Business
Eagle Plains Announces Sale Agreement for Rusty Springs Property, YT
CRANBROOK, BC / ACCESS Newswire / November 3, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL)(O...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains Announces Sale Agreement for Rusty Springs Property, YTCRANBROOK, BC / ACCESS Newswire / November 3, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) (\"EPL\" or \"Eagle Plains\") is pleased to announce it has entered into a purchase and sale agreement, dated October 29, 2025, with Blackcomb Silver Corp. (\"Blackcomb\"), a private BC company, where by Blackcomb has acquired a 100% interest in Eagle Plains' wholly-owned Rusty Springs silver-lead-zinc-copper project (the \"Rusty Springs Property\"). Under the terms of the agreement, Eagle Plains will grant a 100% interest in the Rusty Springs Property to Blackcomb in exchange for 5 million common shares of Blackcomb. In addition, Eagle Plains will retain a 0.5% NSR on the current Eagle Plains claims, and an additional 1.5% NSR on 343 additional claims staked by Blackcomb, of which Blackcomb may purchase 0.5% for $1,000,000. Eagle Plains will receive an additional 5 million shares upon Blackcomb delivering an inferred resource estimate of a minimum of 80 million silver equivalent ounces. The current Eagle Plains claims have a 2% NSR held by Eagle Royalties, subject to a buy-back clause by which EPL can purchase 1% from Eagle Royalties for $1M.The Blackcomb and Eagle Plains claims form a land package of approximately 7540 hectares.Chuck Downie, President and CEO of Eagle Plains recently commented \"We are very excited to return to our Company roots and embark on another chapter of exploration at our original listing property. The multi-square kilometer footprint of alteration, anomalous multi-element geochemistry and high-grade silver mineralization at Rusty Springs indicates the presence of a significant mineralizing event. We believe that discovery potential exists both in the areas of historic work and within the broader claim area.\"Tim J. Termuende, Executive Chairman of Eagle Plains added: \"Rusty Springs holds a special place in my heart, owing to our long family history of the project which dates back nearly 50 years since its initial discovery and staking by my father and his colleagues in the mid-1970's. It is an extremely well-endowed area with geology and mineralization that has perplexed many who have worked there over the years. We wish Blackcomb the very best in their exploration efforts and remain enthusiastic shareholders and supporters.\"See ...