Xcite Resources Completes Fieldwork in Uranium City Area

Eagle Plains Resources Ltd. has announced that its partner, Xcite Resources Inc., has finalized fieldwork in the Uranium City area of Saskatchewan. The work was conducted on several projects, including Beaver River and Black Bay. Thirty-six field stations were established, with six samples undergoing geochemical analysis at ALS Laboratories.

The results indicate promising uranium mineralization on the properties, highlighting Beaverlodge-style and basement-hosted deposits. Factors such as northeast-southwest tectonic fabric and electromagnetic conductors suggest significant potential for economic uranium extraction.

Xcite's exploration works are part of an agreement allowing them to earn an 80% interest in several projects by fulfilling financial and share commitments to Eagle Plains. A joint venture will be formed upon completion, granting Eagle Plains a 20% carried interest.