Eagle Plains Partner Refined Energy Identifies Uranium Targets at Dufferin North Uranium Property, Saskatchewan
Eagle Plains Resources announces that partner Refined Energy has completed the review of historical geophysical survey data at the Dufferin North uranium property in the Athabasca Basin. Four priority target areas were identified using electromagnetic, magnetic, and gravity data. The property is located near the Virgin River Shear Zone, approximately 18km from Cameco's Centennial uranium deposit.
A modern MobileMT airborne geophysical survey was conducted in fall 2024, completing 123 line kilometers over two target zones before weather conditions halted operations. The project shows potential for uranium mineralization, with historical data indicating uranium and boron anomalies along inferred fault zones.
Under the option agreement, Refined can acquire up to 75% interest in the 10,140ha Dufferin Project through two phases, requiring cash payments, share issuances, and exploration expenditures totaling CA$5.6 million by 2028. A 2% smelter returns royalty will be granted to Eagle Plains upon option exercise.
Eagle Plains Resources annuncia che il partner Refined Energy ha completato la revisione dei dati storici del sondaggio geofisico presso il proprietà uranifera Dufferin North nel Bacino di Athabasca. Sono state identificate quattro aree target prioritario utilizzando dati elettromagnetici, magnetici e gravitazionali. La proprietà si trova vicino alla Zona di Taglio del Fiume Virgin, a circa 18 km dal deposito uranifero Centennial di Cameco.
Un moderno sondaggio geofisico aereo MobileMT è stato condotto nell'autunno del 2024, completando 123 chilometri lineari su due zone target prima che le condizioni meteorologiche fermassero le operazioni. Il progetto mostra potenziale per la mineralizzazione dell'uranio, con dati storici che indicano anomalie di uranio e boro lungo le zone di faglia inferite.
Secondo l'accordo di opzione, Refined può acquisire fino al 75% di interesse nel progetto Dufferin di 10.140ha attraverso due fasi, richiedendo pagamenti in contante, emissioni di azioni e spese di esplorazione per un totale di 5,6 milioni di CA$ entro il 2028. Una royalty del 2% sui proventi delle fonderie sarà concessa a Eagle Plains al momento dell'esercizio dell'opzione.
Eagle Plains Resources anuncia que su socio Refined Energy ha completado la revisión de los datos históricos de la encuesta geofísica en la propiedad de uranio Dufferin North en la Cuenca de Athabasca. Se identificaron cuatro áreas objetivo prioritarias utilizando datos electromagnéticos, magnéticos y gravitacionales. La propiedad está ubicada cerca de la Zona de Corte del Río Virgen, aproximadamente a 18 km del depósito de uranio Centennial de Cameco.
Se realizó una encuesta geofísica aérea moderna MobileMT en el otoño de 2024, completando 123 kilómetros lineales en dos zonas objetivo antes de que las condiciones climáticas detuvieran las operaciones. El proyecto muestra potencial para la mineralización de uranio, con datos históricos que indican anomalías de uranio y boro a lo largo de las zonas de falla inferidas.
Bajo el acuerdo de opción, Refined puede adquirir hasta el 75% de interés en el Proyecto Dufferin de 10,140 ha a través de dos fases, requiriendo pagos en efectivo, emisión de acciones y gastos de exploración que suman un total de 5.6 millones de CA$ para 2028. Se otorgará una regalía del 2% sobre los ingresos de fundición a Eagle Plains al momento de ejercer la opción.
이글 플레인 리소스는 파트너인 리파인드 에너지가 아사바스카 분지에 위치한 더퍼린 노스 우라늄 매장지의 역사적인 지구물리학 조사 데이터를 검토 완료했다고 발표했습니다. 전자기, 자기 및 중력 데이터를 사용하여 네 개의 우선 타겟 지역이 확인되었습니다. 이 매장지는 Cameco의 센테니얼 우라늄 매장지에서 약 18km 떨어진 버진 리버 전단 구역 근처에 위치해 있습니다.
2024년 가을, 현대식 MobileMT 공중 지구물리 조사에서 123㎞의 조사선이 두 개의 타겟 지역에서 완료되었으나 기상 조건으로 인해 작업이 중단되었습니다. 이 프로젝트는 우라늄 광물이 있을 가능성을 보여주며, 역사적인 데이터는 추정된 단층대에沿한 우라늄과 붕소의 이상 징후를 나타냅니다.
옵션 계약에 따라 리파인드는 2028년까지 현금 지급, 주식 발행, 탐사 비용에 총 560만 캐나다 달러를 요구하며 10,140ha 더퍼린 프로젝트에서 최대 75%의 지분을 취득할 수 있습니다. 옵션 행사 시, 이글 플레인스에 2%의 제련소 반환 로열티가 부여됩니다.
Eagle Plains Resources annonce que son partenaire Refined Energy a terminé l'examen des données géophysiques historiques au propriété de l'uranium Dufferin North dans le Bassin d'Athabasca. Quatre zones cibles prioritaires ont été identifiées à l'aide de données électromagnétiques, magnétiques et gravitationnelles. La propriété est située près de la Zone de cisaillement de la rivière Virgin, à environ 18 km du dépôt d'uranium Centennial de Cameco.
Une enquête géophysique aérienne moderne MobileMT a été réalisée à l'automne 2024, complétant 123 kilomètres linéaires sur deux zones cibles avant que les conditions météorologiques ne stoppent les opérations. Le projet montre un potentiel de minéralisation d'uranium, des données historiques indiquant des anomalies d'uranium et de bore le long des zones de faille inférées.
En vertu de l'accord d'option, Refined peut acquérir jusqu'à 75 % d'intérêts dans le projet Dufferin de 10 140 ha à travers deux phases, nécessitant des paiements en espèces, des émissions d'actions et des dépenses d'exploration totalisant 5,6 millions de CA$ d'ici 2028. Une redevance de 2 % sur les recettes des fonderies sera accordée à Eagle Plains lors de l'exercice de l'option.
Eagle Plains Resources kündigt an, dass der Partner Refined Energy die Überprüfung der historischen geophysikalischen Erhebungsdaten auf dem Uranprojekt Dufferin North im Athabasca-Becken abgeschlossen hat. Vier priorisierte Zielgebiete wurden mit Hilfe von elektromagnetischen, magnetischen und gravitativen Daten identifiziert. Das Projekt liegt in der Nähe der Virgin River Shear Zone, etwa 18 km vom Uranlager Centennial von Cameco entfernt.
Im Herbst 2024 wurde eine moderne MobileMT-Luftgeophysikalische Untersuchung durchgeführt, bei der 123 Linienkilometer über zwei Zielzonen abgeschlossen wurden, bevor die Wetterbedingungen die Operationen stoppten. Das Projekt zeigt Potenzial für Uranmineralisierung, wobei historische Daten Anomalien von Uran und Bor entlang vermuteter Störungszonen anzeigen.
Gemäß dem Optionsvertrag kann Refined bis zu 75% Interesse an dem 10.140 ha umfassenden Dufferin-Projekt in zwei Phasen erwerben, was Barzahlungen, Aktienemissionen und Explorationsausgaben in Höhe von insgesamt 5,6 Millionen CA$ bis 2028 erfordert. Eine 2%ige Schmelzaufschlagvergütung wird Eagle Plains beim Optionsausübung gewährt.
- Option agreement could bring in CA$775,000 in cash and 1.5M shares for Eagle Plains
- Partner to fund up to CA$5.6M in exploration expenditures
- 2% smelter returns royalty potential for Eagle Plains
- Property located strategically near Cameco's Centennial Deposit (8.78% U308 over 33.9m)
- Geophysical survey incomplete due to adverse weather conditions
- Results based on historical data, not yet verified by current exploration
CRANBROOK, BC / ACCESS Newswire / January 21, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL), or ("Eagle Plains") is pleased to announce that partner Refined Energy Corp (CSE:RUU)(OTC PINK:RFMCF)(FRA:CWA0) ("Refined") has completed the review and interpretation of historical geophysical survey data at the Dufferin North property in the Athabasca Basin. Four priority target areas were identified by Condor Consulting Inc. using archived electromagnetic (MEGATEM), magnetic and gravity data. The data interpretation is part of the 2024 work program on the Dufferin Project as described in the news release of October 7, 2024. The property lies adjacent to and within the Virgin River Shear Zone, approximately 18km along strike to the south-southwest from the Centennial uranium deposit of Cameco Corporation.
Four target zones were identified by Condor using an airborne gravity survey as the primary data source, complemented by regional magnetic data. A series of gravity lows, potentially indicative of alteration, coincide with a north-northeast trending magnetic low and are overlain by several conductor traces from historical EM surveys. Geochemical anomalies and a lithogeochemcial halo are also present on the property.
In the fall of 2024, a modern MobileMT airborne geophysical survey was flown by Expert Geophysics Ltd. to compliment the historical datasets. The contractor completed 123 line kilometers over two of the four target zones before needing to abandon the survey due to adverse weather. Interpretation of the recent survey results in conjunction with the historical data is underway.
Refined holds the exclusive option to acquire up to a
Mark Fields, Chief Executive Officer of Refined stated: "We are very encouraged to receive positive results from this interpretation of the historical work at Dufferin North. The data will allow us to focus future work on these prospective targets. Simultaneously we are advancing our drill program plans for Dufferin West, located 40 km south of Dufferin North. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca Basin."
See Dufferin North Project Information and Map here
The Dufferin Project is located on or in close proximity to the known trace of the Virgin River Shear Zone and related splays which are key structures for potential uranium mineralization.
The Project is prospective for unconformity- and basement-hosted uranium mineralization in proximity to the Virgin River Shear Zone. Faulted basement contacts and brittlely reactivated structures are the primary locations for mineralization in the area covered by the Dufferin Project. The relatively high concentration of secondary uranium-bearing minerals demonstrated by prior exploration work on the Dufferin Project may also indicate uranium mineralization remobilization may play an important role in this region of the Athabasca Basin. Geophysical EM and magnetic anomalies demonstrated by prior exploration work on the Dufferin Project are supported by previous uranium and boron soil and lake sediment anomalies along the inferred fault zones, which are expected to aid in focusing future exploration programs.
Some of the above results were taken directly from the SMDI descriptions and assessment reports (SMAF) 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. Eagle Plains' 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.
Dufferin Option Agreement Details
To exercise the Option, Refined must make a series of cash payments and share issuances to Eagle Plains and fund exploration expenditures on the Project. These payments, share issuance and expenditures are separated into two phases, with the first Option entitling the Company to acquire a
If the First Option or the Second Option is exercised, a
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.
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, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
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
On October 2, 2024, Eagle Plains announced announce the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ("OP") will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on 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 2010-2023 on Eagle Plains-related projects exceed
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 of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com 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.
SOURCE: Eagle Plains Resources Ltd.
View the original press release on ACCESS Newswire
FAQ
What are the terms of Refined Energy's option agreement for Eagle Plains' Dufferin Project?
How many uranium target areas were identified at Eagle Plains' Dufferin North property?
What is the size and location of Eagle Plains' Dufferin Project?
What were the results of the 2024 MobileMT airborne survey at Dufferin North?
