Eagle Plains Commences Drilling On Coyote Creek Gypsum Project
Cranbrook, B.C. 12 October, 2005: Eagle Plains Resources Ltd. (EPL:TSX-V) has commenced a 10 hole, 2000 foot diamond drilling program on the Coyote Creek gypsum project located in the Lussier River/Coyote Creek area 50km NE of Cranbrook, BC. The property consists of 12 claims (1300 hectares) owned 100% by Eagle Plains and holds no underlying royalties or encumbrances. The property is road-accessible and has seen extensive logging activity in recent years. Hydro-electric power and rail transportation is located 15km by road from property boundaries.
The Coyote Creek claims cover gypsum occurrences hosted within the Burnais Formation. The Branch F (Minfile 082GNW071), Branch F West (Minfile 082GNW077) and Coyote (Minfile 082GNW078) Showings are exposed over widths of 25 – 30 meters, vertical heights of up to 60 meters, and contain gypsum in excess of 87% purity. It is believed that the Branch F West and Coyote showings are contiguous and “are estimated to have a combined potential of 6 million tonnes of gypsum” (Butrenchuk, S.B.; BCEMMPR Open File 1991 – 15). Eagle Plains plans to focus on developing the known gypsum occurrences on the property, with an aim to eventually extracting material for use in wallboard production.
Eagle Plains originally acquired the Coyote Creek property in 1999 for its zinc potential. Limited exploration drilling on specific zinc targets was carried out in 2000. In light of recent natural disasters in the United States and world-wide, EPL management anticipates improving markets for wallboard and other basic building materials. The gypsum potential of the property has never been systematically evaluated.
Eagle Plains Resources continues to conduct research, acquisition and exploration projects in western Canada. The Company controls over 30 gold and base-metal projects, many with third parties including NovaGold Inc. (NG:AMEX,TSX), Amarc Resources Ltd. - a Hunter Dickinson Group Company (AHR:TSX-V), Northern Continental Resources Inc. (NCR:TSX-V), and Golden Cariboo Resources Inc. (GCC:TSX-V). These agreements expose Eagle Plains to over $16.5 million in exploration expenditures over the next five years. In recent years, Eagle Plains has completed option agreements with Billiton Metals, Rio Algom Exploration, Kennecott Exploration, Viceroy Resource Corp. and numerous other junior exploration companies, resulting in over 27,000m (90,000 ft) of drilling and over $8,000,000 in exploration spending on its projects since 1998.
This news release has been reviewed and approved by Charles C. Downie, P.Geo., hereby designated as a “Qualified Person” under National Instrument 43-101
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
Cautionary Note Regarding Forward-Looking Statements
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