Risk and valuation analysis of the Iron Range Project |
Status Risk : Past producer |
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Title(s) of the Iron Range Project |
| VanEck Vectors Global Alternative Energy ETF Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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| Providence Capital Corp. Option on interest: 60% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The project is owned 100% by Eagle Plains, with Providence holding the option to earn a 60% interest in the property by spending $3,000,000 on exploration, making $500,000 in cash payments and issuing 1,000,000 shares to EPL over 4 years |
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Location of the Iron Range Project |
Iron Range is located in south-eastern British Columbia. Seventy-four claim units covering 30km of surface expression were secured immediately after crown grants held for some 70 years had reverted.
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History of the Iron Range Project |
Past work on the Iron Range deposits was directed toward the considerable iron oxide resource and consisted of trenching and very shallow (20m depth) diamond drilling in the area along the Iron Range fault zone.
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Geology of the Iron Range Project |
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Ongoing work by Eagle Plains Resources Ltd. is focused on exploring the potential of the Iron Range fault zone and surrounding area as a conduit and host for both Iron-oxide-Cu-Au (IOCG) mineralization and sedimentary exhalative (SEDEX) Ag-Pb-Zn mineralization.
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