News

Eagle Plains/Bethpage Capital Corp Execute Option Agreement for Hall Lake Property, South-eastern British Columbia

Cranbrook, B.C., 16 September, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has entered into a formal option agreement with Bethpage Capital Corp., (a private B.C. company), whereby Bethpage may earn an undivided 60% interest in Eagle Plains’ 100% owned Hall Lake Property located 30km west of Kimberley, British Columbia. Under terms of the agreement, Bethpage will complete exploration expenditures of $3,000,000, make cash payments of $260,000 and issue 1,000,000 common shares to EPL over a fifty-four month period. 

Providence Resources/Eagle Plains Conduct Geophysical and Geochemical Surveys on Iron Range Project

Vancouver, B.C., September 14th, 2011: Providence Resources Corp. (TSX-V:PV) and Eagle Plains Resources Ltd. (EPL:TSX-V) have now completed the majority of the planned fieldwork program for the Iron Range project in southeastern British Columbia. This ground based work is to be followed in September and October by airborne geophysics. 

Field work completed to date consists of the following:

Eagle Plains and Partners Commence Major Airborne Geophysical Survey in East Kootenay Region

Cranbrook, B.C., 09 September, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) is pleased to announce that it has commenced a 4,000 line-km airborne geophysical survey over a broad area of the East Kootenays, in south-eastern British Columbia. Funding for the project is provided by Eagle Plains and various option partners active on Eagle Plain’s tenures in the district. Planned for airborne geophysical coverage are the Iron Range, Hall Lake, Car, K-9, Goatfell, Findlay and Boundary (Dode) properties. A budget of $900,000 has been set for the work.

Eagle Plains/Drexel Commence Airborne Geophysical Survey on Titan Gold Project, NW British Columbia

Cranbrook, B.C., August 11, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) and Drexel Resources Ltd. (DX:TSX-V) have commenced a 500 line-km airborne geophysical (magnetometer and electromagnetic) survey on the Titan gold-copper property, located in northwestern British Columbia. Following the survey, the partners intend to complete follow-up geological work including geological mapping, prospecting and soil sampling to define specific target areas for diamond drilling.  The survey is being conducted by SkyTEM Canada Inc.

Eagle Plains/Blackrock Commence Geophysical Survey on Elsiar Copper-Gold Project, West-Central B.C.

Cranbrook, B.C., 9 August, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) and Blackrock Resources Ltd. (a private B.C. corporation) have commenced a $200,000 exploration program on the Elsiar copper-gold-moly property. Crews are now in place on the property and line-cutting and geophysical surveying (magnetometer and induced polarization “I.P.”) is currently underway. A total of 18 line-km of survey work is planned for the property and will be followed up by prospecting and geological mapping.

Eagle Plains/Rosedale Commence Airborne Geophysical Survey on Rohan Copper-Gold Project, NW British Columbia

Cranbrook, B.C., July 19th, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) and Rosedale Resources Ltd. (a private B.C. company) have commenced a 200 line-km airborne geophysical (magnetometer and electromagnetic) survey on the Rohan copper-gold property, located in northwestern British Columbia. Following the survey, the partners intend to complete follow-up reconnaissance geological work including silt-sampling and prospecting to define specific target areas for future work.

Eagle Plains/Olympic Commence Drilling Program at Dragon Lake Gold Project, Yukon

Cranbrook, BC, July 6th, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) and Olympic Resources Ltd. (OLA.P) announce that drilling activity has commenced on the 2,300 acre Dragon Lake project (the “Property”) located 85km northeast of Ross River, Yukon. Approximately 750m (2500’) of drilling is planned for three separate areas of the Property. The budget for 2011 work is $400,000 and is expected to take 2-3 weeks to complete.

Eagle Plains/Olympic Execute Option Agreement on Dragon Lake Gold Project, Yukon Territory

Cranbrook, BC, June 27th, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) and Olympic Resources Ltd. (OLA.P) have executed a formal option agreement whereby Olympic will have the exclusive right to earn a 60% interest in the 2,300 acre Dragon Lake project located 85km northeast of Ross River, Yukon. To exercise the option, Olympic must complete $3,000,000 in exploration expenditures, issue 1,000,000 common shares and make cash payments of $500,000 to Eagle Plains over 4 years.

Eagle Plains/Ecomax Enter Into Option Agreement on Acacia Project, Central British Columbia

Cranbrook, B.C., June 21st, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) and Ecomax Energy Services Ltd. (“Ecomax” EES.H: TSX-V) have entered into an agreement whereby Ecomax may earn a 60% interest in the 4,600 ha Acacia Property, located 45 km north of Kamloops in central British Columbia.

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