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Eagle Plains/Heemskirk Advance Coyote Creek Gypsum Project
Eagle Plains/Heemskirk Advance Coyote Creek Gypsum Project
About this update from Gunnison Copper Corp.
[{"type":"text","content":"\nEagle Plains/Heemskirk Advance Coyote Creek Gypsum Project\n\n\n May 3, 2010 (Filing Services Canada) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTCBB_Pink_Sheets), has recently received a second cash payment and notification by Heemskirk Canada Ltd. that it has completed its Phase One review of the Coyote Creek gypsum project and intends to maintain its option to purchase a 100% interest in the property. If the option is exercised, Eagle Plains will receive a final cash payment and retain a production royalty for any material mined from the property. A permit is currently in place allowing for extraction of a 5,000 tonne bulk sample.The property consists of 1300 hectares acquired by Eagle Plains in 2001 by staking and holds no underlying royalties or encumbrances. The property is road-accessible with hydro-electric power and rail transportation located 24 km by existing road from property boundaries. The claims cover numerous gypsum occurrences hosted within the Burnais Formation. About Eagle PlainsEagle Plains continues to conduct research, acquire and explore metal projects in western Canada. In addition to holding mining royalties on various projects, the Company controls over 35 gold, base-metal and uranium projects, several with third parties including Excelsior Mining Corp (TSX:MIN.P), Sandstorm Resources Ltd. (TSX-V:SSL), Waterloo Resources Ltd. (TSX-V:WAT.P), Prize Mining Corp. (TSX-V:PRZ), Touchdown Capital Inc. (TSX-V: TDW) and 99 Capital Corp. (TSX-V:WDG). In recent years, Eagle Plains has completed option agreements with Teck Limited (TSX:TCK.B), Alexco Resource Corp. (TSX-V:AXR), Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous other junior exploration companies, resulting in over 53,600m (163,370') of drilling and over $28.3 million in exploration spending on its projects since 1998. Expenditures during 2008 and 2009 on Eagle Plains' projects were approximately $7,300,000, funded by Eagle Plains and third party partners. This work resulted in approximately 6,900m of drilling and extensive ground-based exploration work and facilitated the advancement of numerous projects at various stages of development. This news release has been reviewed and approved by Tim J. Termuende, P.Geo., hereby designated as a qualified person under National Instrument 43-101...