Eagle Plains Commences Dragon Lake Drilling Program

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) announces that it has commenced the second phase of a two-phase exploration program on its' 100% owned Dragon Lake property located in south-central Yukon, 85 km northeast of Ross River. The 1999 Phase 1 program consisted of trenching, geologic mapping and a magnetometer survey on the property. Results were encouraging, and warrant follow-up by diamond drilling. The phase-two drill program will consist of 1000 feet (300m) in two to four holes, and is expected to take 10 days to complete.

The 40-unit (2000 acre) Dragon Lake property is situated within the Tintina Gold Belt, and is underlain by sedimentary rocks of the Hyland Group. Mineralization is stratigraphically controlled, and consists of gold enrichment within selected replacement horizons proximal to granitic rocks of Cretaceous age.

On behalf of the Board of Directors

Signed

“Tim J. Termuende”
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 http://www.eagleplains.com

 

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