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Eagle Plains/Annacotty Resources Announce 2023 Field Program at the Donna Gold Property, South-central, BC
CRANBROOK, BC / ACCESSWIRE / August 8, 2023 / Eagle Plains Resources (TSX-V:EPL)(OTC PINK:EGPLF),...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains/Annacotty Resources Announce 2023 Field Program at the Donna Gold Property, South-central, BCCRANBROOK, BC / ACCESSWIRE / August 8, 2023 / Eagle Plains Resources (TSX-V:EPL)(OTC PINK:EGPLF), (\"EPL\") has been notified by option partner Annacotty Resources Corp. (a private B.C. company) (\"Annacotty\"), that field crews are being mobilized to Eagle Plains' 100% owned Donna Property (the \"Property\"). EPL currently holds a 100% interest (less an underlying NSR) in the 11,494 ha Property located approximately 70 km east of Vernon, BC. Under terms of the amended option agreement, Annacotty can earn it's 60% interest by completing exploration expenditures of $4,080,000, making cash payments of $520,000 and issuing 1,300,000 common shares to EPL over a five-year period.2023 fieldwork will be caried out by TerraLogic Exploration Services of Cranbrook BC and is planned to include:prospecting, soil sampling and geological mapping on the Big Link Zone, along trend from the historic St. Paul following up on coincident soil and airborne geophysical targets generated from previous workprospecting and mapping at the Yeo Link Zone where coincident airborne magnetic signature and historic silt sampling results suggest a buried, mineralized diorite intrusionThe Donna Property is road-accessible and located within rocks of the prolific Quesnellia Terrane, host to many major B.C. porphyry deposits such as Highland Valley, Gibraltar, Mount Polley, Mount Milligan, Copper Mountain and others. Despite the rich endowment of mineralization in these rocks, the Donna area has seen relatively little exploration activity by industry or government. Placer gold claims overlie many of the creeks draining the Donna Property. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Donna property.See Donna Project Summary Map hereThe core claims of the Donna property were acquired in 2016 by Eagle Plains with additional tenures subsequently added through staking. Certain claims comprising the property are subject to an underlying 2% royalty held by an arms-length third party. The project area is located in the Monashee Mountains within the source headwaters of the historic Kettle River and Yeoward Creek placer gold camps. The claims lie within one of the larges...