Eagle Plains Terminates Agreement, Updates Lost Horse Project

Eagle Plains Resources Ltd. (TSXV:EPL) has terminated its Option Agreement with 1416753 B.C. Ltd. due to default on performance requirements. The agreement covered the Acacia, Finlith, Lost Horse, Surprise, and Toodoggone Projects.

The Lost Horse property, spanning 3,759 hectares in South-Central British Columbia, recently received a five-year MYAB permit, including provisions for trenching and diamond drilling. The property is known for its polymetallic veins, skarns, and copper-molybdenum-zinc breccias.

Exploration dates back to the 1930s with renewed activity in the 1960s and multiple sampling and drilling programs conducted until 2009. Since then, various exploration activities have continued, revealing significant mineralization.

In 2022, TerraLogic Exploration Inc. confirmed the presence of gold-silver-zinc mineralization on the property. Early 2024 fieldwork included mapping, prospecting, and soil sampling, with results still pending. Lost Horse is wholly owned by Eagle Plains, subject to a 0.5% Net Smelter Royalty.

Eagle Plains is actively seeking partners to further develop the Lost Horse project.