eagle plains resources ltd
(EGPLF:OTC US)
eagle plains resources ltd (EGPLF) Snapshot
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52 Week High
07/30/12 - $0.20
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05/22/13 - $0.06
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Eagle Plains Resources Ltd., a junior resource company, engages in the acquisition, exploration, and development of mineral resource properties in western Canada. It primarily controls approximately 40 gold, silver, uranium, copper, molybdenum, lead, zinc, gypsum, and rare earth mineral projects in British Columbia, Yukon, the Northwest Territories, and Saskatchewan. The company was founded in 1994 and is headquartered in Cranbrook, Canada.
eagle plains resources ltd (EGPLF) Top Compensated Officers
eagle plains resources ltd (EGPLF) Key Developments
Eagle Plains Resources Ltd. and Providence Resources Corp. have entered into an agreement whereby Providence may earn an interest in the Kokanee Creek poly-metallic property, located in south-eastern British Columbia approximately 20km NE of Nelson. Under terms of the agreement, Providence has the option to earn a 60% interest in the property by completing $3 million in exploration expenditures, making $260,000 in cash payments.
Eagle Plains Resources Ltd. announced that based on encouraging results from 2012 exploration activity on Eagle 2012 exploration work consisted of a 475 line-km airborne gravity survey conducted by Fugro Airborne Surveys, followed by a 4-hole, 1435m diamond drill program, both of which were funded and operated by MMG at a total cost of $714,618. Work was carried out during the months of August and September. FB Drilling was contracted to carry out diamond drilling services, with Bighorn Helicopters providing helicopter support and TerraLogic Exploration Inc. The program was supervised by MMG. MMG are planning a 2013 field campaign of geological mapping and sampling and a 10 line-km CSAMT (controlled source audio-frequency magnetotellurics) deep resistivity survey in the Mid-fork Creek region of the Greenland Creek and South Findlay claims. The Mid-fork program aims to constrain the depth to the Lower-Middle Aldridge contact (`Sullivan time’), locate any resistive bodies that may represent mineralization at depth, and generate additional drill targets. A similar field campaign is planned for the eastern portion of the North Findlay claim block plus surface gravity and magnetic surveys are also proposed. The North Findlay field program aims to infill the area with geological mapping and surface geochemical sampling, ascertain the outcropping location or depth to the Lower - Middle Aldridge contact (‘Sullivan time’) and follow-up a broad coincident EM and magnetic anomaly. The field program is scheduled to commence in July 2013. The Findlay Project overlies Aldridge Formation stratigraphy, considered prospective for sedimentary- exhalative (‘sedex’) deposits. Structurally, this area has been identified as an extension of the North Star- Sullivan corridor which hosts the world class Sullivan deposit 30km to the south. The Findlay property displays Sullivan-style exhalative tourmalinite (boron) horizons, massive fragmental sections, anomalous lead, zinc, and indicator geochemistry, and base metal occurrences. This ‘Sullivan smoke’ occurs throughout the Lower to Upper Aldridge formation and indicates the potential for Sullivan style mineralization at multiple stratigraphic levels. Fieldwork to date has identified a number of targetsincluding: North Findlay: 100m-thick, multi-kilometer scale mineralized and tourmaline-altered exhalative horizon related to hydrothermal venting within the Upper Aldridge stratigraphic interval. Greenland Creek: Diamond drilling by Eagle Plains in 1997 intersected numerous thin stratabound sulphide bands associated with albite/garnet /chlorite alteration, some of which display continuity over 60m, and are open down-dip and along strike. Dating indicates Sullivan-age for lead mineralization in the Greenland Creek area. Mid-Fork: Evidence for deep-seated structures including arched gabbros and thickened, mineralized fragmental sequences at or near ‘Sullivan time’. The property also includes the historic Silver Key Mine, which produced 31 tons of selected ore averaging 3,431 g/t silver from structurally-controlled narrow quartz veins within the Lower Aldridge Formation.
Eagle Plains Resources Ltd. announced the results of the diamond drilling program completed in 2012 on the Wildhorse Property, located 30 kilometers northeast of Cranbrook, in south-eastern British Columbia. Turnberry holds the exclusive right to earn up to a 75% interest in the property. The 2012 program consisted of 555.4 meters of NQ2 sized diamond drilling along with geological mapping and a geochemical sampling program, including the collection of 16 rock samples and 303 soil samples. The diamond drilling program further tested the Dardenelles vein system, with four holes drilled from two pads, testing the southern and western extension of the known mineralized vein, along with potential structural repeating of the vein below and above the known mineralized interval. A total of 233 core samples were sent to Inspectorate Labs in Richmond, BC for analysis. Although anomalous (>200 ppb) gold was intercepted in every hole of the 2012 program, all associated with quartz veining, only the intercept of the Dardanelles vein in hole WH12013 returned gold values of potential economic significance. This is the only instance where a granitic intrusion was intercepted, known to control the mineralization content in the Dardanelles vein system. The strong correlation between silver and bismuth-antimony suggest an intrusive source for the mineralized material. The base of the Kitchener Formation, the stratigraphic horizon equivalent to that which hosts the Spar Lake deposit in Montana, USA, was successfully mapped out. A minimum of four extensive quartzite horizons have been located to date within property boundaries, with one of them known to host chalcopyrite mineralization comprising the Copper Creek showing. Anomalous soil geochemical samples located 250 meters to the southeast of the Copper Creek showing indicate that more work is recommended to follow up this target. Anomalous soil geochemistry over a 250 meter strike length has also indicated potential structurally-hosted gold mineralization in a new location on the property. Base-metal mineralization was also located and noted to be associated with a mafic intrusive stock discovered on the property. Both these targets warrant additional follow-up work. Over the 2012-2013 winter seasons, Eagle Plains and Turnberry staked a total of 334.38 hectares surrounding the existing Wildhorse tenures, bringing the total surface area to 689.61 hectares. This newly-acquired ground expands the potential for both the sedimentary hosted copper and intrusion related gold targets.
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| EGPLF:US | $0.06 USD | -0.0032 | |
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Industry Analysis
EGPLF
Industry Average
| Valuation | EGPLF | Industry Range |
| Price/Earnings | 31.8x |
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| Price/Sales | 1.1x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | 16.4x |
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| TEV/Sales | NM | Not Meaningful |
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To contact EAGLE PLAINS RESOURCES LTD, please visit www.eagleplains.bc.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.
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