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Drilling To Commence on Eagle Plains'
Bootleg Base-Metal Property, Southeastern B.C.
Cranbrook, B.C.: Eagle Plains Resources
Ltd. (EPL:CDNX) is pleased to announce that it has received
notification from optionee Rio Algom Exploration Inc.
that diamond drilling will commence on Eagle Plains'
100% owned Bootleg property, located near Kimberley,
British Columbia.
The property is situated 5 km from Cominco's world-class
Sullivan deposit, and is contiguous with the Sullivan
crown grants. Rio Algom may earn a 60% interest in
the 184 unit (11,200 acre) property by carrying out
$2,000,000
in exploration expenditures and making cash payments
of $310,000 over 4 years (see news release May 31,
2000).
Rio Algom has completed geological mapping and sampling
of the property during the 2000 summer season, and
is planning to test the Sullivan time-stratigraphic
horizon
with a single drillhole. Drilling activities are expected
to take approximately one week.
On Behalf of the Board of Directors
Tim J. Termuende, P.Geo.
President and CEO
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