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EAGLE PLAINS RES LTD - EGPLF STOCK NEWS

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Eagle Plains Resources Ltd. (TSXV:EPL), also known as Eagle Plains, is a mineral exploration company based in Cranbrook, British Columbia. The company focuses on critical metals essential for the electrified, decarbonized economy. Eagle Plains was established in 1992 and is a prolific project generator with a diverse portfolio of projects throughout western Canada. The company has a long history of delivering shareholder value and transferring significant value to its shareholders through spinouts. Eagle Plains is actively involved in grassroots exploration projects covering basement and unconformity hosted uranium targets in Saskatchewan, including the Beaver River, Black Bay, Don Lake, Gulch, Larado, and Smitty projects.

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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.

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Eagle Plains Resources has announced significant updates regarding the Knife Lake Copper Project in Saskatchewan, following results from a recent drilling program conducted by Rockridge Resources. The program involved 2,043 meters of drilling across twelve holes, with the first nine holes yielding promising assay results. Notable findings include infill drilling at the Knife Lake Deposit, which returned 1.95% Cu, 0.11 g/t Au, and 7.41 g/t Ag over 14.02m. The project, covering 55,471 hectares, shows strong discovery potential as planning for a summer exploration program is underway.

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Eagle Plains Resources has begun exploration work on the Dictator Project in British Columbia, aiming for a 100% interest in the property. Current activities include prospecting and soil sampling, following an airborne magnetometer survey indicating high-grade gold deposits. The project spans 2578 ha and has shown promising initial grab samples with gold grades reaching up to 39.4 g/t. Progress includes permitting for future diamond drilling, while the exploration expenditures total $150,000 over four years, with additional cash and share payments.

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Eagle Plains Resources Ltd. announced a formal option agreement with Tri Capital Opportunities Corp to acquire an 80% interest in the Pine Channel project in Saskatchewan. To earn this stake, TCAP will invest $3 million in exploration, issue 2 million common shares, and make $150,000 in cash payments over four years. The Pine Channel property covers 6,500 hectares and has shown promising gold mineralization in past drilling. Eagle Plains retains a 2% net smelter returns royalty on the property. This deal highlights EPL's strategic partnerships aimed at enhancing shareholder value.

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Eagle Plains Resources and SKRR Exploration have announced promising results from a 12-hole, 1674m drill program at the Olson property, confirming significant gold mineralization. The program, fully funded by SKRR, followed a previous successful drill campaign and highlighted new discoveries and continuity of high-grade gold at the Point Zone. Notable findings include: 50.24m at 0.41 g/t Au and 39.5m at 0.37 g/t Au. Additionally, a new gold discovery was made at Ackbar Lake. The ongoing exploration demonstrates potential for future resource development.

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Eagle Plains Resources announces an expanded drill program at the Knife Lake Project in Saskatchewan, increasing the scope from 1,600 metres (6-8 holes) to 2,100 metres (10-12 holes), fully financed by Rockridge Resources. The project aims to discover VMS-style copper deposits, with initial drilling indicating semi-massive to massive sulphides. Results from the first eight holes are pending. Rockridge holds an exclusive option to acquire a 100% interest in the property, which covers 32,663 hectares.

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Eagle Plains Resources has staked an additional 989 hectares at the Lazy Edward Bay Project, expanding its holdings to 3,399 hectares in Saskatchewan. The project, located near the Athabasca Sandstone, includes priority geophysical targets identified from a 2010 survey but has yet to be drilled. Additionally, the company oversees the Cable Bay Project, covering 4,066 hectares, also with significant exploration potential. Eagle Plains continues to advance its extensive portfolio of uranium and rare earth element projects, aiming to enhance shareholder value through focused exploration and strategic partnerships.

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Eagle Plains Resources Ltd. (EPL) has staked mineral tenures covering the historic Deep Bay East graphite occurrence in Saskatchewan. The 2043ha claim area is strategically located near the Deep Bay West graphite deposit. Historical exploration by Sherritt Gordon Mines and Superior Graphite Company identified multiple drill holes yielding significant graphite concentrations, with grades reaching up to 17.34% carbon. Recent airborne surveys in 2012 further highlighted conductive zones indicative of potential graphitic mineralization, prompting further exploration efforts in this promising area.

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Eagle Plains Resources Ltd. (TSXV:EPL) has expanded its Slocan Graphite Project by acquiring an additional 1,338 hectares, bringing the total area to 2,198 hectares. This road-accessible project, located 34 km from Castlegar, hosts large flake graphite-bearing outcrops and is free from royalties. The project benefits from nearby infrastructure, including a graphite processing plant. Although previous reports indicated significant potential for economic deposits, management cautions that historical results remain unverified. The expansion aligns with EPL's strategy of acquiring undervalued projects.

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FAQ

What is the current stock price of EAGLE PLAINS RES (EGPLF)?

The current stock price of EAGLE PLAINS RES (EGPLF) is $0.055 as of December 23, 2024.

What is the market cap of EAGLE PLAINS RES (EGPLF)?

The market cap of EAGLE PLAINS RES (EGPLF) is approximately 8.1M.

Where is Eagle Plains Resources Ltd. based?

Eagle Plains Resources Ltd. (TSXV:EPL) is based in Cranbrook, British Columbia, Canada.

What is the focus of Eagle Plains Resources Ltd.?

Eagle Plains Resources Ltd. focuses on critical metals essential for an electrified, decarbonized economy through mineral exploration projects.

When was Eagle Plains Resources Ltd. established?

Eagle Plains Resources Ltd. was founded in 1992.

What type of projects does Eagle Plains Resources Ltd. undertake?

Eagle Plains Resources Ltd. is a prolific project generator involved in grassroots exploration projects covering basement and unconformity hosted uranium targets in Saskatchewan.

Which regions does Eagle Plains Resources Ltd. operate in?

Eagle Plains Resources Ltd. conducts mineral exploration projects throughout western Canada with a focus on critical metals.

How does Eagle Plains Resources Ltd. deliver shareholder value?

Eagle Plains Resources Ltd. has a history of delivering significant value to its shareholders through spinouts and successful exploration activities.

What are some of the key projects of Eagle Plains Resources Ltd.?

Eagle Plains Resources Ltd. is actively involved in projects such as the Beaver River, Black Bay, Don Lake, Gulch, Larado, and Smitty projects in Saskatchewan.

What is the primary focus of Eagle Plains Resources Ltd.'s exploration activities?

Eagle Plains Resources Ltd. focuses on exploring for critical metals essential for an electrified, decarbonized economy through a diverse portfolio of projects.

How is Eagle Plains Resources Ltd. contributing to the mining sector?

Eagle Plains Resources Ltd. is actively engaged in mineral exploration projects that aim to discover and develop resource opportunities while maintaining honest and respectful business practices.

What sets Eagle Plains Resources Ltd. apart in the mining industry?

Eagle Plains Resources Ltd. distinguishes itself in the mining sector through its history of delivering shareholder value, successful spinouts, and exploration activities focused on critical metals.

EAGLE PLAINS RES LTD

OTC:EGPLF

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EGPLF Stock Data

8.05M
102.11M
11.25%
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United States of America
Cranbrook