Eagle Plains Resources Ltd
CRANBROOK, BC / ACCESSWIRE / August 12, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) ("EPL" or "Eagle Plains") has mobilized personnel to conduct exploration activities on its 100% owned, 1868 ha Ant Lake Cu-Ni-PGE project located 140km north of Southend, Saskatchewan on the west shore of Reindeer Lake. The claims cover 4 known mineral occurrences associated with mafic to ultramafic plutons assigned to the Peter Lake Domain. The property is free of underlying royalties or other encumbrances.
Trench samples over the Ant Lake Showing area returned values of 0.58% to 1.48% Cu, 0.003% to 0.070% Ni, and 91 to 4,000 ppb Pd, and 81 to 561 ppb Pt (Saskatchewan Mineral Deposit Index "SMDI" 2373). One sample taken by Canadian Platinum Corp. (Sample 166822) contained 99.3 ppm PGE (Au+Pt+Pd), 2612 ppm Cu, and 133.4 ppm Ni.
At the Antoine Showing (SMDI 2374) grab samples from trenches included:
- Sample B-2-62 1.4% Cu, 461 ppb Pd, 132 ppb Pt
- Sample E-99 1.4% Cu, 2598 ppb Pd, 178 ppb Pt
- Sample F-98 0.79% Cu, 3828 ppb Pd, 286 ppb Pt
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property
Drill hole ANT-4, drilled under the original ANT trenches, intersected 3.5 m with 0.37% Cu, 124 ppb Pd and 100ppb Pt from 48.4 - 51.9 m. The mineralization was interpreted to be related to a northerly trending fracture zone, possibly related to a splay off the regional Tabbernor Fault System.
Property Geology and History
Mineralization in the Ant Lake area was identified by Husky Oil who discovered the Wiley Bay Cu Showing (SMDI 0569) in 1970 during follow up work on a regional EM/mag geophysical survey. In 1985 Lacana Exploration and International Platinum Corp. staked claims in the area which resulted in the discovery of the Ant Lake (SMDI 2373) and Antoine's (SMDI 2374) Cu-Ni-Pt-Pd mineralization. A Lacana-SMDI partnership continued exploration in 1986 completing ground geophysics, soil sampling and trenching.
The last significant work in the area was by Canadian Platinum Corporation in 2012 with the completion of 6 drill holes in the immediate Ant Lake Showing area.
The above results were taken directly from the SMDI descriptions and assessment reports filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work in the Ant Lake property area. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and a Director of Eagle Plains Resources Ltd., has prepared, reviewed, and approved the scientific and technical disclosure in this news release.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 37,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
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.
SOURCE: Eagle Plains Resources Ltd.
View source version on accesswire.com:
https://www.accesswire.com/659150/Eagle-Plains-Commences-Fieldwork-at-Ant-Lake-PGE-Project
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESSWIRE
Subscribe to releases from ACCESSWIRE
Subscribe to all the latest releases from ACCESSWIRE by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESSWIRE
Karbon-X Project Inc.28.3.2024 20:02:55 CET | Press release
Karbon-X and Drax Group Partner in Major Step for Carbon Removal Market
Naomi Sarna Designs28.3.2024 17:03:43 CET | Press release
703-Carat L'Heure Bleu Tanzanite Carving Sets New GUINNESS WORLD RECORDS(TM) Title as World's Largest Cut Tanzanite
INFORMA MARKETS - INFRASTRUCTURE AND CONSTRUCTION28.3.2024 16:43:42 CET | Press release
JLC LIVE New England Draws Nearly 9,000 Industry Professionals to Learn from Expert Builders and Discover Products Shaping the Dynamic Residential Construction Sector
mymediset28.3.2024 12:12:56 CET | Press release
mymediset LiveSync: mymediset and Terso Solutions Announce a New Partnership to Deliver a Revolutionary Supply Chain Platform for Live Consignment Tracking and Automation
Innodata Inc.27.3.2024 14:03:46 CET | Press release
Innodata to Host Webinar on Safeguarding LLM Deployment: Model Evaluation and Red Teaming
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom