Eagle Plains Partner Refined Energy Identifies Uranium Targets at Dufferin West Uranium Property, Saskatchewan
Eagle Plains Resources announces that partner Refined Energy has completed the review of historical geophysical survey data at the Dufferin West Property, identifying three priority uranium target areas. The highest priority target shows strong conductivity near the Virgin River Shear Zone, with an estimated shallow depth of less than 200m to the unconformity.
The 10,140ha Dufferin Project is located approximately 18km from Cameco's Centennial Deposit. Refined Energy holds an option to acquire up to 75% interest in the project through a two-phase agreement. The first phase requires CA$275,000 in payments, 1,000,000 shares, and CA$2.6M in exploration by 2026 for 60% interest. The second phase requires additional CA$500,000, 500,000 shares, and CA$3M in exploration by 2028 for 75% interest.
Eagle Plains Resources annuncia che il partner Refined Energy ha completato la revisione dei dati storici di sorveglianza geofisica presso il Dufferin West Property, identificando tre aree di obiettivo prioritario per l'uranio. L'obiettivo di massima priorità mostra una forte conduttività vicino alla Virgin River Shear Zone, con una profondità stimata di meno di 200m fino all'inconformità.
Il Dufferin Project, che si estende su 10.140 ha, si trova a circa 18 km dal deposito Centennial della Cameco. Refined Energy ha un'opzione per acquisire fino al 75% di interesse nel progetto attraverso un accordo in due fasi. La prima fase richiede pagamenti per CA$275.000, 1.000.000 azioni, e CA$2,6 milioni in esplorazione entro il 2026 per un interesse del 60%. La seconda fase richiede ulteriori CA$500.000, 500.000 azioni, e CA$3 milioni in esplorazione entro il 2028 per un interesse del 75%.
Eagle Plains Resources anuncia que su socio Refined Energy ha completado la revisión de los datos históricos de la encuesta geofísica en la propiedad Dufferin West, identificando tres áreas objetivo prioritarias para uranio. El objetivo de mayor prioridad muestra una fuerte conductividad cerca de la zona de cizalla de Virgin River, con una profundidad estimada de menos de 200m hasta la inconformidad.
El Dufferin Project abarca 10,140ha y se encuentra aproximadamente a 18 km del depósito Centennial de Cameco. Refined Energy tiene una opción para adquirir hasta el 75% de interés en el proyecto mediante un acuerdo en dos fases. La primera fase requiere CA$275,000 en pagos, 1,000,000 acciones y CA$2.6 millones en exploración para 2026 para un interés del 60%. La segunda fase requiere CA$500,000 adicionales, 500,000 acciones y CA$3 millones en exploración para 2028 para un interés del 75%.
이글 플레이인스 리소스는 파트너 리파인드 에너지가 듀퍼린 웨스트 재산에 대한 역사적 지구물리학 조사 데이터를 검토를 완료했다고 발표하며, 세 가지 우선 목표 우라늄 구역을 확인했습니다. 가장 높은 우선 목표는 버진 리버 전단대 근처에 강한 전도성을 보여주며, 불연속면까지의 깊이가 200m 미만으로 예상됩니다.
10,140헥타르 규모의 듀퍼린 프로젝트는 Cameco의 센테니얼 매장지에서 약 18km 떨어진 곳에 위치해 있습니다. 리파인드 에너지는 두 단계 계약을 통해 이 프로젝트에 최대 75%의 지분을 인수할 수 있는 옵션을 보유하고 있습니다. 첫 번째 단계에서는 2026년까지 600만 호주 달러의 탐사비와 1,000,000주를 포함하여 CA$275,000의 지급이 필요하며, 60%의 지분을 얻기 위한 것입니다. 두 번째 단계에서는 추가로 CA$500,000, 500,000주, 그리고 2028년까지 CA$3 백만의 탐사가 필요하며, 75%의 지분을 위해 요구됩니다.
Eagle Plains Resources annonce que son partenaire Refined Energy a terminé la révision des données historiques de sondage géophysique sur la propriété Dufferin West, identifiant trois zones cibles prioritaires pour l'uranium. La cible de première priorité montre une forte conductivité près de la zone de cisaillement de Virgin River, avec une profondeur estimée de moins de 200m jusqu'à l'inconformité.
Le Dufferin Project, qui s'étend sur 10 140 ha, est situé à environ 18 km du dépôt Centennial de Cameco. Refined Energy détient une option pour acquérir jusqu'à 75% d'intérêt dans le projet par le biais d'un accord en deux phases. La première phase nécessite des paiements de 275 000 CA$, 1 000 000 d'actions et 2,6 millions CA$ en exploration d'ici 2026 pour un intérêt de 60%. La deuxième phase nécessite 500 000 CA$ supplémentaires, 500 000 actions et 3 millions CA$ en exploration d'ici 2028 pour un intérêt de 75%.
Eagle Plains Resources kündigt an, dass der Partner Refined Energy die Überprüfung historischer geophysikalischer Erhebungsdaten im Dufferin West Property abgeschlossen hat und dabei drei priorisierte Zielgebiete für Uran identifiziert hat. Das höchste Prioritätsziel zeigt eine starke Leitfähigkeit in der Nähe der Virgin River Scherzonen, mit einer geschätzten flachen Tiefe von weniger als 200 m bis zur Unkonformität.
Das Dufferin Project erstreckt sich über 10.140 ha und liegt etwa 18 km vom Centennial Deposit von Cameco entfernt. Refined Energy hat die Option, bis zu 75% am Projekt über einen zweiphasigen Vertrag zu erwerben. Die erste Phase erfordert Zahlungen von CA$275.000, 1.000.000 Aktien und CA$2,6 Millionen für die Exploration bis 2026, um einen Anteil von 60% zu erhalten. Die zweite Phase erfordert zusätzlich CA$500.000, 500.000 Aktien und CA$3 Millionen für die Erkundung bis 2028 für einen Anteil von 75%.
- Three new uranium target areas identified through geophysical survey
- Strategic location 18km from Cameco's Centennial Deposit (8.78% U308 over 33.9m)
- Shallow depth target (less than 200m) potentially reducing exploration costs
- Significant exploration expenditure required (CA$5.6M total) to acquire 75% interest
- No drilling has been conducted on the primary target area yet
CRANBROOK, BC / ACCESSWIRE / January 7, 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 Eagle Plains'
Refined holds the exclusive option to acquire up to a
Interpretation was focused in the southeast of the property and identified three geophysical targets located adjacent to the Virgin River Shear Zone. The highest priority target is represented by strong conductivity associated with a distinct magnetic transition. The conductor is interpreted to extend from the unconformity at the sandstone contact well into the underlying basement rocks. This target has never been drill-tested and the depth of sandstone cover above unconformity is estimated to be relatively shallow at less than 200m. The other two targets are also characterized by conductors with associated magnetic features. Refined is currently planning an appropriate drill program to test the highest priority target area.
Mark Fields, Chief Executive Officer of Refined stated: "We are very encouraged to receive notably positive results from our initial work on Dufferin West. The Athabasca Basin region is renowned for its history of exploration, discovery, and development of high value uranium mines. The Dufferin Project is located in proximity to NE-SW trending faults which are known to host uranium mineralization. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca Basin."
See Dufferin West Project Information and Map here
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 that 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 accesswire.com
FAQ
What are the key findings from Refined Energy's geophysical survey at Eagle Plains' Dufferin West Property?
What are the terms of Refined Energy's option agreement for the Dufferin Project (EGPLF)?
How close is the Dufferin Project to significant uranium deposits?
What is the total area of the Dufferin Project and its exploration potential?
