Eagle Plains Acquires Additional Claims to Uranium Portfolio, Saskatchewan
Eagle Plains Acquires Additional Claims to Uranium Portfolio, Saskatchewan
Cranbrook, B.C., March 17th, 2021: Eagle Plains Resources (TSX -V:EPL) has completed staking
activity adding 989 ha to the 2410 ha Lazy Edward Bay Project located about 60 kilometers west of the
Key Lake Mill and historic mine. The claims are owned 100% by EPL and have no underlying
encumbrances.
Lazy Edward Bay consists of four claims immediately south of the southern margin of the Athabasca
Sandstone and east of the Cable Bay Shear Zone, a crustal-scale, regional geological boundary. The project
covers several shallow uranium exploration targets including three priority geophysical anomaly targets
identified by a 2010 high sensitivity airborne magnetic gradiometer survey carried out by JNR Resources.
The property has never been drilled.
16 kilometers west of Lazy Edward Bay, Eagle Plains controls the 4066 ha Cable Bay Project. Also located
along the Athabasca Basin margin, the Cable Bay tenures cover EM geophysical conductors and two high
priority magnetic gradiometer survey picks from the 2010 JNR survey. The geophysical anomalies are
located within and adjacent to the Cable Bay Shear Zone and the property is thought to be prospective for
shallow basement-hosted uranium mineralization.
See Lazy Edward Bay/Cable Bay map here
Additional Eagle Plains Uranium Projects
See EPL Saskatchewan Project Summary map here
Eagle Plains holds a 100% interest in a number of uranium projects in Saskatchewan including:
• Bell Lake West Project, located approximately 15km west of ISO Energy’s Hurricane discovery
• Eagle Lake Project (U – Rare Earth Element (“REE”))
• Flat Rock Island Project (U)
See Bell Lake West map here
The above results and information were taken directly from the Saskatchewan Mineral Deposit Index
(SMDI) 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 on the subject properties. Past results or
discoveries on proximate lands are not necessarily indicative of the results that may be achieved on the
subject properties.
Eagle Plains Uranium Royalties
Eagle Plains holds a number of strategic uranium and REE royalties in Saskatchewan with corporations
including Cameco, Orano, Denison Mines, ALX, UEX and others.
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 dis covery 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 maintai n 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, most 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: [email protected] 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 Ven ture 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.