Eagle Plains to begin drilling at George Lake

Executive Summary

• Eagle Plains Resources Ltd. announced a fully funded 2026 diamond drill program at its 100%-owned George Lake Critical Metals Project in Saskatchewan.
• The program is scheduled to commence in late January 2026 and will consist of approximately 1,650 metres of diamond drilling, conducted by Terralogic Exploration Inc. under the direction of Exploration Manager Kerry Bates.
• The drilling aims to intersect sedimentary exhalative (SEDEX) stratigraphy via systematic 200-metre stepouts from historical intersections, driven by 2022 high-resolution geophysical surveys and 2024 detailed interpretation that identified 17 new target zones.

Key Details

• Drilling Program Scope: Approximately 1,650 metres of diamond drilling planned for late January 2026.
• Drilling Contractor: Terralogic Exploration Inc. (Cranbrook, B.C.).
• Drilling Services: New Age Drilling Solutions contracted for diamond drilling activities.
• Technical Direction: Kerry Bates, MSc, PGeo, Exploration Manager for Eagle Plains.
• Strategic Objective: To intersect SEDEX stratigraphy hosting the George Lake deposit using systematic 200-metre stepouts (downdip and along strike) from historical intersections.
• Historical Context: This is the first drill program at George Lake since 2008. Historical drilling included 4,131 metres in 22 holes.
• Key Historical Intersections:
  • DDH GL-08-02: 8.0 m of 6.96% Zn, 1.42% Pb, 5.91 g/t Ag within a broader interval of 47.8 m of 4.50% Zn, 0.61% Pb, 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).
• Geophysical Data:
  • 2022 high-resolution geophysical survey (VTEM Max) funded by the Government of Saskatchewan identified a strong SW-NE trending EM conductor coincident with the deposit.
  • 2024 interpretation by EarthEx Geophysical Solutions 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 at 3-5% Zn and 0.5-1.5% Pb.
• Indigenous Partnership: Formal exploration agreement with Ya'thi Nene Lands and Resource Office (YNLR), representing Athabasca Denesuline First Nations and various Northern Hamlets/Settlements; YNLR providing technical support.
• Government Incentives: Eligible for Saskatchewan targeted mineral exploration incentive, potentially providing up to $150,000 toward drilling costs.
• Project Status: Fully permitted, 6,868-hectare property, 100% owned by Eagle Plains (subject to 2% royalty to Summit Royalties Ltd.).
• Location: 280 km north of La Ronge, Sask., with access via Highway 905 to Wollaston Lake.

Notable Quotes

• Chuck Downie, PGeo, President and CEO: "We are excited to undertake the first drill program at George Lake since 2008. Sedimentary-exhalative systems are a compelling target and, on a worldwide scale, represent some of the largest critical metals deposits discovered. In addition, they typically occur in clusters along the host stratigraphy, which indicates the potential for other discoveries on the project."