Eagle Plains Partner Commences Drill Program on Donna Gold Project, South-Central British Columbia
Eagle Plains Partner Commences Drill Program on Donna Gold Project,
South-Central British Columbia
Cranbrook, B.C., October 9th, 2019: Eagle Plains Resources Ltd. ( “EPL”:TSX-V, “Eagle Plains”)
has been notified by option partner Pinnacle North Gold Corp. (“Pinnacle North”) (a private B.C.
company) that crews have been mobilized to commence drilling on the Donna property located 60 km east
of Vernon in south-central British Columbia. Pinnacle North has assumed the option from 1149781 BC to
earn a 60% interest in the 10,000ha property by completing exploration expenditures of $3,000,000,
making cash payments of $250,000 and issuing 1, 100,000 voting class common shares to E agle Plains
over a 5-year period.
Donna Project Summary
The core claims of the Donna property were acquired in 2016 by Eagle Plains through an agreement with
ALX Uranium Corp., with additional tenures subsequently added through staking. The Property is located
in the Monashee 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. Active placer
mining activity occurs along creeks draining the property area. The most recent drilling on the property
returned intercepts of up to 2.0 m of 8.72 g/t gold.
The Property is underlain by a sequence of marine sediments comprising carbonaceous black argillite,
limestone, and volcanic rocks of Permian to L ower 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 in 2016, 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 GIS database consisting of rock, soil, silt, till, trench and d rill-hole results
within and adjacent the property area.
Donna Project History
The Donna showing was discovered in 1973 by El Paso Mining and Milling Company ("El Paso"), during
follow-up of anomalous gold values generated by a regional stream sediment sampling program.
Trenching by El Paso in 1974 in an area defined by an As -Au-Ag-Pb soil a nomaly exposed numerous
narrow quartz veins which returned assays including 29.5 g/t Au and 89.4 g/t Ag over 2.29 m in Trench 4,
and 122.4 g/t Au and 39.3 g/t Ag over 0.8 m in Trench 8 (Ainsworth, 2010).
Subsequent work carried out between 1975 and 2009 by previous operators consisted of trenching, silt
sampling, extensive soil and biogeochemical surveying and limited drilling. Between 2009 - 2011 ESO
Uranium (later named Alpha Minerals) conducted exploration programs consisting of reconnaissance
stream sediment, rock geochemical and detailed soil surveys to define targets for a total of 20 diamond
drill holes. Alpha and Interconnected Ventures Corporation carried out the most recent work on the
property in 2014 comprising an induced polarization ("IP") ge ophysical survey, followed by a four -hole,
492m diamond drilling program. All four holes intersected gold mineralization. The best intercept was in
DDH14-21 which returned 2.0 m of 8.72 g/t gold. This drill collar is located 1.5 km west of the area of
historic trenching and drilling, significantly expanding the area of known gold mineralization (Koffyberg,
2015).
Drilling activity will be carried out by TerraLogic Exploration Services of Cranbrook, BC under the
supervision of Michelle McKeough, P.Geo. , “qualified person” for the purposes of National Instrument
43-101-Standards of Disclosure for Mineral Projects. Technical aspects of this news release were reviewed
and approved by Charles C. Downie, P.Geo., “qualified person” for the purposes of National Ins trument
43-101-Standards of Disclosure for Mineral Projects, and a director of Eagle Plains Resources Ltd.
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, Eag le Plains has added to 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 second best place 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 2011-2018 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.