News

Eagle Plains/Miner River Execute Formal Agreement with Kennecott on Greenland Creek Claims, Regain 100% Control of Findlay Creek Project

Cranbrook, B.C.: Partners Eagle Plains Resources Ltd. (EPL:ASE) and Miner River Resources Ltd. (MRG:ASE) have executed a formal option agreement with Kennecott Canada Exploration Inc. on their 50:50 joint-venture Greenland Creek property. In addition to an initial payment of $70,000 the agreement provides that Kennecott may earn a 60% interest in the 247 claim unit (15,000 acre) property by spending $2,000,000 on exploration and making total cash payments of $310,000 over a 4 year period (see News Release Nov 13, 1999).

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