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CanAlaska Uranium outlines 2010 exploration plans
CanAlaska Uranium outlines 2010 exploration plans
About this update from Cameco Corporation
[{"type":"text","content":"\n\n\n\nNov. 30, 2009 (Canada NewsWire Group) -- VANCOUVER, Nov. 30 /CNW/ -- CanAlaska Uranium Ltd. (TSX.V - CVV) (\"CanAlaska\" or the \"Company\") is pleased to provide an update of current and proposed exploration activities for 2009-2010 for its uranium exploration projects in the Athabasca Basin, Saskatchewan, Canada.2009 - $6.8 million Exploration UndertakenIn 2009, CanAlaska carried out $6.8 million of exploration in the Athabasca Region. Cdn$4.8 million was funded by CanAlaska's international strategic partners. This work involved initial drill tests on Grid No. 4 at the West McArthur project, optioned to Mitsubishi Development Pty. and the geophysical outline of uranium targets in four of five discrete areas in the middle of the Cree East project, joint-ventured with the Korean Consortium comprising Hanwha, KORES, KEPCO and SK Energy. Additional exploration was carried out with East Resource Inc. on the Poplar project, involving the participation of an evaluation team of six Chinese geologists working together with CanAlaska personnel.New 2009 Discovery at Fond Du LacCanAlaska's crews working on the Fond Du Lac project during the summer field season intercepted a new zone of uranium mineralization in basement rocks. The epithermal-style uranium mineralization hosted within breccias provided a long drill intersection of 40.4 metres, averaging 0.32% U(3)O(8), and was the most successful drill hole of the year (see September 22, 2009 News Release). Further drilling on this zone is planned for early in 2010.2010 - Over $15 million Budgeted ExplorationWest McArthur: $3.5 million Budget - 7 Planned Drill Holes----------------------------------------------------------In December, the Company will commence the first exploration work for the winter season. Geophysical crews will be carrying out fieldwork in preparation for a $3.5m drill program on the West McArthur project. The Company is particularly anxious to re-commence drill testing on the Grid 1-2 area of the project, which has been in hiatus for the past two years. Prior drilling by the Company in this area had intercepted trace uranium mineralization in three separate drill holes. The nature of the alteration associated with the drilling, as well as from the earlier geophysical surveys, indicated a number of discrete targets which have been the subject of intense review,...