RE:RE:Eagle Plains completes land consolidation at Seabee Looks like a typo. The combined properties are located about 125 km northeast of La Ronge.
However, the important thing is; with a combined total of less than 2M ounces Au in all categories at Seabee/Santoy (and 900k of those already mined and long ago sold) Silver Standard obviously didn't pay Claude Resources half a billion dollars for booked ounces; but rather for the land package and potential for more significant discoveries.
As Paul Benson, President and Chief Executive Officer of Silver Standard, wrote in SSO’s March 7th News Release: “The addition of the Santoy and Seabee mine complexes to our operating portfolio demonstrates our disciplined acquisition strategy to deliver growth and value to our shareholders. Through this transaction we are adding a third high-quality, strong-cash-flowing operation located in Canada, one of the best places in the world to operate mines. We also acquire a large under-explored land position with significant exploration upside."
Since EPL also has an equivalent and adjacent 'large under-explored land position with significant exploration upside’, both properties will certainly undergo some serious exploration activity sooner than later. Eagle Plains will probably receive media attention now that Silver Standard has officially acquired the Seabee mine and Claude's accompanying lands.
Time for another look at the combined property map:
https://www.eagleplains.com/sites/default/files/Eisler_Kettle_Falls_20160412.pdf
It could be a long time before EPL ever trades under a dime again. And, IMHO, there is potential for another Copper Canyon type property spin-off which took EPL to $1.20: https://www.stockwatch.com/Chart/Advanced.aspx?time=10&symbol=EPL®ion=C