NEWS OUT!!!!Eagle Plains Reports Results on Dragon Lake Gold Project, Yukon Territory
Oct 27, 2010 9:30:00 AM
Copyright Business Wire 2010
CRANBROOK, British Columbia--(BUSINESS WIRE)-- Eagle Plains Resources Ltd. (EPL:TSX-V) hasreceived and compiled analytical results from its 100% owned Dragon Lake project, located within the Tintina Gold Belt approximately 80km northeast of Ross River, Yukon. The $180,000 program was carried out during the 2010 summer exploration season and consisted of an airborne geophysical survey followed by geological mapping, soil geochemical sampling and trenching.
Highlights
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• Trenching returned 4.9 g/t Au, 1.1 g/t Ag and 0.1% Cu over 6.0 m.
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Including: 6.7 g/t Au 1.4 g/t Ag and 0.12 % Cu over 4.0 m. |
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Including: 19.0 g/t Au, 1.9 g/t Ag and 0.12 % Cu over 1.0 m. |
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• Individual samples of till and soil material from pits spaced 125m apart returned 2.85 g/t
Au, 5.9 g/t Ag and 3.72 g/t Au, 10.3 g/t Ag, 0.11% Cu and 0.11% Pb.
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• Broad soil geochemical anomalies outlined with values up to 454 ppb gold.
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The Dragon Lake property has the potential to host both high-grade and bulk-tonnage gold mineralization. Many targets on the property remain to be tested with further exploration including trenching and diamond drilling. Follow-up exploration work is strongly recommended for the property.
2010 Program:
The 2010 exploration program consisted of a 183 line km airborne geophysical survey and a 17 day field program from June 4th-20th, 2010. The purpose of the airborne geophysical survey was to locate any buried intrusions and/or major structural features that could be controlling and influencing mineralization. The focus of the geological program was to evaluate and re-sample historic trench and diamond drill core as well as complete follow-up exploration pits on anomalous soil samples from the earlier programs. Soil geochemical coverage was also expanded the south and west of the property, where there is little to no rock exposure.
The sampling from the 2010 program confirmed and upgraded the results from historic trenches and diamond drill holes. The Main Skarn zone returned values up to 4.9 g/t Au, 1.1 g/t Ag and 0.1% Cu over 6 m, including 19 g/t Au, 1.9 g/t Ag and 0.12 % Cu over 1 m. A grab sample from DDH99-01 returned 19 g/t Au, representing high-grade Au potential that was previously undiscovered on the property. Grab samples from the Intrusive Contact zone also returned results of up to 1.74 g/t Au and 15.3 g/t Ag.
Exploration pits dug in 2010 were successful in better defining the sources of anomalous values from soil samples at the surface. Results from these pits warrant further investigation with trenching and/or diamond drilling. Soil and till samples from pits DR10P003 and DR10P005 returned up to 2.85 g/t Au, 5.9 g/t Ag, 0.09% Cu and 3.72 g/t Au, 10.3 g/t Ag, 0.11% Cu and 0.11% Pb respectively. These findings show very good potential for high-grade mineralization at depth at these localities and warrant further exploration.