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Eagle Plains/Windstorm Commence Drilling on Kalum High Grade Gold Project
Eagle Plains/Windstorm Commence Drilling on Kalum High Grade Gold Project
About this update from Giyani Metals Corp
[{"type":"text","content":"\nEagle Plains/Windstorm Commence Drilling on Kalum High Grade Gold Project\n\n\n Aug. 12, 2010 (Filing Services Canada) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTCBB_Pink_Sheets), and Windstorm Resources Inc. (TSX-V:WSR) are pleased to announce the commencement of drilling at the road-accessible, 21,883 ha Kalum gold-silver project, located approximately 35 kilometres northwest of Terrace, British Columbia in the Skeena Mining Division. Work in 2009, funded by Windstorm, resulted in a new discovery of high grade vein mineralization that assayed, from a grab sample, 983 g/t (28.667 oz/t) gold and 495 g/t (14.44 oz/t) silver within an area of strongly anomalous soil results. This new discovery will be the focus of Windstorm's 2010 exploration program.The work program will include prospecting, mapping and sampling in the area of the new high grade showing discovered during Windstorm's 2009 exploration program, followed by a minimum of 400 m of drilling. The showings on the Kalum property are high-grade gold occurrences associated with a Cretaceous-aged intrusion that has cut sedimentary and volcanic rocks of the Jurassic to Cretaceous aged Bowser Lake sediments. The original Kalum gold discovery was first prospected in 1919. Since then, eight additional BC Minfile occurrences have been discovered and explored by numerous exploration companies. In 2003, Eagle Plains was the first company to put all the known showings into a single property package. Since that time, over $1.9 million has been spent exploring the property. This work has included the first systematic mapping and exploration over the entire property and has resulted in the discovery of a number of new gold-silver showings.Windstorm has the right to earn up to a 60% interest in the Kalum Property from Eagle Plains Resources Ltd. (TSX-V: EPL, \"Eagle Plains\") by completing $3,000,000 in exploration, making $400,000 in payments, and issuing 500,000 shares to Eagle Plains over four years. Windstorm then has the option to increase its interest to 75% by producing a preliminary feasibility study by December 31, 2016.  About Eagle Plains Resources Eagle Plains continues to conduct research, acquire and explore metal projects throughout western Canada. In addition to holding mining royalties on various projects, Eagle Plains controls over 35 gold,...