Helicopter Assisted Exploration Sampling for Uranium Mineralization in Northern Saskatchewan

Don Lake Project

The 1671 ha Don Lake Project is located 4km NNE of Uranium City in northern Saskatchewan. Uranium City is located on the north shore of Lake Athabasca, 536km NNW of LaRonge and is accessible via scheduled flights from Saskatoon, Saskatchewan and charter aircraft from Fort McMurray, Alberta. All season road access is available to Stoney Rapids then a 175km seasonal ice road to Uranium City via Fon-du-Lac. Uranium City is endowed with services such as hospital, lodging accommodations, groceries, fuel and airport.

The Don Lake claims were acquired in 2023, have no underlying royalties or encumbrances and are accessible by road from Uranium City. A detailed compilation and interpretation of available data from historical work programs has begun and will lead to recommendations for future work and more information for this webpage.

      • Saskatchewan
      • Available for option: No
      • Uranium

Project Highlights

  • Drilling at Don Lake returned values of 10.7% U3O8 over 0.3m and 2.14% U3O8 over 0.67m from a sheared and brecciated granite
  • Mineralization occurs continuous over approximately 213m
  • Hosts Beaverlodge-style basement-hosted uranium mineralization
  • Property contains numerous uranium mineral occurrences
  • Excellent infrastructure – road-accessible from Uranium City
Athabasca Basin Map - June 2026

Summary

Uranium City Option Agreement

Under the terms of the agreements, Xcite Uranium Inc. may earn an 80% interest in each of the Beaver River, Black Bay, Don Lake, Gulch, Lorado, and Smitty projects by completing CDN$3,200,000 in exploration expenditures, issuing 750,000 common shares of Xcite and making cash payments to Eagle Plains of CDN$55,000 over four years, for an aggregate of CDN$19,200,000 in exploration expenditures, 4,500,000 shares and $330,000 in cash to Eagle Plains. Upon Xcite fulfilling the terms of any or all of the earn-in agreements, an 80/20 joint venture will be formed, with Eagle Plains retaining a carried interest in all expenditures until delivery by Xcite or its assigns of a bankable feasibility study. During the option earn in period, XRI will be appointed as operator, and EPL will manage the exploration programs under the direction of a joint technical committee. The projects are owned 100% by EPL, who will retain an underlying 2% NSR royalty on the each of the properties.

About the Beaverlodge Uranium District

The Beaver River, Black Bay, Don Lake, Gulch, Lorado, and Smitty projects are located in the Beaverlodge District near Uranium City in the Lake Athabasca region of Saskatchewan. Occurrences of uranium mineralization are abundant in the Uranium City area and have been explored and documented since the 1940s. The Beaverlodge camp was the first uranium producer in Canada, with historic production of approximately 70.25 million pounds of U3O8 between 1950-1982, from ore grades averaging 0.23% U3O8. The two largest producers were the Eldorado Beaverlodge (Ace-Fay-Verna) mine and the Gunnar uranium mine. The Beaverlodge area has seen limited uranium focused exploration since the early 1990’s.

The Uranium City area projects have potential for both Beaverlodge-style and basement-hosted uranium mineralization. 

Key features about the projects include:  

  • Outcropping, largely northeast-southwest-trending tectonic fabric;
  • Electromagnetic conductors that have been confirmed as graphite-rich pelites within or near major faults;
  • Anomalous uranium geochemistry and radioactivity associated with graphitic faults;
  • Compelling property-wide evidence for hydrothermal alteration;
  • Uranium mineralization with corresponding elevations in pathfinder elements.

These factors, along with the presence of a substantial uranium endowment in both basement rocks and Athabasca basin cover rocks, indicate excellent potential for economic uranium mineralization within the project. The mineralization, structures and alteration identified on the claims to date are strong indicators of the possibility of a nearby source for the uranium mineralization.

Eagle Plains’ management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.