Geology

Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics, which unconformably overlie late Triassic Takla Group volcanics. The entire package of rocks is intruded by late Triassic and early Jurassic stocks. The majority of the Theory property encompasses the highly prospective Jurassic-Triassic unconformity (~200 Ma), termed by the BC Geological Survey as the ‘Red-Line,’ which has a high spatial correlation to many of the known deposits throughout the Golden Triangle and Toodoggone.

The 355 ha Wildhorse Property is located 27 km NE of Cranbrook in the Rocky Mountains of SE B.C.  Situated on the east side of the Wildhorse River, where over 1 m oz. of gold was mined from gravels in the late 1800’s, the claims coincide with the furthest reported upstream placer gold occurrences.

Acquired in 2004 for its gold vein occurrences and sediment hosted copper mineralization, The project is 100% owned by Eagle Plains with a 2% NSR held by Eagle Royalties containing a 1% buy-back clause.

The 4502.4ha project overlies 5 Saskatchewan Mineral Deposit Index (“SMDI”) occurrences associated with Beaverlodge-type uranium mineralization. 

The 1,565ha Brownell Lake Property is a highly prospective volcanogenic massive sulphide (“VMS”) polymetallic exploration project.  The claims were acquired in 2017 as part of a larger area that includes the Olson Project.  The property is located 100km east of La Ronge and 75km south of SSR Mining’s Seabee Gold Operation.

The 1,872ha Dianne Lake Property is located in northern Saskatchewan approximately 18 km northwest of Uranium City. The property is accessible year-round from Uranium City via ski- or float-equipped fixed wing aircraft.

The property was staked in 2020 to incorporate 3 significant silver-copper endowed mineral showings and associated east-west and north-east trending structures.

The project is 100% owned by Eagle Plains with a 2% NSR held by Eagle Royalties containing a 1% buy-back clause.

History

In the Pine Channel area, reconnaissance geology in the form of government reviews and mapping programs began in the late 1950’s. Several additional reports on uranium deposits and gold occurrences were carried out being carried out into modern times.  In the late 80’s geological mapping at the 250k scale had been completed over the area.  Additional government datasets include 3 airborne geophysical surveys and GSC lake sediment geochemistry.

The 3,871ha Schotts Lake Property hosts the Schotts Lake Zone, a volcanogenic massive sulphide (“VMS”) polymetallic deposit with a historical resource (non-43-101 compliant) of 1,983,850 tonnes grading 0.61% Cu and 1.35% Zn. The property is located 40km NW of Flin Flon Manitoba and 8.5km west of a power transmission line. Access is by winter road or float plane. The project is 100% owned by Eagle Plains with a 2% NSR held by Eagle Royalties containing a 1% buy-back clause.  

The 898 ha Dragon Lake Property is located 80 km NE of Ross River, YT. It has been explored since the mid 1940’s when Cu and Au mineralization was discovered by the GSC.

Access is by helicopter service from Ross River or Faro, YT.  Crews can be mobilized from the North Canol Road located 8 km to the SE.  Alternate access is by boat from km 110 on the North Canol Road. An exploration camp has been established on the tenure.

The 463 ha MM Project is situated in south-central Yukon 60 km south of Ross River. Work by past operators over 44 years has identified well-developed volcanogenic massive sulphide (“VMS”) mineralization and alteration.  The property is also prospective for Rare Earth Elements (“REE’s”).

Access is by helicopter serviced from Ross River.  Crews can be mobilized to the property from the Ketza River Mine road located 28 km NE of the property.