Eagle Plains Acquires High-Grade B.C. Graphite Property
Eagle Plains Acquires High-Grade B.C. Graphite Property
Cranbrook, B.C., April 19th , 2018: Eagle Plains Resources Ltd. (TSX-V: “EPL”) is pleased to
report that is has acquired by staking a high -quality graphite project. The 711 ha, road-accessible Slocan
Graphite Project is located 32km northeast of Nelson, British Columbia and is owned 100% by Eagle
Plains with no underlying royalties or encumbrances . The property hosts several large flake graphite -
bearing outcrops and float occurrences known as the Tedesco Zone, which is interpreted to extend over
2.0km.
Graphite is a naturally occurring form of carbon and is an excellent conductor of both electricity and
heat. It is becoming increasingly important as a critical strategic compone nt in advancing alternative
energy solutions including wind and solar power, hybrid vehicles and other alternative energy uses. It is
also a mainstay of the steel production industry. Canada is currently ranked as the 5 th largest supplier of
graphite.
The Slocan Graphite Project benefits from excellent infrastructure including a high-voltage transmission
line within 1.2 km of the property boundar ies, an extensive network of forestry roads on and around the
property, and an existing graphite processing plan t and facilities located 1.5 km west of the property ,
owned by Eagle Graphite Corporation.
Graphite mineralization was initially discovered in logging road exposures in the late 1990’s. Ground
and airborne geophysical surveys were completed in the project area in 2000 and 2010 respectively.
Both surveys indicated strong conductive anomalies that correlate well with surface mineralization and
are interpreted to extend along strike and down -dip of known occurrences. A limited number of
documented samples have been taken across the Tedesco horizon and analysed for carbon graphite
ranging in grade from 1.2 to 3.5 per cent.
Graphite mineralization is hosted primarily in carbonate and calc-silicate lithologies within the Passmore
Dome of the Valhal la Metamorphic Complex, a geologic setting consistent with a crystalline flake
graphite deposit model. Previous operators have estimated the mineralized horizon to be up to 50m
thick, however cite that it is difficult to determine due to a lack of surface exposure. The horizon has
never been tested by diamond drilling.
Past workers in the area concluded: “ Although the graphite occurrences at Tedesco are in the early
stages of exploration, geological, assay, and geophysical data indicate significant pot ential to form an
economic deposit” (BC Assessment Report 26537). Eagle Plains geologists are of the opinion that t he
high-quality, large flake character of the graphite mineralization found to date, spatial extent of
conductivity from the 2010 airborne EM survey, minimal historic exploration activity, excellent
proximity to infrastructure and the favorable economic outlook for graphite as a strategic commodity
make Slocan Graphite a compelling project for continued exploration and a potentially significant
addition to Eagle Plain’s broad and varied portfolio of exploration projects. The acquisition is consistent
with EPL’s policy of identifying and acquiring undervalued exploration projects during downturns
within a particular commodity space.
Technical aspects of this news release have been reviewed and approved by C.C. Downie, P.Geo.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral
projects throughout western Canada. EPL 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. Managements’ current focus is to preserve its
treasury while advancing 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. Since 2012, Eagle Plains has added to its por tfolio a number of new projects exceeding
130,000 ha targeting mainly gold, uranium and base-metals in Saskatchewan, a highly-prospective mining
jurisdiction which was recently recognized by the Fraser Institute as the second best place in the world in
terms of Investment Attractiveness. 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 -2017 on Eagle Plains -related projects were approximately $16.5M, which was
funded by Eagle Plains and for the most part, by third -party partners. This exploration work resulted in
approximately 15,000 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 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.