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Drill Results

Xcite Expand Uranium City Uranium Projects

By The Northwire Desk — AI Analysis Feb 19, 2026 · 07:01 XRI · 0.11 Xcite Resources Inc.
XRI · Price

Executive Summary

  • Eagle Plains acquired seven new dispositions in the Uranium City area, expanding the Don Lake‑Smitty projects to a contiguous 4,055 ha (an additional 2,649 ha) and adding 1,578 ha to the Beaver River project.
  • The newly added tenures contain 14 historic SMDI uranium occurrences, including the former Beta Gamma mine and multiple high‑grade drill intercepts (e.g., 3.2% U₃O₈ over 0.37 m at West Uranium Showing).
  • Eagle Plains has applied for Class 2 Exploration Permits and received final airborne VTEM Plus geophysical data (697 line‑km) to refine drill targets across the expanded portfolio.

Key Details

  • Land Expansion:
  • Don Lake‑Smitty area now totals 4,055 ha after adding 2,649 ha of claims.

  • Beaver River project increased to 3,033 ha with an additional 1,578 ha.

  • Exploration Agreement: Formal agreement between Eagle Plains and the Ya'thi Néné Lands and Resource Office (representing local First Nations and settlements).

  • Historic Occurrences Included (14 SMDI sites):

  • Beta Gamma Mine (SMDI 1394): Past production; historic grades 0.22‑0.77% U₃O₈; recent grab samples up to 0.77% U₃O₈.
  • Tobe Mines Uranium Occurrence 26‑1 (SMDI 1476): Best drill intercept 0.07% U₃O₈ over 0.9 m (DDH 26‑107).
  • West Uranium Showing (SMDI 1398): 3.2% U₃O₈ over 37 cm from diamond drilling; historic chip samples up to 4.3% U₃O₈.
  • Radiometric Anomaly No. 86 (SMDI 2113): Grab samples up to 1.89% U₃O₈.

  • Aurora Yellowknife Uranium Showing (SMDI 1411): Grab samples ranging 0.01‑18.20% U₃O₈.

  • Permitting: Applications submitted to Saskatchewan Ministry of Environment for Class 2 Exploration Permits covering ground‑based geophysics, temporary camps, and diamond drilling.

  • Geophysical Survey: Completed 2025 VTEM Plus airborne survey (697 line‑km). Data delivered to Condor Consulting Inc. for modelling; will guide drill target refinement and ground truthing.

  • Historical Context: The Beaverlodge District produced ~70.25 M lbs U₃O₈ (1950‑1982) at average 0.23% grade; limited recent uranium exploration in the area.

  • Qualified Person: Technical information reviewed by C.C. Downie, P.Geo., director/officer of Eagle Plains (NI 43‑101).

Notable Quotes

“The inclusion of these dispositions significantly expands our contiguous land package and positions us to pursue high‑grade uranium discoveries in a historically prolific district.” – Jean‑François Meilleur, CEO, Xcite Resources Inc.

Read the original news release →

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