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Eagle Plains Completes Airborne Geophysical Survey at Theory Copper-Gold Project in the Toodoggone District
CRANBROOK, BC / ACCESSWIRE / July 30, 2024 / Eagle Plains Resources Ltd. (TSXV:EPL) or ("Eagle Pl...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains Completes Airborne Geophysical Survey at Theory Copper-Gold Project in the Toodoggone District CRANBROOK, BC / ACCESSWIRE / July 30, 2024 / Eagle Plains Resources Ltd. (TSXV:EPL) or (\"Eagle Plains\") has completed a property wide, high resolution airborne magnetic and radiometric survey at it's 9156 ha Theory Copper-Gold project, located in the Toodoggone Mining District of British Columbia. Precision GeoSurveys was contracted for the survey and collected approximately 1000 line kilometers of data at 100m line spacing. Geophysics at this scale has never been completed on the project and will serve as an excellent foundation to begin evaluating the property and plan future work. The survey will also cover the 520 ha Gold Mountain Project, located ~3 kilometers east of the main Theory claim block. Interpretation of the results will begin once final deliverables are received from the contractor. The program is being managed by Terralogic Exploration Inc. of Cranbrook, BC.The Theory project is considered to be highly prospective for both epithermal gold and copper-gold porphyry deposits. The property is owned 100% by Eagle Plains, with 122 hectares of the property subject to an underlying 0.5% Net Smelter Royalty held by a third party.Theory Project HighlightsLarge contiguous land positionLocated in highly prospective Toodoggone Copper & Gold Mining DistrictMultiple occurrences of low-sulphidation quartz-carbonate gold-silver veinsPresence of argillic and propylitic hydrothermal alterationFavourable geological setting including a significant extent of the \"Red-Line\" unconformityLast significant exploration was 1988 with no modern geophysics or drillingSee Theory Project Webpage hereThe 9156 ha Theory Property is located in northern BC within the Toodoggone Mining District. The district is endowed with both epithermal gold and porphyry copper-gold deposits, most notably the past producing Kemess Mine owned by Centerra Gold. The Omineca Resource Road provides access to the region from Mackenzie, BC. Recent road upgrades completed in 2023 by Thesis Gold on their Lawyers-Ranch Project brought road access to within 8 kms of the Theory property.Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics which unconformably overlie late Triassic Takla Group volcanics. The entire packag...