Business

Eagle Plains Completes Airborne Geophysical Survey at Eldridge and Puzzle Lake Projects, Saskatchewan

CRANBROOK, BC / ACCESSWIRE / April 20, 2021 / Eagle Plains Resources (TSXV:EPL) has comple...

articleEagle Plains Resources Ltd.April 20, 20213/news/eagle-plains-completes-airborne-geophysical-survey-at-eldridge-and-puzzle-lake-projects-saskatchewan
Eagle Plains Completes Airborne Geophysical Survey at Eldridge and Puzzle Lake Projects, Saskatchewan

About this update from Eagle Plains Resources Ltd.

Eagle Plains Completes Airborne Geophysical Survey at Eldridge and Puzzle Lake Projects, SaskatchewanCRANBROOK, BC / ACCESSWIRE / April 20, 2021 / Eagle Plains Resources (TSXV:EPL) has completed a high resolution airborne magnetic geophysical survey at its 100% owned Eldridge Lake and Puzzle Lake projects located in east-central Saskatchewan. Precision GeoSurveys Inc. of Langley, BC conducted the 1,981-line kilometer fixed-wing survey, flown at 100m line spacing.See property location map hereAbout the PropertiesEldridge Lake (12,541 ha), Puzzle Lake (3261.2 ha), Massey Lake (1872.9 ha), Sweet Lake (598.7 ha) and Merritt Lake (7629.55 ha) (the "Olson Regional Projects"), are stand-alone exploration projects identified and acquired through staking by Eagle Plains in 2020 following extensive research. The properties lie within the Trans-Hudson Corridor ("THC") and are considered prospective for both mesothermal gold and VMS-style mineralization. SSR Mining's Seabee Gold Operation, located 50 km north of the Eldridge Lake property, is also within the THC, and has produced over 1.57 million ounces of gold since 1991. Other active projects in the area include the Olson Project, located 8 km southeast of Massey Lake, where Eagle Plains and partner SKRR Exploration ("SKRR": CSE) recently announced significant drill results from a Fall, 2020 drilling program (see news release Mar 25, 2021).Management cautions that past results or discoveries on proximate lands are not necessarily indicative of the results that may be achieved on the subject properties. The company believes the information to be relevant and is considered to be a guide for additional work on the subject properties.The Olson Regional Projects are considered greenfields exploration targets and were identified based on a combination of prospective geology and a lack of historical exploration; none of the projects have been the focus of any significant mineral exploration. Parts of the current project area saw cursory work in the 1960's and 70's with the last significant industry work in 2014-15 when portions of the Eldridge Lake property were assessed for diamond potential. The southern parts of the Massey Lake and Puzzle Lake projects were covered by a high-resolution Time Domain Electromagnetic Survey flown in 2020 and funded by the Government of Saskatchewan as part of its Mineral Development Strat...

View stock analysis, news, and events for Eagle Plains Resources Ltd.