Eagle Plains Completes Drilling at George Lake Critical Metals Project, Intersects Target Mineralization in All Holes
Eagle Plains Completes Drilling at George Lake Critical Metals Project,
Intersects Target Mineralization in All Holes
Cranbrook, B.C., March 10th, 2026: Eagle Plains Resources Ltd. (TSX-V:EPL) (OTCQB: EGPLF)
(“EPL” or “Eagle Plains”) is pleased to report that the final hole at the George Lake Project has been
completed after intersecting the George Lake Zn/Pb deposit horizon. A total of 1591m in three holes was
drilled, with all holes intersecting the target horizon. The deepest 2026 intersection is approximately 208m
vertically below the deepest historical intercept. Analytical results are pending for all holes. Preliminary
interpretation of the 2026 drilling, along with historical results indicates that mineralization remains open
down-dip and along strike.
See George Lake Drill-hole Plan here
The recently completed hole, GL26003, is a 185m step-out to the northeast of GL26001, and undercut
historic drillholes GL08 -08B and GL08- 03 ( 40.0m (221.5- 261.5m) @ 1.80% Zn/ 0.23% Pb including
7.00m (252.5-259.5m) @ 5.23% Zn/ 1.00% Pb). The mineralized George Lake deposit horizon was
intersected from 394.8 – 451.3m, a drill length of 56.5m. Mineralization occurs as disseminated
sphalerite and pyrite, with local sphalerite stringer veins. The clean quartzite host has pervasive
silicification and moderate sericite alteration . The mineralized horizon was intersected approximately
155m downdip from GL08-08B, the closest hole on the section.
Chuck Downie, P.Geo., President and CEO of Eagle Plains recently stated “We are very pleased with the
initial results from the first George Lake drilling in nearly two decades, which has extended the known
mineralization up to 200m deeper than historical intercepts. The multi kilometer scale and predictable
orientation of the host stratigraphy, demonstrates the potential to continue to expand the known
mineralization both down-dip and along strike. Additionally, I would like to commend the Terralogic crew
for completing the program under extremely challenging weather conditions.”
The George Lake deposit horizon is characterized by significant critical metal mineralization over a broad
strike length of approximately 8.1 kilometers. The source of this mineralization has never been established,
and forms the basis for Eagle Plains’ continuing exploration work.
2026 Drilling Summary
Hole ID Easting* Northing* Az Dip Total
Depth (m)
GL26001 574919 6370769 311° -62° 580
GL26002 574767 6370645 319° -62° 550
GL26003 575071 6370873 311° -58° 461
Total Meters Drilled: 1591
*Coordinates projected in NAD83 UTM Zone 13N
Drill-hole GL26001 was designed to undercut historic drillholes GL08 -02: 55.8m (206.0-261.8m) @
4.01% Zn/0.54%Pb including 8.0m (252.8-260.6m) @ 6.96% Zn/1.42% Pb) and GL-21: 32.0m (286.5-
318.5m) @ 3.66% Zn/ 0.40% Pb including 10. 7m (297.2-307.9m) @ 5.43% Zn/ 0.34% Pb). The
intersected mineralized stratigraphy has a drill length of 56m from 480-536m. The mineralized
horizon was intersected approximately 208m downdip from GL -21, the closest hole on the section and
one of the deepest holes historically drilled at the deposit.
Drill-hole GL26002, an 200m step-out to the southwest of GL26001, undercut historic drillholes GL08-
01: 57.90m (189.2-247.1m) @ 2.69% Zn/0.41% Pb including 6.0m (220.1-226.1m) @ 5.37% Zn/0.64%
Pb) and GL-25: 42.7m (237.7-280.4m) @ 3.09% Zn/0.36% Pb including 10.7m (239.3-250.0) @ 5.38%
Zn / 0.81% Pb). The mineralized zone has a length of 4 9m from 468-517m , and was intersected
approximately 171m downdip from GL -25, the closest hole on the section and one of the deepest holes
historically drilled at the deposit.
The 2026 drill targeting is driven by results from geophysical and technical work, paired with advanced
interpretation. The holes were located to test for down dip extensions of the prospective sedimentary
exhalative (sedex) stratigraphy, over a strike length of 385m. The program was conducted by TerraLogic
Exploration Inc. of Cranbrook, BC under the direction of Kerry Bates, P.Geo., Exploration Manager for
Eagle Plains. The drill contractor was New Age Drilling Solutions.
George Lake is one of the projects included in a formal Exploration Agreement between Eagle Plains and
the Ya’thi Néné Lands and Resource Office (“YNLR”), representing the Athabasca Denesułiné First
Nations of Hatchet Lake, Black Lake, and Fond du Lac, the Northern Hamlet of Stony Rapids, and the
Northern Settlements of Uranium City, Wollaston Lake and Camsell Portage. YNLR has been providing
technical support for the program.
The project is also eligible for the Saskatchewan Targeted Mineral Exploration Incentive (TMEI), which
may provide funding of up to $150,000 towards drilling-related program costs.
Detailed reporting will be released when all geochemical results have been received and interpreted.
All drill indicated intercepts as reported in this news release are measured along core length and true
thickness is yet to be determined.
About the George Lake Project
The fully permitted 6 165 ha George Lake project is located 280km north of La Ronge, Saskatchewan.
The project has excellent access and is located on a recently completed highway connecting Saskatchewan
Highway 905 to the community of Wollaston Lake. Eagle Plains holds a 100% inte rest in claims
comprising the property, subject to a 2% royalty held in favour of Summit Royalties Ltd., 1% of which
can be bought back by Eagle Plains for $1,000,000.
See George Lake Project Information and Map here
George Lake Project Highlights
• 4,131m of historical drilling completed in 22 holes at the deposit, with the best drill holes returning
57.9m grading 2.65% Zn and 0.41% Pb ( including 13.5m grading 4.36% Zn and 0.76% Pb )
(DDH GL08-01) and 47.8m grading 4.03% Zn and 0.44% Pb (including 8.0m grading 6.96%
Zn and 01.42% Pb) (DDH GL08-02) (SMAF 64E05 0033);
• George Lake Deposit comes to surface and has dimensions of approximately 35m width x 800m
length, and is open to depth and along strike;
• Potential for discovery of extensions of existing mineralization and other discrete mineralization
elsewhere on the property;
The property overlies 13 Saskatchewan Mineral Deposit Index (“SMDI”) occurrences including the
George Lake Zn Deposit. Zinc and lead mineralized boulders were discovered in the George Lake area in
1965 which led Falconbridge Nickel Mines to acquire a large land position in the ar ea, resulting in a 34-
hole diamond drill program in 1969- 70 which defined the George Lake deposit. The deposit contains
sedimentary-exhalative (“sedex”) style mineralization, with a higher-grade core of >5% Zn.
Some of the above results were taken directly from the SMDI descriptions and assessment reports (SMAF)
filed with the Saskatchewan government. Management cautions that historical results were collected and
reported by past operators and have not been veri fied nor confirmed by a Qualified Person, but form a
basis for ongoing work on the subject properties. All drill indicated intercepts as reported in this news
release are measured along core length and true thickness is yet to be determined.
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a
director and officer of Eagle Plains, hereby identified as the “Qualified Person” under N.I. 43-101.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well -funded, prolific project generator that continues to
conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical
metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the fourth- oldest listed issuer on the TSX-V (and the only one
of these four that has not seen a roll -back or restructuring of its shares). Eagle Plains has continued to
deliver shareholder value over the years and through numerous spin outs has transferred over
$110,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp.
being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:“ER”) was listed on May
24, 2023, and on October 30, 2025, ER shareholders overwhelmingly approved a three -cornered
amalgamation that resulted in a reverse takeover of Eagle Royalties by Summit Royalty Corp. The
resulting issuer is named Summit Royalties Ltd. and trades under the symbol SUM on the TSX Venture
Exchange with a market capitalization of over $100M.
On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company
that will give Eagle Plains’ shareholders direct exposure to strategic opportunities in Canadian green
energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. (“OP”) will focus
on identifying and advancing innovative and diverse clean energy project portfolios in target markets
throughout Canada, with an initial focus on Western Canada.
Eagle Plains’ core business is acquiring grassroots critical- and precious-metal exploration properties. The
Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of
projects toward discovery through collaborative partnerships and development of a highly experienced
technical team.
Expenditures from 2010-2025 on Eagle Plains-related projects exceed $41M, the majority of which was
funded by third- party partners. This exploration work resulted in approximately 50,000m of diamond-
drilling and extensive ground-based exploration work facilitating the advancement of numerous projects
at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring
for and discovering resource opportunities while building lasting relationships through honest and
respectful business practices.
On behalf of the Board of Directors of Eagle Plains
“C.C. (Chuck) Downie” P.Geo
President and CEO
For further information on EPL, please contact Andrew Wilson at 1 866 HUNT ORE (486 8673)
Email: [email protected] or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward- looking
statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.