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Eagle Plains Discovers Base-Metals on
Pelly Mountain VMS Properties, Central Yukon Territory
Cranbrook, B.C.: Eagle Plains Resources
Ltd. (EPL:CDNX) is pleased to announce analytical results
on two of its 100% owned properties located in the Pelly
Mountains of south-central Yukon Territory, approximately
30km south of Ross River. Volcanogenic massive sulphide
(VMS) polymetallic (gold-silver-copper-lead-zinc) mineralization
was targeted on the St. Cyr, Fire, and Ice properties.
Though no significant mineralization was encountered
on the St. Cyr property, on the Fire and nearby Ice
properties, five of six holes intersected thick barite
material containing variable amounts of silver-lead-zinc
mineralization. Five holes were collared on the Fire
property from two locations some 800m apart. No significant
results were obtained from Hole 1. Holes 2-5 (all drilled
from the same location) intersected mineralized barite
material over apparent thicknesses ranging from 5.3m
to 15.1m. Results include:
DDH F00-02 (-78°/265°) 23.0-38.1: 15.1m @ 22.4g/T
Ag, 1529ppm Pb and 6033ppm Zn, including 3.3m (approximate
true thickness) @ 65.5g/T Ag, 4930ppm Pb and 2.15% Zn.
Hole lost at 38.1m.
DDH F00-03 (-50°/175°) 23.5-34.7: 11.2m @ 5.8gm/T
Ag, 415ppm Pb and 1903ppm Zn.
DDH F00-04 (-50°/355°) 43.2-48.5: 5.3m @ 17.8g/T
Ag, 1293ppm Pb and 3654ppm Zn.
DDH F00-05 (-78° /265°) 24.6-81.9: 57.3m @ 4.4g/T
Ag, 428ppm Pb and 1219ppm Zn, including 24.6-31.3 :
6.7m @ 14.4g/T Ag, 1561ppm Pb and 3833ppm Zn; and 57.4-69.6:
12.2m (approximate true thickness) @ 3.3g/T Ag, 199ppm
Pb and 1437ppm Zn.
On the Ice property, located 7km SW of the
Fire, a single vertical hole (DDH I00-01) was
drilled to a total depth
of 107m (351'), and intersected a thick exhalitive
bedded barite horizon containing numerous stratiform
sulphide
horizons over an approximate true thickness of 48.4m
(158.8 feet) from a depth of 30.2m (99.1') to 78.6m
(258'). The best mineralized interval within the barite
was found from 56.7m to 58.0m, which returned 5.64%
zinc, 0.17% lead, and 12.3 g/T silver. Overall, the
entire barite interval averaged 8.9g/T Ag, 5019ppm
zinc and 1659ppm lead over its 48.4m thickness. Located
immediately
beneath the mineralized barite is intensely altered,
sulphide and barite bearing volcaniclastic and exhalitive
rock to 107.0m (351'), where the hole was stopped
due to swelling clays. This material was also highly
anomalous
in base-metal mineralization, with the interval 78.6m-94.8m
averaging 6.31 g/T Ag, 2235 ppm zinc and 757 ppm lead.
Samples were processed using Atomic Absorbtion Spectroscopy
(AAS) and Inductively Coupled Plasma (ICP) geochemistry
at Northern Analytical Laboratories in Whitehorse.
Detailed analyses may be viewed downloaded
here [PDF Document] for all
holes mentioned above.
Subsequent to drilling activities, Eagle Plains staked
250 additional claims in the area, adjoining the Fire
and Ice properties, and securing additional VMS targets
within the region.
On Behalf of the Board of Directors
Tim J. Termuende, P.Geo.
President and CEO
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