Business
Earthwise Minerals Announces Letter of Intent With Eagle Plains for Option of the Iron Range Project, British Columbia
VANCOUVER, BC / ACCESS Newswire / February 10, 2025 / Earthwise Minerals Corp. (CSE:WISE) (FSE:966) ("Earthwise" or the "Company") is pleased to announce it has
About this update from Earthwise Minerals Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / February 10, 2025 / Earthwise Minerals Corp. (CSE:WISE) (FSE:966) (\"Earthwise\" or the \"Company\") is pleased to announce it has entered into a non-binding letter of intent (\"LOI\") with Eagle Plains Resources Ltd. (EPL) (\"Eagle Plains\") whereby Eagle Plains and Earthwise will negotiate and settle the terms of a definitive option agreement (the \"Option Agreement\") for Earthwise to acquire up to an 80% interest in Eagle Plains' wholly-owned Iron Range Gold project (the \"Iron Range Project\"). Drilling at Iron Range in 2010 resulted in the discovery of the Talon Zone, where drill-hole IR10-010 intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1g/t gold, 1.86% lead, 2.1% Zinc, 75.3g/t silver and 7.1m grading 8.13g/t gold, 2.84% lead, 3.07% zinc, 86.6g/t silver (Eagle Plains news release December 21st, 2010). Previous drilling 10km north of the Talon Zone in 2008 by Eagle Plains intersected gold mineralization in drill-hole IR08006 which assayed 7.0m grading 51.52g/t (1.50 oz/ton) gold (Eagle Plains news release dated April 20th, 2009). Management of both Eagle Plains and Earthwise consider the Iron Range project to hold excellent potential for the presence of structurally controlled gold-silver mineralization, iron-oxide copper-gold (\"IOCG\") and Sullivan-style lead-zinc-silver sedimentary-exhalative (\"sedex\") mineralization. About the Iron Range Project https://earthwiseminerals.com/iron-range-project/ Iron Range Project Summary The 21,437ha Iron Range Project located near Creston, BC, is owned 100% by Eagle Plains, subject to a 1% NSR on a portion of the claim group. A well-developed transportation and power corridor transects the southern part of the property, including a high-pressure gas pipeline and a high-voltage hydro-electric line, both of which follow the CPR mainline and Highway 3. The rail line provides efficient access to the Teck smelter in Trail, B.C. The project is fully permitted with a Multi-Year Area Based (MYAB) permit in place issued by the BC Ministry of Mining and Critical Minerals that includes provisions for geophysical work, mechanical trenching, access trail construction and diamond drilling. The Iron Range property covers an extensive area approximately 10km x 32km which overlies the regional Iron Range Fault System (\"...