Welcome to our dedicated page for Eagle Plains Res news (Ticker: EGPLF), a resource for investors and traders seeking the latest updates and insights on Eagle Plains Res stock.
About Eagle Plains Resources (EGPLF)
Eagle Plains Resources Ltd. is a seasoned, well-funded project generator with a rich history in acquiring and advancing grassroots mineral exploration projects across western Canada. Founded in 1992 and based in Cranbrook, BC, the company leverages advanced geophysical methods such as VTEM and MobileMT surveys, airborne electromagnetic techniques, and comprehensive drilling campaigns to identify high-potential mineral deposits. Its portfolio spans critical metals including uranium, gold, silver, copper, graphite, and polymetallic veins, addressing the growing demand for strategic resources in an electrified, decarbonized economy.
Business Model and Strategic Partnerships
Eagle Plains Resources distinguishes itself through a robust business model that focuses on acquiring exploration properties with significant potential and collaborating with experienced technical teams. The company utilizes innovative earn-in option agreements which allow partners to fund exploration efforts while sharing both risk and reward. This model has led to several successful spinouts and partnerships, including the creation of Eagle Royalties Ltd., which encapsulates a diversified royalty portfolio, and Osprey Power Inc., a wholly-owned subsidiary that expands exposure to clean energy opportunities.
Exploration Techniques and Project Portfolio
The company’s exploration arsenal includes state-of-the-art geophysical tools and methodologies including airborne magnetic surveys, detailed geological mapping, and diamond drilling. Projects like the Dufferin Project—targeting unconformity- and basement-hosted uranium deposits in the Athabasca Basin—demonstrate its technical prowess. In addition, Eagle Plains holds assets such as the Snowstorm Property with polymetallic veins, the Slocan Graphite Project with proximity to established processing facilities, and the Theory copper-gold project as well as the Iron Range gold project, all highlighting the breadth and depth of its exploration efforts.
Market Position and Industry Significance
Operating on the TSX Venture Exchange, Eagle Plains Resources is one of the oldest listed issuers, renowned for its disciplined approach to value creation and transparent project development. The company’s methodical application of advanced exploration techniques and strategic acquisition of mineral properties has solidified its reputation as a knowledgeable and resilient player in the resource exploration space. Its contributions extend beyond resource discovery, enhancing shareholder value through the creation and execution of spinouts that have generated significant market interest.
Commitment to Transparency and Technical Excellence
Embodying the principles of Expertise, Experience, Authoritativeness, and Trustworthiness, Eagle Plains Resources adheres to rigorous exploration standards and comprehensive reporting practices. Each project is backed by detailed technical analyses and geophysical survey data, emphasizing the company's commitment to methodological integrity and transparent communication with investors. This clear, data-driven approach ensures that stakeholders receive a thorough understanding of the company’s operational model and its substantial exploration capabilities.
Eagle Plains Resources (TSX-V:EPL) has completed 2024 fieldwork at its 100%-owned Adamant Property in British Columbia, which hosts Rare Earth Element (REE) mineralization. The company has also received a Multi-Year Area Based Permit (MYAB) for geophysics, trenching, and drilling. The 2024 fieldwork focused on extending known syenite and pegmatite dyke swarms and evaluating additional targets. It generated 23 rock samples and 2 stream-silt samples, along with scintillometer survey traverses. Previous work in the area has shown high-grade REE mineralization, with samples returning up to 12.63% Total Rare Earth Oxides (TREO). Eagle Plains is actively seeking a partner for the project, which meets qualifying transaction requirements for both CSE and TSX.V listings.
Eagle Plains Resources announces the completion of airborne geophysical surveys by partner Apogee Minerals at the Pine Channel Property in Northern Saskatchewan. The surveys, conducted at both Pine Channel and Shasko Bay projects, included:
1. A 267-line kilometre helicopter-borne magnetic survey at Pine Channel, identifying ten new prospective trends.
2. A 148-line kilometre infill, high-resolution airborne EM and magnetic survey at Shasko Bay.
The Pine Channel Property has shown promising historical results, including bonanza-grade gold mineralization up to 870 g/t Au in grab samples and significant drill intercepts. The Shasko Bay uranium target has potential for unconformity and basement style uranium mineralization. An exploration permit for Shasko Bay is valid until March 1st, 2026, allowing for advanced exploration activities.
Eagle Plains Resources (TSXV:EPL) has commenced fieldwork on its 100%-owned Snowstorm Property, located 45km E of Nakusp, British Columbia. The 1026 ha property hosts polymetallic veins with significant gold-silver-lead-zinc mineralization. The property is part of the historic Slocan Mining Camp and contains 6 BC Minfile occurrences. Previous exploration revealed high-grade samples, including:
- Up to 572 g/t silver, 2.81 g/t gold, and 22.4% lead at the Snowstorm occurrence
- 1.4 g/t gold, 600 g/t silver, 29% lead, and 29.8% zinc at the Juno occurrence
- 1540 g/t silver, 41.1% lead, 16.1% antimony, and 1.58% copper at the West Ridge vein
- 27.5 g/t gold, 1083 g/t silver, 56.2% lead, and 0.55% zinc at the Silver Sparrow occurrence
- 144 g/t gold, 158 g/t silver, 6.04% lead, and 3.47% zinc at the Lakeview occurrence
Eagle Plains aims to assess the project for its bulk-tonnage potential, as no historical drilling has been reported on the property.
Eagle Plains Resources (EPL:TSX-V) announces the passing of its founder, Robert (Bob) Termuende, at age 94. Bob was a visionary in the resource industry, with a career spanning over six decades. He founded Rio Alto Exploration, which was later sold for $2.4B, and Kenton Natural Resources (later Pacalta Resources), acquired for nearly $1B. In 1992, Bob co-founded Eagle Plains Resources, which remains one of the oldest companies on the TSX-V. His contributions to the industry and community were recognized with the King Charles III Coronation Medal in 2023. Bob's legacy is marked by his integrity, innovation, and commitment to making the world a better place.
Eagle Plains Resources (TSXV:EPL) has announced the termination of its Option Agreement with 1416753 B.C. due to default on performance requirements. The company has provided an update on its Lost Horse Copper-Gold Project, a 3,759ha property located in South-Central British Columbia. Eagle Plains has received a 5-year MYAB permit for Lost Horse, allowing for trenching and diamond drilling.
The property, underlain by Quesnel Terrane rocks, hosts known gold-silver-copper-molybdenum-zinc veins and is prospective for copper-gold porphyry mineralization. Recent exploration programs in 2022 and 2024 have confirmed gold-silver-zinc mineralization, primarily related to low-sulphidation epithermal veining. The Lost Horse project is now 100% owned by Eagle Plains and is available for option, with the company actively seeking partners.
Eagle Plains Resources (TSXV:EPL) has completed a high-resolution airborne magnetic and radiometric survey at its 9156 ha Theory Copper-Gold project in the Toodoggone Mining District of British Columbia. The survey, covering approximately 1000 line kilometers at 100m spacing, is the first of its kind for the project and will serve as a foundation for future work. The Theory project is considered highly prospective for epithermal gold and copper-gold porphyry deposits.
Key highlights of the Theory Project include:
- Large contiguous land position
- Located in the prospective Toodoggone Copper & Gold Mining District
- Multiple occurrences of low-sulphidation quartz-carbonate gold-silver veins
- Presence of argillic and propylitic hydrothermal alteration
- Favorable geological setting including the 'Red-Line' unconformity
Eagle Plains Resources (TSXV:EPL) has launched an updated website at https://www.eagleplains.com. The new site offers a user-friendly, visually-rich experience with improved navigation and functionality across all devices. Key features include:
- Enhanced performance and compatibility
- Updated project filters for partner identification
- High-resolution graphics
- Modern investor overview page with introductory videos
- Updated corporate presentation
- Custom icons for important information
- Redesigned news page for easy browsing
The website aims to provide valuable information about the company and its exploration projects more efficiently.
Eagle Plains announced its 2024 exploration season, covering 26 projects in British Columbia and Saskatchewan. The exploration aims to identify deposits of gold, silver, copper, uranium, zinc, lead, and rare earth elements using advanced geochemical and geophysical methods. Partners will fund 13 of these projects, focusing heavily on uranium exploration in Northern Saskatchewan with Xcite Resources and Refined Energy Corp. Eagle Plains will independently fund exploratory work in British Columbia, particularly targeting copper-gold porphyry and epithermal deposits. Terralogic Exploration manages field operations, having recently completed several surveys. Results from these initial explorations are pending.
Eagle Plains has received conditional approval from the TSX Venture Exchange to extend the expiry date of 3,785,529 common share purchase warrants.
These warrants, initially set to expire on July 11, 2024, are now extended to July 11, 2025. The warrants were issued in connection with a non-brokered private placement completed in July 2022.
The exercise price remains at 25 cents per warrant, and the acceleration clause triggering an early expiry if the share price reaches or exceeds 50 cents for 20 consecutive trading days remains unchanged.
Eagle Plains Resources has commenced field operations at its 100%-owned Mount Polley West (MPW) gold-copper project in south-central BC. The 9663 ha project is adjacent to Imperial Metals' Mount Polley Property and Osisko Development's QR Deposit. Notably, historical trenching showed promising results with 1.12% Cu over 35m, including 7.12% Cu over 5m. The 2024 field program aims to increase the density of till sampling, focusing on areas with overlapping radiometric and magnetic geophysical anomalies. Managed by TerraLogic Exploration, the program integrates modern geophysical survey reviews and results from 2023 fieldwork to identify drill targets. Eagle Plains is actively seeking partners for the MPW project.
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