Xcite Uranium (XRI.CN) started its first diamond drilling program at the Don Lake project near Uranium City, Saskatchewan, it said on Thursday.
The company plans to test for structurally-controlled uranium mineralization defined by both historical work and results from the 2025-2026 field programs.
The program will consist of 1500 meters of diamond drilling, with 14 holes from six different pad locations, it said.
Shares of the company closed unchanged at C$0.16 on Wednesday on the Canadian Securities Exchange.