Eagle Plains moves crews for George Lake drill program

Executive Summary

• Eagle Plains Resources Ltd. has commenced a 1,650-metre, three-hole diamond drilling program at its 100%-owned George Lake critical metals project in Saskatchewan.
• The drilling aims to intersect SEDEX stratigraphy hosting the George Lake deposit, utilizing modern geophysics and advanced modeling to prioritize targets in systematic 200m stepouts from historical intersections.
• The project is eligible for up to $150,000 in funding through the Saskatchewan Targeted Mineral Exploration Incentive (TMEI) and includes technical support from the Ya'thi Nene Lands and Resource Office (YNLR).

Key Details

• Drilling Program Scope: 1,650 metres across three holes.
• Drilling Contractor: New Age Drilling Solutions.
• Technical Direction: TerraLogic Exploration Inc. (Cranbrook, B.C.), under Kerry Bates, MSc, PGeo.
• Primary Objective: Intersect sedimentary exhalative (SEDEX) stratigraphy; test targets outside known mineralization and refine targeting in the immediate deposit area.
• Historical Context: First drill program at George Lake in nearly two decades.
• Historical Intersections Referenced:
  • DDH GL-08-02: 8.0 metres of 6.96% Zn, 1.42% Pb, and 5.91 g/t Ag within a broader interval of 47.8 m of 4.50% Zn, 0.61% Pb, and 3.49 g/t Ag.
  • DDH GL08-01: 57.9 m grading 2.65% Zn and 0.41% Pb (including 13.5 m grading 4.36% Zn and 0.76% Pb).
  • DDH GL08-02 (Additional): 47.8 m grading 4.03% Zn and 0.44% Pb (including 8.0 m grading 6.96% Zn and 1.42% Pb).
• Geophysical Data:
  • 2022 VTEM max TDEM survey identified a strong SW-NE trending EM conductor coincident with the deposit, only partially drill tested.
  • 2024 EarthEx Geophysical Solutions modeling identified 17 target zones and indicated the host contact is near-vertical and continuous to depth.
• Exploration Target: Conceptual target of 2 to 5 million tonnes (MT) at grades of 3-5% Zn and 0.5-1.5% Pb.
• Funding: Eligible for up to $150,000 via Saskatchewan TMEI.
• Partnerships: Technical support provided by Ya'thi Nene Lands and Resource Office (YNLR).
• Property Details: 6,868 hectares, 100% owned by Eagle Plains, subject to a 2% royalty to Summit Royalties Ltd.

Notable Quotes

• "We are excited to initiate the first drill program at the George Lake critical metals project in nearly two decades. By integrating modern geophysics and advanced modelling to refine drill targeting, we hope to be able to identify additional mineralization in the immediate deposit area, as well as test the target stratigraphy outside the area of known mineralization." — Chuck Downie, PGeo, President and CEO