Eagle Plains Partner Earthwise Commences Fieldwork at the Iron Range Gold Project, British Columbia
Eagle Plains Partner Earthwise Commences Fieldwork at the Iron
Range Gold Project, British Columbia
Cranbrook, B.C., July 14th, 2025: Eagle Plains Resources Ltd. (TSX-V:EPL) (OTCQB: EGPLF)
(“EPL” or “Eagle Plains”) is pleased to announce that partner Earthwise Minerals Corp. (CSE: WISE)
(“WISE” or “Earthwise”) has mobilized exploration crews to commence 2025 fieldwork at Eagle Plains
100% owned Iron Range Project. Earthwise holds the exclusive option to acquire up to an 80% interest
in the Iron Range Project.
The 21,437ha Iron Range Project is considered by management of both Eagle Plains and Earthwise to hold
excellent potential for the presence of structurally controlled gold-silver mineralization, iron-oxide copper-
gold (“IOCG”) and Sullivan -style lead-zinc-silver sedimentary-exhalative (“sedex”) mineralization. The
property is owned 100% by Eagle Plains, with part of the property subject to an underlying 1.0% Net
Smelter Royalty held by a third party.
The 2025 fieldwork will be carried out in two phases, with the focus on detailed follow up of historic soil
geochemical and till anomalies, and geophysical targets in the Talon Zone area, prospecting and mapping
along structural splays of the Iron Range Fault, and evaluation of historical mineral occurrences.
The first phase of fieldwork will target the Pyromorphite Zone (BC MinFile 082FSE141). Mineralization
was discovered in 2009 after construction of logging roads exposed sheared and brecciated sediments
hosting cm-scale quartz veins bearing pyromorphite (lead) mineralization. No significant work has been
completed at the zone since its initial discovery by the previous tenure holder. Rock (grab) sample SK10-
207 reports 27.0 g/t Au, 173.0 g/t Ag, and 13.4% Pb (BC Assessment Report 31659). Rock (grab) sample
MK10-170 reports 54.7 g/t Au, 42.2 g/t Ag, and 2.8% Pb (BC Assessment Report 31659). 2025 fieldwork
is planned to relocate the original sample locations and conduct surficial geochemical surveys and detailed
geological mapping to better understand the struc tural controls on veining and further asses s the
distribution of the reported mineralization.
Drilling at Iron Range in 2010 resulted in the discovery of the Talon Zone, where drill -hole IR10-010
intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1g/t gold, 1.86%
lead, 2.1% Zinc, 75.3g/t silver and 7.1m grading 8.13g/t gold, 2.84% lead, 3.07% zinc, 86.6g/t silver (Eagle
Plains news release December 21st, 2010). Previous drilling 10km north of the Talon Zone in 2008 by
Eagle Plains intersected gold mineralization in drill -hole IR08006 which assayed 7.0m grading 51.52g/t
(1.50 oz/ton) gold (Eagle Plains news release dated April 20th, 2009).
Iron Range Option Agreement Details
To exercise the Option, Earthwise must make a series of cash payments and share issuances to Eagle Plains
and fund exploration expenditures on the Project. These payments, share issuance and expenditures are
separated into two phase s, with the first Option entitling the Company to acquire a 70% interest in the
Project by paying CA$2 50,000, issuing an aggregate of 1,500,000 common shares to EPL and funding
CA$4,000,000 in exploration expenditures on the Project by over a four-year term, including $200,000 in
expenditures in 2025. Pursuant to the second phase of the Option, the Company may acquire an additional
10% interest in the Project (for an 80% total interest) by notifying Eagle Plains of its intent to increase its
interest to 80% and making an additional one -time payment of CDN$ 1,000,000 cash, and completing a
bankable feasibility study on the Property, before the eighth anniversary of the Option.
If the First Option or the Second Option is exercised, a 2% smelter returns royalty will be granted to the
Eagle Plains over the entire property, 1% of which may be repurchased for CA$1,500,000.
Eagle Plains will serve as Operator under the terms of Option and will reserve the right to use TerraLogic
Exploration Inc. as geoscience consultant. Following the exercise of either Option 1 or 2, Earthwise and
Eagle Plains shall then form a 70/30 or 80/20 joint venture (“JV”) to further explore and develop the
Property.
See Iron Range Project Information here
Iron Range Project Summary
The 21,437ha Iron Range Project located near Creston, BC, is owned 100% by Eagle Plains, subject to a
1% NSR held by a third party on a portion of the claim group. A well-developed transportation and power
corridor transects the southern part of the property, including a high -pressure gas pipeline and a high -
voltage hydro-electric line, both of which follow the CPR mainline and Highway 3. The rail line provides
efficient access to the Teck smelter in Trail, B.C. The project is fully permitted with a Multi-Year Area
Based (MYAB) permit in place issued by the BC Ministry of Mining and Critical Minerals that includes
provisions for geophysical work, mechanical trenching, access trail construction and diamond drilling.
The Iron Range property covers an extensive area approximately 10km x 32km which overlies the regional
Iron Range Fault System (“IRFS”). Prior to the acquisition by Eagle Plains in 2001, the property had seen
little systematic exploration for other than ir on resources known to exist on the property since the late
1800s. Since 2001, Eagle Plains and its partners have completed 21,593m of diamond-drilling in 87 holes,
collected 2482 line -km of airborne and surface geophysical data and analysed 10,053 soil geo chemical
samples, 495 rock samples and 6955 drill core samples.
Rock grab samples are selective samples by nature and as such are not necessarily representative of the
mineralization hosted across the property. Some of the above results were taken directly from MINFILE
descriptions and assessment reports (ARIS) filed w ith the BC government. Management cautions that
historical results were collected and reported by past operators and have not been verified nor confirmed
by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions
that past results or discoveries on proximate land are not necessarily indicative of the results that may be
achieved on the subject properties.
Qualified Persons
Charles C. Downie, P.Geo., a “qualified person” for the purposes of National Instru ment 43 -101 -
Standards of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and
approved the scientific and technical disclosure in this news release.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well -funded, prolific project generator that continues to
conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical
metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the fourth -oldest listed issuer on the TSX-V (and the only one
of these four that has not seen a roll -back or restructuring of its shares). Eagle Plains has continued to
deliver shareholder value over the years and thr ough numerous spin outs has transferred over
$100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold
Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:“ER”) was listed
on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada. On July 02,
2025, ER announced that it had entered into a definitive amalgamation agreement with Summit Royalty
Corp. pursuant to which Summit will “go -public” by way of a reverse takeover (RTO) of ER. Eagle
Royalties shareholders will receive a consideration of $0.18 per ER share, representing a premium of 47%
based on ER’s closing price on June 30, 2025 on the Canadian Securities Exchange. Completion of the
RTO is subject to a number of conditions, including, but not limited to, Exchange acceptance and required
shareholder approvals of ER and Summit. There can be no assurance that the RTO will be completed as
proposed or at all.
On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company
that will give Eagle Plains’ shareholders direct exposure to strategic opportunities in Canadian green
energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. (“OP”) will focus
on identifying and advancing innovative and diverse clean energy project portfolios in target markets
throughout Canada, with an initial focus on Western Canada.
Eagle Plains’ core business is acquiring grassroots critical- and precious-metal exploration properties. The
Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of
projects toward discovery through collaborative partnerships and development of a highly experienced
technical team.
Expenditures from 2010-2024 on Eagle Plains-related projects exceed $39M, the majority of which was
funded by third -party partners. This exploration work resulted in approximately 50,000m of diamond -
drilling and extensive ground-based exploration work facilitating the advancement of numerous projects
at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring
for and discovering resource opportunities while building lasting relationships through honest and
respectful business practices.
On behalf of the Board of Directors
“C.C. (Chuck) Downie” P.Geo
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: [email protected] or visit our website at https://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.