- Hole BD12-01 intersected 2.83m grading 4.34% lead, 5.13% zinc and 111.1g/t silver from 170.43m to 173.26m, with true thickness calculated to be 1.58m.
- Entire mineralized interval returned 3.98 % combined lead-zinc and 49.3 g/t silver over 17.37m (true thickness 9.8m), from 164.46m to 181.83m
- Additional claims staked subsequent to drilling, with the resultant land package containing a 12km-long mineralized structural corridor
Concurrent with the 1995 drill program, continuous panel-sampling of an historic 66m-long tunnel located 60m vertically below the drill set-up returned an average of 746.3 g/t silver, 25.0% lead and 4.95% zinc over a 24m section which ran along the structure. Within this section, 6m of the tunnel length assayed 1444.7 g/t silver, 50.4% lead and 5.37% zinc.The high-grade vein mineralization is interpreted to be representative of a possible feeder structure which may present opportunities for larger manto-type deposits located elsewhere along the structure within host rocks in areas where exposure is limited. 2012 Program Supervision was provided by J.K Ryley of TerraLogic Exploration Ltd., a wholly-owned subsidiary of Eagle Plains, based out of Cranbrook, B.C. Contract diamond drilling services were provided by FB Drilling Ltd., also of Cranbrook. The project was conducted under the overall supervision of C.C. Downie, P.Geo., hereby identified as the “Qualified Person” under N.I. 43-101.
|Complete analytical results are outlined below:|
|Hole Number||From (m)||To (m)||Length (m)||True Thickness (m)||Pb (%)||Zn (%)||Ag (g/t)||Au (g/t)|
Current third party agreements if maintained to completion expose EPL to over $50M in exploration expenditures, $6M cash and 14M shares in partner companies. Completed agreements have yielded over $5M in exploration spending, $900,000 cash to EPL and a total of 12M shares of partner companies including Alexco Resource Corp., NovaGold Resources Inc., Giyani Gold Corp. and numerous others.Expenditures during 2011 and 2012 on Eagle Plains-related projects were approximately $13M, which was funded by Eagle Plains and third-party partners. This exploration work resulted in approximately 16,000m diamond drilling and extensive ground-based exploration work facilitating the advancement of more than 15 projects at various stages of development. The contents of this news release have been reviewed and approved by Tim J. Termuende, P.Geo. On behalf of the Board of Directors “Tim J. Termuende” President and CEO For further information on EPL, please contact Mike Labach at1 866 HUNT ORE (486 8673)Email: email@example.com or visit our website at http://www.eagleplains.com Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.