Xcite Uranium Inc. has intersected multiple intervals of anomalous radioactivity in the first three diamond drill holes completed at the Don Lake Uranium Project in Saskatchewan, highlighted by a peak handheld scintillometer reading of 51,978 counts per second.

The initial three holes, all completed within the A Zone area across a total depth of 96 to 111 metres, returned multiple radioactive intervals associated with strongly silica-feldspar, hematite, and chlorite-altered gabbroic gneiss. Hole DN26001 intersected 1.9 metres up to 27,474 cps from 54.93 metres and 0.9 metres up to 34,254 cps from 61.43 metres. Hole DN26002 returned 2.7 metres up to 33,940 cps from 31.13 metres, while hole DN26003 intersected 1.2 metres up to 10,320 cps from 38.53 metres.

The ongoing 1,500-metre program entails 14 diamond drill holes across six pad locations, designed to test for structurally controlled uranium mineralization west of the Black Bay Fault and north of the Townsend Fault. The work follows a 2025 VTEM Plus airborne geophysical survey and advanced interpretation by Condor Consulting that prioritized the Don and Midas target areas.

Xcite holds the Don Lake Project under an option agreement with Eagle Plains Resources, securing the exclusive right to earn up to an 80% interest in six uranium projects in the Uranium City region. The company allocated $900,000 of the project's $1.1 million approved 2026 budget toward the current drilling campaign, backed by $6.85 million in gross proceeds raised through private placements completed in late 2025. Nearby, other operators are actively advancing exploration in the district, including a 5,000-metre diamond drilling program commenced in June 2026 by Manhattan Uranium Discovery Corp. and Fortune Bay Corp. at the Murmac uranium project.

“Intersecting this level of near-surface anomalous radioactivity in the first three holes of the 2026 drill program demonstrates the prospectivity and underexplored nature of the Don Lake Uranium Project. We believe that our meticulous targeting approach, combined with our Uranium City summer work program, will unlock the entire Beaverlodge district's potential”

— Jean-Francois Meilleur, President and CEO of Xcite Uranium

All drill depths and intervals are reported as downhole measurements, and true thicknesses cannot yet be determined. Geochemical assays for the core samples remain pending.

Read the full announcement: Xcite Uranium Reports Anomalous Radioactivity up to 51978 cps from First Drillholes at Don Lake Uranium Project, Saskatchewan