Eagle Plains and Mas Gold Execute Purchase Agreement for Preview Lake Area Claims, Saskatchewan
Eagle Plains and Mas Gold Execute Purchase Agreement
for Preview Lake Area Claims, Saskatchewan
Cranbrook, B.C., October 10th, 2019: Eagle Plains Resources Ltd. (TSX-V: “EPL”) and MAS Gold
Corp. (TSX -V:“MAS”) have executed a formal agreement whereby MAS has purchased a 100%
undivided interest in the 1,472 ha Preview Lake Claims located approximately 50km north of La Ronge,
Saskatchewan. Under the terms of the agreement (subject to regulatory approval), MAS will acquire a
100% interest in the 3 individual tenures by issuing to Eagle Plains a total of 300,000 common shares and
make a cash payment $1,500. Eagle Plains shall be entitled to a royalty of 2% of net smelter returns with
a buyback to 1% upon payment of $CDN 1,000,000.
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 shareholde r 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 exp loration 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 portfolio 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 2011-2018 on Eagle Plains-related projects exceed $20M, most of which was funded
by third-party partners. This exploration work resulted in approximately 30,000 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.