The project is considered to be highly prospective for both epithermal gold and copper-gold porphyry deposits. The property is owned 100% by Eagle Plains, with 122 hectares of the property subject to an underlying 0.5%
Project Highlights
Large contiguous land position
Located in highly prospective Toodoggone Copper &
Multiple occurrences of low-sulphidation quartz-carbonate gold-silver veins
Presence of argillic and propylitic hydrothermal alteration
Favourable geological setting including a significant extent of the 'Red-Line' unconformity
Last significant exploration was 1988 with no modern geophysics or drilling
The 9156 ha Theory Property is located in northern BC within the
Geology in the Theory region is primarily comprised of lower
Although exploration within the property boundaries by previous operators has been intermittent since the mid-60's and regional government surveys are limited, encouraging mineralization and alteration commonly associated with both epithermal and porphyry systems has been documented.
Exploration success in the area has been highlighted by the recent announcement by
FRED 4 Showing
Discovered by Sumac Mines in 1973, the Fred 4 showing consists of sulphide bearing quartz-carbonate veins, accompanied by argillic alteration of the host andesitic Takla volcanics, which yielded assays from trace amounts up to 0.33 oz/ton (10.26 g/t) Au and 1.44 oz/ton (44.79 g/t) Ag over narrow widths. The veins and adjacent propylitic alteration have a total width of 1.2m.
FRED 1 Showing
Discovered in 1987 by
In late 2023 Eagle Plains acquired the property through staking and third-party agreements. The company is highly encouraged by initial data compilation and believes the project area is prospective for both epithermal gold and copper-gold porphyry deposit types. Detailed compilation and interpretation of available data from historical work programs is ongoing and will lead to recommendations for future work.
The Theory project is available for option and Eagle Plains is actively seeking partners.
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. The above results were taken directly from MINFILE descriptions and assessment reports filed with the BC government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
About
Based in
The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
Contact:
Tel: 1 866 (486 8673)
Email: mgl@eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
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.
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