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Diamond Drilling Commences
on Eagle Plains’ Bohan Project
A diamond drill has been mobilized
to Eagle Plains Resources Ltd.'s (EPL:TSX-V) Bohan
project located 20km NE of Creston, in southeastern
British Columbia. The 76-unit (4600 acre) property
is 100% owned by EPL and carries no underlying royalties
or encumbrances. It is road-accessible and favorably
located with respect to hydro power and rail transportation
infrastructure.
EPL conducted an airborne geophysical
survey over the property in early 2004. The project
area last saw work
in 2001, when EPL contracted C. Greig, P.Geo. to carry
out geological mapping of the area. The target area
is considered to have good potential to host sedimentary-exhalative
(sedex) or manto-type base-metal mineralization. The
current program will be carried out under the supervision
of C.C. Downie, P.Geo., identified as a "Qualified
Person" under National Instrument 43-101.
Geological work by EPL and past operators
indicates that the Bohan property hosts an extensive
base metal
(Pb/Zn) geochemical anomaly (see
accompanying figure).
The anomaly is approximately 4 kilometers in length
with a central continuous zone of 250 meters by 1.5
kilometers and contains soil sample values up to
12,000 ppm zinc and 4229 ppm lead. This anomaly is
in part
coincident with an Induced Polarization (I.P.) geophysical
anomaly and has not been tested by diamond drilling.
The generally steep dip of the bedding and the orientation
of the soil and geophysical anomalies indicate the
potential for thick mineralized horizons. The rocks
underlying the Bohan property in the area of the
geochemical/geophysical anomalies are believed to be
equivalent to the rocks
that host the Wilds Creek (Leg) lead-zinc-barite
deposit located approximately 10 kilometers southwest
of the
property boundary.
A single 1000-1500' (300-450m) hole
is planned to test the center of the coincident anomaly,
and is expected
to take one week to complete. Permits are in place
for an expanded program, if results warrant.
Drilling activity has now been completed
on EPL's Terrace-area projects (Kalum and LCR). Results
will be issued as
assay data is compiled and interpreted.
Eagle Plains Resources continues
to conduct research, acquisition and exploration projects
in western Canada.
The Company controls over 30 gold and base-metal
projects, many of which are currently optioned to or
joint-ventured
with third parties including NovaGold Inc., Kobex
Resources Ltd., Northern Continental Resources Inc.,
Shoshone
Silver Mining Co., and Golden Cariboo Resources Inc.
These agreements expose Eagle Plains to over $18
million in exploration expenditures over the next five
years.
In recent years, Eagle Plains has completed option
agreements with Billiton Metals, Rio Algom Exploration,
Kennecott Exploration, Viceroy Resource Corp. and
numerous other junior exploration companies, resulting
in over
18,000m (60,000 ft) of drilling and over $6,000,000
in exploration spending on its projects since 1998.
On
behalf of the Board of Directors
Signed
Tim J. Termuende, P.Geo.
President and CEO
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