Xcite Uranium begins 1,300-meter drill program at Black Bay uranium project in Saskatchewan
Bitget2026/10/05 08:00Xcite Resources started diamond drilling at the past-producing Black Bay uranium mine in Saskatchewan, targeting near-surface and basement-hosted mineralization. The program totals 1,300 meters across six holes; a second drill rig was added to speed completion. Budget for 2026 work totals about $1.1 million, including $975,000 earmarked for drilling. Historic production totaled about 1,375 tons grading 0.17% U3O8; recent trench sampling returned up to 1.17% U3O8. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xcite Resources Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202610050400CANADANWCANADAPR_C0437) on October 05, 2026, and is solely responsible for the information contained therein.
- Xcite Resources started diamond drilling at the past-producing Black Bay uranium mine in Saskatchewan, targeting near-surface and basement-hosted mineralization.
- The program totals 1,300 meters across six holes; a second drill rig was added to speed completion.
- Budget for 2026 work totals about $1.1 million, including $975,000 earmarked for drilling.
- Historic production totaled about 1,375 tons grading 0.17% U3O8; recent trench sampling returned up to 1.17% U3O8.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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