Eagle Plains Commences "Hit" Property Drilling Program
Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) announces that it has commenced the second phase of a two-phase exploration program on its' 100% owned Hit property located in east-central Yukon, 210 km northeast of Ross River. The 1999 Phase 1 program consisted of trenching and geologic mapping. Results were encouraging, and warrant follow-up by diamond drilling. The phase-two drill program will consist of 1000 feet (300m) in two to four holes, and is expected to take 7 to 10 days to complete.
The 16-unit (800 acre) property is situated within the Selwyn Basin, and is underlain by sedimentary rocks of the Road River Formation. Mineralization is stratigraphically controlled, and consists of gold enrichment within replacement horizons proximal to granitic rocks of the Cretaceous aged Tombstone Suite.
Drilling activity has recently been completed on Eagle Plains' 100% owned Dragon Lake Property, located 85 km northeast of Ross River (see News Release August 16th, 1999). A total of four holes were completed for a total of 985'. Results of this program will be announced as assays are returned.
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.