News

Eagle Plains Shareholders Meet to Consider Yellowjacket Spinout

Cranbrook, BC, December 15th, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) will hold its Annual and Special Meeting today (December 15th) to consider, and if approved, proceed with the Plan of Arrangement involving the spinout of Eagle Plains’ Yellowjacket Project, located in north-western British Columbia, as originally announced September 29th, 2011. The spin-out company will be called Yellowjacket Resources Ltd. and will be listed on the TSX Venture Exchange.

Eagle Plains/Olympic Announce Drill Results from Dragon Lake Gold Project, Yukon

Cranbrook, BC, November 22, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) and Olympic Resources Ltd. (TSX-V:OLA) announce that drill results have been compiled and interpreted from a drill program conducted during the summer on the 2,300 acre Dragon Lake project (the “Property”) located 85km northeast of Ross River, Yukon. A total of 660m was completed in 6 holes which tested three separate zones of mineralization on the property. Total cost of the program was $450,000.

Eagle Plains and Gold Royalties Corporation Execute Agreement on Blende NSR

Cranbrook, B.C., 01 November, 2011: The Board of Directors of Eagle Plains Resources Ltd. (TSX-V:EPL) (the “Company” or “Eagle Plains”) announces that it has executed an agreement with Gold Royalties Corporation, whereby Gold Royalties Corporation has purchased the 2% Net Smelter Royalty (“NSR”) currently held by Eagle Plains relating to any future production at the Blende Property, located in central Yukon approximately 65km NE of Keno.

Eagle Plains Announces Proposed Spin-Out of Yellowjacket Gold Project

Cranbrook B.C., 29 September, 2011: The Board of Directors of Eagle Plains Resources Ltd. (TSX-V:EPL) (the “Company” or “Eagle Plains”) is pleased to announce its plan (subject to court, shareholder and regulatory approval) to transfer the Company’s Yellowjacket Gold Project under a Plan of Arrangement (the “Arrangement”) in an effort to maximize shareholder value. The project as described below will be transferred into a new company, incorporated under the name Yellowjacket Resources Ltd.

Eagle Plains/49 North Subsidiary Execute Option Agreement for Goatfell Property, South-eastern British Columbia

Cranbrook, B.C., 26 September, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) reports that it has entered into an agreement with 101191710 Saskatchewan Ltd., a subsidiary of 49 North Resources Inc. (FNR:TSXV), whereby 101191710 Saskatchewan Ltd. may earn an undivided 60% interest in Eagle Plains’ Goatfell Property located 30km east of Creston, British Columbia. Under terms of the agreement, 101191710 will complete exploration expenditures of $3,000,000 make cash payments of $250,000 and issue 1,000,000 common shares to EPL over a four year period.

Eagle Plains/Bethpage Capital Corp Execute Option Agreement for Hall Lake Property, South-eastern British Columbia

Cranbrook, B.C., 16 September, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has entered into a formal option agreement with Bethpage Capital Corp., (a private B.C. company), whereby Bethpage may earn an undivided 60% interest in Eagle Plains’ 100% owned Hall Lake Property located 30km west of Kimberley, British Columbia. Under terms of the agreement, Bethpage will complete exploration expenditures of $3,000,000, make cash payments of $260,000 and issue 1,000,000 common shares to EPL over a fifty-four month period. 

Providence Resources/Eagle Plains Conduct Geophysical and Geochemical Surveys on Iron Range Project

Vancouver, B.C., September 14th, 2011: Providence Resources Corp. (TSX-V:PV) and Eagle Plains Resources Ltd. (EPL:TSX-V) have now completed the majority of the planned fieldwork program for the Iron Range project in southeastern British Columbia. This ground based work is to be followed in September and October by airborne geophysics. 

Field work completed to date consists of the following:

Eagle Plains and Partners Commence Major Airborne Geophysical Survey in East Kootenay Region

Cranbrook, B.C., 09 September, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) is pleased to announce that it has commenced a 4,000 line-km airborne geophysical survey over a broad area of the East Kootenays, in south-eastern British Columbia. Funding for the project is provided by Eagle Plains and various option partners active on Eagle Plain’s tenures in the district. Planned for airborne geophysical coverage are the Iron Range, Hall Lake, Car, K-9, Goatfell, Findlay and Boundary (Dode) properties. A budget of $900,000 has been set for the work.

Eagle Plains/Drexel Commence Airborne Geophysical Survey on Titan Gold Project, NW British Columbia

Cranbrook, B.C., August 11, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) and Drexel Resources Ltd. (DX:TSX-V) have commenced a 500 line-km airborne geophysical (magnetometer and electromagnetic) survey on the Titan gold-copper property, located in northwestern British Columbia. Following the survey, the partners intend to complete follow-up geological work including geological mapping, prospecting and soil sampling to define specific target areas for diamond drilling.  The survey is being conducted by SkyTEM Canada Inc.

Eagle Plains/Blackrock Commence Geophysical Survey on Elsiar Copper-Gold Project, West-Central B.C.

Cranbrook, B.C., 9 August, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) and Blackrock Resources Ltd. (a private B.C. corporation) have commenced a $200,000 exploration program on the Elsiar copper-gold-moly property. Crews are now in place on the property and line-cutting and geophysical surveying (magnetometer and induced polarization “I.P.”) is currently underway. A total of 18 line-km of survey work is planned for the property and will be followed up by prospecting and geological mapping.

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