Eagle Plains | Iron Range - Gold, Copper, Lead, Zinc Exploration

Iron Range | (Gold, silver, Copper, Lead, Zinc)

In July 2000 Eagle Plains staked a prominent mineralized structure in south-eastern British Columbia known as the Iron Range. Fifty claim units covering 223km of surface expression were secured immediately after crown grants held for some 70 years had reverted.

Past work on the Iron Range deposits was directed toward the considerable iron oxide resource and consisted of trenching and very shallow (20m depth) diamond drilling in the area along the Iron Range fault zone.

Ongoing work by Eagle Plains Resources Ltd. is focused on exploring the potential of the Iron Range fault zone and surrounding area as a conduit and host for both Iron-oxide-Cu-Au (IOCG) mineralization and sedimentary exhalative (SEDEX) Ag-Pb-Zn mineralization.

In 2008 while diamond drilling with the primary goal of outlining an iron resource, Eagle Plains drilled a bonaza grade gold intercept of 7m grading 51.5 g/t (1.5oz) gold from 20m to 27m . Values from other drill holes along strike indicate favorable mineralizing conditions.

A follow-up trenching and surface sampling program was conducted in the summer of 2009 to test above the intercept zone and this was followed by a 7 hole (580m) drill program in the fall of 2009 with option partner Swift Resources. The highlight of this program was another gold intercept of 1.0m grading 22.5 g/t from 9.3m to 10.3m. Results of these programs can be found in the project news links below.

As a result of the drilling and recent exploration work, a new understanding of the deposit model has been developed. In simple terms, the large size of the controlling structure (fault) and an ancient age of approximately 1.5 billion years along with the presence of a large iron oxide deposit signifies the extent of alteration. This indicates the presence of a large heat source providing mineraliziing fluids over a very long period of time. Below is an exciting interpretation by the geologist in charge of the project:

"The Iron range structure hosts a significant iron oxide deposit, the majority within EPL tenure. Modeled as a prospective IOCG target, the 2008 and 2009 drill programs encountered significant to bonanza-style gold grades in the historic northern claim area. The recent additional tenure acquisition extending the northern and southern boundaries is felt to enhance the prospect of discovery owing to the increased proximity to felsic, granitoid intrusives. Felsic intrusives in proximity to or in contact with major iron oxide fault zones are known to generate significant copper-gold silver deposits. One example is the Candelaria deposit of Chile."

Eagle Plains continues property acquisition in the area of Iron Range Mountain and currently has title to (22,396 ha).

A well developed transportation and power corridor lie at the southern end of the IR and DELI claims, where a new high pressure gas pipeline and a high voltage hydro-electric line follow the CPR mainline and Highway 3 south. The rail line provides efficient access to the Teck/Cominco Ltd. smelter in Trail, B.C.

This project is under option.

Updated June 2, 2010