Eagle Plains Commences Drilling at Donna Gold Project, Options Neighbouring Dictator Property, Southern BC
Eagle Plains Commences Drilling at Donna Gold Project, Options
Neighbouring Dictator Property, Southern BC
Cranbrook, B.C., October 5th, 2020: Eagle Plains Resources Ltd. (TSX -V:EPL) (“EPL” or “Eagle
Plains”) has mobilized crews to commence drilling on its 100%-owned Donna Project located 60km east
of Vernon, B.C. Eagle Plains is planning a 5-7 hole, 1,500m (5,000’) drill program to test for gold and
silver mineralization associated with a prominent gold in soil ge ochemical anomaly delineated at the
Gossan Zone and to complete the first-ever drilling in the area of the historical Morgan mine workings.
The Donna Property and recently-acquired Dictator Option (details below) are both road-accessible and
located within rocks of the prolific Quesnellia Terrane, host to many major B.C. porphyry deposits such
as Highland Valley, Gibraltar, Mount Polley, Mount Milligan , Copper Mountain and others. Despite the
rich endowment of mineralizatio n in these rocks, the Donna area has seen relatively little exploration
activity by industry or government. Placer gold c laims overlie many of the creeks draining the Donna
Property. Management cautions that past results or discoveries on proximate land ar e not necessarily
indicative of the results that may be achieved on the Donna or Dictator properties.
The upcoming drilling program planned by Eagle Plains is designed to provide a test of near-surface, high
grade precious metal mineralization and to sear ch for signs of deeply -buried porphyry -style
mineralization.
Donna Project Summary - see map here
The core claims of the Donna property were acquired in 2016 by Eagle Plains with additional tenures
subsequently added through staking. Certain claims comprising the property are subject to an underlying
2% royalty. The project area is located in the Monas hee Mountains within the source headwaters of the
historic Kettle River and Yeoward Creek placer gold camps. The claims lie within one of the largest
clusters of anomalous values in gold and typical associated pathfinder elements identified in the British
Columbia Regional Geochemical Surveys stream -sediment program carried out in the joint Federal -
Provincial programs from 1985 -1990.
The Donna p roperty is underlain by a sequence of marine sediments comprising carbonaceous black
argillite, limestone, an d volcanic rocks of Permian to Lower Triassic age. Locally these rocks were
intruded by stocks and plugs of mafic -intermediate composition. The project area is considered to hold
good potential to host intrusive-related gold mineralization.
Since acquiring the property, Eagle Plains has carried out annual systematic exploration including a 470
line-km geophysical survey in 2017 which followed a comprehensive compilation of all historical work.
The property boasts a robust GIS database consisting of rock, s oil, silt, till, trench and drill -hole results
within and adjacent the property area. In July, 2020, EPL completed the purchase of historical crown grants
covering workings documented at the St. Paul and Morgan mines (BCMINFILE 082LSE010) , which
include shafts, tunnels, winzes and an unknown number of open cuts and trenches, as well as a tramline
and stamp mill that operated in the early 1900’s. Recorded production from the St. Paul and Morgan
deposits for the period 1914 -1961 total 392 tonnes con taining 5,630 grams of gold, 112,406 grams of
silver, 3,720 kilograms of lead and 1,258 kilograms of zinc. Various geological reports and government
publications report underground sampling returning values ranging from trace quantities to highs of up to
93.9 g/t (2.74 oz/t) gold and 60.3 g/t (1.76 oz/t) silver over a 0.6m sample width. All historical mine
workings are currently inaccessible. The previous results were taken directly from the BCMINFILE
descriptions and assessment reports filed with the BCEMPR. 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 at the Donna property.
No historical drilling activity has been reported on the St Paul/Morgan property. As announced on
September 3 rd, 2020 , Eagle Plains recently completed a 211 line -km airborne magnetometer and
radiometric geophysical survey on the property.
Donna project management will be carried out by TerraLogic Exploration Services of Cranbrook, B .C.
under the supervision of Michelle McKeo ugh, P.Geo. Drilling activity is expected to take 2 -3 weeks to
complete.
Dictator Option
Eagle Plains has executed an agreement (subject to regulatory approval) with Aurum Vena Mineral
Resources Corp. of Cherryville, BC, whereby EPL may earn up to a 100% interest in the Dictator
(formerly Lightning Peak ) property located 20km south of the Donna project. Under terms of the
agreement, EPL will make exploration expend itures totalling $150,000, cash payments of $70,000 and
share payments of 250,000 shares over a four year period to earn its interest. A one percent net smelter
return royalty will be reserved for the vendor, which may be purchased by Eagle Plains for $1M.
The Dictator property consists of 6 tenures comprising 2079 ha overlying Jurassic -aged porphyritic
intrusive rocks that are host to parallel gold -bearing veins that have seen limited past production at the
Dictator and Morning occurrences. During a property inspection carried out by Eagle Plains personnel
earlier this year, grab samples from the Morning workings ranged from trace val ues to a high of 39.4 g/t
gold and 912 g/t silver (sample TTLPR016) and 1.31 g/t gold, 205 g/t silver, 1.88% lead, 5.03% zinc and
.12% cadmium (sample TTLPR015).
Prospecting earlier this year by property owner Milo Mielniczuk, B.Sc. (Geol.) resulted in the discovery
of numerous float boulders containing brecciated semi-massive sulphides that consistently contain highly
elevated gold, lead and zinc mineralization with values ranging from trace quantities to a high of 5.84 g/t
gold, 30.6 g/t Ag, 3680 ppm lead and 674 ppm zinc (sample TTLPR010 *-float boulder). The source of
the boulders is unknown and will be the focus o f ongoing work, which is expected to commence
immediately and will consist of a soil geochemical survey to be completed by Aurum Vena with a follow-
up airborne geophysical survey planned for later this year.
Analytical and QA/QC description
Samples were shipped to ALS Laboratories in Vancouver, British Columbia , where they were crushed
until 70% passed a 2mm sieve, then a 250g split was pulverized until better than 85% passed a 75-micron
screen. Gold was tested via fire assay method Au-ICP21 with all ore-grade samples (>10 g/t) undergoing
fire assay with gravimetric finish. ALS performed multi -element ICP-AES package ME -ICP41 in their
Vancouver facility to test for 35 other elements.
Technical aspects of this news release were reviewed and approved by Charles C. Downie, P.Geo.,
“qualified person” for the purposes of National Instrument 43 -101-Standards of Disclosure for Mineral
Projects, and a director of Eagle Plains Resources Ltd.
Incentive Options Granted
Eagle Plains has granted incentive stock options to directors, employees and key consultants of the
Company for the purchase of a total of 2,200,000 shares at an exercise price of $.20 per share, expiring
October 5th, 2025, pursuant to the Company’s current option plan (subject to regulatory approvals).
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 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 p ortfolio 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 one of the top 3 jurisdictions 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 2011-2019 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.