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Eagle Plains Resources Ltd V.EPL

Alternate Symbol(s):  EGPLF

Eagle Plains Resources Ltd. is a Canadian based mineral exploration company operating in Western Canada exploring for gold, critical-metals, uranium, lithium, rare earth elements and industrial minerals. Its business is engaged in acquiring grassroots critical-and precious-metal exploration properties. Its projects include Acacia Project, Iron Range Project, Kalum Project, Vulcan Project, Cathro Project, Knife Lake Project, Olson Project, Schotts Lake, Dictator Project, and Elizabeth Lake Project, among others. The Acacia Project is located 60 kilometers (km) NE of Kamloops, British Columbia (BC) and cover approximately 4857 hectares (ha). The Iron Range Property is located one km NE of Creston in SE B.C and covers 70,473 ha. The Kalum Property is located 35 km NW of Terrace, BC. The Vulcan Property is located 30 km NW of the historic Sullivan Mine at Kimberley, British Columbia. The Elizabeth Lake Project cover an area of 1266 ha and are located 21 km north of La Ronge, Saskatchewan.


TSXV:EPL - Post by User

Comment by NineLiveson Apr 12, 2023 12:46am
122 Views
Post# 35389923

RE:Golden Triangle Projects

RE:Golden Triangle ProjectsFunny you mentioned that as I was looking at exploration activity in the Golden triangle quite recently.

According to Rex resources last financials 31st Dec 2022 they only had $250k in the bank so not enough for any drilling. Not sure Rex resources will be around much longer unless they either merge or become a shell for another company to get a listing. They have until December 31st 2003 to complete a further $1 million in expenditures on those claims. But as they completed the previous schedule to date (spent $250 k) then nothing will probably happen until they are meant to transfer 300,000 shares more to EPL by June. So the property is currently in limbo.

If Rex's fortunes don't change then would expect these claims to revert back to EPL which might not be a bad thing considering the high activity in the area. I'm sure a suitable optionee would be quickly found if that's the case.




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