Eagle Plains Stakes “Robinson Creek” High-Grade Gold, Copper VMS Property in Saskatchewan
Cranbrook, B.C., September 6th, 2017: Eagle Plains has acquired by staking, a block of claims named Robinson Creek, covering an area of 1,000 ha centered approximately 15km west of Flin Flon, Manitoba. The acquisition follows extensive research conducted by Eagle Plains in the area through TerraLogic Exploration Inc., a wholly-owned subsidiary. The property area has seen encouraging historical exploration activity targeting gold and base-metals. Numerous gold and base-metal occurrences have been documented by past operators. The claims are 100% owned by Eagle Plains and carry no underlying royalties or encumbrances. The property is contiguous with Cameco and SGO Mining Inc., which was recently acquired by SSR Mining (formerly Silver Standard Resources).
Robinson Creek Historical Highlights
- Non-43-101 historical resource documented
- Gold mineralization traced over 315m strike-length and to vertical depth of 90m
- Wasy Showing trench results include 2.5m grading 59.1 g/t Au
- Wasp Showing trench results include 0.5m grading 168.3 g/t Au, 0.5m grading 123.17 g/t Au and 0.7m grading 11.6 g/t Au
- Drill intercepts include: 1.46m grading 43.59 g/t Au, 0.46m grading 33.6 g/t Au, 0.73m grading 25.5 g/t Au
- SAM Zone VMS mineralization drill intercepts include: 2.32 m grading 1.86 g/t Au and 5.52% Cu; 2.16m grading 2.56 g/t Au, 3.26% Cu; 2.9m grading 0.36 g/t Au, 0.99% Cu; 1.6m grading 1.65 g/t Au, 4.48% Cu and 4.85m grading 0.53 g/t Au, 1.0 % Cu
- Numerous underexplored gold and VMS occurrences on property
Property Geology and Mineralization
Bedrock in the vicinity of the gold mineralized zones consists of Missi conglomerate rocks containing lenses of greywacke and Amisk Group volcanics intruded by gabbroic sills. Both are intruded by porphyritic granodiorite. The general strike in the area is northwest, dipping from vertical to 80° northeast. At least 3 separate northwest-trending zones of gold-bearing quartz veining occur and are collectively named the Robinson Creek showings. Gold mineralization at the Wasy, Wasp, Vein/Bleiler showings is associated with carbonate-bearing quartz veins within broad zones of shearing along the contacts between Amisk Missi group rocks.
The SAM Konuto-type Volcanogenic Massive Sulphide (“VMS”) mineralization is hosted in a fault contact along a distinct stratigraphic break between volcaniclastic and siliceous mafic volcanic rocks. Mineralization consists of pyrite-pyrrhotite and chalcopyrite as local disseminations and stringers. The SAM Zone has been traced to a depth of 200m, over a strike length of 200m and across a width of up to 50m. Gold grades vary with the highest gold grades associated with sections that contain significant zinc mineralization.
The Robinson Creek claims cover 8 separate Saskatchewan Mineral Deposit Index (SMDI) occurrences. The area has been worked by a number of different companies and individuals since the first claims were staked in 1915. Hudson Bay Mining and Smelting acquired claims in the Robinson Creek area in the 1940’s and although limited drilling returned significant gold assays, the claims were allowed to lapse. SMDC was active at Robinson Creek during the 1980’s, funding trenching, geophysics, geochemistry and limited diamond drilling independently and with option partners. The last significant work was completed by Cameco in 1989.
The SAM area saw work by Hudson Bay in the 1950’s, Granges Resources from the late 1970’s to the 1990’s and more recently and Aur Resources in 2000.
Companies working on the other SMDI occurrences included Claude Resources, SMDI, Cameco and Hudson Bay, as well as a number of other junior explorers and prospectors.
The technical information presented above is repeated for historical reference only and cannot be relied upon as the Company’s QP, as defined under NI-43-101 has not prepared nor verified the historical information. All drill intercepts are drill-indicated lengths. Insufficient technical information exists to demonstrate the true widths of these intersections. All of the technical information is derived from public documents available through the Saskatchewan Government Ministry of the Economy.
Eagle Plains intends to carry out a detailed compilation of all historical work in the property area, and will work to create a comprehensive database to aid in the planning and execution of future exploration programs on the property.
Eagle Plains is seeking joint-venture participation to further advance the Robinson Creek project.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Managements’ current focus is to preserve its treasury while advancing its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Since 2012, Eagle Plains has added to its portfolio a number of new projects exceeding 130,000 ha targeting mainly gold, uranium and base-metals in Saskatchewan, a highly-prospective mining jurisdiction which was recently recognized by the Fraser Institute as the best place in the world in terms of Investment Attractiveness. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
Expenditures from 2011-2016 on Eagle Plains-related projects were approximately $16.0M, which was funded by Eagle Plains and, for the most part, by third-party partners. This exploration work resulted in approximately 15,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
Technical aspects of this news release have been reviewed and approved by Charles C. Downie, P.Geo.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.