Eagle Plains, Roughrider Commence Exploration Activity on Brownell and Olson Projects

Eagle Plains Resources(TSXV:EPL) as project operator, has notified Roughrider Exploration that crews have been mobilized to carry out two separate exploration programs on the Brownell Lake (VMS-polymetallic) and Olson (gold) exploration properties located approximately 120km east of La Ronge, Saskatchewan.

Under the terms of the Brownell Lake option agreement, Eagle Plains has granted Roughrider the right to acquire up to an 80 percent interest in and to Brownell Lake (subject to a 2 percent NSR) by making aggregate cash payments of up to $2,500,000 and incurring exploration expenditures of up to $7,000,000 over a period of up to four years

As quoted in the press release:

The Brownell Lake Project is host to regionally-sheared, highly-strained meta-volcanic rocks which are considered to be prospective for volcanogenic massive sulphide mineralization. Highlight drilling results include 3.35 m of 0.48 percent copper, 2.28 percent zinc, 1.46 grams per tonne (g/t) of gold; 2.2 m of 6 percent zinc; and 20.5 m of 0.49 percent copper. Historic work has delineated a 2600m-long mineralized EM/magnetic anomaly, with an additional 1700m-long magnetic anomaly that remains untested by electromagnetics and diamond drilling. Results are historical in nature and have not been confirmed by Eagle Plains, but are considered to be reliable and will form a basis for ongoing work.

Click here to read the full Eagle Plains Resources (TSXV:EPL) press release.