Elizabeth Lake Project

The 1266 ha Elizabeth Lake Property hosts the Elizabeth Lake Zone, a volcanogenic massive sulphide (“VMS”) polymetallic deposit with a historical resource (non-43-101 compliant) of 4 985 938 tonnes of 0.73% Cu and is highly prospective for VMS Cu-Zn-Ag-Au mineralization.

The property lays 24km north of La Ronge, Saskatchewan on the NE side of Nemeiben Lake which is accessed via Hwy 102. The property can be reached by ice road in winter and boat/float plane in summer. The claims were acquired in 2024 with no underlying royalties or encumbrances.

Project Highlights

• Host to the Elizabeth Lake Zone - a VMS deposit with a historic resource
• Excellent geology highly prospective for VMS mineralization
• Strike and depth extensions of stratabound mineralization warrant further exploration
• Multiple untested geophysical anomalies associated with favourable geology
• Excellent proximity to Infrastructure including all season roads and transmission lines

*Eagle Plains’ management considers these estimates to be historical in nature and cautions that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with National Instrument 43-101.  These estimates do not comply with current definitions prescribed by National Instrument 43-101 or the Canadian Institute of Mining, and are disclosed only as indications of the presence of mineralization and are considered to be a guide for additional work.  The historical models and data sets used to prepare these historical estimates are not available to Eagle Plains, nor are any more recent resource estimates or drill information on the Property.

Geology

The property is located within the Reindeer Zone of the Precambrian Shield which is exposed in northern Saskatchewan. It also lies within the regional deformation zone of shearing referred to as the La Ronge-Reindeer Lake Belt. This zone trends NE and is characterized by metavolcanics with metasediments that have been intruded by a variety of igneous units. The Elizabeth Lake copper deposit has been described as a Besshi-type volcanogenic massive sulphide deposit. Such deposits can form in a variety of tectonic extensional environments often forming thin stratabound sheets of massive or layered pyrrhotite, chalcopyrite, sphalerite, pyrite and minor galena in relation with a sequence of mafic volcanics and interbedded clastic rocks. These sulphide lenses can produce either electromagnetic or induced polarization signatures, contingent upon mineralization type and the presence of conductive sulphides.

History

Mineralization was first reported on the property in 1967 with the discovery trench being located and sampled in 1968. Industry exploration continued through to 1970 comprised of prospecting, sampling, geophysical surveys and 10,847m of diamond drilling. In the mid 70’s the Government of Saskatchewan carried out geochemical and geophysical surveys along with 1268m of diamond drilling. Between 1980 and 1997 Industry continued prospecting, mapping and geochemical and geophysical surveying. The most recent work on the property was an airborne EM geophysical program conducted in 2012. 

Mineralization

Mineralization on the property occurs as massive stratabound iron sulphide formations with veins, blebs and disseminations of chalcopyrite, pyrrhotite, galena and sphalerite. The stratabound sulphide bodies are thought to have formed syn-depositional to the metasediments by exhalative volcanogenic processes suggesting that concentrations of other sulphides and base metals could be found along the same trend. Mineralization appears to be controlled by a NE trending fault zone. Sulphide bodies also seem to coincide with tight NE plunging fold closures. Chalcopyrite mineralization is associated with coarse grained pyrite mixtures and higher abundances of quartz.

The most prospective showings are the discovery trench and the known copper deposit which remain open along strike from historic drilling.

Other prospective untested areas included magnetic and EM geophysical anomalies both north and south of the Elizabeth Lake deposit that are associated with anomalous copper in outcrop and soil samples associated with NE trending faults.

Historical sampling further north of Elizabeth Lake along the NW shore of Wilkinson Lake report a string of highly anomalous copper in rock and soil samples.

Eagle Plains Exploration

In Spring of 2025 priority historic data was digitized, referenced in GIS, and imported into a database. It is interpreted that mineralization on the property occurs as massive stratabound iron sulphide formations and that other concentrations of sulphides and base metals could be found along the same trend which appears to be controlled by a NE trending fault zone.

Future Work

Recommendations for future work include:

• 3D modeling of existing drill holes and mineralization
• Drill testing along strike and to depth of the known Elizabeth Lake Deposit area
• Prospecting and mapping in the area of known conductors located north and south of the Elizabeth Lake Deposit
• Conduct prospecting, mapping and an EM and magnetic geophysical program along the NW shore of Wilkinson Lake to locate conductors associated with surface mineralization

Eagle Plains - A Project Generator

Eagle Plains Resources is a project generator with several mineral exploration properties of merit that meet qualifying transaction requirements.  We facilitate the listing process for capital pool companies and initial public offerings while providing technical expertise for exploration programs.  Companies interested in co-operatively exploring any of our projects please contact: Chuck Downie at ccd@eagleplains.com or Mike Labach at mgl@eagleplains.com or call 1 866 Hunt Ore (486 8673). 
The Elizabeth Lake Project is currently available for option.

Updated April 30, 2025