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).
Cranbrook, B.C.: Partners Eagle Plains Resources Ltd. (EPL:ASE) and Miner River Resources Ltd. (MRG:ASE) announce that final results have been received from a drilling program carried out during late 1998 on their 50/50 joint-venture Findlay property located in southeastern British Columbia within the North Sullivan Camp. Operator Kennecott Canada Exploration Inc.