Eagle Plains Completes 2024 Fieldwork, Receives Drill Permit at Adamant REE Project, British Columbia
Eagle Plains Completes 2024 Fieldwork, Receives Drill Permit at
Adamant REE Project, British Columbia
Cranbrook, B.C., October 1 st, 2024: Eagle Plains Resources (TSX -V:”EPL”) has
completed 2024 fieldwork at its’ 100%-owned Adamant Property, located 80 km NE of
Revelstoke, British Columbia. The 10080ha property is host to Rare Earth Element
(“REE”) mineralization in syenite , carbonatite and pegmatite dyke systems that are
numerous and widespread over approximately 25 km of strike length. In addition, Eagle
Plains is pleased to announce that the BC Ministry of Energy, Mines and Low Carbon
Innovation has approved a Multi-Year Area Based Permit (MYAB) for the Property, which
includes provisions for geophysics, mechanical trenching and diamond drilling.
2024 Fieldwork
Eagle Plains, through contractor TerraLogic Exploration Ltd, completed fieldwork earlier
this summer with a focus on defining and extending the known syenite and pegmatite dyke
swarms and evaluating additional targets generated by Eagle Plains during its 2022 work
program and through compilation of historic work. The 2024 field program was completed
in early September and generated 23 rock samples and 2 stream-silt samples as well as
scintillometer survey traverses.
2024 work included prospecting in the Kin Far West Zone where receding glaciers have
exposed new outcrop upstream from a series of historic stream silt anomalies which
returned up to 4,136 ppm Total Rare Earth Elements (TREE*). Within the northern Amy-
Carmen Trend, infill prospecting and mapping was completed to follow-up strongly
anomalous 2022 rock samples which returned up to 43,300 ppm TREE (5.07% TREO) and
25,700 ppm (2.57%) Nb. Detailed prospecting was completed at the Brad -North target to
assess th e possible presence of a mineralized trend parallel to the Amy -Carmen zone,
indicated by historic anomalous 2011 stream -silt anomalies which returned up to 4,638
ppm TREE.
Analytical results from the 2024 fieldwork are pending and will be released once they have
been received, compiled and interpreted. The Adamant project is a property of merit that
meets qualifying transaction requirements for both CSE and TSX.V listings . Eagle Plains
is actively seeking a partner for the project.
See Adamant Project Summary Map here
Adamant Geology and Project History
Eagle Plains acquired the Adamant Property by staking in 2021 and 2022 and currently
holds a 100% interest subject to underlying royalties. The Adamant property contains high-
grade metamorphic rocks which have been intruded by a series of syenite dykes and sills.
Critical metals were first reported in the area in 1956 with the identification of niobium in
placer samples from Trident Creek. The Geological Survey of Canada in 1965 identified
a large REE -bearing nepheline syenite gneiss unit northwest of the Adamant property at
Trident Mountain (BC MINFILE 082M 126). A study conducted in 1987 by the
Government of British Columbia focused on the economic viability of feldspar and
nepheline syenite occurrences in the area and concluded that potential exists for the
production of feldspathic products meeting commercial s pecifications for use in
glass/ceramic manufacturing.
The last systematic exploration work on the property previous to 2022, was carried out in
2011 by Critical Elements Corporation which increased the known extent of the Trident
Mountain syenite from 15 km to approximately 25 km. Grab samples collected in the
Trident area saw results grading from trace quantities to up to 31,387 ppm TREE* (3.67%
TREO**), 481.2 ppm Nb; and 50,655 ppm TREE (5.92% TREO), 1721 ppm Nb and >2000
ppm Mo. In this target area, 21 samples collected returned average values of 6829 ppm
TREE, 265 ppm Nb and 195 ppm Mo.
2011 fieldwork in the Kin area saw the discovery of new mineralization named the “Amy-
Carmen Trend” where 43 rock samples collected returned results ranging from between 38
ppm and 74,061 ppm TREE (8.67% TREO), 22 ppm to 21,126 ppm (2.12%) Nb and 0.7
ppm to 62,900 ppm (6.29%) Mo, with respective averages of 10,074 ppm TREE, 2684 ppm
Nb and 2832 ppm Mo. Other elements of interest from the Amy -Carmen trend include
values ranging from trace quantities to up to 1 000 ppm HREE, 166 g/t Ag and 181 ppm
Ta.
Also discovered in 2011 was the “Carmen Trend”, which is located 500m south of the
Amy-Carmen Trend. This parallel trend comprises a broad zone (~250m wide) containing
many narrow, mineralized structures. The results from 9 samples collected over a 1 km
strike in this zone returned values ranging from trace quantities to up to 107,989 ppm TREE
(12.63% TREO), 34731 ppm (3.47%) Nb, 16.4 ppm Mo and 4089 ppm HREE. (Source:
BCGS Assessment Report 32655).
Many of the hard rock discoveries in 2011 were made following up targets derived from
combined 2010-2011 airborne radiometric surveys and a detailed heli -assisted silt-stream
geochemical program.
The above historical results were taken directly from MINFILE descriptions and
assessment reports (ARIS) filed with the BC government. 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 on the subject
properties. Rock grab samples are selective samples by nature and as such are not
necessarily representative of the mineralization hosted across the property.
Results from the 2022 Eagle Plains field program included the highest ever stream -silt
sample REE assay recorded on the property with sample JMCADS009 from the Carmen
trend returning 6365 ppm TREE*. Rock grab sampling returned 10 samples over 5000 ppm
TREE, with a best result of 43331 ppm T REE (5.07% TREO) located upstream of this
stream-silt anomaly. Two of the top -10 rock sample results also returned the highest ever
reported heavy rare earth element (HREE***) assays on the property including 10103 ppm
(1.01% HREE: sample JKADR010), and 8750 ppm HREE (sample JMCADR012). Other
best-of strategic element rock results from the 2022 program include 1.44% Mo, 2.57%
Nb, and 1480 ppm Ta.
For context and in comparison to other BC REE projects, Defense Metals’ (TSX-V.DEFN)
Wicheeda Project, located 80km NE of Prince George, has a Measured Mineral Resource
of 6.4 million tonne, averaging 2.86% (TREO); Indicated Mineral Indicated Resource of
27.8 million tonne , averaging 1.84% TREO; and an Inferred Mineral Reso urce of 11.1
million tonne, averaging 1.02% TREO, reported at a cut-off grade of 0.5% TREO (Defense
Metals website).
Management cautions that results or discoveries on geologically similar projects are not
necessarily indicative of the results that may be achieved on the Adamant property.
*TREE (total rare earth elements sum) is inclusive of La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb,
Lu.
**TREO (total rare earth element oxides: sum of REE 2O3)
***HREE (heavy rare earth elements) is the heavy REE subset of TREE including Gd, Tb, Dy, Ho, Er, Tm,
Yb, Lu.
Jarrod Brown, P.Geo., a “qualified person” for the purposes of National Instrument 43-101
- Standards of Disclosure for Mineral Projects, has prepared, reviewed, and approved the
scientific and technical disclosure in the news release.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well -funded, prolific project generator that
continues to conduct research, acquire and explore mineral projects throughout western
Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized
economy.
The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and
one of only three that has not seen a roll -back or restructuring of its shares). Eagle Plains
has continued to deliver shareholder value over the years and through numer ous spin outs
has transferred over $100,000,000 in value directly to its shareholders, with Copper
Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest
spinout; Eagle Royalties Ltd. (CSE:“ER”) was listed on May 24, 2023, and ho lds a
diverse portfolio of royalty assets throughout western Canada.
Eagle Plains’ core business is acquiring grassroots critical- and precious-metal exploration
properties. 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.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed $38M, the majority
of which was funded by third -party partners. This exploration work resulted in
approximately 50,000m of diamond-drilling and extensive ground-based exploration work
facilitating the advancement of numerous projects at various stages of development.
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.
On behalf of the Board of Directors of Eagle Plains
“C.C. (Chuck) Downie, P.Geo”
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 https://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.