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Eagle Plains/99 Capital Release Results of Baska-Eldorado REE/Uranium Project, Northern Saskatchewan
Eagle Plains/99 Capital Release Results of Baska-Eldorado REE/Uranium Project, Northern Saskatchewan
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[{"type":"text","content":"\nEagle Plains/99 Capital Release Results of Baska-Eldorado REE/Uranium Project, Northern Saskatchewan\n\n\n Jan. 18, 2010 (Filing Services Canada) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTCBB_Pink_Sheets), and 99 Capital Corp. (TSX-V:WDG) are pleased to release results from 2009 exploration work on the Baska-Eldorado property located 55 km southeast of Cameco's Key Lake uranium deposit in north-central Saskatchewan, Canada. As announced previously, Eagle Plains has agreed to sell a 100% interest in the property (less 1% NSR) to 99 Capital, while retaining the option to buy-back a 50% interest.The focus of the $200,000 fall exploration program was to further delineate rare-earth-elements (REE's) and uranium occurrences outlined in earlier field programs. Work was funded 100% by 99 Capital.Highlights* Grab samples taken from historical trenches (AGKJR 001 and 002) returned Total Rare-Earth Oxides (\"tREO\") assays of 55.9% and 30.6%, respectively.  * Sample AGKJR003, taken over a 0.7 m interval, returned 18.9% tREO.*  Individual REE contents for grab sample AGKJR001 are as follows: Ce2O3 - 28.1%, Nd2O3 - 9.57%, Eu2O3 - 0.086%, and Tb2O3 - 0.051%.* Further work is recommended for the property2009 Work Program and ResultsBootleg Exploration Ltd., a wholly-owned subsidiary of Eagle Plains, was engaged to carry out field work, which commenced in late fall of 2009. Work consisted of line-cutting followed by ground geophysics, geochemical sampling, prospecting and geological mapping and sampling.At the Baska showing, 2 of 7 samples returned anomalous (>300ppm) uranium.  Sample AGKJR004 returned 1220 ppm U (0.113% U3O8 assay) from a pegmatite alteration selvedge.  Sample JBKJR022 returned 582 ppm U from the margin of a radioactive pegmatite that projected under a highly radioactive swamp.  The highest 2009 total rare earth result (tREE) from the Baska showing was 650 ppm (sample AGKJR005).At the Eldorado showing grid, 4 of 13 samples returned significant (>300 ppm) uranium, with 3 of those samples returning greater than 1000 ppm U.  The best sample, a 1 meter chip sample (JBKJR019), returned 2680 ppm U (0.326% U3O8 assay).  The other notable assay samples include: grab sample BWKJR003 (0.140% U3O8), and 1 meter chip sample JBKJR020 (0.124% U3O8).&#...