Eagle Plains Res - EGPLF STOCK NEWS

Eagle Plains Resources Ltd. (TSXV:EPL) has finalized four agreements to sell a 100% interest in various uranium claims in the Athabasca Basin, Saskatchewan. The claims, deemed non-core by management, will generate approximately CDN$460,000 in value through common shares from buyers such as Uranium Energy Corp., ALX Resources Corp., Pegasus Resources Inc., and IsoEnergy Inc. These transactions allow Eagle Plains to retain significant royalty interests while minimizing exploration risks. The company continues to hold strategic uranium assets in the region.

Eagle Plains Resources Ltd. (TSX-V:EPL) has initiated exploration work at its Slocan Graphite Project in British Columbia after staking an additional 188 ha, increasing the total area to 2387 ha. Crews will conduct geological mapping and prospecting to identify extensions of graphite mineralization within the Tedesco Zone, which spans 2.0 km. The project benefits from strong infrastructure support and high-quality flake graphite potential. Previous surveys hinted at significant mineralization, but historical data remain unverified. The company aims to leverage its position in the growing graphite market.

Eagle Plains Resources announces that its option partner, Rockridge Resources Ltd., has completed a geophysical program at the Knife Lake Copper Project in Saskatchewan. The program involved a 610-line kilometer helicopter-borne electromagnetic and magnetic survey, enhancing exploration efforts in the Gilbert Lake target area. Rockridge aims to acquire a 100% interest in the project, which includes a notable mineralized deposit containing copper, silver, zinc, and cobalt. The upcoming diamond drilling program is anticipated to further advance exploration efforts and increase discovery potential.

Eagle Plains Resources has announced the results of a 12-hole, 1,152m drill program conducted in June and July 2021 at their 100%-owned Donna property in British Columbia. The program aimed to explore gold and silver mineralization, focusing on the Gossan and Morgan Zones. Significant findings included drill hole DO19001 returning 9.41 g/t Au over 1.5m. The area has potential for intrusive-related gold mineralization due to its geological context. The company plans further exploration based on these findings.

Eagle Plains Resources announced that its option partner Rockridge Resources has initiated a field program at the Knife Lake Copper Project in Saskatchewan, covering 55,471 hectares. The program includes a helicopter-borne electromagnetic survey to assess over 30 km of VMS stratigraphy, aiming to identify new drill targets. Rockridge holds an option to acquire 100% of the project, having committed to substantial cash and share payments, alongside exploration expenditures totaling $3,250,000. Recent drilling has shown promising mineralization, with significant copper and silver intersections.

Eagle Plains Resources Ltd. has initiated exploration activities on its 100% owned, 1868 ha Ant Lake Cu-Ni-PGE project located near Reindeer Lake, Saskatchewan. The site features 4 known mineral occurrences and has previously reported trench samples with copper values between 0.58% and 1.48%. Recent drilling identified a mineralization zone intersecting 3.5 m with 0.37% Cu and significant platinum and palladium content. Historical exploration marked by past operators has laid a foundation for these ongoing efforts, and the area remains free of royalties.

Eagle Plains Resources announced that its option partner Rockridge Resources Ltd. is set to initiate a summer/fall exploration program at the Knife Lake Copper Project in Saskatchewan. The project spans 55,471 hectares and is known for its copper, silver, zinc, and cobalt resources. This field program will include advanced geophysical surveys and aims to build on previous successful exploration results. Rockridge holds a 100% acquisition option on the property and has made progress in cash payments and share issuances. The project has a historical resource estimate which indicates significant mineral potential.

Eagle Plains Resources Ltd. (TSXV:EPL) has entered into a formal agreement with Canter Capital Corp. for a 60% interest in its Schott's Lake copper-zinc project. Canter must complete $5 million in exploration, $500,000 in cash payments, and issue 1 million shares over four years. The project spans 2,160ha in Saskatchewan and includes historical resources of 1,983,850 tonnes at 0.61% copper and 1.35% zinc. A 2% Net Smelter Return (NSR) is reserved for EPL, potentially reducible to 1% for $1 million. Recent surveys are aiding in mineral identification.