Eagle Plains Samples High Grade Gold at Cook (Au) Project, Northeastern Saskatchewan
Eagle Plains Samples High Grade Gold at Cook (Au) Project,
Northeastern Saskatchewan
Cranbrook, B.C., December 20, 2023: Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle
Plains”) is pleased to report results from the 2023 exploration program at its 100% owned, 2741ha Cook
gold project located 92km Northeast of La Ronge, northeastern Saskatchewan.
Eagle Plains holds a 100% interest in claims comprising the property and has recently completed fieldwork
following a detailed compilation of all available historical data relating to the property. Highlights are
summarized below:
Cook Project Highlights
• 2023: Visible gold identified at the Cook showing with grab samples returning up to 67.7g/t
Au and 0.19% Pb
• 1988: Mapping and chip/channel sampling of mineralized veins at the Cook showing returned 1m
@ 74 g/t (2.612 oz/ton)
• 1988: Discovery and sampling at the PA showing (SMDI 2301) returned grab sample up to 4.5 g/t
Au (0.161oz/ton) associated with significant molybdenite mineralization
• Favourable geology-rocks which host the Cook and PA showings trend to the Northeast and remain
unexplored
• Property has not been drilled, known mineralization remains open at depth
• Potential for discovery of extensions of existing mineralization and other discrete mineralization
elsewhere on the property
See Cook Project Map here
The Cook project overlies 2 Saskatchewan Mineral Deposit Index ( “SMDI”) occurrences . The Cook
Showing (SMDI 2300), is reported to include historical channel samples up to 1m @ 73.7 g/t (2.612
oz/ton) Au and is associated with lesser Pb-Zn-Cu mineralization. The PA Showing (SMDI 2301) reports
historical grab samples up to 4.5 g/t Au (0.161 oz/ton) and is associated with molybdenum (Mo)
mineralization. In 2023 a geological crew provided by Terralogic Exploration Inc . visited the property
to re-locate the historic Cook SMDI showing and collect grab samples for modern fire assay and multi -
element analysis. Results confirmed the presence of high -grade vein-hosted gold mineralization at the
Cook showing. Grab sample CFCKR001 contained visible gold hosted in a 10 cm wide vein and returned
9.01 g/t Au. Grab sample CFCKR004, comprised of quartz -vein material from the same vein, returned
10.8 g/t Au. Grab Sample VBCKR002, in situ vein material collected from along a trench wall, returned
67.7 g/t Au and 0.19% Pb. Veins are considered to be open along strike to the southwest and northeast
and have never been drill tested.
Eagle Plains intends to carry out fieldwork in 2024, further defining the known mineralized
veins/structures and investigating mineralization potential in unexplored areas of the property.
Cook Geology
The Cook Project is located within the Proterozoic La Ronge Domain of the Trans-Hudson orogenic belt
and is underlain by Hickson Lake pluton and Rennick Lake Greenstone s (metasedimentary and
metavolcanic).
Mineralization identified on the property is hosted in quartz veins, up to 50cm in width, within rocks
associated with the Hickson Lake pluton. Mineralization includes, native gold, native copper, galena,
molybdenite, pyrite, pyrrhotite, sphalerite, chalcopyrite, bornite, malachite, arsenopyrite and hematite.
Fine disseminations of galena commonly occur with samples collected from the Cook Gold Showing and
fine disseminated blebs/plates of molybdenite commonly occurred within samples collected at the PA
Showing.
The Cook Showing (SMDI 2300) is described as gold-bearing quartz vein structure mapped up to 30m in
length and averaging approximately 10-30cm in width at surface. Native gold occurring in masses up to
1.25mm was observed occurring in white to rusty red quartz and commonly in rusty vugs . Historical
trenching and subsequent channel samples across the Cook Showing assayed up to 73.7 g/t (2.612 oz/ton)
Au over 1m and an individual grab sample of quartz -rich material from the quartz vein structure assayed
367.4 g/t (13.02 oz/ton) Au (SMAD 73P15-0070).
The PA Showing (SMDI 2301), located 400m north of the Cook showing, is comprised of a series east-
west trending auriferous quartz veins (up to 0.5m wide at surface) and pods hosted within a silicified
amphibolite unit. Quartz veins and amphibolites have been crosscut by series of northeast trending
pegmatite dykes. Grab samples across the quartz vein structure assayed up to 4.5 g/t ( 0.161 oz/ton) Au
and is associated with significant molybdenite mineralization.
Cook History
Vein hosted gold mineralization was first discovered at the Cook Au showing in 1959, it was re -mapped
in 1961 and registered as SMDI 2300. In 1981 1164 regional sediment samples were collected by the
Saskatchewan Mining and Development Corporation. In 1985 the Geological Survey of Canada conducted
a lake sediment survey in the area resulting in one sample approximately 6 km’s southwest of the Cook
showing returning 25 ppb Au. The property was staked by Lederhouse and later optioned to Gamson
Resources Ltd. In 1987 Gamson completed the first significant prospecting campaign and collected vein-
material samples associated with the Cook Zone. In 1988 Gamson completed systematic trenching and
chip sampling at the Cook Showing, confirming high grade vein hosted gold associated with lesser base
metals (Pb-Zn-Cu). Mineralized quartz veins associated with the pluton -metavolcanic/metasedimentary
contact are typically reported to be between 0.2-0.3m wide and returned results from channel sampling up
to 73.7 g/t ( 2.612 oz/ton) Au over 1m. Gamson discovered the PA showing which contains vein -hosted
Au mineralization associated with molydenum. Grab samples returned results up to 4.5 g/t (0.161 oz/ton)
Au. No follow-up work was ever reported at the PA showing.
In 2019 Chris Knudsen completed a single day prospecting program to the Cook showing area, collecting
7 rock samples from the historical trenches. Grab Sample 779810 returned 78.84 g/t Au, 2.7 ppm Ag,
1460.1 ppm Pb, 192.5 ppm Cu (SMAD MAW02583).
Some of the above results were taken directly from the SMDI descriptions and assessment reports (SMAD)
filed with the Saskatchewan 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. 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.
Current Program
Compilation and review of historical work has identified regional target areas in the north east, with
favourable geology with no known exploration to date. Follow up work including additional mapping, and
structural interpretation of the Cook and PA showings is warranted to further understand the controls on Au
mineralization. 2024 work will include soil sampling, prospecting, mapping and ground -truthing of
historical work and investigating regional target areas.
Qualified Persons
Charles C. Downie, P.Geo., a “qualified person” for the purposes of National Instru ment 43 -101 -
Standards of Disclosure for Mineral Projects and a director of Eagle Plains, has reviewed and approved
the scientific and technical disclosure in this 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 Taiga Gold Corp. being notable examples. Eagle
Plains latest spinout, Eagle Royalties Ltd. (CSE:”ER”) was listed on May 24, 2023, and holds 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 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.
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
“C.C. (Chuck) Downie” P.Geo
V.P. Exploration and Director
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.