In April 2018, Taiga Gold Corp. was created by way of plan of arrangement and the projects now in Taiga Gold Corp. were spun-out from the assets of Eagle Plains Resources on a 1 TGC for 2 EPL share basis. Prior to this arrangement taking place in April 2018, these projects were explored by Eagle Plains. Below is an explanation of the exploration programs that were carried-out on the projects by Eagle Plains and then by Taiga Gold Corp after the spin-out.
Exploration - 2019 Programs
Fisher Project (Au/Ag); northern Saskatchewan
In mid-January, SSR Mining commenced a winter drilling program consisting of approximately 8,000m using two rigs as part of an estimated US $3M (CDN $4M) budget approved for the property in 2019. Other planned work includes a 6000 - 8000 soil sample program, geophysical surveying and geological mapping. The 2019 exploration work is a continuation of systematic exploration carried out on the property since 2016.
Exploration - 2018 Programs
Fisher Project (Au/Ag); northern Saskatchewan
SSR Mining (formerly Silver Standard Resources) maintains an option on this property and has carried out a multi-phase exploration program of approximately 14,000m diamond drilling for a total of 54 holes, geophysical and geochemical surveys, and geological mapping. This exploration was focused along the Santoy Shear Structure that bisects the property in a N-S direction and upon which the Santoy Mine is located approximately 1.5km north of the Fisher property boundary. Results of this program will be reported when all the information has been recieved, reviewed and interpreted.
Orchid (Au/Ag; northern Saskatchewan)
A 500 line-km high-resolution airborne (drone) magnetic survey was flown over the Orchid and combined with extensive historical surface mapping and geochemical data. Field crews returned to ground-truth and prioritize the combined geophysical and geochemical anomaly targets, with the intent of refining drill targets for the future exploration.
Chico (Au/Ag; northern Saskatchewan)
In early March, a 4-5 hole winter drill program of 1200m - 2000m targeting strong coincident geophysical and geochemical anomalies was initiated at the Chico property with camp construction commencing. Later that month the planned and permitted program was suspended as a result of a request by the citizens of the community of Pelican Narrows and members of the Peter Ballantyne Cree Nation (“PBCN”). Community meetings and consultaion are ongoing.
Exploration - 2017 Programs
Fisher Project (Au/Ag; northern Saskatchewan)
The Fisher Project, 100% owned by Eagle Plains, is currently under option to Silver Standard Resources. During Q1 of 2017, Silver Standard utilized ice roads to mobilize materials and equipment from their Seabee Mine Operation to the adjacent Fisher Project. This mobilization is in anticipation of an estimated $1m exploration program, including drilling, to be operated by Silver Standard. This work program is expected to commence during Q2 of 2017.
Orchid (Au/Ag; northern Saskatchewan)
An exploration program including geological mapping, geochemical surveying and hand-trenching was carried out with the goal of targeting future drilling. This work iincluded the collection of a total of 110 rock samples, including 11 channel samples. Twenty-five rock samples returned greater than 1.0 g/t Au, with a best grab sample result of 61.30 g/t Au. A total of 667 soil samples were taken, with results of up to 847 ppb Au in soil providing strong anomalies to target with follow-up mapping, prospecting, geophysical surveys and additional soil sampling.
Chico (Au/Ag; northern Saskatchewan)
In June, a ground-based resistivity I.P. and magnetic geophysical survey was carried out over the Chico-Royex, Ed and Western structural zones. The purpose of the program was to determine what electrical responses are associated with the known surface gold mineralization in these zones. This resulted in a recommendation to drill test the sub-vertical projections of the known surface targets as the geophysical anomalies appear to expland in size and strength at depth.
Catalogue of Previous Exploration Programs on Taiga Gold Corp. Projects (previously Eagle Plains projects)
During the market downturn Eagle Plains leveraged its treasury to make some keys project acquisitions including the Fisher, Chico, Orchid and Truscott (now part of the Fisher project) gold projects located south and north of Silver Standards' Seabee Mine. Other key acquisitions include important additions to the Iron Range and Vulcan properties. Deal flow including NSR's were conducted on several properties in the Patterson Lake South (see news release dated March 1, 2016) and Pikoo Diamond districts. These acquisitions were made possible by the combination of poor market conditions and a healthy treasury held by Eagle Plains.
Eagle Plains carried out exploration programs on several projects this year expending approximately $550,000 on the Iron Range, Vulcan and Fisher, Chico and Orchid properties combined. As a result of Silver Standard optioning the Fisher Project, $400,000 of the $550,000 will be reimbursed to Eagle Plains as part of their earn-in terms.
Eagle Plains is pursuing drill permits on several of these projects in anticipation of future programs.
Silver Standard Resources recently announced at the Saskatchewan Geoscience Conference that they are planning for a 3000m drill program at the Fisher Project in 2017.
The Fisher project will be the main focus of Eagle Plains exploration efforts this year with a comprehensive ground-based exploration program underway for gold mineralization similatr to that of the neighbouring Silver Standards' Seabee and Santoy deposits. The Fisher project has been assembled by recent regional-scale property acquisitions and the amalgamation of several Eagle Plains properties. These include the Kettle Falls project where in 2014 work by Eagle Plains located high-grade mineralization in greenstone rocks with grab-samples up to 9.2 g/t Au and a follow-up channel sample returning 1.39 g/t Au over 8m coincident with an open soil anomaly.
Located approximately 5km south of the most southern extent of the Fisher Project, the Chico claims overlie the Tabbernor Fault system and are transected by several northeast- to east-trending splay faults. The Chico claims are being explored for gold mineralization similar to that at the neighbouring Silver Standards' Seabee and Santoy deposits. In early September crews were dispatched to conduct a systematic exploration program of the project area utilizing the results of the most recent airborne geophysical survey carried out by Eagle Plains in late August.
Located approximately 30km south of the most southern extent of the Fisher Project, the Orchid Project overlies the Tabbenor Fault system and is transected by several northeast- to east-trending splay faults. The Orchid claims are being explored for gold mineralization similar to that at the neighbouring Silver Standards' Seabee and Santoy deposits. In early September crews were dispatched to conduct the first systematic exploration work carried out to date on the property by Eagle Plains.
Exploration Summary July 2015
Phase one field work was completed on 4 projects in northern Saskatchewan as mentioned in a news release dated June 30, 2015.
Crews have completed prospecting and mapping
Kettle Falls (now part of the Fisher Property)
Crews have completed prospecting, mapping, and till sampling
Eisler (now part of the Fisher Property)
Crews have completed a program at Eisler where they prospected, mapped, and till sampled
This program has been postponed due to access logistics
Eagle Plains maintains a strong financial position and continues to explore existing projects while researching and acquiring new opportunities in western Canada. Exploration is primarily funded by partner companies budgeting approximately $1.5m for the 2014 programs.
Sound management, a vertically integrated business model and conservation of the treasury has allowed us to continue to better position the company as a project generator for the eventual remergence of the junior mining sector. Our wholly-owned exploration consulting company, TerraLogic Exploration, has outperformed expectations and is expanding to meet demand.
These are difficult times for our industry, however, as a 20 year veteran, Eagle Plains has developed a business model that incorporates the cyclical nature of the industry, both up and down. An example of this is maintaining a "War Chest" of approximately $12m of mineral tenure assessment credits in BC. These credits may be applied to projects within the province. During a prolonged downturn Eagle Plains may elect to strategically deploy these credits to enhance its project portfolio.
Exploration Summary 2014
The 2014 work was carried out by option partner North Arrow Resources. This work included the collection of three till samples on the Orchid property and an additional 7 till samples on properties immediately adjacent to the Orchid. The samples are being processed for kimberlite mineral indicators.
Earlier in 2014 a comprehensive data compilation program was conducted for this project to consolidate historical and recent exploration work. This was followed by a 900 line-km airborne time-domain electromagnetic (TDEM) geophysical survey with follow-up geological mapping and prospecting commencing early August. These exploration programs are being funded by option partner Tarku Resources and target uranium mineralization.
Truscott and Kettle Falls (now part of the Fisher Property)
The 2014 work followed-up on data compilation and 2013 field results. Soil geochemical surveys at 25 - 50 m spacing were completed at Truscott and Kettle Lake properties, with focused prospecting and structural mapping near the 2013 gold discovery zone at the Ketle Falls. Lake-sediment and till samples were collected in an effort to better establish the diamond potential.
Exploration Summary 2013
Various Projects (6 new projects)
Preliminary property evaluations have been conducted on the newly staked claims including research, data compilation, prospecting and geochemical sampling. Emphasis was on the Tarku project which hosts gold and uranium occurrences associated with a major crustal sheer zone that extends into the Athabasca Basin. The Tarku contains targets similar to that of the Patterson Lake South discovery (structurally controlled basement hosted uranium).
Geological Mapping and Surveying Explained
Exploration work is conducted in phases in order to minimize costs and maximize the potential for discovery. Geologic mapping is the base for this and is a constant exercise. It is normally available on a very broad scale by previous government and private initiatives completed sometimes many years ago. As an exploration company, the field information we collect is used to refine the mapping as it becomes available and is conducted on every program, in essence, taking it from a broader scale to a finer scale. Good mapping is essential for interpreting geological information and targeting potential ore bodies. Several methods are used to collect information for mapping:
Geochemistry - Soil, rock and stream silt samples. These samples are collected in the field and their location mapped using GPS. Once analyzed, either by laboratories or in the field using XRF handheld devices, the results are mapped and a picture begins to emerge of areas with anomalous values. These areas may then warrant further sampling on a more intensive grid specific to that area.
Geophysics - This technology was initially developed to assist with the hunt of enemy submarines during the Second World War. In the exploration industry it has been refined to measure conductive/resistive and magnetic properties of rock and also their density. These properties are measured on an increasingly intensive scale as you move from airborne to ground based surveys. Down-hole geophysics is used to measure these properties along specific layers of rock.
Prospecting - Is employed to collect rock samples quickly over a large area in order to sample as broadly as possible in a short period of time. The location of these samples are recorded in order to provide for mapping the results and targeting areas with anomalous values
Geological Surveying - Geochemical and Geophysical
Geochemical - There are basically two types of geochemical surveys, lithogeochemical and biogeochemical. Lithogeochemical, the most common, is the sampling of rocks, soils and silts. Biogeochemical is the sampling of plant material. Samples for both types of surveys are collected, there location recorded for future reference, then sent to labs for analysis.
A geochemical survey area is normally focussed around a mineral showing or an anomalous value that was collected in a broader scope survey commonly known as a regional geochemical survey.
These regional geochemical surveys cover large areas of land where samples of creek sediments are collected and analyzed for anomalous mineral values. Stream sediment samples are utilized because water tends to mobilize these minerals where they ultimately collect in the sediments.
Once an anomalous mineral value has been identified either in an outcrop (showing) or in a sediment sample, a more focussed survey can be conducted in the area to determine the extent of this anomalous value. Upon completion, considering all the information, drill targets are identified and prioritized.
This is exactly the procedure followed by Eagle Plains at the Mackenzie Valley Zinc Project where the regional geochemical survey data was obtained by EPL as a result of a survey conducted by Rio Tinto in the 1970's. Analysis and mapping of this data provided information to conduct more focussed surveys around areas returning anomalous values.
Geophysical - There are two ways to conduct geophysical surveys, ground based and airborne.
Employing sophisticated electronic equipment, these surveys are conducted using magnetic, electromagnetic and radiometric resonance to measure the variations in the earths' magnetic field. Different kinds of rocks and mineralization will return different values as they change the way the magnetic field resonates through them. Changes in this conductivity are then mapped to provide a three dimensional view of these of values. In general, areas of interest to geologists are where two distinctly different types of resonance values border each other. This is indicative of where alteration may have occurred in the rocks and it is in and around alterated areas where mineralization may occur.
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Updated February 5, 2019