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Market: TSX-V
Sector: Gold Mining
Epic: TSXV: EPL
News: Latest news
Web Site: Eagle Plains Resources
Other Articles: 29-06-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Eagle Plains Resources

Eagle Plains Resources

Eagle Plains Resources plans to commence gold production at the Yellowjacket project in mid-2009 and continues to conduct research, acquire and explore metal projects in western Canada.

In addition to holding mining royalties on various projects, the Company controls over 35 gold, base-metal and uranium projects, several with third parties including Waterloo Resources Ltd (TSX-V:WAT.P) and XO Gold Resources Ltd. In recent years, Eagle Plains has completed option agreements with Teck Limited (TSX:TCK.B), Alexco Resource Corp. (TSX-V:AXR), Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous other junior exploration companies, resulting in over 53,000m (158,500') of drilling and over $27.0 million in exploration spending on its projects since 1998.

Tuesday, June 30, 2009

Prize Mining and Eagle Plains Complete Ramp-Up to Commercial Production Yellowjacket Gold Project

by Sam Kiri company news image

In a market fraught with uncertainties it is always encouraging to see companies that are marching towards commercial production. In what could be a similar situation, Canadian Venture listed Eagle Plains Resources Ltd. (TSX-V: EPL) together with Prize Mining Corp. (TSX.V: PRZ) has now completed commissioning and test work at on its mill facility at the Yellowjacket Gold Project located near Atlin, BC. This marks a considerable improvement in the company and its investment case as investors have shown considerable preference towards producing companies. EPL currently owns 40% of the project and with the option to increase to 60%.

A variety of material stockpiled by PRZ in 2008 has now passed through the mill and represents a spectrum of hardness, mineralogy and grade in order to properly tune the facility. Production rates have confirmed a mill capacity of 350 tonnes per day. Processing of this material was completed under an existing Bulk Sampling Exploration Permit. Full-scale bedrock mining and milling operations will commence upon receipt of a Provincial Mines Act Permit, which is expected shortly.

Meanwhile, gold assay results for three selected high-grade blocks appear to be encouraging. Conveyor cut assays returned grades as high as 466g/t (Block A27), 313.7g/t (Block B27) and 431.4g/t (Block C21). Average grades from Block A27, Block B27 and Block C21 are 30.46g/t, 45.5g/t and 14.01g/t respectively. Tailing assays yielded average gold grades of 1.1g/t (Block A27), 3.44g/t (Block B27) and 1.21g/t (Block C21).

Metallurgical test work and plant engineering designs show that expected gravity concentration gold recoveries will be between 73% and 80%. Using ratios of average gold in tailings compared to average total gold values in conveyor cut assays, it appears that the gold loss to tailings is well within the targeted acceptable recovery range. On-going studies will be conducted to improve recoveries.

From the assay results the extreme "nugget effect" of the deposit is immediately apparent as seen by the very high grade assay values obtained in individual samples collected from these selected high grade blocks - as compared to the lowest and average values. Additional assay results for other elements and concentrate recoveries are still pending.

As EPL continues to make strides towards production, the company is expected a re-rating by the market. In addition to the Yellowjacket project EPL has a diverse prospect portfolio which provides exposure to several different minerals from gold to molybdenum. EPL appears to be an interesting story to follow.



About Eagle Plains Resources Ltd


Eagle Plains Resources Ltd. is a junior mining & exploration company operating in western Canada. Gold production from the flagship Yellowjacket project is expected to commence in June 2009 and mineral exploration on over 35 projects in Western Canada has been ongoing since 1992.

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