Cranbrook, British Columbia (FSCwire) - Eagle Plains Resources Ltd. (TSX-V:EPL) shareholders approved all matters put before them at the Company's Annual and Special Meeting held recently:

 

1.  Elected the following directors of the Company for the ensuing year: Timothy Jay Termuende, Charles C. Downie, Glen J. Diduck, Darren B. Fach and William (Bill) Bennett;

 

2.  Appointed  Crowe MacKay LLP as auditors of the Company for the ensuing year;

 

3.  Passed a resolution approving the renewal of the Company's Stock Option Plan;

 

Eagle Plains remains active in the junior mining space, with ongoing projects targeting a variety of commodities located in British Columbia, Saskatchewan, Yukon, and NWT. During 2017, approximately $1,700,000 has been directed to exploration targets held by the Company, including approximately $1,000,000 contributed by option partner SSR Mining (“SSRM”) on the Company’s Fisher Project, currently under option to SSRM.

 

The Company remains financially healthy and currently holds $3.2M cash in treasury, over $1.0M in short-term investments and no debt. In addition, Eagle Plains owns a modern office building (with long-term professional tenants), additional lands and structures in the East Kootenay region, automobiles, field and office equipment.  TerraLogic Exploration Inc., EPL’s 100%-owned subsidiary, continues to generate significant revenue through its mineral exploration consulting activities for third-party clients.

 

Proposed Plan of Arrangement- Taiga Gold Corp.

 

As announced on October 23^rd, 2017, Eagle Plains intends to spin-out specific gold exploration properties in the Seabee/Santoy area east of La Ronge, Saskatchewan to a new publicly-listed entity named Taiga Gold Corp. through a plan of arrangement expected to be completed in early 2018.

 

About Eagle Plains Resources

 

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Managements’ current focus is to preserve its treasury while advancing its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions.  Since 2012, Eagle Plains has added to its portfolio a number of new projects exceeding 130,000 ha targeting mainly gold, uranium and base-metals in Saskatchewan, a highly-prospective mining jurisdiction which was recently recognized by the Fraser Institute as the second best place in the world in terms of Investment Attractiveness.  Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices. 

 

Expenditures from 2011-2017 on Eagle Plains-related projects were approximately $16.5M, which was funded by Eagle Plains and for the most part, by third-party partners.  This exploration work resulted in approximately 15,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

 

On behalf of the Board of Directors

 

“Tim J. Termuende”

President and CEO

 

For further information on EPL, please contact Mike Labach at

1 866 HUNT ORE (486 8673)

Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

 

Cautionary Note Regarding Forward-Looking Statements

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EaglePlains12132017.pdf

Source: Eagle Plains Resources Ltd. (TSX Venture:EPL)

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