Eagle Plains Commences Exploration Activity at Dictator Gold Project, South-central British Columbia
Eagle Plains Commences Exploration Activity at Dictator Gold Project,
South-central British Columbia
Cranbrook, B.C., June 15th, 2021 : Eagle Plains Resources Ltd. (TSX -V:EPL) (“EPL” or “Eagle
Plains”) has mobilized crews to commence exploration fieldwork on the Dictator Project, located 70km
east of Vernon, B.C. (the “Property”). EPL holds the exclusive right to obtain a 100% interest in the
property (details below). Current fieldwork will consist of pros pecting and soil geochemical sampling
which follows a 2-Phase airborne magnetometer survey carried out by Eagle Plains in late 2020 and early
2021. The survey outlined two prominent magnetic features within an area where high-grade gold
mineralized float b oulders were located during the summer of 2020. Permitting is underway for future
diamond drilling, with program scope to be determined based on results from the current program. 2021
program work will be managed by TerraLogic Exploration Services of Cranbrook, BC.
See Dictator Project Location Map here
The Dictator Property is 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 mineralization in these rocks, the D ictator
area has seen relatively little exploration activity by industry or government. Management cautions that
past results or discoveries on proximat e land are not necessarily indicative of the results that may be
achieved on the Dictator property.
See Dictator Regional Projects Map here
The Property consists of 6 tenures comprising 2578 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 in Summer,
2020, grab samples from the Morning workings ranged from trace values 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 0.12%
cadmium (sample TTLPR015*).
Prospecting in 2020 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 of
ongoing work. *Management cautions that rock grab samples are selective samples by nature and as such
are not necessarily representative of the mineralization hosted across the property.
Over the winter of 2020/2021, Eagle Plains carried out two airborne geophysical (magnetometer) surveys
which outlined two prominent magnetic features which appear to be related to known mineralization and
also correspond with the area within which mineralized float boulders were located.
See Dictator Airborne Geophysical Results Map here
Dictator Option
Eagle Plains holds the exclusive option 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. Under
terms of the agreement, EPL will make exploration expenditures 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.
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 C anada. 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. Eagle Plains also holds signi ficant 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 maintain prosperous communities by exploring for and
discovering resource opportunities while building lasting relationships through h onest and respectful
business practices.
Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, the majority 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 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 upc oming 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.