en.Wedoany.com Reported - Xcite Uranium Inc. has approved the 2026 exploration program and mobilized an exploration team to conduct field work at the Uranium City project in northern Saskatchewan, Canada. The 2026 field program marks the first field operation since Xcite acquired the option for the project, with a focus on identifying targets for autumn diamond drilling through multiple survey methods.
Ground surveys will include geological mapping, prospecting, scintillometer measurements, and soil geochemical surveys. LiDAR, photogrammetry, and drone magnetic surveys will guide the field team in near real-time to locate historical workings and geological structures of interest. The company has contracted RadonEx to conduct soil and water radon surveys over key structures identified by recent electromagnetic and magnetic surveys, particularly in low-relief areas, to prioritize detailed drilling targets along geophysical linear features of interest.
Geophysical surveys include airborne radiometric measurements, which should be highly effective given the high degree of bedrock exposure in the Uranium City area. Ground gravity surveys will be integrated with VTEM+ magnetic results to prioritize drilling locations along inferred fault systems, thereby indirectly locating hydrothermal alteration units that may have contributed to uranium mineralization. The approved budget for the 2026 field work is CAD 1.6 million.
Eagle Plains has obtained permits from the Saskatchewan Ministry of Environment for exploration activities at the Uranium City project, including temporary work camps, diamond drilling, access trail clearing, field prospecting, and line-cutting geophysical exploration. The Uranium City project is covered by a formal exploration agreement between Eagle Plains and the Ya'thi Néné Land and Resources Office, which represents the Athabasca Denesuline First Nations (including Hatchet Lake, Black Lake, and Fond du Lac), the Northern Hamlet of Stony Rapids, and the Northern Settlements of Uranium City, Wollaston Lake, and Camsell Portage.
The Beaver River, Black Bay, Don Lake, Gulch, Lorado, and Smitty projects are located in the Beaverlodge mining district near Uranium City in the Athabasca Lake region of Saskatchewan. The Uranium City area is rich in uranium mineralization and has been explored and documented since the 1940s. The Beaverlodge camp was Canada's first uranium production site, with historical production of approximately 70.25 million pounds of U3O8 between 1950 and 1982 at an average grade of 0.23% U3O8. Since the early 1990s, uranium exploration activity in the area has been limited. The Uranium City area projects have potential for Beaverlodge-type basement uranium mineralization and basement-type uranium mineralization, characterized by exposed northeast-southwest trending structural rock groups, electromagnetic conductors confirmed as graphite-rich pelitic rocks located within or near major fault zones, anomalous uranium geochemistry and radioactivity associated with graphitic faults, and compelling project-scale evidence of hydrothermal alteration. Uranium mineralization is accompanied by elevated levels of indicator elements. These factors, combined with the presence of significant uranium resources in both basement rocks and Athabasca Basin cover rocks, indicate potential for economically viable uranium mineralization within the projects, and the mineralization, structures, and alteration identified in the claims are strong indicators of nearby uranium mineralization sources.
The above results are directly taken from SMDI descriptions and assessment reports submitted to the Saskatchewan government. Management cautions that historical results were collected and reported by previous operators and have not been verified or confirmed by a qualified person, but they form the basis for ongoing work on the relevant claims. Past results or discoveries on adjacent lands do not necessarily indicate results that may be achieved on the target claims.
Charles C. Downie, P.Geo., a qualified person as defined by National Instrument 43-101 and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.
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