Eagle Plains Resources Provides Update on Drilling Activity on Vulcan Critical Metals Project, Southeastern BC

About this update from Eagle Plains Resources Ltd.

CRANBROOK, BC / ACCESSWIRE / July 4, 2023 / Eagle Plains Resources Ltd. (TSX-V:EPL) ("EPL" or "Eagle Plains") is pleased to report that diamond drilling activity continues at its 100%-owned Vulcan Project, located 30km west of Kimberley, BC. The planned program will include a minimum of 3,000m (9,842') of diamond drilling in 4-5 holes at the Hilo & West Basin Zones, following up on encouraging results obtained during 2022 drilling (details following). To date, drill-hole VU22004 has been successfully extended from a previous depth of 597.2m to a total depth of 829.0m. The extension was planned to test beneath mineralization encountered during 2022 (see highlights below) and to establish the base of a sub-basin interpreted to exist in the immediate area. These objectives have been met and valuable information gained on mineralization, alteration and stratigraphy in the immediate area. Previously reported analytical results for VU22004 include: 11.55m @ 0.46% Zn, 0.02% Pb, 21.48 ppm Cd, 90.65 ppm Sn (545.50-557.05m), including 1.50m @1.72% Zn, 68.83 ppm Cd, 32.09 ppm Sn (554.58-556.08m), including 0.22m @ 6.46% Zn, 259.00 ppm Cd, 39.10 ppm Sn (554.58-554.80m), and 0.18m @ 3.16% Zn, 126.50 ppm Cd, 26.80 ppm Sn (555.53-555.71m) Drill-hole VU23001 has recently been completed to a total depth of 765.6m. This hole encountered significant cm-scale stratabound (laminated) and fragmental (clast) zinc, lead and silver mineralization consistent with that seen in VU22004. Underlying the mineralized laminations was a marked increase in iron sulphides (pyrite and pyrrhotite) in both net textures and cm-scale laminations associated with increased amounts of copper and arsenic with intense tourmaline alteration - all indications of hydrothermal venting nearby. Borehole surveys indicate that mineralization intercepted in VU23001 is located approximately 130m SE and stratigraphically correlates with mineralized horizons observed in VU22004, confirming a widespread distribution. Detailed logging and sampling is underway, with complete analytical results expected in the coming months. Visual observations and preliminary portable X-ray fluorescence ("pXRF") analysis of mineralized material confirms the presence of widespread alteration associated with narrow bands of high-grade mineralization consistent with that of sedimentary-exhalative ("sedex") deposits, particularly a...

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