Xcite Resources and partner Eagle Plains Resources announce the commencement of a 697 line-km helicopter-borne VTEM Plus geophysical survey across all six Uranium City projects.
Vancouver, British Columbia, November 5, 2025 – Xcite Resources Inc. (CSE: XRI) and partner Eagle Plains Resources Ltd. (TSX-V: EPL) announced the beginning of airborne geophysical survey work on six Uranium City Projects. The survey equipment has been mobilized to commence geophysical survey operations on Beaver River, Black Bay, Don Lake, Gulch, Lorado and Smitty Projects.
Geotech Airborne Geophysical Surveys has been contracted to complete 697 line-km of helicopter-borne surveying using Geotech’s proprietary VTEM Plus system, distributed across the six projects. Data collection will include infill lines in areas with historical coverage, as well as surveying extensions into new areas.
Exploration Potential
The Uranium City area projects demonstrate potential for both Beaverlodge-style and basement-hosted uranium mineralization. Key features include:
- Northeast-southwest-trending tectonic fabric
- Electromagnetic conductors confirmed as graphite-rich pelites within major faults
- Anomalous uranium geochemistry and radioactivity associated with graphitic faults
- Property-wide evidence for hydrothermal alteration
- Uranium mineralization with corresponding elevations in pathfinder elements
These factors, combined with substantial uranium endowment in basement rocks and Athabasca basin cover rocks, indicate strong potential for economic uranium mineralization within the projects.
About the Beaverlodge District
The Don Lake, Black Bay, Gulch, and Smitty projects are located in the Beaverlodge District near Uranium City in Saskatchewan’s Lake Athabasca region. The Beaverlodge camp was Canada’s first uranium producer, generating historic production of approximately 70.25 million pounds of U₃O₈ between 1950–1982, with ore grades averaging 0.23% U₃O₈. The Beaverlodge area has seen limited uranium-focused exploration since the early 1990s.
Beaverlodge-style uranium deposits host structurally-controlled, high-grade mineralization in veins and breccia-fills within basement rocks, with mineralization often occurring at geological contacts consisting of structures filled with hematite, chlorite and graphite associated with pitchblende.
Technical information has been reviewed and approved by C.C. Downie, P.Geo., director and officer of Eagle Plains, identified as the Qualified Person under N.I. 43-101.