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Airborne Geophysical Survey Commences
on "Abo" Gold Project
Cranbrook, B.C.: Eagle
Plains Resources Ltd. (EPL:CDNX) is pleased to announce that
crews and equipment have been mobilized to the Harrison
Lake area of southwestern British Columbia to commence
an airborne geophysical survey of the Company's 100%-owned
Abo (Harrison Gold) property. Eagle Plains has contracted
Fugro Airborne Surveys Corp. to carry out a 215 line-km
airborne geophysical survey which will include DIGHEM(
EM, magnetometer, and radiometric instrumentation.
Since October, 2000, Eagle Plains has assembled a
land package consisting of 76 units (4600 acres) overlying
a number of gold occurrences associated with a series
of intrusive stocks. Accessory minerals include copper,
silver, lead, zinc, molybdenum, tungsten and bismuth.
The property is located 130km east of Vancouver, and
is road-accessible year-round. Hydroelectric power
and
rail-service are located within 3 kilometers of property
boundaries.
The Abo property area has been held or optioned by
various operators since the early 1970's including Abo
Resources,
Kerr Addison Mines Ltd. and Bema International Resources.
Exploration work has included mapping, soil sampling,
ground-based geophysics and a total of 13,856m (45,448')
of diamond drilling in 147 drill-holes. Some small
scale underground development has also been completed.
Most
work was focused on the northern part of the property
in the area of the Jenner and Portal Stocks. Drill
results from the Portal Zone include 30 meters averaging
3.17
grams per tonne gold. Drill results from the Jenner
Stock include 64m averaging 3.77 gm/t. In 1987, Kerr
Addison collected a 1053 tonne underground bulk sample
from the Jenner Stock. Using the metallurgical results
from this sample combined with extensive underground
sampling and diamond drilling data, Kerr indicated
a grade of 3.2 - 4.1 g/t Au with an inferred tonnage
of
1.3 million tonnes from surface to 100m elevation,
and 2.2 million tonnes from surface to sea level. Other
gold-bearing stocks identified to date on the property
include the Breccia, Hill and Lake Stocks. These areas
have seen limited exploration in comparison to the
Jenner-Portal
Stocks areas.
Eagle Plains has acquired all pertinent data from
past exploration work, and intends to carry out a comprehensive
compilation; re-evaluate reserve calculations, and
assess
the exploration potential of under-explored areas
of the property. The Company is currently seeking joint-venture
participation by technically-oriented third parties.
On Behalf of the Board of Directors
Tim J. Termuende, P.Geo.
President and CEO
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