EAGLE PLAINS RES LTD - EGPLF STOCK NEWS

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.

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.

Eagle Plains Resources (TSXV:EPL) has expanded its Ice River Project by staking an additional 141 hectares, bringing the total area to 2,170 hectares. This project, located 45 km east of Golden, BC, is known for its rich deposits of rare earth elements (REE), niobium (Nb), and precious metals. Since 2005, the company has conducted extensive exploration, with significant findings including over 34,300 ppm of Total Rare-Earth-Elements and 3,923 ppm Nb. Future plans include targeted mapping and prospecting to further assess these valuable mineral targets.

Eagle Plains Resources has been informed by its option partner, Rockridge Resources, that a winter exploration program has commenced at the Knife Lake Project in Saskatchewan. This project covers a significant VMS deposit across 32,663 hectares. Rockridge is conducting a 459-line kilometer airborne electromagnetic survey to evaluate high-priority targets, with the potential for discovery both at depth and regionally. The deposit reportedly contains copper, zinc, silver, and cobalt, with a maiden resource estimate indicating 3.8 million tonnes at 1.02% CuEq.

Eagle Plains Resources has announced the completion of an 18-hole drilling program on its 100%-owned Olson property in Saskatchewan, funded by SKRR Exploration. The drill program totaled 2,981 meters and tested seven target areas. SKRR can earn a 75% interest in the property through substantial exploration expenditures and share payments. Historical data shows promising gold mineralization, including notable grades of 2.07 g/t and up to 105.52 g/t Au. Following favorable results, an expanded drill program is expected in the summer of 2021.

Eagle Plains Resources has mobilized drilling crews for its 100%-owned Iron Range Project in British Columbia, with a planned 7-10 hole diamond drilling program expected to take 2-3 weeks. Previous drilling in 2008 yielded results up to 7.0m grading 51.52g/t gold. The project is part of an option agreement allowing the partner to earn up to a 60% interest by spending $3.5 million on exploration. Additionally, amendments to an agreement with 37 Capital will provide Eagle Plains with common shares in lieu of unmet exploration expenditures.

Eagle Plains Resources Ltd. has suspended drilling at its 100%-owned Donna Project due to severe winter conditions and heavy snowfall, preventing safe access for crews and water supply. Drilling progressed 300m but did not reach the target depth. The program aimed to explore high-grade gold and silver mineralization and will resume in Q2 2021. Updates also provided for Olson and Kalum projects, with successful drilling noted at Olson. Recently, a non-brokered private placement raised $529,060 to support ongoing exploration.

Eagle Plains Resources Ltd. has initiated a drilling program on its 100%-owned Donna Project in British Columbia, targeting gold and silver mineralization in 5-7 holes, totaling 1,500 meters. The area shows significant potential due to historical findings and geochemical anomalies. Additionally, Eagle Plains has an agreement to earn a 100% interest in the nearby Dictator Property, involving substantial exploration expenditures. Recent assays from the Dictator site indicate promising gold and silver values, highlighting the company's strategic focus on mineral exploration and resource development.

Eagle Plains Resources has mobilized crews for a 12-hole, 1,850-meter diamond drilling program at its 100%-owned Olson property in Saskatchewan, aiming to investigate previously drilled gold zones and new targets based on recent geological studies. The program, funded by SKRR Exploration, will test three key areas: Jena/Juba, Point-Tuscan, and Sisko, identified through extensive past exploration data. The Olson project has historical gold intersections of up to 2.07 g/t Au and is considered underexplored, with potential for significant mineral discoveries.