Xcite Uranium commences a 900m, 3-hole diamond drilling program at the Gulch uranium project, Saskatchewan, and reports anomalous radioactivity up to 2281 cps from drilling completed at the Lorado uranium project.
Vancouver, British Columbia, September 28, 2026, Xcite Uranium Inc. (CSE:XRI) (“Xcite” or the “Company”) is pleased to announce the commencement of the diamond drilling program at the Gulch Project, Saskatchewan. The 900m, 3-hole program will test for uranium mineralization defined by both historical work and results from the 2025-2026 field programs.
The Gulch uranium project is located 20km south of Uranium City, Saskatchewan, and hosts near surface uranium mineralization as well as the past producing Gulch uranium mine. The projects are prospective for Beaverlodge style, basement hosted and unconformity hosted uranium mineralization.
Gulch Project Highlights
- 2026 rock sampling returned 1.6% U3O8, and 3.75% U3O8
- Four SMDI uranium occurrences
- Host to the past producing Gulch Uranium Mine
- Fault, breccia and vein hosted uranium mineralization associated with regional Black Bay Fault and basal Martin Group unconformity
- Last work in 2015 concluded that anomalous U mineralization was structurally controlled similar to the past-producing Gulch uranium mine and further work, including deeper drilling, was recommended for the property
- Numerous untested basement hosted unconformity style uranium mineralization targets
The approved 2026 budget for Gulch is approximately $1.1 million, consisting of $400,000 in fieldwork (completed) and $700,000 allocated for drilling. All work is managed by TerraLogic Exploration Inc.
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