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Eagle Plains Provides Update on Recent Uranium Project Acquisitions
CRANBROOK, BC / ACCESSWIRE / September 22, 2023 / Eagle Plains Resources Ltd. (TSXV:EPL) ("EPL" ...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains Provides Update on Recent Uranium Project AcquisitionsCRANBROOK, BC / ACCESSWIRE / September 22, 2023 / Eagle Plains Resources Ltd. (TSXV:EPL) (\"EPL\" or \"Eagle Plains\") is pleased to provide an update on recent tenure acquisitions in northern Saskatchewan, part of its growing portfolio of uranium projects.The Shasko Bay, Black Bay, Beaver River, and Don Lake projects are located in the Uranium City - Fond- Du-Lac area of the Lake Athabasca region. The projects target uranium in a number of geological settings including Beaverlodge-type, unconformity and basement-hosted models as well as containing precious metal and polymetallic targets. All projects are owned 100% owned by Eagle Plains, subject to a 2% NSR held by Eagle Royalties Ltd. on the Shasko Bay project only.Shasko BayThe 2571 ha Shasko Bay property is located 20 km southeast of Fond-du-Lac. Early exploration focused on gold potential at or near the Athabasca sandstone and underlying metasedimentary basement unconformity. In 1963-64 three diamond drill holes were completed within the current tenure, with DDH 63-1 returning 6.8 g/t Au over 2.1m from 193.5-195.6m (Assessment Report AF 74O02-0032).Subsequent work targeted unconformity and basement-hosted uranium mineralization. The most recent work on the property was by RPT Uranium in 2005-2008. RPT completed an airborne electromagnetic (MEGATEM) survey over the greater property area and in 2007 completed an additional electromagnetic (VTEM) and magnetic survey followed by geological mapping, prospecting and boulder sampling. A four- hole diamond drill program was later carried out, targeting electromagnetic conductors spatially related to surface geochemical anomalies. Drilling encountered up to 18.4 ppm U in Athabasca sandstone with elevated Ni, Pb, As, Th, La, Co, B and potential illite (clay) alternation near the basement unconformity. Existing drill coverage is wide spaced and several untested geophysical targets exist on the property.See Shasko Bay Project Location Map hereBlack BayThe 1114 ha property overlies six Saskatchewan Mineral Deposit Index (\"SMDI\") occurrences. Surface showings at the historic Black Bay Uranium Mine (SMDI 1296) were discovered in 1953, followed by underground development and diamond drilling in the mid 1950's. Mineralization occurs at geological contacts and consists of s...