BRIEF

on Eagle Plains Resources Ltd. (isin : CA2699062022)

Eagle Plains Completes Initial Data Compilation on Theory Copper-Gold Project

Eagle Plains Resources Ltd., listed as EPL on TSXV, has finalized the initial data compilation for its Theory Copper-Gold project, encompassing 9156 hectares in British Columbia's Toodoggone Mining District. The project, fully owned by Eagle Plains, beholds a promising setting for epithermal gold and copper-gold porphyry deposits, with a minor 0.5% Net Smelter Royalty on 122 hectares held by a third party.

Noteworthy of the project is its inclusion of a large, continuous land area within the metal-rich Toodoggone district. Highlighted geological features include low-sulphidation quartz-carbonate gold-silver veins and extensive hydrothermal alterations, indicative of favorable mining conditions. Eagle Plains emphasized that the last significant explorations dated back to 1988, marking the absence of modern geophysical or drilling methods since then.

In 2023, enhancing road constructions by Thesis Gold have ameliorated access to the property. The geological setup of the Theory project includes lower Jurassic Hazelton Group and late Triassic Takla Group volcanics, intersected by late Triassic and early Jurassic stocks. Additionally, the presence of the 'Red-Line' unconformity associates the site with several significant deposits in the region.

The historical data selection and ongoing detailed interpretations aim to refine future exploratory approaches on the property, which remains open for partnerships. Eagle Plains accentuates the unverified nature of historical results but views them as a foundation for future explorative endeavors.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Eagle Plains Resources Ltd. news