Eagle Plains Resources, Providence Capital Both Up More Than 60%, Post New Yr Highs on Iron Range Project update

By Midnight Trader,  December 02, 2010, 12:24:59 PM EDT

Eagle Plains Resources Ltd (EPL.V) is up more than 80% and has posted a new year high of 72 cents with more than 6.4 million shares traded after it and Providence Capital Corp. (PV.V) provided an update on its drill program at Iron Range Project, Southeastern BC. PV is up more than 60% and has posted its own new year high of $1.45.

Eagle Plains and Providence on December 1 said they have now completed ten diamond drill holes for a total footage of 10,945 feet (3,337m). Drilling activity has been suspended pending receipt of analytical results, but is expected to resume following the Christmas holidays. The partners continue to test the stratigraphic interval known to host the Sullivan deposit, located 70km to the north. Current work is targeting both precious metal and base metal mineralization and is funded by Providence Capital under terms of an option agreement.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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