register of shareholders maintained by
Eagle Plains' registrar and transfer agent will receive one Yellowjacket share
in exchange for every three Eagle Plains shares held on said date.
About Eagle Plains Resources
Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.
Current third party agreements if maintained to completion, expose EPL to over
$50M in exploration expenditures, $5.7M cash and 13M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.
Expenditures during 2011 on Eagle Plains-related projects are expected to be
approximately $8,000,000, to be funded by Eagle Plains and third party partners.
This exploration work is expected to result in approximately 9400m diamond
drilling and extensive ground-based exploration work facilitating the
advancement of more than 15 projects at various stages of development.
Signed,
"Tim J. Termuende"
President and CEO
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.
To view this release as a webpage, please click the following link:
http://www.usetdas.com/pr/eagleplains12152011.htm
Source: Eagle Plains Resources Ltd. (TSX-V: EPL) http://www.eagleplains.ca
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Snoot: Nice chart. Looks like DX 81.32 should just about do it to. Somewhere around the UUP 23.45 area? or is that an overshot?
I keep waiting for UUP to touch 22.75-76 to give us a temp SPX bottom, but they wont allow it today? Maybe Thursday morning and then some "good" market news? We'll see.
Clearly sold my TNA yesterday at a loss, but went back in TZA and UUP, so back up some today. Trying to locate the bottom is tricky.
$SPX Dec 14, 2011 Pivot Points, Fib Pivots and Camarilla
R3 1,274.35 Fib R3 1,261.80 Brk Out Long 1,242.47
R2 1,262.10 Fib R2 1,250.54 Short 1,234.10
R1 1,243.92 Fib R1 1,243.24 HL2 1,231.31
Pivot 1,231.67 Pivot 1,231.67 HL1 1,228.52
1224>1211>1209> Waiting for 1205-1207 area...
S1 1,213.49 Fib S1 1,220.11 LL1 1,222.94
S2 1,201.24 Fib S2 1,212.81 LL2 1,220.15
S3 1,183.06 Fib S3 1,201.55 Long 1,217.36
Edit: Snoot: Ya that was my guess also, but as I said, the dollar...it is not OB and in breakout with a much higher resistance top, but there is always the word "hope" that could be applied by the end of the day...
We shall see. Waiting for the dollar 15min OB signal soon...SPX OS almost there...
Snoot: Is 1257-1260 possible on the 30, or 60 min?
I didn't post my TNA buy at market close, but got in at a good point. Looking for an exit point. Concerned with the dollar's next move here on OX week...
$SPX Dec 13, 2011 Pivot Points, Fib Pivots and Camarilla
R3 1,279.73 Fib R3 1,267.11 Brk Out Long 1,251.76
R2 1,267.39 Fib R2 1,256.83 Short 1,244.12
R1 1,251.93 Fib R1 1,250.15 HL2 1,241.57
Pivot 1,239.59 Pivot 1,239.59 HL1 1,239.02
S1 1,224.13 Fib S1 1,229.03 LL1 1,233.92
S2 1,211.79 Fib S2 1,222.35 LL2 1,231.37
S3 1,196.33 Fib S3 1,212.07 Long 1,228.83
Brk Out Short 1,221.18
Sold TZA Calls. Sold UUP Calls. Waiting for the 60min to go to OS to buy TNA call position.
The dollar has risen overnight, Fib support will be today's target?
$SPX Friday, - Dec 9, 2011 End of Day Data
1,234.48 1,258.25 1,234.48 1,255.19
$SPX Dec 12, 2011 Pivot Points, Fib Pivots and Camarilla
R3 1,287.90 Fib R3 1,272.84 Brk Out Long 1,268.26
R2 1,273.08 Fib R2 1,264.04 Short 1,261.73
R1 1,264.13 Fib R1 1,258.34 HL2 1,259.55
Pivot 1,249.31 Pivot 1,249.31 HL1 1,257.37
S1 1,240.36 Fib S1 1,240.27 LL1 1,253.01
S2 1,225.54 Fib S2 1,234.57 LL2 1,250.83
S3 1,216.59 Fib S3 1,225.77 Long 1,248.65
Brk Out Short 1,242.12
Bought TZA options at the close.
T1: I didn't plan it that way...before I left the office Friday, I thought I should put in a "what if" order.
I guessed what might be the lowest price they might charge if everything went south, or north in this case. The GTC order was filled at the end of the day for the low of the day. I found out this morning.
After looking at Snoot's 30 min chart this morning, I think that may have been a good thing. We'll see.
But I also saw that you sold your TZA position at a loss? Why?
The fast STO says it's near the bottom on your daily TZA chart. The CCI broke downward, but not in a confirmed manner. I hope this coming week will be a little easier on all of us.
Enjoy your weekend.
My best regards,
btrain
Agreed Snoot: Great 30 min chart. Very reliable tool. I left the office prior to the market close, but put in a GTC order as a "what if" just in cast. Bought some TZA options at the low...as it turned out. Ha, love when luck happens. Found out this morning!
Just thought I'd check in.
Enjoy your weekend.
btrain
Ha! I call that a "wedgie" because that's what it must feel like if you stay in the trade. Snoot hates that.
On a more serious note: I have been watching a +0.26% imbalance in favor of TZA at the moment.
Edit: Sold TNA 45.65. In cash over the weekend. Decided to take a more conservative position over the weekend as DAX either has to make a double top or reset. Don't like the chart at this time... Also SPX weekly is undefined at the moment.
Yes T1: 42.32.
But not because anyone else did. I saw a false flag setup with the Euro news pending and the dollar's unfinished cycle bottom. I still am holding and wait for my target area to be reached.
I also hold a Jan Exp dollar position that I am underwater on. But it's so small It doesn't matter much.
I think this may all be a different picture next week and TZA will rock...but again we shall see.
I tried to respond earlier but got an iHub error msg...
Edit: T1: Are you keeping your eye on the dollar?
There is a gap below the current level that may fill today, we shall see. If that happens my top may be in for this week.
If the $SPX breaks 1254 we will be setting up for my upper target of 1290-1294.
Edit: T1: I consider that risky, even though we are in the daily buy area, the dollar is failing to overcome resistance at DX$79. Also the dollar has yet to complete its down move oscillation. The Euro is headed back to support and with a little EURO news pump...well I guess you can see the rest.
I am going long TNA very soon. My initial target is $SPX 1294. INDU 12,300 range.
Snoot: Agreed. If the dollar can't breach DX $79 where it backed off from, and the SPX 200 line is acting as resistance, all we need is a little EURO pump to complete the dollar's lower support, driving the 500 up into the upper resistance area of your upper tine. 1292-1294 has to get accomplished first though. If that fails, well I guess TA will tell the rest of the story.
Edit: I guess they need to complete the 30 min. That may take UUP to 22.24? $SPX Fib S2 1,243.82-to-1239 area???
The Gap in the dollar has been filled. It took a week to fill. They can go back up now to 1255-1257 range, or above, but there is always the sideways dance.
That should give us that SPX high for Either today or Friday after that great news supporting the Euro to be announced?...The dollar futures are saying all this loud and clear. We shall see...
Shouldn't they first go to Fib Support, before they ramp it back up?
$SPX Wednesday, - Dec 7, 2011 End of Day Data
Open High Low Close
1,258.14 1,267.06 1,244.80 1,261.01
$SPX 8 Dec 2011 Pivot Points, Fib Pivots and Camarilla
R3 1,292.71 Fib R3 1,279.66
Brk Out Long 1,273.25
R2 1,279.88 Fib R2 1,271.42 Short 1,267.13
R1 1,270.45 Fib R1 1,266.08 HL2 1,265.09
Pivot 1,257.62 Pivot 1,257.62 HL1 1,263.05
1253>1251>1255
S1 1,248.19 Fib S1 1,249.16 LL1 1,258.97
S2 1,235.36 Fib S2 1,243.82 LL2 1,256.93
S3 1,225.93 Fib S3 1,235.59 Long 1,254.89
Brk Out Short 1,248.77