13:03:47 EDT Mon 28 Sep 2026
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or Name
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Green Canada Uranium Corp
Symbol GCUC
Shares Issued 63,824,480
Close 2026-09-25 C$ 0.105
Market Cap C$ 6,701,570
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Green Canada hits radioactivity in first Marshall hole

2026-09-28 11:04 ET - News Release

Mr. Rick Mazur reports

GREEN CANADA DISCOVERS ANOMALOUS RADIOACTIVITY ON FIRST DRILLHOLE AT MARSHALL PROJECT, ATHABASCA BASIN

Green Canada Uranium Corp. has intersected six metres of anomalous radioactivity at the unconformity on its first drill hole at its 100-per-cent-owned Marshall property. The Marshall project is located 30 kilometres on trend to the southwest of Canalaska's West McArthur Pike zone discovery in the eastern Athabasca basin, Saskatchewan. The high-priority ground electromagnetic (EM) conductors identified in hole one is along an eight-kilometre-long circular airborne EM conductivity anomaly.

Marshall is in the vicinity of several large uranium deposits and processing facilities including Cameco's McArthur River mine, Key Lake mill and Millennium deposit, and Denison's Phoenix ISR and Gryphon underground development project.

Highlights

  • Anomalous radioactivity ranging from 100 counts per second up to 3,806 cps was intersected along fractures over a 6.2-metre interval from 719.3 metres to 725.5 metres of graphitic pelite.
  • The unconformity was intersected at 712 metres and the associated radioactive zone is within a reactivated brittle-ductile fault zone.
  • Patchy secondary hematite was observed in shear bands within the reactivated fault and proximal to the structure.

Rick Mazur, executive chairman, commented: "It is an extremely significant result to intersect uranium in the first drill hole on a grassroots project, albeit along a well-located trend with Canalaska's Pike zone discovery. This confirms that we are in a fertile structural trend with potential for a large unconformity-related uranium deposit."

Two parallel high-priority ground electromagnetic (EM) conductors were identified to the southeast of a conductivity low along an eight-kilometre-long circular airborne EM conductivity anomaly. MRL-001 was collared to intersect the southeasternmost conductor. Given the positive development from drill hole MRL-001, MRL-002 has been collared to intersect the other parallel conductor (Table 1) with a distance of 500 m from the first hole.

Please join the company for an introduction to the team of the newly listed Green Canada Uranium (TSX Venture Exchange: GCUC) and an update of its drill program in the Athabasca basin, Saskatchewan.

Date:  Monday, Sept. 28, 2026

Time:  9 a.m. Eastern Time

Presenter:  Richard J. Mazur, executive chairman

The information in this announcement relating to exploration results is based on information compiled or reviewed by Rhys Davies, a consultant to the company. Mr. Davies is a member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the activity which he is undertaking to qualify as a competent person as defined in the Joint Ore Reserves Committee 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and is a qualified person under the guidelines of the National Instrument 43-101. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

About Green Canada Uranium Corp.

Green Canada Uranium is a mineral resource company engaged in the acquisition, exploration and development of uranium properties in Canada. The company holds a portfolio of uranium properties in the Athabasca basin in Saskatchewan and the Otish basin in Quebec, including the flagship 100-per-cent-owned Marshall project in the eastern Athabasca basin, Saskatchewan.

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