CRANBROOK, BC / ACCESS Newswire / June 3, 2026 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") with partner, Xcite Uranium Inc. (TSX-V: XRI) ("XRI or Xcite"), is pleased to announce initial geophysical results for its 4502 ha Beaver River Uranium Project. Strong correlations exist between areas of known uranium mineralization at the VIC and COMBINED zones with trends of anomalous conductivity (Figure 1). The Calculated Vertical Gradient (CVG) of the magnetic data, collected simultaneously with the VTEM, also shows strong trends in proximity to known mineralization possibly indicative of a favorable structural environment (Figure 2). Advanced geophysical interpretation and modeling by Condor Consulting Inc. is nearing completion and will aid in prioritizing areas for summer fieldwork and targeting drill holes in Q3/Q4 2026.
Beaver River was one of six projects covered by a 2025 VTEM Plus airborne geophysical survey carried out by Geotech Airborne Geophysical Surveys. The fall survey was merged with publicly available VTEM data collected by previous operators. Since data collection was completed, the Beaver River project has been expanded by over 3,000 hectares.
