Eagle Plains Res Stock Price, News & Analysis

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.

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.