Hearne Hill South Project

The claims were acquired in 2023-2025 through a combination of staking and third-party purchase agreements and are owned 100% by Eagle Plains. On July 24, 2026, Eagle Plains entered into an option agreement with American Eagle Gold Corp. (TSXV:AE) (OTCQB:AMEGF), granting American Eagle the exclusive right to earn up to an 80% interest in Hearne Hill South, together with the nearby Jinx and NAK NW properties. A 2% smelter returns royalty (1% of which is repurchasable for CA$2,500,000) will apply if the option is exercised; see the Option Agreement section below for full terms.

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Project Highlights

Located in the prolific Stikine Terrane, proximal to past-producing mines and developed prospects
Road accessible with nearby hydro transmission lines
Under-explored geophysical anomalies consistent with prospective intrusive geology
Optioned to American Eagle Gold Corp. (up to 80% interest), a well-funded partner with proven exploration success at the adjacent NAK project and an established relationship with the Lake Babine Nation
Less than 4.5 km from American Eagle's flagship NAK project, where a 55,000-metre drill program is currently underway

Hearne Hill South Project Map - PDF

Hearne Hill South Compilation Map_20260727_Cu

Summary

The 4,656 ha Hearne Hill South Project is located in central British Columbia, approximately 70 km northeast of Smithers and 20 km north of the past-producing Bell and Granisle copper mines. The property is less than 2 km from the Morrison and Hearne Hill deposits, highlighting the significant regional and local potential to host Cu-Au porphyry-type mineralization. The property can be accessed by truck utilizing a network of forest service roads from Highway 118 at Topley Landing, which are primarily used to service the past-producing mines and active logging operations in the area.
The claims were acquired in 2023-2025 through a combination of staking and third-party purchase agreements and are owned 100% by Eagle Plains. On July 24, 2026, Eagle Plains entered into an option agreement with American Eagle Gold Corp. (TSXV:AE) (OTCQB:AMEGF), granting American Eagle the exclusive right to earn up to an 80% interest in Hearne Hill South, together with the nearby Jinx and NAK NW properties. A 2% smelter returns royalty (1% of which is repurchasable for CA$2,500,000) will apply if the option is exercised; see the Option Agreement section below for full terms.

Project Highlights

Located in the prolific Stikine Terrane, proximal to past-producing mines and developed prospects
Road accessible with nearby hydro transmission lines
Under-explored geophysical anomalies consistent with prospective intrusive geology
Optioned to American Eagle Gold Corp. (up to 80% interest), a well-funded partner with proven exploration success at the adjacent NAK project and an established relationship with the Lake Babine Nation
Less than 4.5 km from American Eagle's flagship NAK project, where a 55,000-metre drill program is currently underway

Eagle Plains Exploration

Eagle Plains has completed substantial first-pass work at Hearne Hill South, including a 2025 field program. This work included a 286 line-kilometre high-resolution airborne magnetic survey, more than 32 line-kilometres of closely spaced soil geochemical sampling, and prospecting that returned copper-mineralized rock samples, including a grab sample (LWHHR001) of fine-grained granodiorite with malachite staining and chalcopyrite mineralization along fracture fill and disseminations. These early results indicate that the property hosts underexplored geophysical and geochemical anomalies consistent with the porphyry copper exploration model, yet it had seen no modern drilling prior to the American Eagle option. All work was designed and executed by TerraLogic Exploration Inc. of Cranbrook, British Columbia.

Option Agreement - American Eagle Gold Corp.

On July 24, 2026, Eagle Plains and American Eagle Gold Corp. (TSXV:AE) (OTCQB:AMEGF) entered into an option agreement covering Hearne Hill South together with the nearby Jinx and NAK NW properties - 23 mineral claims and one claim application totalling 6,690 ha, representing approximately 72% of American Eagle's 9,283 ha district-scale land position in the Babine. All claims are owned 100% by Eagle Plains, with no underlying royalties or encumbrances prior to the option.

Under the First Option, American Eagle can earn a 60% interest in the combined project by paying CA$400,000 cash, issuing 1,200,000 common shares to Eagle Plains, and funding CA$4,850,000 in exploration expenditures over a six-year term. Under the Second Option, American Eagle may increase its interest to 80% by paying an additional one-time CA$1,000,000 (up to half payable in American Eagle shares at the 10-day VWAP). If either option is exercised, Eagle Plains will retain a 2% smelter returns royalty over the property, 1% of which is repurchasable by American Eagle for CA$2,500,000. Following exercise, Eagle Plains and American Eagle will form a joint venture, with American Eagle serving as Operator and TerraLogic Exploration Inc. continuing as geoscience consultant for pre-drilling exploration. American Eagle will also reimburse Eagle Plains for the 2026 field program at Hearne Hill South. The transaction remains subject to TSX Venture Exchange acceptance.
“The Hearne Hill South project was identified by American Eagle as the most compelling untested opportunity in the Babine camp, with the right geology, supportive geophysics, and virtually no drilling,” said Eagle Plains CEO Charles Downie. “American Eagle's stellar track record...and a commitment to First Nations and Community relations, in conjunction with $50 million in cash in their treasury, make them the ideal partner to make new discoveries.”

First Nations & Community

The Hearne Hill South, Jinx, and NAK NW claims lie within the traditional territory of the Lake Babine Nation (LBN). American Eagle has operated its adjacent NAK project since 2022 under an Exploration Agreement with the LBN that has since been expanded and updated three times, and the expansion of American Eagle's land position to include the Eagle Plains claims was undertaken with the knowledge and support of the Lake Babine Nation.

Future Work

American Eagle's 2026-2027 program is expected to include compilation of existing exploration data together with 3D inversion analysis of the property-wide magnetic data, integrated with American Eagle's district-scale datasets from NAK. Planned fieldwork includes infill soil geochemistry, prospecting, geological mapping, and ground geophysical surveying across priority anomalies, with the goal of defining drill targets. Further south on the option package, the Jinx claim group has returned gold-in-till with grain morphology suggesting a proximal bedrock source, along with a float sample returning copper and gold at porphyry tenors; targeted geophysics and systematic surface sampling are planned there to advance the target toward drill-ready status.

Details

Geology

The Hearne Hill South property is located within the Babine Porphyry Belt consisting of Tertiary and Cretaceous age porphyry occurrences in central BC. Intermediate intrusions of the prospective Babine Intrusive Suite intrude packages of volcanic and sedimentary rocks that comprise the Stikine Terrane, an island arc assemblage. The Hearne Hill South project is situated on the northern edge of the Skeena Arch, separating rocks of the younger Bowser Basin on the north from the Nechako Trough to the south. Jurassic aged uplift resulted in extension and faulting that act as the main control on the emplacement of Cretaceous and Tertiary age intrusions in the region.

Rocks of the Stikine Terrane primarily consist of Late-Triassic (Takla Group) and Early-Jurassic (Hazelton Group) marine volcanic, volcaniclastic and sedimentary rocks. Overlaying the Takla and Hazelton, the Mid- to Late-Jurassic Bowser Lake and Mid-Cretaceous Skeena groups are dominated by marine and non-marine sedimentary rock sequences that deposited in basins bound by north-northwest trending faults. Bowser and Skeena Group sediments are overlain by the Eocene Newman Formation, consisting of rhyolitic and andesitic volcanic rocks which formed during the emplacement of the intrusive Babine Suite.

Intrusive rocks in the area consist of six major suites spanning ages from the Late Triassic to Eocene and include the Topley (173-206 Ma), Omineca (121-181 Ma), Bulkley (70-84 Ma), Goosley Lake (49-53 Ma), Nanika (47-56 Ma), and Babine (49-55 Ma). While economic metal deposits have been associated with rocks from each of these intrusive events regionally, the Eocene age Babine Igneous Suite is the most prospective for porphyry copper mineralization of economic significance in the project area. Babine Suite intrusive units range from equigranular, fine- to medium-grained quartz diorite and quartz monzonite, porphyritic rhyolite and dacite dykes, and most notably a crowded biotite-feldspar porphyry (BFP).

Alteration associated with the mineralized porphyries of the Babine Igneous Suite follow that of a typical porphyry emplacement model, with a central potassic core defined by hydrothermal biotite +/- K-feldspar that grades outwards into phyllic (quartz-sericite-pyrite) and propylitic (chlorite-carbonate-epidote) assemblages. Cu mineralization is typically associated with the potassic centers but can also be found within phyllic alteration zones along the margins of the potassic core.

Structurally, Cu mineralization follows the northeast to northwest regional faults, which can be recognized in various geophysical data sets. Higher grades zones are noted to occur at contacts between intrusive rocks and the volcanic-sedimentary sequences of the Hazelton group.

Within the project boundaries the geology is dominated by volcanic and lesser sedimentary rocks of the Lower to Middle Jurassic Telkwa Formation (Hazelton Group). The volcanic rocks in the area consist primarily of grey lapilli crystal tuff and andesites. Local stocks of dioritic to quartz dioritic Triassic to Early Jurassic Topley Suite and Babine Igneous Suite intrusions have intruded the Hazelton Group rocks. Mapped intrusive rocks generally consist of biotite-feldspar porphyries (BFP) that form a predominant series of north-east trending dykes and plugs through the core of the Hearne Hill South Property. Magnetic geophysical data indicates that the distribution of intrusive rocks may be wider spread than surface mapping results indicate. Detailed geological mapping is warranted to further understand distribution of favourable geological units.

Mineralization

Two MinFile occurrences are documented within the current Hearne Hill South tenure boundaries, known as the Bab and Jake showings (Table 3). The Bab occurrence (BC MinFile 093M127), located 2 km east of northern Babine Lake, primarily consists of Lower Jurassic Telkwa Formation volcanics intruded by Eocene Babine Intrusions. A northwest-trending shear zone hosts significant mineralization including pyrite and chalcopyrite. A 1991 drill hole targeting an IP anomaly intersected propylitically altered diorite with disseminated pyrite and chalcopyrite, near surface. (BC MinFile 093M005). The Jake showing (BC MinFile 093M127), situated 5 km NE of Hatchery Arm on Babine Lake, displays minor mineralization of pyrite, chalcopyrite, and malachite infilling fractures within the stratified andesitic to rhyolitic flows and tuffs. Five additional MinFile occurrences of interest are documented proximal to the Hearne Hill South property; including the Hearn Hill (deposit), Morrison (deposit), Wolf (prospect), Nak (deposit) and David (showing) occurrences.

Significant mineralization in the region has been recognized in two forms: (1) stockwork porphyry Cu+Mo mineralization typical of that associated with BFP intrusions in the Babine; and (2) breccia pipes containing higher grade Cu+Au that form the core of the Hearne Hill porphyry deposit. Within the porphyry style hydrothermal system, the BFP intrusions and to a lesser degree the intruded Hazelton volcanic rocks, host chalcopyrite, pyrite, bornite, and minor molybdenite within quartz veinlets, fracture fill and disseminations. Strong biotite and quartz-sericite alteration is associated with mineralization, with potassic alteration being associated with the best grades. The alteration intensity decreases outwards into lesser mineralized quartz-sericite and propylitic zones. Mineralization hosted within stockwork veins are typically best within the volcanic and sedimentary country rocks, likely the result of higher porosity relative to the intrusions.

At the Hearne Hill Deposit two breccia bodies, the Chapman and Peter Bland zones, are situated within and adjacent to the porphyry Cu stockwork zone. Both breccia zones are elongated along a principal NNE trending fracture system and are noted to host Cu+Au mineralization. The breccia pipes plunge steeply to the east and are generally monolithic, containing angular clasts of the immediate wall-rock of dominantly BFP and lesser Hazelton volcanic rocks. The clasts are cemented by chalcopyrite, pyrite, lesser carbonate and dolomite with minor chalcedony.

At the Morrison Deposit mineralization is dominated by chalcopyrite and pyrite with lesser bornite. Chalcopyrite is noted within BFP intrusions and the sedimentary country rocks, hosted in stockwork veinlets and fractures. Copper grades are noted to be best within potassic (biotite-K-feldspar) alteration zones.

Regional Exploration History

Between 1967-1972 exploration efforts by various operators investigated the geological potential of region. Surficial geochemical assessment was successful in confirming Cu-mineralization potential related in intrusive rocks. Various geophysical work programs including ground magnetometer, ground/airborne electromagnetic and IP surveys were completed to further assess anomalous mineralization highlighted in the results of the geochemical work programs.

In 1981, Noranda Minerals Limited completed an exploration field program on the Lake Mineral Claims including regional and property geological mapping, soil geochemistry, ground magnetometer, and reconnaissance induced polarization surveys. Multiple target areas, associated with magnetic lows were identified.

In 1989, focusing on the Hearne Hill Deposit area, Noranda Minerals Inc. completed soil sampling and mechanical trenching. The work program successfully defined Cu-in-soil anomalies that were tested in 6 diamond drill holes, totaling 468 m. Four holes intersected mineralized breccia and represents a previously unrecognized deposit style in the Babine region.

In 1991-1992, Noranda Minerals Inc. completed a reconnaissance geological mapping and prospecting program on the Morrison Group Claims. Prospecting and geological mapping were successful in locating Cu-bearing BFP rocks north of the Morrison Deposit. The program confirmed chalcopyrite and pyrite mineralization associated with argillic alteration facies of BFP. A single drill hole (BAB91-10), drilled outside of the current Hearne Hill South tenure, was completed to test IP chargeability anomalies associated with elevated Cu-in-soils. The hole, positioned within the south portion of the current Hearne Hill South tenure boundary, intersected a dioritic dyke with weakly anomalous chalcopyrite mineralization associated with propylitic alteration.

In 1993 Booker Gold carried out extensive trenching at the Hearne Hill Deposit, investigating the potential for additional breccia pipe mineralization. A total of 14 trenches were excavated in the vicinity of the mineralized breccia previously discovered by Noranda. Mineralization exposed by the trenching program included fracture filling and disseminated Cu mineralization in altered feldspar porphyry and altered Hazelton andesite volcanic country rocks. Several boulders containing chalcopyrite and pyrite were uncovered, returning up to 20.6% Cu, 0.146 oz/ton Au and 1.75 oz/ton Ag. Follow up drilling of 21 diamond drill holes were completed in the areas surrounding the trenches. DDH PH 20 drilled on the main breccia body at the Hearne Hill Deposit intersected 70.1 m of 2.1% Cu and 0.014 oz/ton Au.

In 1995 Teck Exploration Ltd. completed a regional airborne geophysical program in the Babine Porphyry Belt, collecting magnetic and radiometric data. Results from the magnetic data proved an effective tool for interpreting regional lithologies and structures. Radiometric data (K count) showed a strong anomaly over the well exposed Bell deposit; similar, but weaker responses are present over other major prospects.

In 1996, Aerodat Inc., on behalf of Lucero Resource Corp., completed a helicopter-borne geophysical survey over the Nak and Tak claim blocks, overlapping the northern portion of the current claim group. Electromagnetic and magnetic results identified 15 potential targets that are consistent with buried intrusions. Anomalous potassium results from the radiometric survey provides evidence of potential potassic alteration.

In 1997-1998, Booker Gold Exploration Limited conducted exploration at the Hearne Hill Property (Hearne Hill Deposit area), which included geochemical surveying, geophysical survey and diamond drilling. Results indicate significant Cu and Au mineralization of BFP intrusions. Results from the IP survey highlighted a strong, NE trending chargeability anomaly, following the trend of mapped local faults. A significant diamond drilling campaign, totaling in 58 boreholes, tested coincident geochemical and geophysical anomalies and successfully extended the high-grade core zone and located additional mineralized occurrences including a chalcopyrite cemented breccia.

In 1997-1998, Booker Gold Explorations Ltd., on behalf of Noranda Mining and Exploration Inc., conducted a geochemical sampling program over the Morrison Property, focusing on identifying new mineralized breccias. Three diamond boreholes were completed, with reports of mineralized intercepts up to 96m @ 0.72% Cu and 0.53 g/t Au.

In 1999-2003, trenching and diamond drilling were completed at the Morrison deposit by Pacific Booker Minerals. Work included expanding historical trenches and completing 15 diamond drill holes. Reported drill results include up to 273m @ 0.42% Cu and 0.25 g/t Au. Results were used to defined the northern extent of the deposit and further defined the mineralized core of the deposit.

In 2006, Knight Piesold Ltd. completed a geotechnical investigation program at the Morrison deposit, on behalf of Pacific Brooker Minerals Inc (Knight, 2006). The main purpose of the site investigation program was to collect the geotechnical information required for the feasibility level open pit slope design.

In 2017, Amarc Resources Ltd. completed a high-resolution heli-borne magnetic survey over parts of the Duke property. The survey highlighted major NE and NW trending structures and associated cross-structures in the Babine Lake area associated with the Skeena Arc development, along with inferred batholitic intrusions underlying the Duke property. Favourable geophysical trends identified during this program are interpreted to trend in a NW orientation onto the current Hearne Hill South Property and warrant field follow-up.

Further exploration by Amarc in 2019 at the Hearne Hill property included the collection of rock, soil and biogeochemical sampling. The program was designed to prove historic anomalous results, to prospect for mineralization along strike to the southwest of the Chapman breccia body and to test the efficacy of biogeochemical sampling within this terrain. Rock sampling confirmed the presence of high copper and gold values at the Chapman Breccia, returning values of >10,000 ppm Cu, 7.1 ppm Ag and 251.9 ppb Au.

In 2022-2023, Amarc Resources Ltd. completed an airborne magnetic survey over the Hearne Hill property. Results of the airborne magnetic survey highlight numerous magnetic features associated with intrusive and volcanic units within the property boundary, both proximal and distal to areas of known mineralization. Following the geophysical survey Amarc completed a comprehensive compilation of historical surface and drilling data from all publicly available data surrounding the project area. The report provides significant data on the claims surrounding the current property boundaries. Some historical anomalies highlighted in this report appear to trend onto the property and warrant field assessment.

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 Andrew Wilson at abw@eagleplains.com or call 1 866 Hunt Ore (486 8673).

Updated August 14, 2026