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Fieldwork Underway at Eagle Plains' Findlay Critical Metals Project
CRANBROOK, BC / ACCESSWIRE / September 6, 2023 / Eagle Plains Resources Ltd. (TSXV:EPL) or ("Eagl...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Fieldwork Underway at Eagle Plains' Findlay Critical Metals ProjectCRANBROOK, BC / ACCESSWIRE / September 6, 2023 / Eagle Plains Resources Ltd. (TSXV:EPL) or (\"Eagle Plains\") has mobilized crews to commence exploration activity on EPL's 100% owned Findlay Project, located 35km NW of Kimberley, BC and 15km north of Eagle Plains' Vulcan property. Fieldwork is being funded by Amaroq Gold Corp. (\"Amaroq\", a private BC corporation), which may earn up to a 75% interest in the project (details following).2023 Exploration activity at Findlay will consist of surface mapping, prospecting and soil geochemical sampling in the Midfork and Tourmalinite Ridge areas of the property.Findlay Project SummaryThe Findlay Project overlies Aldridge Formation stratigraphy, considered prospective for sedimentary-exhalative (\"sedex\") deposits. Structurally, this area has been identified as an extension of the North Star-Sullivan corridor which hosts the world-class Sullivan critical metals deposit 35km to the southeast. Over its 100+ year lifetime, Sullivan contained a total of 160 million tonnes of ore averaging 6.5% lead, 5.6% zinc and 67 g/t silver, resulting in 298 million ounces of silver, 18.5 billion pounds of lead, 17.5 billion pounds of zinc and significant quantities of associated metals; collectively worth over $40B at current metal prices. The Findlay property displays Sullivan-style exhalative tourmalinite (boron) horizons, massive fragmental sections, anomalous lead, zinc, and indicator geochemistry, and base-metal occurrences. This \"Sullivan smoke\" occurs throughout the Lower to Upper Aldridge formation and indicates the potential for Sullivan-style mineralization at multiple stratigraphic levels. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Findlay property.See Findlay Project Highlight Map and Webpage hereProject HistoryThe Findlay property has been explored sporadically since the 1930's. Government assessment reports show exploration programs by Cominco (1959-69, 1977, 1984-1988), Texas Gulf Sulphur (1971), Kerr-Addison Mines (1971-1975), Amax (1977-79), Four Tops Mining (1982-1985), Billiton Canada (1983-1984) and Teck Corp.(1990). Commodities sought were skarn-related tungsten from Cretaceous intrusions and base- and precious-me...