BRITISH COLUMBIA - Prize Mining of Calgary has agreed to sell its remaining 40% interest in the Yellowjacket gold mine to Eagle Plains Resources of Cranbrook, BC, which already holds 60% of the project 9 km east of Atlin, BC. The mine and 350-t/d mill reached commercial production in July 2009.
Eagle Plains, the current operator, has offered C$400,000 and 2 million common shares to Prize Mining for the portion of the project owned by Prize. The transaction is subject to regulatory approval.
Complete information on the Yellowjacket project and the 2010 43-101 report are posted at www.EaglePlains.com.