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Eagle Plains Partner SKRR Acquires 75% of the Olson Gold Project and 100% of the Cathro Gold Project
CRANBROOK, BC / ACCESSWIRE / February 23, 2023 / Eagle Plains Resources Ltd. (TSXV:EPL) is ple...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains Partner SKRR Acquires 75% of the Olson Gold Project and 100% of the Cathro Gold ProjectCRANBROOK, BC / ACCESSWIRE / February 23, 2023 / Eagle Plains Resources Ltd. (TSXV:EPL) is pleased to announce that it has been notified by SKRR Exploration Inc. (TSXV: SKRR; FSE: B04Q) (\"SKRR\") that SKRR has completed the earn-in requirements to hold a 75% interest in the Olson property (the \"Olson Project\") and an undivided 100% interest in the Cathro property (the \"Cathro Project\"). Eagle Plains will retain an underlying 2% NSR on the Cathro property. The Olson Project area covers 11,219 hectares located within the Trans Hudson Corridor, 20km northwest of Deschambault Lake, Saskatchewan and 80km south of SSR Mining's Seabee Gold Operation. The Cathro Project area covers 3,277 hectares located approximately 50km northeast of La Ronge, Saskatchewan.About the Olson ProjectThe Olson Project area overlies regionally sheared, highly strained meta-volcanic and intrusive rocks which are considered to be prospective for orogenic gold mineralization. The Olson Project are is host to 29 mineral occurrences defined by historical geological mapping, prospecting, trenching and 4700m of diamond drilling, with the last drilling by third party operators reported in 2008. Historical drilling at Olson Lake intersected 7.5 m grading 2.07 g/t Au including 13.00 g/t Au over 0.65 m, and grab samples of up to 105.52 g/t Au have been collected at the Kalix occurrence. 2018-2019 fieldwork completed by EPL and a previous partner consisted of a detailed compilation of historical data, geological mapping, soil geochemical work and prospecting. The fall 2020 drill program by SKRR at the Olson Zone intersected significant gold mineralization including new discoveries at the previously undrilled Point, Jena and Michael's Lake zones, high grade mineralization in a step out hole at the historic Olson showing and wide intercepts of near surface mineralization at the Siskin Zone. Follow-up drilling in 2021 extended known mineralization at historical occurrences and resulted in a new gold discovery at the previously undrilled Ackbar Zone. To date, SKRR has conducted 3 drill programs at Olson; the first program was conducted in October 2020 followed by a second phase drilling program in March 2021 and a third phase program in February 2022. Drilling summary a...