Eagle Plains Sells Rusty Springs Property to Blackcomb Silver

Eagle Plains Resources Ltd. has finalized a purchase and sale agreement with Blackcomb Silver Corp. Blackcomb acquires a 100% interest in Eagle Plains' Rusty Springs silver-lead-zinc-copper project in exchange for 5 million common shares. Eagle Plains retains a 0.5% net smelter return (NSR) on existing claims and a 1.5% NSR on additional claims, with an option for Blackcomb to purchase 0.5% for $1 million. An additional 5 million shares will be transferred upon receiving an inferred resource estimate.

This agreement is built on historical explorations at Rusty Springs, located in Yukon, Canada, near the Arctic Circle. The region is noted for its significant mineralizing activities, with Eagle Plains having defined mineralization over a 6 square kilometer area. Past drilling highlights include high-grade mineral finds.

Leaders from Eagle Plains have expressed enthusiasm for future explorations by Blackcomb. They maintain shareholder interest while focusing on discovering critical and precious metals through their diverse project portfolio.