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Eagle Plains Resources Announces Acquisition of Uranium Exploration Claims in the Athabasca Basin, Saskatchewan
CRANBROOK, BC / ACCESSWIRE / May 19, 2020 / Eagle Plains Resources Ltd. (TSXV:"EPL") is pl...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains Resources Announces Acquisition of Uranium Exploration Claims in the Athabasca Basin, SaskatchewanCRANBROOK, BC / ACCESSWIRE / May 19, 2020 / Eagle Plains Resources Ltd. (TSXV:\"EPL\") is pleased to announce that through staking, it has acquired 20 claims prospective for uranium totaling approximately 7620 hectares in the Athabasca Basin area of Saskatchewan, Canada. The newly acquired claims were staked during recent re-openings of lapsed claims held by the Government of Saskatchewan. The three new uranium projects are 100% owned by EPL and are not subject to any royalties to underlying vendors.Cable Bay The Cable Bay property consists of 9 claims totaling 4070 hectares. The property is contiguous to the south and west with the ALX Resources-Pacton Gold Carpenter Lake JV, and to the east with a block of claims recently acquired by Cameco Corporation. The property overlies approximately 9 km of the central portion of the Cable Bay Shear Zone (\"CBSZ\") south of the margin of the Athabasca Basin. The CBSZ is a crustal-scale, regional lithotectonic domain boundary, nearby and parallel to the Virgin River Shear Zone which hosts the Centennial uranium deposit. Such major structural features are deemed important as pathways for mineralized fluids.The Cable Bay project was covered by a 2010 JNR Resources Inc.-Goldak high sensitivity airborne magnetometer survey. JNR integrated the results from this survey with previously acquired VTEM and DIGHEM geophysical data as well as basement geology and stream and lake geochemical data to define magnetic and conductor settings thought to be prospective for uranium mineralization. (AR 74G07-0066)The newly acquired Eagle Plains tenures cover two targets zones designated as medium-high priority by JNR. Both areas of interest are along the margin of the prospective Virgin River schist and are associated with DIGHEM conductors, magnetic linears and complex structural geology.Lazy Edward BayThe Lazy Edward property consists of 7 claims totaling 1420 hectares straddling the southern margin of the Athabasca Basin with the majority of the property covering basement rocks. The claims cover a series highly of prospective and underexplored basement-hosted conductors outlined by historical geophysical exploration including three target zones with coincident DIGHEM conductors and magnetic linear...