CRANBROOK, BC / ACCESS Newswire / June 11, 2026 / Eagle Plains Resources Ltd. (TSX-V: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 from a 2025 VTEM Plus airborne geophysical survey carried out by Geotech Airborne Geophysical Surveys that covered the Black Bay (1114ha), Lorado (643ha) and Gulch (1996ha) uranium projects. 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.
At the Gulch Project, the regional Black Bay Fault, one of the main controlling structures for uranium mineralization in the Beaverlodge camp, is clearly defined along a break between anomalous high conductivity to the east and low conductivity to the west (Figure 1). The Calculated Vertical Gradient (CVG) of the magnetic data defines the Black Fault as an area with a high magnetic trend with offsets and splays possibly indicative of a favorable structural environment (Figure 2). A similar correlation is shown at the Lorado Project, with the Lorado Mine - Pitchie trend occurring along a coincident conductivity and magnetic high. Uranium mineralization at the Black Bay project occurs along the flanks of a pronounced magnetic high.
