EAGLE PLAINS RES LTD - EGPLF STOCK NEWS

Eagle Plains Resources and Xcite Resources have released an update on their Lorado uranium project, located near Uranium City, Saskatchewan. The project encompasses past-producing Lorado mine and three additional uranium occurrences. Key highlights include road accessibility, historical production of 95,000 tonnes of uranium at 0.19% U3O8 from 1957-1960, and chip samples showing up to 0.793% U3O8 over 1.9 meters. The data compilation has revealed overlapping airborne EM and gravity geophysical anomalies, suggesting unexplored potential. Recommendations for 2024 fieldwork are forthcoming.

Eagle Plains Resources and Xcite Resources Inc. provided an update on the Don Lake uranium project, showcasing high-grade uranium mineralization. The data compilation highlighted six uranium mineral showings, structurally controlled mineralization, and excellent infrastructure. Historical drilling yielded promising results, with up to 10.7% U3O8 over 0.3m. Recommendations for 2024 fieldwork are expected based on the compiled data.

Eagle Plains Resources has completed an initial data compilation on its 9156 ha Theory Copper-Gold project in the Toodoggone District, British Columbia. The project holds potential for both epithermal gold and copper-gold porphyry deposits, situated in a highly prospective mining district. The property, owned entirely by Eagle Plains, features large contiguous land, multiple occurrences of gold-silver veins, and favorable geological settings. Recent road upgrades provide easier access to the region, with a history of encouraging mineralization and alteration. The company is actively seeking partners for the project.

Eagle Plains Resources and Xcite Resources Inc. provide an update on the Beaver River uranium project, revealing high-grade uranium mineralization near the surface. The project, located in Saskatchewan, shows promising historical assays and drill intersections, suggesting potential for significant mineralization. The data compilation highlights a recognized mineralized trend over 1km in length, indicating the prospect of polymetallic uranium mineralization in fault zones.

Eagle Plains Resources acquires a block of claims covering the historic Elizabeth Lake Cu-Ag VMS deposit, showcasing promising mineralization potential.

Eagle Plains Resources Ltd. and Refined Metals Corp. have entered into an option agreement for the Dufferin Project, allowing Refined to acquire up to a 75% interest. The project is located near Cameco's Centennial Deposit and offers significant exploration potential for uranium. The agreement involves cash payments, share issuances, and exploration expenditures split into two phases. Eagle Plains will retain a 2% smelter return royalty, with the option to repurchase 1% for CA$2,000,000. The companies will form a joint venture post-option exercise to continue project exploration and operation.

Eagle Plains Resources Ltd. offers dispositions to Xcite Resources Inc. in the Uranium City area, expanding Larado and Gulch projects. Xcite has the exclusive right to earn up to an 80% interest in multiple projects by meeting exploration expenditure and share issuance requirements. Eagle Plains retains a 2% NSR royalty on the properties. Eagle Plains aims to advance its uranium portfolio through collaborative partnerships in the Athabasca Basin.

Eagle Plains Resources Ltd. expands its Saskatchewan uranium assets through recent acquisitions, adding to its extensive portfolio. The company now holds a 100% interest in 18 projects covering 40,050 ha, including both basement and unconformity hosted uranium targets. The acquisitions since November 2023 have increased the tenure by 6,643 ha, with projects ranging from early-stage to drill ready, strategically located in the Athabasca Basin.

Eagle Plains Resources Ltd. reports final analytical results from its Summer 2023 drilling program on the Vulcan Project, revealing widespread low-grade stratabound mineralization associated with tourmaline alteration and thick mineralized fragmental units. The company's President and CEO, Chuck Downie, commented on the potential for a Sedex deposit at Vulcan. The property, located near the world-class Sullivan deposit, has historical reports of Sullivan-style mineralization, and the recent drilling program has extended the known area of bedded mineralization hosted in the Lower Aldridge Formation.