The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
EPL: TSX-V
President and CEO: Tim J. Termuende
Chief Financial Officer and Director: Glen J. Diduck
Vice President, Exploration and Director: Charles C. Downie
Eagle Plains Resources Ltd. is a 20-year-old junior mining and exploration company with numerous exploration projects in western and northwestern Canada, including the provinces of British Columbia, Yukon Territory and Northwest Territories. Its primary objective is to enhance shareholder value through the acquisition and development of early-stage exploration projects. The company currently controls over 30 gold, silver, uranium, copper, molybdenum, lead, zinc, gypsum and rare earth mineral projects, four of which are currently under option or sale agreements with third parties.
Eagle Plains Resources Ltd. acquired a 40 percent interest in the Yellowjacket Gold Mine Project, a joint venture with 60 percent owner Prize Mining to produce gold and conduct further exploration and development of the Yellowjacket Zone on the Atlin Gold Property located 9 kilometers, or 5 miles, east of Atlin, in northwestern British Columbia.
Eagle Plains and Prize recently completed commissioning and permit compliance that will allow for the start of full gold production at the Yellowjacket mine.
The 2009 mining plan includes extraction of a minimum of 32,000 metric tons of gold ore from the existing open pit.
Pit excavation is anticipated to be completed this fall, and milling at a throughput rate of 350 tons per day expected to continue until mid to late October.
During ramp excavation completed in September month, a previously undetected 6-meter-wide gold-mineralized zone was discovered centered on a 1-meter-wide, visible-gold-bearing silicified breccia.
Cash and short-term deposits: C$1,860,365 (at June 30, 2009)
Working capital: C$2.4 million (at June 30, 2009)
Market capitalization: C$15.13 million
Suite 200, 16 - 11th Ave. South
Cranbrook, BC
Canada V1C 2P1
Tel: 250-426-0749
Fax: 250-426-6899
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