Eagle Plains Reports 2022 Exploration Results, Acquires Additional Claims at Adamant REE Project, British Columbia
Eagle Plains Reports 2022 Exploration Results, Acquires Additional Claims at
Adamant REE Project, British Columbia
Cranbrook, B.C., November 1st , 2022: Eagle Plains Resources (TSX -V:”EPL”) has
successfully completed staking activity to acquire a strategic block of claims within current
property boundaries of its’ 100%-owned Adamant Property, located 80 km NE of Revelstoke,
British Columbia. The 10319ha property is host to rare earth element (“REE”) mineralization in
syenite, carbonatite and pegmatite dyke systems that are numerous and widespread over an
approximately 25 km strike length. 5 individual cells totaling 99.73ha were recently acquired to
cover newly defined mineralized trends defined by a combination of geochemical and structural
interpretations. BC government publications describe the Trident Mountain occurrence as a
“Developed Prospect” which was sampled in the 1980s and reported that “ processing results
indicate that the nepheline syenite is low in magnetic impurities, has a high recovery rate of
nonmagnetic materials and has, therefore, a very good potential to produce commercial grade
nepheline syenite” (BC Minfile 082M173).
Eagle Plain s, through contractor TerraLogic Exploration Ltd, completed fieldwork earlier this
summer with a focus on defining and extending the Trident‐Kin syenite and pegmatite swarms and
evaluating additional targets generated by historic work. The 5 -day field prog ram completed in
August generated 86 rock samples and 17 stream -silt samples, with results that both verify
historical REE assays and expand the potential to define new mineralized trends. Results include
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 TREE (4.33% TREE) 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.
Eagle Plains management is pleased with the results from their first field program on the Adamant
project. 2022 sample results exceeded historical records on the property for HREE, and Ta, and
verified grades and strike length of mineralized trends. Results of the 2022 program and historical
compilation will be used to further refine target prioritization with emphasis on REE
mineralization, with specific interest in determining the sou rce of the strongly anomalous heavy
rare earth element (HREE) mineralization discovered this year. Initial diamond drilling targets
have been defined, and a permit application covering drilling, geophysical, and trenching activities
with supporting camp infrastructure has been submitted to the Ministry of Energy, Mines and Low
Carbon Innovation.
*TREE (total rare earth elements sum) is inclusive of La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu.
**HREE (heavy rare earth elements) is the heavy REE subset of TREE including Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu.
See Adamant Project Summary Map here
Adamant Geology and Project History
The Adamant Property overlies high-grade metamorphic rocks of the Upper Proterozic Horsethief
Creek Group which have been intruded by a series of syenite sills . Critical metals were first
reported in the area in 1956 with the identification of niobium in placer samples fr om 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 specifications for use in glass/ceramic
manufacturing.
The last systematic exploration work on the property 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 31,3 87 ppm (3.13%) TREE, 481.2 ppm Nb ; and 50,655 ppm (5.06%) TREE,
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 (7.41%) TREE, 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 1000
ppm HREE, 166 g/t Ag and 181 ppm Ta.
Also discov ered 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 (10.79%) TREE, 34731 ppm (3.47%)
Nb, 16.4 ppm Mo and 4089 ppm HREE. (Source: BCGS Assessment Report 32655) . Rock grab
samples are selective samples by nature and as such are not nece ssarily representative of the
mineralization hosted across the property.
Many of the new 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. Until the commencement of 2022 work, no exploration work has been
completed on the property since 2011.
Eagle Plains acquired the property by staking in 2021 and 2022 and currently holds a 100% interest
with no underlying royalties or encumbrances.
2022 Fieldwork Summary
Dr. Anton Chakhmouradian , geology professor from the University of Manitoba, has been
engaged to undertake detailed mineralogical and geochemical studies of the Ice River and Trident
Mountain alkaline intrusions. The studies will lead to the publication of one Masters-level and two
Bachelors-level theses which will aid in both the academic and economic evaluation of the project
areas. Dr. Chakhmouradian is a world-renowned specialist with 30+ years of experience related to
REE and Nb deposits in alkaline rocks and carbonatites. An NSERC research grant application
has been made in support of the proposed studies.
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. 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 numerous spin outs has transferred over
$100,000,000 in value directly to its shareholders, with Copper Canyon Resources and recently
Taiga Gold being notable examples.
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 significant royalty interests in western
Canadian projects, covering a broad spectrum of commodities on projects controlled by Cameco
Corp., Iso Energy Corp., Denison Mines Corp., Skeena Resources Ltd. and Hecla Mining
Co./Banyan Gold Corp., among others. Management’s focus is to advance its most promising
exploration projects. 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 -2022 on Eagle Plains -related projects exceed $ 30M, the majority of
which was funded by third -party partners. This exploration work resulted in approximately
45,000m 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 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.