Lightning Peak

 The Lightning Peak property is located 60km South East of Vernon, and 7km north of Lightning Peak. The property consists of 12 MTO grid units and has 3 Minfile showings that include the Azza1, Azza7, and the Dictator. We extended the lightning peak to the north, which now covers the Morning past producer. In the B.C.D.M 1934 Annual Report gold grades of up to 226 gpt Au and 1444 gpt Ag were were found in the mine drift.  In 1985 sample grades of up to 16.3 grams per tonne gold and 43.5 grams per tonne silver were collected from the mine vicinity. We have since then followed up on some of these results. For detailed information on the property view our 2016 and 2017 assessment report attached below.

Initial reconnaissance of the Lightning Peak property has been completed in 2015. Azza1 and Azza7 showings have both been located and sampled. Mineralized quartz boulders around the Azza1 showing (Sample 13708) returned grades of 15900 ppb or 15.9 g/tonne Gold and 41.7 g/tonne Silver.  

2017 samples of a quartz vein exposed by a historical trench south of the Morning Mineshaft returned values of 10.7 gpt Au and >100 gpt Ag. New found quartz subcrop north of the Morning mineshaft yielded 75 gpt Ag. 

During the spring of 2020 prospecting by property owner Milo Mielniczuk, B.Sc. (Geol.) resulted in the discovery of numerous float boulders containing brecciated semi-massive sulphides that consistently contain highly elevated gold, lead and zinc mineralization with values ranging from trace quantities to a high of 5.84 g/t gold, 30.6 g/t Ag, 3680 ppm lead and 674 ppm zinc (sample TTLPR010*-float boulder). 

Eagle Plains has executed an agreement (subject to regulatory approval) with Aurum Vena Mineral Resources Corp. of Cherryville, BC, whereby EPL may earn up to a 100% interest in the Dictator (formerly Lightning Peak) property located 20km south of the Donna project. Under terms of the agreement, EPL will make exploration expenditures totalling $150,000, cash payments of $70,000 and share payments of 250,000 shares over a four year period to earn its interest. A one percent net smelter return royalty will be reserved for the vendor, which may be purchased by Eagle Plains for $1M.

See Eagle Plains Resources website for more details about current ongoing work.

Link to option agreement news release can be found here.