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Eagle Plains Partner SKRR Intersects Significant Gold Mineralization at Olson Gold Project, Northern Saskatchewan
CRANBROOK, BC / ACCESSWIRE / February 4, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) ("Ea...
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[{"type":"text","content":"Eagle Plains Partner SKRR Intersects Significant Gold Mineralization at Olson Gold Project, Northern SaskatchewanCRANBROOK, BC / ACCESSWIRE / February 4, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) (\"Eagle Plains\") and SKRR Exploration (\"SKRR\") have received analytical results from the first five holes of the 18 hole, 2981m (9,778') drill program completed in Fall, 2020 on EPL's 100%-owned Olson property (the \"Property). The Olson property area covers 5,038 ha located within the Trans Hudson Corridor 100 km east of La Ronge, Saskatchewan and 80km south of SSR Mining's Seabee Gold Operation. SKRR may earn a 75% interest in the Property by completing exploration expenditures of $3,000,000, making cash payments of $250,000 and issuing 1,000,000 voting class common shares to EPL over a 4-year period. Details of the option agreement are outlined below. Analytical results for the outstanding holes will be released once they have been received, compiled and interpreted. All 2020 work, including the drill program and an earlier field program, were fully funded by SKRR.Highlights:Significant near-surface mineralization intersected in two holes to dateNew mineral discoveries at previously undrilled Point and Jena zones, show substantial widths of moderate to high grade gold mineralization, within multiple stacked intervals including:Point ZoneDDH OL2000439.80m @ 1.09 g/t Au (3.05m to 42.85m)incl: 7.62m @ 3.44 g/t Au (15.75m to 23.37m)incl: 1.53m @ 13.80 g/t Au (21.84m to 23.37m)DDHOL2000531.04m @ 0.51 g/t Au (2.88m to 33.92m)Jena ZoneDDH 200021.53m @ 13.5 g/t Au (125.13m to 126.66m)1.24m @ 1.14 g/t Au (76.2m to 77.44m)1.21m @ 2.54 g/t Au (116.84m to 118.05m)Results from the remaining 13 holes of the program are pending and results will be released once they have been received, compiled and interpreted.True thicknesses of mineralized intercepts are undetermined.See Olson regional map here2020 Drill ResultsSKRR completed 18 holes, and 2981m (9,778') of diamond drilling during the 2020 drill program which tested seven separate target areas including the Jena, Juba, Point, Tuscan, Siskin, Olson and Michael Zones, located in the central part of the property.Analytical results ranged from trace values to broad, high grade intercepts, as summarized below.Select Drill Results Table:OL20001 - 005 Significant IntervalsHole FromToCore Length ...