Eagle Plains and Earthwise Intersect Gold Mineralization in all Holes at the Iron Range Precious Metals Project, SE BC
Eagle Plains Iron Range results confirm continuity but lack near-term monetization, maintaining its project generator model.
Earthwise Minerals Corp. has completed a 3-hole, 1,182m diamond drilling program at Eagle Plains Resources Ltd.'s 100% owned Iron Range Project in SE British Columbia. All three holes intersected significant gold-bearing polymetallic mineralization within the Talon Zone structure.
Key intercepts included: - 60.5m @ 0.76 g/t Au in hole IR26055 (including 1.0m @ 6.62 g/t Au)
This result confirms continuity with historical drilling and identifies potential for multiple ore shoots. The drilling tested less than 10% of the broader multi-element soil geochemical anomaly.
Earthwise holds an exclusive option to acquire up to 80% interest via phased cash payments, share issuances, and $4M exploration funding over four years. Eagle Plains retains a 2% smelter returns royalty (1% repurchasable for $1.5M).
The drilling program is fully funded by Earthwise Minerals, and the results do not indicate near-term production or cash flow generation.
Since mid-July 2026, the stock has traded in a tight $0.18–$0.20 range, suggesting the market has already priced in the expected drilling results.
Eagle Plains Resources Ltd. (EPL) operates under a project generator model, acquiring properties and advancing them through its in-house geology team, TerraLogic, and third-party options. The company’s portfolio includes more than 20 projects in British Columbia and Saskatchewan, covering uranium, gold, copper-gold, and critical metals. Key assets include the Iron Range (Au-Ag-Pb-Zn), Theory (Cu-Au), Don Lake/Smitty (U), George Lake (Zn-Pb), and Pine Channel (Au). Management is led by CEO Chuck Downie and Chair Tim Termuende, with the company relying heavily on key personnel.