Eureka Metals Advances Cabin Lake Toward Maiden Modern Drill Program with Submission of IP Survey and Drill Permit Applications

About this update from Eureka Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2026) - Eureka Metals Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka" or the "Company") is pleased to announce that it has submitted exploration permit applications to the British Columbia Ministry of Mining and Critical Minerals for an induced polarization ("IP") geophysical survey and diamond drilling program at its 100%-optioned Cabin Lake Silver-Lead-Zinc-Gold Project located in central British Columbia. The permit applications represent a significant milestone in the advancement of the Cabin Lake Project and are intended to support the next phase of exploration, including the generation and drill testing of high-priority targets identified through historical exploration and recent field programs. Highlights Danny Matthews, Chief Executive Officer of Eureka, stated: "The submission of permit applications for both IP surveying and diamond drilling represents a significant milestone in the advancement of Cabin Lake. These applications are an important step toward executing the exploration strategy outlined in our recently completed NI 43-101 Technical Report. Historical exploration at Cabin Lake has consistently demonstrated the presence of silver, lead, zinc and gold mineralization across multiple target areas, yet much of the property remains largely untested using modern exploration techniques. We believe the combination of favourable geology, extensive historical data, recent trenching results and strong infrastructure positions Cabin Lake as a compelling exploration opportunity for Eureka and our shareholders." Figure 1. Cabin Lake Project geology and mineral occurrence map showing the West/Central and Cabin/Nithi target areas To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9639/302029_66c705687489795d_001full.jpg 2026 Exploration Program The Company's current field program is focused on geological evaluation, target refinement and exploration planning across priority areas of the property. Results generated from this work are expected to further assist the Company in prioritizing future exploration activities and identifying areas for drill testing. The submitted permit applications include authorization for an induced polarization ("IP") geophysical survey and diamond drilling. The Co...

View stock analysis, news, and events for Eureka Metals Corp.