Eagle Plains Completes Airborne Geophysical Survey at Eldridge and Puzzle Lake Projects, Saskatchewan
Eagle Plains Completes Airborne Geophysical Survey at
Eldridge and Puzzle Lake Projects, Saskatchewan
Cranbrook, B.C., April 20th, 2021: Eagle Plains Resources (TSX -V:EPL) has completed a high
resolution airborne magnetic geophysical survey at its 100% owned Eldridge Lake and Puzzle Lake projects
located in east-central Saskatchewan. Precision GeoSurveys Inc. of Langley, BC conducted the 1,981-line
kilometer fixed-wing survey, flown at 100m line spacing.
See property location map here
About the Properties
Eldridge Lake (12,541 ha), Puzzle Lake (3261.2 ha), Massey Lake (1872.9 ha), Sweet Lake (598.7 ha)
and Merritt Lake (7629.55 ha) (the “Olson Regional Projects ”), are stand -alone exploration projects
identified and acquired through s taking by Eagle Plains in 2020 following extensive research . The
properties lie within the Trans-Hudson Corridor (“THC”) and are considered prospective for both
mesothermal gold and VMS-style mineralization. SSR Mining’s Seabee Gold Operation, located 50 km
north of the Eldridge Lake property, is also within the THC, and has produced over 1.57 million ounces of
gold since 1991. Other active projects in the area include the Olson Project, located 8 km southeast of
Massey Lake, where Eagle Plain s and partner SKRR Exploration (“SKRR”: CSE) recently announced
significant drill results from a Fall, 2020 drilling program (see news release Mar 25, 2021 ).
Management cautions that past results or discoveries on proximate lands are not necessarily indicative of
the results that may be achieved on the subject properties. The company believes the information to be
relevant and is considered to be a guide for additional work on the subject properties.
The Olson Regional Projects are considered greenfields exploration targets and were identified based on a
combination of prospective geology and a lack of historical exploration; none of the projects have been the
focus of any significant mineral exploration. Parts of the current project area saw cursory work in the 1960’s
and 70’s with the last significant industry work in 2014 -15 when portions of the Eldridge Lake property
were assessed for diamond potential. The southern parts of the Massey Lake and Puzzle Lake projects were
covered by a high -resolution Time Domain Electromagnetic Survey flown in 2020 and funded by the
Government of Saskatchewan as part of its Mineral Development Strategy. None of the projects have been
drill tested.
The results from the current airborne EM survey will be integrated with ongoing data compilation and
modelling to generate targets for ground follow-up in 2021.
Update on Knife Lake Project
At Knife Lake, option partner Rockridge Resources Ltd. (TSX-V: ROCK),(OTCQB: RRRLF)
(Frankfurt: RR0) announced recently that it has acquired additional mineral rights through staking at the
Knife Lake Copper Project located in Saskatchewan, Canada (the “Knife Lake Project” or “Property”). The
Knife Lake Project, now consisting of 81 dispositions totaling 55,471 hectares (137,069 acres), is an
advanced-stage copper, silver, zinc and cobalt exp loration property in Saskatchewan. With the recent
staking, Rockridge has increased the project area by 70% from 32,663 hectares (80,712 acres). The new
claims were acquired based on observations made during the recently expanded drill program at Knife
Lake.
Qualified Persons
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 Canada. The Company is commi tted 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 significant 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 honest and respectful
business practices.
Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, most 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 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.