EGR Exploration Receives Approval for Exclusion of Claims on the Frenchman River Watershed within the Detour West Property
Trading Symbol (TSX-V: EGR)
410-325 Howe Street
Vancouver, British Columbia
Canada V6C 1Z7
Tel: (604) 687 3520
Fax: 1-888-889-4874
www.EGRExploration.com
EGR Exploration Receives Approval for Exclusion of Claims on the Frenchman
River Watershed within the Detour West Property
Vancouver, BC, August 20, 2024 – EGR Exploration Ltd. (TSX-V:EGR) (“EGR” or
the “Company”) is pleased to announce that it has successfully submitted and received
approval for exclusion of select claims on the Detour West Property that cover the
Frenchman River Watershed.
In the process of communication and engagement with the Moose Cree First Nation
regarding the Detour West Property, it became apparent that there is significant
importance to the sensitive area of the Frenchman River Watershed. As such, EGR
applied for the exclusion and extension on claims held within the watershed in order to
help protect them. EGR will continue to apply for exclusions on the area protected from
future development. The twenty-seven claims in the exclusion are located on the
western third of the Detour West Property (see fig1).
Daniel Rodriguez CEO and Director comments, “From day one, in doing our review of
the Detour West Property we realized that the watershed is important not only for the
Moose Cree First Nation but to the environment around us. We respect that and will
continue to apply for successive exclusions in the future so that these claims remain
protected within EGR.”
(Fig 1: Detour West property in red. French River Watershed in light green on western side of property)
Exploration Update
EGR is currently permitting 580 drill holes in order to maximize flexibility in upcoming
exploration programs on the Detour West Property (see fig 2). These holes are planned
in a modified grid format to cover tighter spaced areas over potential high priority targets
while minimizing disturbance by using as much of the existing trail network and existing
road access for the planned holes. The planned drilling will aim to collect till samples for
gold grain analyses to identify gold dispersal trains in till, which may vector
management to high priority targets representing the source of the gold anomalies. In
addition, each hole will aim to test the upper few metres of bedrock to help classify
lithology, alteration, potential structures and the presence of mineralization.
(Fig 2: Planned and pending RC drill holes on Detour West property.)
Other Developments
Agnico Eagle Mines (Agnico) recently announced their 2024-2025 exploration plans for
Detour Lake area. In addition to infill drilling and resource expansion of their west pit
and western extension, Agnico is following up on some exploratory targets within five
kilometres towards EGR’s Detour West property (see fig 3).
(Fig 3: Detour West property in blue bordering Agnico in purple. Arrow pointing to red box where Agnico is following up on drill
targets 5km from Detour West. (Source: https://s21.q4cdn.com/374334112/files/PressReleaseImagesOnly/Q2-2024/Detour-Lake-
Mine-Geology-and-Property-Map.png))
Corporate Update
EGR has submitted an application pending approval, for the Ontario Junior Exploration
Program grant (OJEP). If successful, EGR would receive up to $200,000 in matching
funds to apply for exploration of the Detour West property. This is a non dilutive
transaction and goes into exploration.
“We continue to look at all our options with the Detour West property. Having additional
drill holes planned allows us to be ready to react to results or pivot more quickly to an
area of interest. With the application of this years OJEP grant we plan to execute on a
program this winter to test our high priority target areas. Also, to have Agnico exploring
west towards our property is exciting news.” Daniel added.
The technical information contained in this news release has been approved by Brian
Atkinson, P.Geo. who is a Qualified Person as defined in National Instrument 43-101,
Standards of Disclosure for Mineral Projects.
About EGR Exploration Ltd.
EGR Exploration Ltd. is exploring for gold in the Detour-Fenelon Gold Trend
approximately 300 kilometres north of Timmins, Ontario. EGR’s 34,681 hectare Detour
West gold project is contiguous to Agnico Eagle’s property which contains the Detour
Lake Gold Mine and is approximately 20 kilometres from the mine, which is also hosted
in the Abitibi Greenstone Belt.
For further information contact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: [email protected]
Forward‐Looking Statement (Safe Harbor Statement): This press release contains forward-looking
statements within the meaning of applicable securities laws. The use of any of the words "anticipate",
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and similar expressions are intended to identify forward-looking statements. In particular, this press
release contains forward-looking statements concerning the Company's exploration plans. Although the
Company believes that the expectations and assumptions on which the forward-looking statements are
based are reasonable, undue reliance should not be placed on the forward-looking statements because
the Company cannot give any assurance that they will prove correct. Since forward-looking statements
address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number of assumptions, factors
and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated
with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory
and shareholder approvals. Management has provided the above summary of risks and assumptions
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