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Eagle Plains optioning 60% Acacia gold project stake

Eagle Plains Resources Ltd. said Sept. 30 that it granted 37 Capital Inc. an option to acquire up to 60% of the 4,734-hectare Acacia gold-silver property in central British Columbia.

To earn the 60% stake, 37 Capital needs to spend C$2.5 million on exploration and issue 300,000 common shares to Eagle Plains over four years.

This new agreement supersedes a previous agreement with CRC Minerals Inc., which the parties mutually agreed to terminate, according to the release.

The company said in January that it agreed to grant 1149781 BC Ltd. an option to acquire up to 60% interest in its early-stage Donna gold project in British Columbia.