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Eagle Plains Reports up to 76.30 g/t Gold at Snowstorm Project and Significantly Increases Land Package

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Eagle Plains Resources has announced results from its 2024 field program at the 100%-owned Snowstorm Property in British Columbia. The program confirmed high-grade, vein-hosted Au-Ag-Pb mineralization over a 1.7km strike length. Notable findings include Pine Tree vein sample returning 76.30 g/t Au, 56.30 g/t Ag, and 30.30% Pb, and Snowstorm trench sample yielding 2.64 g/t Au, 174.00 g/t Ag, 13.55% Pb. The company has expanded its property package to 2084 ha through additional claim staking. The property, located within the historic Slocan Mining Camp, contains 8 BC Minfile occurrences and shows potential for both high-grade veins and bulk-tonnage mineralization.

Eagle Plains Resources ha annunciato i risultati del suo programma di esplorazione 2024 presso la proprietà Snowstorm, interamente di proprietà, in British Columbia. Il programma ha confermato la mineralizzazione di alta qualità, ospitata in vein, di Au-Ag-Pb su un'estensione di 1.7 km. Tra i risultati notevoli vi è il campione della , 56.30 g/t di Ag e 30.30% di Pb, e il campione della trincea Snowstorm che ha dato 2.64 g/t di Au, 174.00 g/t di Ag, 13.55% di Pb. L'azienda ha ampliato il suo pacchetto di proprietà a 2084 ha tramite ulteriori procedimenti di registrazione. La proprietà, situata all'interno del storico Slocan Mining Camp, contiene 8 occorrenze Minfile della Columbia Britannica e mostra un potenziale sia per venature di alta qualità che per mineralizzazione di grande tonnellaggio.

Eagle Plains Resources ha anunciado los resultados de su programa de campo 2024 en la propiedad Snowstorm, de propiedad 100% en Columbia Británica. El programa confirmó la mineralización de alta ley, alojada en venas de Au-Ag-Pb, a lo largo de una longitud de 1.7 km. Entre los hallazgos notables se incluyen una muestra de la vena Pine Tree que retornó 76.30 g/t de Au, 56.30 g/t de Ag y 30.30% de Pb, y una muestra de trinchera de Snowstorm que dio 2.64 g/t de Au, 174.00 g/t de Ag, 13.55% de Pb. La empresa ha ampliado su paquete de propiedades a 2084 ha a través de la adición de nuevos reclamos. La propiedad, ubicada dentro del histórico Slocan Mining Camp, contiene 8 ocurrencias de Minfile de BC y muestra un potencial tanto para venas de alta ley como para mineralización de tonelada masiva.

이글 평원 자원(Eagle Plains Resources)는 브리티시컬럼비아의 100% 소유 스노우스톰(Snowstorm) 재산에서 2024년 현장 프로그램 결과를 발표했습니다. 이 프로그램은 1.7km의 스트라이크 길이에서 고품질 벨트에 호스팅된 Au-Ag-Pb 광화작용을 확인했습니다. 주목할 만한 발견으로는 파인 트리(Pine Tree) 환(脈) 샘플이 76.30g/t Au, 56.30g/t Ag, 30.30% Pb를 기록했으며, 스노우스톰(Snowstorm) 트렌치 샘플이 2.64g/t Au, 174.00g/t Ag, 13.55% Pb를 산출했습니다. 이 회사는 추가 청구권 스테이킹을 통해 재산 규모를 2084ha로 확장했습니다. 이 재산은 역사적으로 중요한 슬로칸 광산 캠프(Slocan Mining Camp) 내에 위치하고 있으며, 8개의 BC Minfile 발생지를 포함하고 있으며, 고품질 벨트와 대량 광화작용 모두에 대한 잠재력을 보여줍니다.

Eagle Plains Resources a annoncé les résultats de son programme de terrain 2024 sur la propriété Snowstorm, entièrement détenue, en Colombie-Britannique. Le programme a confirmé une minéralisation de haute qualité, hébergée dans des veines de Au-Ag-Pb sur une longueur de 1,7 km. Parmi les résultats notables, on trouve un échantillon de la veine Pine Tree retournant 76,30 g/t de Au, 56,30 g/t de Ag et 30,30 % de Pb, et un échantillon de tranchée Snowstorm produisant 2,64 g/t de Au, 174,00 g/t de Ag, 13,55 % de Pb. L'entreprise a étendu son package de propriétés à 2084 ha grâce à l'ajout de nouvelles revendications. La propriété, située dans le camp minier historique de Slocan, contient 8 occurrences Minfile de la Colombie-Britannique et montre un potentiel tant pour des veines de haute qualité que pour des minéralisations de grande tonnage.

Eagle Plains Resources hat die Ergebnisse seines Feldprogramms 2024 für die zu 100% im Besitz befindliche Snowstorm-Liegenschaft in British Columbia bekannt gegeben. Das Programm bestätigte hochgradige, ganggebundene Au-Ag-Pb-Mineralisierung über eine Streichenlänge von 1,7 km. Zu den bemerkenswerten Funden gehört eine Probe der Pine Tree-Drift, die 76,30 g/t Au, 56,30 g/t Ag und 30,30 % Pb ergibt, sowie eine Probe aus dem Snowstorm-Graben, die 2,64 g/t Au, 174,00 g/t Ag und 13,55 % Pb erbrachte. Das Unternehmen hat sein Grundstückpaket durch zusätzliche Ansprüche auf 2084 ha erweitert. Die Liegenschaft, die sich im historischen Slocan Mining Camp befindet, enthält 8 BC Minfile-Vorkommen und zeigt Potenzial sowohl für hochgradige Venen als auch für Massentonnage-Mineralisierung.

Positive
  • High-grade gold samples with up to 76.30 g/t Au from Pine Tree vein
  • Property expansion to 2084 hectares through additional claims
  • Multiple mineralized zones identified across 1.7km strike length
  • Property contains 8 BC Minfile occurrences with historical high-grade results
Negative
  • No historical drilling reported on the property
  • Some historical workings are collapsed and inaccessible
  • Selective sampling may not represent overall mineralization

CRANBROOK, BC / ACCESSWIRE / November 26, 2024 / Eagle Plains Resources (TSX-V:"EPL") is pleased to announce results from the 2024 field program at its 100%-owned Snowstorm Property, located 45km East of Nakusp, British Columbia. The property is host to polymetallic veins that carry significant gold-silver-lead-zinc±antimony mineralization. After reviewing 2024 results additional mineral claims were acquired through staking, increasing the property package to 2084 ha. The exploration program was conducted and managed by TerraLogic Exploration Inc. of Cranbrook, BC.

Highlights:

  • Significant historical workings located and prospected

  • High grade, vein hosted Au-Ag-Pb mineralization confirmed over 1.7km strike length

  • Pine Tree vein sample KBSWR014 (float) returned 76.30 g/t Au, 56.30 g/t Ag and 30.30% Pb

  • Snowstorm trench sample KBSWR015 (float) returned 2.64 g/t Au, 174.00 g/t Ag, 13.55% Pb and 0.16% Zn.

Snowstorm Geology and Project History

The Snowstorm Property is located within the historic Slocan Mining Camp where active exploration began in the mid-1860s. The camp and surrounding areas contain 173 past producing mines with reported total production in excess of 1,000,000kg of silver (BCGS General File 1997-02 / Klondike Silver Website). The Snowstorm Property is underlain by 8 BC Minfile occurrences, one of which, the White Eagle (Minfile 082KSW126), is covered by an historical Crown Grant.

Mineralization at the Property is associated with quartz-calcite veins hosted in siliciclastic sediments of the Broadview Formation (Lardeau Group). Veins are closely associated with well-defined property scale thrust faults and are subparallel to cleavage. Results from historic data review and observations from the 2024 program have identified multiple meter-scale subparallel mineralized quartz-carbonate veins.

The 2024 Snowstorm exploration program consisted of a single day of mapping/prospecting and geochemical surveying and was successful in locating historical workings and assessing the reported high-grade nature of the showings. The Snowstorm project has potential for both high-grade veins and bulk-tonnage mineralization. No historical drilling has been reported on the property.

Snowstorm (MinFile 082KSW086):

The Snowstorm occurrence is marked by a series of 26 hand dug trenches dating back to 1930-1931. The trenches were positioned to explore for mineralized quartz float and were successful in exposing a 1.5m wide quartz vein in two locations, approximately ~300m NW of the Silver Sparrow adit. Field crews noted thin, mineralized quartz veins that are discordant to the main Snowstorm vein orientation and warrants further investigation and structural interpretation to determine economic significance. Sample KBSWR004 (grab) was collected from a 1.5m wide quartz vein exposed in a 15m long trench returned 9.87 g/t Ag, 0.23% Pb. Sample KBSWR005 (float) was collected from a mineralized waste dump at the base of the trench and returned 0.78 g/t Au, 136.00 g/t Ag, and 7.47% Pb and sample KBSWR015 (float) returned 2.64 g/t Au, 174.00 g/t Ag, 13.55% Pb and 0.16% Zn.

Silver Sparrow (Snowstorm Shaft) (MinFile 082KSW146)

Historical reports indicate a 6.1m inclined shaft into the Silver Sparrow Vein was developed between 1930-1931. The quartz vein is 1.0m wide at surface with historical results reported as 56.20% Pb, 0.55% Zn, 31.6 oz/ton Ag (1083.4 g/t) and 0.8 oz/ton (27.5 g/t Au). The shaft was successfully located in 2024 but is collapsed and not safe for entry. Field crews sampled a weakly mineralized section of the vein at surface that returned low analytical values.

Silver Sparrow (Pine Tree Vein)

The 0.5-1.0m wide Pine Tree quartz vein was discovered in 1988 and is exposed in 3 historical trenches. The vein is interpreted to represent the strike length extension of the Silver Sparrow Vein ~70m to the east. Sample KBSWR012 (grab) returned 2.96 g/t Au, 11.30 g/t Ag and 0.23% Pb. Sample KBSWR013 (float) returned 21.20 g/t Au, 42.20 g/t Ag, 2.14% Pb. Sample KBSWR014 (float) returned 76.30 g/t Au, 56.30 g/t Ag, and. 3.30% Pb.

White Eagle (MinFile 082KSW126)

The White Eagle Showing is covered by active crown grants and was not sampled during the 2024 program. Historical reports indicate up to 7 surface trenches and 2 adits were developed between 1928-1930 exposing 2 mineralized veins hosting sulphide ore shoots up to 0.6m in diameter. Historical sampling reported up to 74.8 g/t (2.2 oz/ton) Au, 1141.7 g/t (33.3 oz/ton) Ag and 33.80 % Pb.

Lakeview Trenches (MinFile 082KSW198)

Discovered in 1988 the Lakeview showing includes 2 small hand dug trenches exposing massive galena-sphalerite-pyrite mineralization hosted in 0.2m wide quartz veins. Rock sample MMSWR003 (float) collected downslope of the trenches returned 3.40 g/t Au, 17.20 g/t Ag, 0.57% Pb and 0.18% Zn.

West Ridge (MinFile 082KSW197)

Historic workings developed between 1928-1930 includes 7 trenches and a 15.2m shaft from the ridgetop and a 150m long adit. The mineralized quartz vein is up to 1.0m wide and hosts pyrite-galena-sphalerite-stibnite-tetrahedrite. Sample MKSWR001 (float) was collected downslope of a historic trench and returned 47.00 g/t Ag and 1.32% Pb.

Juno (MinFile 082KSW197)

The 2024 field work did not include the Juno showings. Developed around 1928 the vein was explored in multiple trenches and an adit. Reported grades include 1.4 g/t Au, 600.0 g/t Ag, 29.0% Pb and 29.8% Zn (Minister of Mines Annual Report 1925). The Juno showing requires future follow-up and assessment.

Rock grab samples and float samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. The above historical results were taken directly from MINFILE descriptions and assessment reports (ARIS) filed with the BC government as well as results from the 2024 exploration program by Eagle Plains. 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 Management cautions that rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property.

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 $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.

On October 2, 2024, Eagle Plains announced 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 $38M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m 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 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 were the highest gold grades reported in Eagle Plains' 2024 Snowstorm Project sampling?

The highest gold grade reported was 76.30 g/t Au from the Pine Tree vein sample KBSWR014, along with 56.30 g/t Ag and 30.30% Pb.

How large is Eagle Plains' Snowstorm Property after the recent expansion?

After acquiring additional mineral claims through staking in 2024, the Snowstorm Property has increased to 2084 hectares.

What type of mineralization is present at the Snowstorm Property?

The property hosts polymetallic veins carrying gold-silver-lead-zinc±antimony mineralization, associated with quartz-calcite veins hosted in siliciclastic sediments.

How many BC Minfile occurrences are present on the Snowstorm Property?

The Snowstorm Property is underlain by 8 BC Minfile occurrences, including the White Eagle occurrence which is covered by a historical Crown Grant.

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