Eagle Plains Res - EGPLF STOCK NEWS

Eagle Plains Resources has received a drilling permit for its Dufferin West Property from the Saskatchewan Ministry of Environment. Partner Refined Energy Corp has the option to acquire up to 75% interest in the 10,140ha Dufferin Project, located 18km from Cameco's Centennial Deposit.

Three priority target areas have been identified using VTEM and magnetic data. The highest-priority target features two conductors near the Virgin River shear zone, with one showing strong conductivity associated with a magnetic transition. These untested targets are estimated to have relatively shallow sandstone cover of less than 200 metres above the unconformity.

Under the option agreement, Refined must make payments totaling CA$275,000, issue 1,000,000 shares, and fund CA$2.6M in exploration by December 2026 for 60% interest. An additional 15% can be acquired with CA$500,000 payment, 500,000 shares, and CA$3M in exploration by December 2028. Eagle Plains will retain a 2% smelter returns royalty, half of which is repurchasable for CA$2M.

Eagle Plains Resources (TSXV:EPL) and Earthwise Minerals (CSE:WISE) have finalized an option agreement for the Iron Range gold project in British Columbia. The agreement allows Earthwise to acquire up to 80% interest in the 21,437ha project through a two-phase option structure.

The First Option enables a 70% interest acquisition for CA$250,000, 1.5 million common shares, and CA$4,000,000 in exploration expenditures over four years. The Second Option permits an additional 10% interest for CA$1,000,000 and completion of a bankable feasibility study.

Historical drilling highlights include:

• Talon Zone: 14.0m at 5.1g/t gold, 1.86% lead, 2.1% zinc, 75.3g/t silver
• Additional intersection: 7.0m at 51.52g/t gold

The project shows potential for gold-silver, iron-oxide copper-gold (IOCG), and Sullivan-style lead-zinc-silver mineralization. Eagle Plains will serve as the operator, with a 2% smelter returns royalty upon option exercise, 1% of which is repurchasable for CA$1,500,000.

Eagle Plains Resources (TSX-V:EPL) has entered into a non-binding letter of intent with Earthwise Minerals (CSE:WISE) for an option agreement on the Iron Range Gold project in British Columbia. Under the agreement, Earthwise can acquire up to an 80% interest in the 21,437ha property.

The project has shown promising drilling results, including historical intersections of 14.0m grading 5.1g/t gold, 1.86% lead, 2.1% Zinc, 75.3g/t silver, and another intersection of 7.0m grading 51.52g/t gold. To acquire a 70% interest, Earthwise must complete $4M in exploration expenditures, pay $250,000 cash, and issue 1.5M shares over four years. An additional 10% can be acquired through a $1M payment and completing a bankable feasibility study.

The property, located near Creston, BC, features excellent infrastructure including a high-pressure gas pipeline, high-voltage power line, and rail access to the Teck smelter. Eagle Plains will retain a 2.0% NSR, which can be reduced to 1.0% for $1.5M.

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.