Eagle Plains | Kalum - Gold, Silver Mineral Exploration Property

Kalum | (gold, Silver)

The Kalum Gold Project consists of over 500 claims (>30,000 acres) located 30km northwest of Terrace, BC. The claims were acquired to cover numerous high-grade gold occurrences associated with a Cretaceous-aged intrusive stock that has intruded sedimentary and volcanic rocks of the Jurassic to Cretaceous aged Bowser Lake sediments.

The claims are owned 100% by Eagle Plains and represent the first time the mineral showings have been consolidated by a single owner. The area was targeted through compilation and review of existing geological, geochemical and geophysical data which identified mineralization within or proximal to the halo of a pronounced aeromagnetic anomaly which corresponds to the contact zone of the intrusive stock.

Historical exploration was focused at and around the documented showings, with no systematic exploration over the kilometers of accessible contact zone.

Between 2003 and 2009, Eagle Plains has completed significant exploration programs on the Kalum property under the direction of Julian Stephens, PhD. and Chuck Downie P.Geo. The programs included geological mapping and prospecting, rock grab and channel sampling, and stream sediment and soil sampling. The programs defined numerous new, high-grade zones of Au-Ag mineralization. In addition, many of the historical showings on the property were located, sampled and surveyed. This work has confirmed that the Kalum property is highly prospective for economically viable, Au-Ag epithermal vein-type deposits.

With improving gold prices, excellent infrastructure, favourable geology and geochemistry, and a political climate developing in British Columbia which is increasingly supportive of mineral exploration and development in the Province, the Kalum Gold Project represents an exciting and unprecedented opportunity to develop a new gold camp in an under-explored area.

This project is currently under option.

Updated August 15, 2012