Eagle Plains Res - EGPLF STOCK NEWS

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.

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.

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.

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.

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.

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.

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.