George Lake Project

The 6165 ha George Lake Property is host to the historical, sediment-hosted, George Lake Deposit.  The mineralized horizon is stratigraphically controlled, sub-vertical, and mineralization is zinc and lead dominant.  Step-out drilling by Eagle Plains in 2026 has defined mineralization to a vertical depth of >400m from surface. Mineralization remains open along strike and to depth.

The property is located 280 km northeast of La Ronge, Saskatchewan and is accessible by a newly constructed, all-season road. The George Lake Property dispositions are 100% owned by Eagle Plains with a 2% NSR held by Summit Royalties containing a 1% buy-back clause in favor or Eagle Plains for $1,000,000. This area qualifies for the Targeted Mineral Exploration Incentive (TMEI) program offered by the Government of Saskatchewan.

Project Highlights

• Host to the historically defined George Lake Deposit (SMDI 0663); 
• Deposit is a predictably mineralized sandstone horizon dominated by zinc and lead with accessory silver, gallium and germanium;
• 2008 Drill hole (DDH GL08-02) returned 47.8m grading 4.03% Zn and 0.44% Pb (including 8.0m grading 6.96% Zn and 01.42% Pb) (SMAF 64E05 0033);
• Mineralization at the George Lake Deposit comes to surface, is subvertical, and has approximate dimensions of 35m wide, 610m long, 400m deep, and remains open to depth and along strike;
• Significant potential to extend known mineralization and discover new zones along prospective stratigraphy;
• Cost effective, year-round exploration possible due to proximity to existing infrastructure. 

Geology

The George Lake property is found in the Wollaston domain, and comprises greenschist-amphibolite facies metasedimentary and minor metavolcanic rocks of the middle Paleoproterozoic Wollaston Supergroup. The Wollaston domain is bounded to the southeast by late Archean gneisses of the Peter Lake domain, which are locally unconformably overlain by the Wollaston Supergroup. To the northwest, the Wollaston domain is transitional to the Mudjatik domain comprising Archean gneiss. Both the Wollaston and Mudjatik domains are unconformably overlain by the Athabasca basin, a late Paleoproterozoic clastic sedimentary basin.

Metasedimentary rocks in the southeast Wollaston domain host several significant base metal occurrences. In the George Lake area, SEDEX-type Pb-Zn-Ag mineralization is found in quartzite and meta-argillite of the Souter Lake group and Spence Lake formation, respectively. Mineralization in the Souter Lake group occurs as stratabound, disseminated sulfides comprising pyrite, pyrrhotite, sphalerite, and galena in a white and grey quartzite. Mineralization in the Spence Lake formation occurs as stratiform disseminated pyrrhotite, pyrite, sphalerite, and galena, and as vein-hosted arsenopyrite, pyrite, pyrrhotite, and subordinate sphalerite and galena. 

The George Lake property is on the southeastern edge of the Wollaston domain in the Compulsion River fold belt. Rocks underlying the George Lake property comprise greenschist to amphibolite metasedimentary sequences of Wollaston Supergroup. Metamorphic grade generally increases to the northwest, where rocks of the Marginal Pelite unit are amphibolite facies and primary fabrics are obscured. Primary structures are preserved in the lower grade rocks occupying most of the property area. Bedding is very steeply dipping to vertical and locally overturned on the northwest limb of the Spence Lake Synform. Rapid thickening and facies changes in sedimentary units suggests syndepositional faulting on north-south trending faults.

The dominant structural grain of the property is a steeply northwest dipping foliation, axial planar to the Spence Lake Synform. This fabric has been weakly overprinted by conjugate northeast and southwest plunging folds. A late north-south trending sinistral fault zone cuts all units and displaces lithologic contacts in the southwestern portion of the property area.

Mineral occurrences on the George Lake Property include stratabound, disseminated sphalerite and galena, and vein-hosted arsenopyrite, sphalerite, and galena, interpreted as SEDEX-type mineralization. Stratabound Pb-Zn-Ag-mineralization is predominantly found disseminated in quartzite of the upper Souter Lake group near the contact with the overlying meta-argillite. The Spence Lake Formation also hosts stratabound Pb-Zn-Ag mineralization, but at lower grades. Vein-hosted arsenopyrite, galena, and sphalerite are predominantly found as blebs in quartz-veins hosted in meta-argillite of the Spence Lake formation, as well as disseminated grains in the host rock. Non-visible silver is associated with both mineralization styles in the George Lake property.

History

Reconnaissance exploration in the George Lake area began in 1965 with a geophysical aeromagnetic survey followed up with mapping and prospecting. Sphalerite- and galena-bearing quartzite boulder trains were discovered at the southwest end of George Lake extending 15 km southwest and 40 km northeast of George Lake. Two sphalerite bearing outcrops were discovered at the south end of George Lake and 18 trenches excavated but thick overburden prevented significant exposure of bedrock. 2 diamond drill holes (112m) did not intersect any mineralization.

In the summer of 1965 Falconbridge Nickel Mines Ltd. staked George Lake and surrounding area and in 1966 completed mapping, ground geophysics, soil geochemistry. Four diamond drill holes (894m) were completed to test magnetic geophysical anomalies and interpreted the source to be minor pyrrhotite- and pyrite-bearing meta-argillite and quartzite and garnet biotite schist. Mineralization was discovered in the fall of 1966. In 1967, further geologic mapping, soil surveys, and ground magnetic surveys completed coverage of the area and helped trace stratigraphic contacts covered by overburden.

From 1969-1970, Compulsion River Mines Ltd. drilled 34 holes (5127m) to delineate the George Lake deposit over a strike length of approximately 15 km. Most drill holes intersected mineralization at 45–60m vertical depth, while 3 deeper holes extended mineralization to below 150m. A resource was approximated to be 5 million tonnes grading 2.65% Zn and 0.38% Pb (1% Zn cutoff), including a high-grade zone containing 2.9 million tonnes grading 3.67% Zn and 0.53% Pb (2% Zn cutoff) (SMDI 0663).

In 1977 the government of Saskatchewan produced a geologic map of the area.

In 1980 and 1981, Pressuag Canada and Saskatchewan Mining and Development Corporation (SMDC) explored the George Lake area for stratabound base-metal mineralization. Work included lake sediment, soil, and glacial till geochemical surveys, geological mapping, and magnetic/EM geophysical surveys. In 1983/4 the SMDC conducted geologic mapping, soil geochemical surveys, and magnetic/VLF-EM geophysical surveys noting the potential for base metal mineralization in the area.

In 1986, Esso Minerals Canada conducted preliminary lithogeochemical sampling, airborne magnetic and EM geophysical surveys in the George Lake area. Ground geochemical and geophysics surveys were conducted over target areas in 1987 and 1988 followed by 5 diamond drill holes (527m) which intersected iron formation and Zn-enriched strata. Later that year an Esso/Bow Valley Industries JV conducted soil geochemical surveys and reinterpreted the airborne geophysics. 12 diamond drill holes (1471m) were completed intersecting subeconomic base-metal mineralization at several targets.

In 1990, Falconbridge flew EM, VLF-EM, and magnetic geophysical surveys that covered the George Lake deposit. Drill core from 1965-1970 was also relogged and resampled for multielement geochemical analysis.

In 1992, Noranda Exploration and Mining Company conducted a genie-EM geophysical survey along a slate horizon which traced a stratigraphic boundary beneath thick overburden. Two diamond drill holes (301m) tested the lower stratigraphy of the Souter Lake formation and did not intersect any significant mineralization.

From 1995-1998, Far West Mining completed bulk till and soil geochemical sampling across a very large area including the George Lake property. A Zn-anomaly was identified on the north shore of George Lake.

In 2002, Odaat identified a zone of elevated magnetics over the deposit location. Southwestward shifts in the magnetic anomalies were interpreted as potential faults and additional magnetic geophysical surveys were recommended.

In 2008, Golden Arch Resources drilled 6 holes (1706m) along the main George Lake deposit showing. Drill core data correlated very well with previous drill results and identified a notable Ag-resource that was previously undescribed.

Eagle Plains Exploration

In 2023 Eagle Plains Resources compiled the available data for the George Lake area and found that mineralization on the property occurs as low grade (<5% Pb or Zn) stratabound disseminated pyrrhotite, pyrite, sphalerite, galena, arsenopyrite, and non-visible silver in quartzite, meta-argillite, and quartz vein hosts. Mineralization in both the Souter Lake and Spence Lake formations is genetically linked to deposition of iron formation in the upper Spence Lake Formation. Metalliferous fluids migrating along a syndepositional fault zone percolated out into the permeable Souter Lake quartzite and precipitated sphalerite, pyrrhotite, pyrite, and minor galena below an impermeable argillitic cap rock. Metalliferous fluids exhaled at the surface deposited Pb-Zn bearing iron formation and stratiform sphalerite and galena in the upper Spence Lake formation. Concordant quartz veins host higher concentrations of Pb-Zn-Ag, suggesting connections to hydrothermal feeder zones. Sphalerite- and galena-bearing mineralized hairline fractures indicate deformation and metamorphism occurred after deposition of the sulfides and also remobilized sulfides. There are two areas prospective for significant mineralization.

In February 2026 Eagle Plains completed it’s first drill testing of the property with a three hole, 1591m program.  The work consisted of significant down-dip, step-out holes and was successful in confirming the continuity of mineralization in all three holes up to >400m depth.  (See May 07, 2026 News Release) 

Future Work

Future exploration work should focus on SEDEX-type Pb-Zn-Ag mineralization in the sandstone-hosted Souter Lake and shale-hosted Spence Lake formations. Sandstone-hosted mineralization in the Souter Lake formation has proven to be more prospective than shale-hosted mineralization in the Spence Lake formation. However, mineralized quartz veins in the Spence Lake formation are of significant interest.

SEDEX exploration should focus on coincident NE-SW trending EM and magnetic anomalies. Sedimentary bedding is steeply dipping, trending NE-SW, therefore stratabound SEDEX mineralization will mirror this attitude.

Along-strike continuation of Pb-Zn-Ag mineralization in the Souter Lake and Spence Lake formations are the primary exploration targets. Mineralization in this formation has been shown to extend at least 8 km along strike with potential high-grade zones locally developed and spatially restricted. In the Spence Lake formation, concordant quartz veins yield the highest concentrations of Pb-Zn-Ag and may be connected to hydrothermal feeder zones. Syndepositional fault zones in the Souter Lake and Spence Lake formations likely operated as hydrothermal fluid conduits, forming feeder zones that could host high-grade Pb-Zn-Ag mineralization.

Magnetic highs and EM conductors northeast and southwest of the George Lake deposit are poorly explored. Their position immediately above the quartzite–meta-argilite mimics the geophysical anomaly of the George Lake deposit and warrant additional investigation.

In the far southwest of the property, a localized magnetic and EM anomaly overlying the Spence Lake formation is an attractive, undrilled target. This anomaly is located along-strike of proven mineralization and warrants investigation.

In the far northeast corner of the property, a magnetic and EM anomaly are associated with iron formation of the Spence Lake formation. Iron-exhalites may be genetically linked to SEDEX-type mineralization and are worth further investigation.

Recommended exploration work for the George Lake Property includes data compilation of diamond drill hole logs, drill core geochemistry, and soil/rock geochemistry. This will help to identify exploratory gaps and identify target areas that would benefit from modern exploration techniques. Field work should include soil sampling, airborne and ground based time-domain EM & magnetic surveys, and diamond drilling.

Modelling of drill core data to constrain subsurface geology and mineralization attitudes including  delineation of the George Lake deposit and identification of new targets.

Improve delineation of geochemical anomalies with modern analytical precision and targeted sampling. Soil sampling below the upper boundaries of the Souter Lake and Spence Lake formations to better resolve geochemical anomalies and indicate exploration targets when coincident with geophysical anomalies. Conduct soil sampling along-strike to the northeast of the George Lake deposit, a zone with relatively little historical exploration work.

Coincident EM conductors and magnetic highs are proven targets associated with stratabound sulfide mineralization in the George Lake area. EM and magnetic geophysical surveys to delineating the location and trend of sulfide-bearing layers along the upper boundary of the Souter Lake group and within the Spence Lake Formation which have been proven to host significant SEDEX-style Pb-Zn-Ag mineralization. Modern geophysics will better model and derive more detailed interpretations of anomalies.

The high-grade (>5% Zn) core of the George Lake deposit plunges shallowly to the east and should be further investigated with diamond drilling to determine its spatial relationship to the stratabound deposit.

Iron formation at the top of the Spence Lake formation in the northeast corner of the property is an unexplored area of the property. Ore genesis models of the George Lake deposit suggest deposition of the iron formation is genetically related to stratabound Pb-Zn-Ag mineralization, and therefore may be a base-metal host. Investigation of the iron formation may indicate the source of metalliferous fluids with the potential for high-grade mineralization.

Eagle Plains - A Project Generator

Eagle Plains Resources is a project generator with several mineral exploration properties of merit that meet qualifying transaction requirements.  We facilitate the listing process for capital pool companies and initial public offerings while providing technical expertise for exploration programs.  Companies interested in co-operatively exploring any of our projects please contact: Chuck Downie at ccd@eagleplains.com or Andrew Wilson at abw@eagleplains.com or call 1 866 Hunt Ore (486 8673).

Updated May 7, 2026