Eagle Plains Resources (EPL.V) has announced it has mobilized the crews to complete a 108 kilometer airborne magnetic geophysical survey on its Dictator gold project, located approximately 65 kilometers east of Vernon, BC. This geophysical survey will be following up on the summer exploration program where the company reported grab samples from the Morning workings (which is an area of the Dictator property that has been in production in the past – on a very limited basis) with values of up to 39 g/t gold while another sample returned an interesting polymetallic blend of minerals with 1.31 g/t gold, 205 g/t silver, 1.88% lead, 5.03% zinc and some Cadmium.
Eagle Plains is currently earning a 100% interest in the Dictator property by spending C$150,000 on exploration expenditures, issuing 250,000 shares to the vendor as well as making C$70,000 in cash payments. Additionally, the vendor will be issued a 1% NSR which can be repurchased by Eagle Plains for C$1M. Located not too far from Vernon B.C., the property has been historically explored for lode gold in quartz veins and was in production in the early 1900’s because of these vein systems. Earlier this year, the optionor found a field of mineralized boulders in another area of the property and Eagle Plains is doing the geophysical survey along with a soil sampling program (partially completed earlier this year) in order to try to locate the in-situ portion of these boulders.
Eagle Plains is optioning the property from Aurum Vena, a private company owned by principal Milo Mielniczuk, who happens to upload videos of his quick site visits every once in a while. Last Monday, Eagle Plains published a new video starring Milo, checking up on the drone survey and you can watch the entire video HERE. In an older video from 2018, Milo is walking through the property (which was still called Lighting Peak at that point), and that video can be found HERE.
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