Northwire Canada EditionTuesday, September 29, 2026
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GOLD 4168.40 −3.5% SILVER 61.72 −4.8% COPPER 6.61 −2.3% OIL 92.60 +0.2% PALLADIUM 1217.00 −4.6% GIGA 0.060 −4.0% BLDS 0.300 −1.6% ECU 1.78 −0.6% CASA 0.090 +0.0% SM 1.39 −7.3% LMR 0.125 +0.0% SHL 0.472 +0.5% GGM 0.035 +0.0% FNV 348.78 −4.3% SDR 0.165 +0.0% SALT 1.50 +2.0% LITH 0.410 −2.4% BEAR 0.140 +0.0% ELEF 0.130 −3.7% CPAU 0.120 +0.0% SAGE 0.150 +0.0% GOLD 4168.40 −3.5% SILVER 61.72 −4.8% COPPER 6.61 −2.3% OIL 92.60 +0.2% PALLADIUM 1217.00 −4.6% GIGA 0.060 −4.0% BLDS 0.300 −1.6% ECU 1.78 −0.6% CASA 0.090 +0.0% SM 1.39 −7.3% LMR 0.125 +0.0% SHL 0.472 +0.5% GGM 0.035 +0.0% FNV 348.78 −4.3% SDR 0.165 +0.0% SALT 1.50 +2.0% LITH 0.410 −2.4% BEAR 0.140 +0.0% ELEF 0.130 −3.7% CPAU 0.120 +0.0% SAGE 0.150 +0.0%
Drill Results Neutral

Eagle Plains' Partner Xcite Uranium Intersects Anomalous Radioactivity at Lorado and Commences Drill Program at the Gulch Uranium Project, Saskatchewan

Eagle Plains advances uranium and critical metals projects through partner-funded drilling supported by a strong balance sheet.

By The Northwire Desk — AI Analysis Sep 28, 2026 · 04:00 EPL · 0.18 Eagle Plains Resources Ltd.
Executive Summary

Partner Xcite Uranium has commenced a 900-meter, three-hole diamond drilling program at the Gulch Uranium Project in Saskatchewan. The program targets basement-hosted unconformity-style mineralization associated with the Black Bay Fault and the Martin Group unconformity. Concurrently, initial downhole gamma probe results from the Lorado Project indicate that Hole LO26003 intersected multiple anomalous intervals, including a 0.6-meter interval averaging 930 cps.

Under Xcite’s option agreement, the company can earn an 80% interest by completing $3.2 million in exploration expenditures, issuing 750,000 common shares, and paying $330,000 in cash over four years. Eagle Plains Resources Ltd. retains a carried interest until a bankable feasibility study is delivered and holds a 2% NSR royalty on each property. The approved 2026 budget for Gulch is approximately $1.1 million.

Material Impact

The company noted that the gamma readings are preliminary radiometric measurements and do not represent chemical assays, true thicknesses, or resource definitions. The drill program scope, budget, and option terms align with prior announcements and do not introduce new financial or operational catalysts.

EPL · Price
Company Overview

Eagle Plains Resources Ltd. operates as a project generator, acquiring and advancing early-stage mineral properties. Its portfolio includes uranium assets in Saskatchewan, gold and base metals in British Columbia, and critical metals. Key projects under option or joint venture include Don Lake, Lorado, Gulch, Smitty, Beaver River, and Black Bay for uranium, as well as Theory, Orbit, Iron Range, Pine Channel, George Lake, Dufferin West, and Hearne Hill South. In-house geological services are provided through TerraLogic Exploration Inc.

Read the original news release →

More from Eagle Plains Resources Ltd.

Sep 17, 2026 · 04:00

Eagle Plains reports preliminary gamma hits at Don Lake, underscoring early-stage uranium exploration with no chemical assays yet.

Drill Results Sep 02, 2026 · 07:00

Eagle Plains Iron Range results confirm continuity but lack near-term monetization, maintaining its project generator model.

Drill Results Sep 01, 2026 · 04:00

Eagle Plains continues exploration at its Lorado project, advancing drilling activities without triggering immediate financial or operational catalysts.

Drill Results Aug 27, 2026 · 07:00

Eagle Plains advances its Orbit joint venture and Hearne Hill option, maintaining its project generator model as planned.

Drill Results Aug 26, 2026 · 04:00

Eagle Plains reports radioactivity at Don Lake, a result that does not constitute a mineral discovery.

Drill Results Aug 20, 2026 · 04:00

Eagle Plains advances its uranium portfolio with partner-funded drilling, maintaining execution on schedule without new catalysts to re-rate the project.

Drill Results