Eagle Plains Res - EGPLF STOCK NEWS

Eagle Plains Resources and SKRR Exploration have initiated a 10-hole, 1850m diamond drilling program at the Olson property in Saskatchewan. This program follows previous successful drilling efforts that identified significant gold mineralization. SKRR can earn up to 75% interest in the property over three years. The project targets multiple known zones, including Olson, Ackbar Lake, and Michael's Lake. Drilling is expected to last four weeks, with results anticipated to play a crucial role in assessing the area's gold potential.

Eagle Plains Resources has successfully staked 8,903 hectares for its newly acquired Adamant Project, situated 45 km southeast of Mica Creek, British Columbia. This project features high-grade metamorphic rocks with significant potential for critical metals like Rare Earth Elements (REE), niobium (Nb), and molybdenum (Mo). Notably, previous sampling reports indicated up to 31,337 ppm REE and 481.2 ppm Nb. The acquisition aligns with the Canadian government's push for stable critical element supplies, enhancing the company’s portfolio and positioning within the industry.

Eagle Plains Resources has entered a formal option agreement with Aben Resources allowing Aben to earn a 100% interest in the Slocan Graphite Project in British Columbia, subject to regulatory approval. Aben must invest $1M in exploration, issue 850,000 shares, and pay $150,000 over three years. The project, comprising 2,387 ha, has potential for large flake graphite deposits, supported by infrastructure and previous geophysical surveys indicating significant mineralization. Additionally, Eagle Plains has terminated its agreement with 37 Capital regarding the Acacia Property.

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.