Initially part of the larger "Findlay Creek" property, this 271-unit (16,450 acre) property is contiguous with the Greenland Creek property and shows excellent potential for hosting Sullivan-type mineralization. The claims are centered 35 km northwest of Kimberley and cover an extensive package of rocks including the same stratigraphic horizon which hosts the Sullivan deposit. Following an extensive exploration program by Kennecott, Eagle Plains in early 1999 entered into an agreement with Rio Algom Exploration Inc. whereby the company could earn a 60% interest in the property by completing $2,000,000 in exploration expenditures and making cash payments of $310,000 to Eagle Plains over four years. Kennecott originally optioned the property in 1996 and in 1997and 1998, spent $1,300,000 on exploration, including four drillholes comprising a total of 5151' (1570m). Rio Algom in 1999 completed sampling and geological mapping, and in 2000, drilled three deep holes for a total of 8400' (2,500m). Following 2000 drilling activity, Rio Algom withdrew from the project. |

South Findlay - Project Details [PDF]
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