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Eagle Plains/Providence Capital Resume Diamond Drill Program at Iron Range Project, Southeastern BC
Jan. 18, 2011 (Filing Services Canada) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF...
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[{"type":"text","content":"\nEagle Plains/Providence Capital Resume Diamond Drill Program at Iron Range Project, Southeastern BC\n\n\n Jan. 18, 2011 (Filing Services Canada) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTCBB_Pink_Sheets), and Providence Capital Corp. (TSX-V:PV)  report that drilling has now recommenced on the Iron Range Project.  A $1.5M budget has been approved and will consist of approximately 5000m in 12-16 holes. The partners continue to test structural features and the stratigraphic interval known to host the Sullivan deposit, located 70km to the north. Current drilling will target both precious-metal and base-metal mineralization, following up on recent work which intersected two intervals of gold-bearing massive sulphide mineralization, the lower interval which resides at a stratigraphic position interpreted to be at or near the same interval which hosts the Sullivan deposit (see EPL/PV news release December 21st, 2010). A complete data package from the previous drill program including analytical results, drill-hole sections, strip-logs, collar locations and drill-hole orientations, geophysical data and drill-core photographs is available on the Eagle Plains website at: http://www.eagleplains.com TerraLogic Exploration Services of Cranbrook, BC (a wholly-owned subsidiary of Eagle Plains) has been contracted to carry-out fieldwork, with FB Drilling, also of Cranbrook, providing diamond drilling services. J.K Ryley, Project Geologist, is responsible for drill-hole planning, permitting and logistics, with C.C. Downie, P.Geo. the overall Project Supervisor. David Pighin, P.Geo. and Paul Ransom, P.Geo. have  been retained to provide geological consulting services to the project. Both have extensive backgrounds with the former Cominco Ltd. and are considered experts in the geology, mineralogy and exploration of the Sullivan and similar deposits in the Purcell Basin.   Iron Range Project SummaryThe Iron Range property is located 15km NE of Creston, BC. The property hosts numerous iron deposits which were originally staked in 1897 and were covered by Crown Grants held by Cominco Ltd. and the Canadian Pacific Railway for over 100 years.  Past work on the deposits by Cominco Ltd. focused on the considerable iron oxide resource with trenching and very shallow (20m depth) diamond ...