EagleOne Provides Results of Phase I Exploration on Its Magusi West Gold Project

Executive Summary

• EagleOne Metals reported results from its Phase 1 exploration program on the Magusi West Gold Project in Quebec, highlighting several soil anomalies for gold, copper and zinc.
• The program included 618 soil samples, ground geophysics (magnetometer, VLF‑EM, IP), outcrop and channel sampling, and geological mapping.
• Consulting geologists identified two primary anomalous clusters in the southern half of the property and recommended further IP data visualization to define potential diamond drill targets.

Key Details

• Soil Sampling: 618 samples collected across the Project.
• 10 samples ≥ 0.02 ppm Au, highest assay 0.156 ppm Au.
• 7 samples ≥ 100 ppm Cu, highest assay 186 ppm Cu.
• 21 samples ≥ 150 ppm Zn, highest assay 200 ppm Zn.
• Geophysical Work: Detailed ground surveys comprising magnetometer, very low frequency electromagnetic (VLF‑EM) and induced polarization (IP) measurements.
• Data Interpretation:
• Response ratios indicated uniform values due to silt‑ and clay‑rich glaciolacustrine cover.
• Geochemical probability plots revealed three anomalous clusters; two are of primary interest in the southern property.
• Anomalous Clusters:
• Western Cluster: North of Baie Fabie Fault, adjacent to a possibly syn‑volcanic diorite intrusion within mafic/intermediate metavolcanic flows.
• Eastern Cluster: Flanks Baie Fabie Fault, associated with a potential syn‑volcanic diorite body; extends ~600 m south and ~700 m east‑west.
• Recommendations for Follow‑Up:
• Produce IP resistivity and chargeability plan maps (50 m, 100 m, 150 m scales) overlaid with magnetic, EM conductors and soil data.
• Generate subsurface depth slices of IP pseudosections to highlight anomalous patterns.
• Identify intersecting anomalies as drill‑ready targets for future diamond drilling campaigns.
• Exploration Challenges: Extensive clay cover in the southern area hampers direct outcrop observation; limited exposure of intrusive diorite and volcanics near the most promising soil anomalies.

Notable Quotes

• “Our Phase 1 program has identified compelling geochemical and geophysical anomalies that warrant further detailed work and could define future drill targets on the Magusi West Gold Project.” – Matthew Markin, President & CEO

Qualified Person: Allan MacTavish, M.Sc., P.Geo. (NI 43‑101) reviewed and approved the technical content.