Eagle Plains Res - EGPLF STOCK NEWS

Eagle Royalties (CSE:ER.CN) has reported new drill results from Banyan Gold Corp.'s AurMac project in Yukon, where it holds royalty interests ranging from 0.5% to 2%. Six of 13 holes drilled within the 1% royalty area showed significant gold intercepts, with notable results including:

- 32.0m of 1.56 g/t Au from 41.21m (AX-24-627)
- 46.6m of 0.51 g/t Au from 43.4m (AX-24-631)
- 33.2m of 0.73 g/t Au from 133.0m (AX-24-633)

Banyan's 2024 exploration program, completed in mid-October, included 118 drill-holes totaling over 21,000m. Test recoveries showed 93% at Powerline and 90% at Airstrip using conventional mill processing. Banyan plans a Resource update in Q2 2025 and a Preliminary Economic Assessment in Q4 2025.

Eagle Plains Resources (TSXV:EPL) has announced results from fieldwork conducted by partner Xcite Resources (TSXV:XRI) on their Uranium City Area Projects in Saskatchewan. The work covered the Beaver River, Black Bay, Don Lake, Lorado, and Smitty projects, with 36 field stations recorded and six samples analyzed for geochemical characterization.

Key findings include significant uranium mineralization, with sample BB-QP-01 showing the highest U3O8 content at 1.792%. The fieldwork validated the potential for Beaverlodge-style and basement-hosted uranium mineralization, supported by northeast-southwest-trending tectonic fabric, electromagnetic conductors confirmed as graphite-rich pelites, and evidence of hydrothermal alteration. These factors, combined with uranium presence in both basement rocks and Athabasca basin cover rocks, suggest potential for economic uranium mineralization.

Eagle Royalties (CSE:ER.CN) reported encouraging drill results from Banyan Gold Corp.'s AurMac project in Yukon, where Eagle holds 2% or 1% royalty interests on the Airstrip resource area. Results from 9 of 25 holes showed significant gold intercepts, with 7 holes in the 2% NSR area and 2 in the 1% NSR area.

Notable results include intersections of 36.2m at 1.14 g/t Au, 21.7m at 1.35 g/t Au, and 46.4m at 1.31 g/t Au. Banyan's 2024 exploration program completed 118 drill-holes totaling over 21,000m, with results pending for 16 additional drillholes within Eagle's 2% NSR area.

Metallurgical tests showed promising recovery rates of 93% at Powerline and 90% at Airstrip. Banyan plans a Resource update in Q2 2025 and a Preliminary Economic Assessment in Q4 2025.

Eagle Royalties (CSE:ER.CN) has reported significant drill results from Banyan Gold Corp.'s AurMac project in Yukon, where it holds royalty interests ranging from 0.5% to 2.0%. The results from 19 holes in the Powerline resource area, subject to Eagle's 1% net smelter return royalty, showed notable gold intercepts including 209.0 metres of 0.63 g/t Au and multiple other promising intersections.

Banyan's 2024 exploration program, which began June 1, completed 118 drill-holes totaling over 21,000 metres at the Powerline and Airstrip deposit areas. Metallurgical testing showed promising recovery rates of 93% at Powerline and 90% at Airstrip using conventional mill processing options. Banyan plans to release a Resource update in Q2 2025 and a Preliminary Economic Assessment in Q4 2025.

Eagle Plains Resources announces that partner Refined Energy has completed the review of historical geophysical survey data at the Dufferin North uranium property in the Athabasca Basin. Four priority target areas were identified using electromagnetic, magnetic, and gravity data. The property is located near the Virgin River Shear Zone, approximately 18km from Cameco's Centennial uranium deposit.

A modern MobileMT airborne geophysical survey was conducted in fall 2024, completing 123 line kilometers over two target zones before weather conditions halted operations. The project shows potential for uranium mineralization, with historical data indicating uranium and boron anomalies along inferred fault zones.

Under the option agreement, Refined can acquire up to 75% interest in the 10,140ha Dufferin Project through two phases, requiring cash payments, share issuances, and exploration expenditures totaling CA$5.6 million by 2028. A 2% smelter returns royalty will be granted to Eagle Plains upon option exercise.

Eagle Plains Resources has entered into a non-binding letter of intent with Sun Summit Minerals for the Theory copper-gold project in British Columbia. The agreement allows Sun Summit to acquire up to 100% interest in the 9676ha Theory Project, located in the Toodoggone Mining District.

To acquire 75% interest, Sun Summit must complete CDN $3,000,000 in exploration expenditures, pay CDN $250,000 in cash, and issue 750,000 common shares over four years. An additional 25% interest can be acquired for CDN $1,000,000. Eagle Plains will retain a 2.0% NSR, reducible to 1.0% for $1,000,000.

The Theory Project shows promising historical results, including samples with up to 8.2 g/t Au, 195 g/t Ag, and 6.2% Cu at the DM occurrence. A formal agreement is expected within 90 days, with minimum expenditures of $200,000 planned for 2025.

Eagle Plains Resources announces that partner Refined Energy has completed the review of historical geophysical survey data at the Dufferin West Property, identifying three priority uranium target areas. The highest priority target shows strong conductivity near the Virgin River Shear Zone, with an estimated shallow depth of less than 200m to the unconformity.

The 10,140ha Dufferin Project is located approximately 18km from Cameco's Centennial Deposit. Refined Energy holds an option to acquire up to 75% interest in the project through a two-phase agreement. The first phase requires CA$275,000 in payments, 1,000,000 shares, and CA$2.6M in exploration by 2026 for 60% interest. The second phase requires additional CA$500,000, 500,000 shares, and CA$3M in exploration by 2028 for 75% interest.

Eagle Plains Resources (TSX-V:EPL) shareholders approved all matters at the Annual and Special Meeting held on December 16th, 2024, in Cranbrook, BC. The approved matters included: election of six directors, appointment of Crowe MacKay LLP as auditors, and renewal of the Company's Stock Option Plan.

The company maintains a strong financial position with $8.2M cash, over $1.2M in investments, and approximately $1.5M in real estate and hard assets, operating debt-free. Their wholly-owned subsidiary, TerraLogic Exploration Inc., continues generating revenue through mineral exploration consulting. The company remains active in junior mining with ongoing exploration projects across British Columbia, Saskatchewan, and Yukon, while also venturing into renewable energy through Osprey Power Inc.

Eagle Royalties (CSE:ER) announced that Eagle Plains Resources (TSX-V:EPL) has sold the Slocan Graphite Project in southern British Columbia to Weaver Energy Corp., a private Ontario-based company. Eagle Royalties maintains a 2% net production royalty on the property, with Eagle Plains retaining the option to purchase 1% of the royalty for CDN$1,000,000. Weaver Energy will assume all royalty obligations related to the Project.