Eagle Plains Commences 2004 Fieldwork in Southern B.C.
Cranbrook, B.C., 21 April, 2004: Eagle Plains Resources Ltd. (EPL:TSX-V) has mobilized a field crew to the West Kootenay region of southern British Columbia to commence fieldwork on the company’s 100 % owned Kokanee Creek project, located 18km northeast of Nelson, BC.
A geochemical survey will be completed over areas of interest recently delineated by a 75km airborne geophysical survey completed in early April, as announced April 1st, 2004. The survey was conducted by Geotech Geophysical Ltd., and consisted of airborne magnetometer and time-domain electromagnetic (EM) instrumentation.
The property was originally acquired by Eagle Plains in 1996, and is subject to a 1% NSR. The last systematic work on the property was carried out in March, 1997, and consisted of a 5-hole, 1400’ (430m) diamond drilling program which yielded significant results including hole KC97-2 which returned 26.11 g/t gold over 0.7m from 7.0-7.7m and 13.52 g/t gold over 1.4m from 21.8m to 23.2m. All five holes returned encouraging gold, silver, lead or zinc mineralization (see news release March 20th, 1997).
The 56-unit (3400 acre) property overlies metasediments forming an aerially extensive pendant within Nelson Intrusive rocks. Mineralization appears to be skarn-type, and appears to be contained within preferentially replaced sedimentary horizons. Little or no veining was encountered in the 1997 drillholes. The 1997 drill program represents the first documented exploration program to be completed on the property.
Eagle Plains Resources continues to conduct research, acquisition and exploration projects in western Canada. Through a network of experienced prospectors, consultants and contractors in addition to seasoned employees and a well-rounded Board of Directors, the Company has assembled a diverse portfolio of gold and base-metal properties. Eagle Plains seeks to attract joint-venture participation on its properties, thereby leveraging exploration spending to the ultimate benefit of the Company’s shareholders. In recent years, Eagle Plains has completed option agreements with Billiton, Rio Algom, Kennecott, NovaGold/SpectrumGold Inc., Viceroy Resource Corp. and numerous other junior exploration companies, resulting in nearly 13,000m (43,000’) of drilling and over $5,000,000 in exploration spending on its properties since 1998.
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.