Eagle Plains Commences 2017 Fieldwork at Vulcan Silver-Lead-Zinc Project, Southeastern B.C.
Eagle Plains Commences 2017 Fieldwork at Vulcan Silver-Lead-Zinc
Project, Southeastern B.C.
Cranbrook, B.C., 03 August, 2017: Eagle Plains Resources Ltd. (TSX-V: “EPL”) has mobilized
field crews to carry out exploration activity on it s Vulcan project located near Kimberley, BC. The
property is considered to hold significant potentia l to host silver-lead-zinc mineralization similar t o that
at the world-class Sullivan deposit, located 30km t o the east. The Vulcan project is owned 100% by
Eagle Plains and carries no underlying royalties or encumbrances.
2017 work will be carried out by TerraLogic Explora tion Ltd. of Cranbrook, B.C. under the supervision
of Mike McCuaig, P.Geo. Fieldwork is follow-up to a successful 2016 program which consisted of
geological mapping and prospecting, geochemical and ground-based geophysical surveys. A total of 539
soil and 57 rock samples were collected throughout the course of work. The 2016 program resulted in
the re-interpretation and relocation of the surface projection of the Lower Middle Aldridge Contact
(“LMC”)-the stratigraphic time horizon which hosts the world-class Sullivan deposit, and the
identification of a pronounced, 1.6km-long coincide nt lead/zinc anomaly which overlies the inferred
trace of the LMC. Current exploration activity is d esigned to further define drill targets and to test
geochemical and geophysical features outlined earlier on the property. The project is currently permitted
for drilling.
A map outlining the Vulcan property and recent work program may be found here:
http://www.eagleplains.com/projects/vulcan
Management of Eagle Plains considers the Vulcan pro ject to hold excellent potential for the presence o f
Sullivan-style lead-zinc-silver sedimentary-exhalat ive (“sedex”) mineralization. Rocks underlying
Vulcan are within the same sedimentary sequence and host mineral occurrences with mineralization and
alteration styles similar to those observed around the Sullivan mine. The Main (Hilo) mineral occurrence
at Vulcan returned up to 1.6 % combined lead-zinc o ver 1.5 metres from rocks at the Lower-Middle
Aldridge contact; the same time-stratigraphic horizon which hosts the Sullivan deposit.
The Sullivan mine was discovered in 1892 and is one of the largest sedex deposits in the world. Over i ts
100+ year lifetime, Sullivan contained a total of 1 60 million tonnes of ore averaging 6.5% lead, 5.6%
zinc and 67 g/t silver, resulting in 298 million ou nces of silver, 18.5 billion pounds of lead, 17.5 b illion
pounds of zinc, and significant quantities of assoc iated metals; collectively worth over $20B at curre nt
metal prices. Management cautions that past results or discoverie s on proximate land are not
necessarily indicative of the results that may be achieved on the Vulcan property.
Vulcan Project History
Sullivan-style mineralization was first reported in the mid-1950s at the Vulcan Project. During the
1970s and 1980s, Texas Gulf Sulphur and later Comin co completed extensive geophysical work and
drilled shallow holes to test for continuous minera lization in areas of the property. The most
comprehensive testing occurred in the early 1990s by Ascot Resources. In 1991 a five-hole, 1,003m drill
program was completed, with three holes totaling 1, 535m completed in 1992. The down-dip extension
of the 1991 holes on the Vulcan Property is an exploration target which remains untested.
Since acquiring the initial claims on the property in 2005, Eagle Plains has completed an extensive
compilation of all existing data, followed in 2006 by a 125 line-km helicopter-borne time-domain
geophysical survey flown at 200m spacing. In 2011, EPL and partner Navy Resources contracted Fugro
Airborne to conduct a 318 line-km helicopter gravit y gradiometry (AGG) survey of the property.
Geochemical and geological mapping programs were co nducted by Eagle Plains in 2012, 2014 and
2016.
In keeping with its mandate as a prospect generator , Eagle Plains is currently seeking joint-venture
participation for Vulcan and other projects in its diverse portfolio.
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 towa rd 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 explora tion projects. In addition, Eagle Plains continues to
seek out and secure high-quality, unencumbered proj ects 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 b y the Fraser Institute as the best place in the wor ld in
terms of Investment Attractiveness. Throughout the exploration process, our mission is to help maintai n
prosperous communities by exploring for and discove ring resource opportunities while building lasting
relationships through honest and respectful business practices.
Expenditures from 2011-2016 on Eagle Plains-related projects were approximately $16.0M, which was
funded by Eagle Plains and, for the most part, by t hird-party partners. This exploration work resulted in
approximately 15,000 m of diamond-drilling and exte nsive ground-based exploration work facilitating
the advancement of numerous projects at various stages of development.
Technical aspects of this news release have been re viewed and approved by Charles C. (Chuck) Downie,
P.Geo.
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.