- Ultra High-Grade Unconformity-Hosted Uranium Mineralization Is Within Zone of 9.30% eU3O8 over 16.2 metres
- Multiple Ultra High-Grade Uranium Intersections on Adjacent Section Confirm Pike Zone Extension; Target Remains Open
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQX: CVVUF; Frankfurt: DH7) (“CanAlaska” or the “Company”) is pleased to provide an update on the summer diamond drill program at the Pike Zone on the West McArthur Joint Venture project (the “Project”) in the eastern Athabasca Basin. Multiple drillholes, highlighted by WMA082-12 which intersected 9.30% eU3O8 over 16.2 metres, including 13.61% eU3O8 over 10.9 metres and WMA082-11 which intersected 4.77% eU3O8 over 25.9 metres, including 6.30% eU3O8 over 16.3 metres have confirmed high-grade unconformity-associated uranium mineralization along the first step out drill fence to the east. These drillholes, combined with previously reported WMA082-8 which intersected 6.87% eU3O8 over 16.9 metres, including 11.62% eU3O8 over 9.3 metres in the basement, indicate the potential for significant extensions of high-grade uranium mineralization at the Pike Zone. The West McArthur project, a Joint Venture with Cameco Corporation, is operated by CanAlaska that holds an 83.35% ownership in the Project (Figure 1). CanAlaska is sole-funding the 2024 West McArthur program, further increasing its majority ownership in the Project.
CanAlaska CEO, Cory Belyk, comments, “The continued intersection of ultra high-grade uranium mineralization at Pike Zone this summer is an amazing result for CanAlaska, our shareholders, and the Joint Venture. Unconformity mineralization is now repeatable along strike from the original discovery holes and remains open in all directions including within the basement rocks below the unconformity. The results of the summer program clearly indicate the tier 1 potential of the Pike Zone along what is fast becoming a very prolific uranium mineralizing corridor which already includes the high-grade Fox Lake uranium deposit. I look forward to announcement of further drill results from the summer program in the context of an improving uranium market and return of investor interest.”
Continue at CanAlaska Uranium
