Eagle Plains Resources (EPL.V) has confirmed it recently completed a high-resolution airborne magnetic and radiometric survey on its Theory copper-gold project, a 9,156 hectare asset in the Toodoggone district of British Columbia. During the airborne survey, the company and its service providers collected data of approximately 1,000 line kilometers using a 100 meter line spacing; the first time the project is subject to such an extensive geophysics exploration program. The airborne survey didn’t just cover the Theory project, but the 520 hectare Gold Mountain project was also overflown, as that asset is just a few kilometers away from Theory.
Eagle Plains is now awaiting all of the data to be sent by the contractor and that’s when the company’s technical team (technically, Terralogic) will be able to interpret all the results. This will be the first time in about 35 years the asset will be explored. Previous owners let the claims lapse and Eagle Plains scooped them up through staking in 2023. The current geophysical survey should make the asset more attractive to potential joint venture partners, as Eagle Plains Resources is actively seeking partners for the asset.
The Theory project is located close to the 4.7 million ounce Lawyers-Ranch project (4 million ounces in the measured and indicated categories and 0.7 million ounces of gold in the inferred resource category) owned by Thesis Gold (TAU.V). And as Thesis has been upgrading the existing infrastructure in the area, Eagle Plains’ Theory project is now just 8 kilometers away from decent road access.
Disclosure: The author has a small long position in Eagle Plains Resources. Eagle Plains is a sponsor of the website. Please read the disclaimer.
