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Eagle Plains/Rex Resources Announce Results from 2022 Field Program at the Kalum Gold Property, Golden Triangle Region, BC
CRANBROOK, BC / ACCESSWIRE / December 12, 2022 / Eagle Plains Resources (TSX-V:EPL), ("EPL") has...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains/Rex Resources Announce Results from 2022 Field Program at the Kalum Gold Property, Golden Triangle Region, BCCRANBROOK, BC / ACCESSWIRE / December 12, 2022 / Eagle Plains Resources (TSX-V:EPL), (\"EPL\") has been notified by option partner Rex Resources Corp. (TSX-V:OWN), (\"Rex\") that it has received results from the 2022 field program field on Eagle Plains' 100% owned Kalum Property located approximately 35 km northwest of Terrace, British Columbia in the Skeena Mining Division. Field activities conducted in 2022 included soil sampling, rock sampling, lithogeochemical sampling, and geological mapping at a number of showings on the property. Samples taken at the Bling-Rico, Babit, Hat, and Tojo occurrences returned significant gold values. Soil sampling returned up to 390 ppb Au and rock sampling returned up to 12.55 g/t Au. These assay results confirm the high-grade nature of vein-hosted gold mineralization on the property.Rex has the exclusive right to earn a 60% interest in the property by completing exploration expenditures of $3,000,000, making cash payments of $500,000 and issuing 1,000,000 common shares to EPL over a four-year period.View Kalum Project/Highlight Map here2022 Fieldwork and ResultsThe focus of the 2022 fieldwork was to define targets for future drill programs. In total, 11 field days were spent on the property, resulting in the collection of 67 rock samples, 277 soil samples, and 64 geological stations. The 2022 field program was managed by Terralogic Exploration Services of Cranbrook, BC.Rock sample results ranged from ranged from trace values to a high of 12.55 g/t Au. Of the 67 rock samples analysed, thirteen assayed over 1.0 g/t Au. The samples were collected from massive, sulphide-bearing quartz veins up to 2.5m in width cutting both Bowser Lake Group sediments and younger intrusives on the property.View Kalum Project 2022 Results Map hereSignificant 2022 Rock Sampling ResultsSampleTypeZoneDescriptionAu (g/t)Ag (g/t)EMKMR032grabBabit1% oxidized pyrite hosted in quartz vein.12.551.6EMKMR003grabBling5% pyrite hosted in massive quartz vein.4.823.2EMKMR030grabBabit10 cm quartz vein with 2% pyrite and trace galena.4.634.4EMKMR037grabHatAnkerite altered, sparry quartz vein float.3.83248EMKMR033grabBabitMassive, limonite-stained quartz vein.2.791.7EHKMR007grabTracyQuartz vein, weathered orange ...