Eagle Plains Commences Fieldwork on Orchid Gold Project, Saskatchewan
Eagle Plains Commences Fieldwork
on Orchid Gold Project, Saskatchewan
Cranbrook, B.C., May 31st, 2017: Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle
Plains”) has mobilized field crews to commence exploration activity on its’ 100%-owned Orchid project,
located 120km east of La Ronge, Saskatchewan and 70 km south of Silver Standard Resource’s Seabee
Gold Operation. The 2250 ha property is situated al ong the same structural corridor and within rocks
similar to those currently being mined at Seabee. T he property is considered to hold significant poten tial
to host gold mineralization.
A summary map outlining pertinent features of the p roperty may be found here:
http://www.eagleplains.com/sites/default/files/Orchid_May%202017v2.pdf
Fieldwork is being carried out by TerraLogic Explor ation Inc. of Cranbrook, BC under the supervision
of Jarrod Brown, P.Geo. Work is expected to take 2-3 weeks and will consist of geological mapping and
sampling, trenching and soil geochemical surveys.
The Orchid project was staked by Eagle Plains in 20 14 and was optioned to North Arrow Minerals who
explored the property for its diamond potential unt il relinquishing the option in 2016. The property has
historically been explored for its gold potential s ince the mid-1980s and contains numerous high-grade
mineral occurrences grading from trace values to hi ghs of 41.3 g/t (Orchid Au Zone), 19.2 g/t Au (Tim’ s
Showing), 12.7 g/t (Eureka), and 8.5 g/t (Terra Zon e) as well as significant Ag (144.5 g/t), Cu (3.9%) ,
and Mo (2600 ppm) - all values returned from grab samples .
The 2017 exploration program to be conducted by Eag le Plains intends to build on previous work which
has indicated certain similarities to those seen at the Seabee Gold Operation, including host litholog ies
and contact relationships, style of mineralization, and presence of multiple fault systems that allowe d for
high fluid-flow regimes. The Seabee Gold Operation has been in continuous production since 1991 and
has produced approximately 1.2M ounces of gold from the Seabee and Santoy deposits. As reported by
Silver Standard in its news release dated February 23, 2017, as at December 31, 2016, the Seabee Gold
Operation includes the following estimated Mineral Reserves and Mineral Resources: Proven and
Probable Reserves of 360,000 ounces of gold at an a verage grade of 8.19 g/t; Measured and Indicated
Resources of 570,000 ounces of gold at an average g rade of 7.99 g/t; and Inferred Resources of 640,000
ounces of gold at a grade of 7.74 g/t. Silver Stand ard recently reported uncut drill intercepts gradin g up
to 1,004 g/t gold over 1.6m and 3,887 g/t gold over 0.4m (true widths) at its Santoy Gap deposit. ( SSO
news release- May 1, 2017 ). Management cautions that past results or discoveries on proximate land are
not necessarily indicative of the results that may be achieved on the subject properties.
Ore geology at the Seabee Gold Operation consists o f high-grade vein mineralization associated with
volcanic and mafic intrusive rocks which have been structurally disrupted by splays of the deep-crusta l
Tabbernor Fault system. Both the Seabee Gold Operat ion and the Orchid project overlie the Pine Lake
greenstone belt. Mineralization at the Seabee Gold Operation is affiliated with the more westerly-
oriented Laonil Lake shear zone which is a splay of the north-trending Tabbernor Fault. Field and
underground observations at the Seabee Gold Operati on indicate that shear structures nucleated at
contacts between felsic intrusive and mafic intrusi ve or volcanic lithologies, with high-grade zones
forming at fault intersections.
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 t o 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 best place in the world in terms of
Investment Attractiveness. Throughout the explorat ion process, our mission is to help maintain
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 resulte d 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 reviewed and approved by Jarrod Brown, 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.