on Eagle Plains Resources Ltd. (CVE:EPL)
Eagle Plains and Earthwise Report Successful Drilling at Iron Range Project
Eagle Plains Resources Ltd. has announced the completion of a diamond drilling program at its Iron Range Project in British Columbia, managed by partner Earthwise Minerals Corp. The Iron Range Project spans 20,021 hectares, showcasing significant potential for gold-silver mineralization. This latest campaign aims to explore and confirm past mineral findings within the Talon Zone structure. The drilling efforts have confirmed mineralization across all drilled holes.
Earthwise has the opportunity to acquire up to 80% interest in the project, facilitated by achieving pre-set milestones including substantial exploration expenditures and share issuances. Eagle Plains maintains 100% ownership of the property, which is subject to a 1% Net Smelter Royalty by a third party.
The drilling campaign further corroborates historical findings in the Talon Zone, characterized by significant polymetallic mineralization and intricate geophysical anomalies. Results are pending after sample analysis. Eagle Plains’ commitment to strategic partnerships continues to support its exploration objectives, propelling progress across its diverse project portfolio.
R. H.
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