Eagle Plains Commences Iron Range Exploration
Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) has mobilized field crews to commence fieldwork on its 100% owned Iron Range property located near Creston, in south-eastern British Columbia.
The Iron Range property consists of 64 units (3890 acres) overlying the 16km-long expression of a prominent iron-oxide resource associated with the regional-scale Iron Range fault structure. The property is road-accessible, and is located within one kilometer of hydro-electric power, a high-pressure natural gas-line and rail service.
First recognized in 1897, the structure was until recently, secured by crown grants owned by the Canadian Pacific Railway and Cominco Ltd. Fourteen documented iron showings are located within Eagle Plains' current claim group and are located along a north-south trend. Surface exploration completed in 1957 confirmed the presence of a hematite-magnetite breccia zone over a 3km strike length, with widths of between 60m and 150m. Alteration assemblages suggest the presence of multi-phase mineral emplacement associated with hydrothermal fluids. The structure has never been tested below a 20m depth, and is considered by Eagle Plains geologists to hold considerable potential for hosting Olympic Dam type copper-gold and/or Sullivan-type base-metal deposits.
Phase One exploration is expected to take 30 days, and will consist of a comprehensive soil geochemical survey over the entire 16km strike-length, in conjunction with prospecting and geologic mapping. Some 1500 samples will be collected and analyzed. If warranted, a Phase Two program of trenching will be initiated, followed by diamond drilling.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
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