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CanAlaska Adds To NE Wollaston Uranium Project
New claims staked extending 15km along Maguire and Collins Bay faults; Shallow depth uranium t...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Adds To NE Wollaston Uranium ProjectNew claims staked extending 15km along Maguire and Collins Bay faults; Shallow depth uranium targets anticipated along these fault corridors and associated conductor trends; Surface samples up to 0.629% U3O8 in historic work near high uranium values in lake sedimentsVancouver, British Columbia--(Newsfile Corp. - October 13, 2020) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") is pleased to announce that it has staked 9,540 hectares of land (36.8 square miles) in two large blocks in the Eastern Athabasca. The new claims focus on the southwest extension of the Maguire regional fault that identified on CanAlaska's NW Manitoba project and the subparallel northeast interpretation of the Collins Bay Fault system. The Maguire Fault is a regional structure like the Collins Bay Fault, host to the nearby Collins Bay-Eagle Point uranium deposits (Figure 1). Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2864/65683_18c8f87154e51a61_001full.jpgThe target area follows the Maguire and Collins Bay fault corridors with its associated electromagnetic (EM) conductor and magnetic anomalies. Historic prospecting in the area located uranium mineralization in surface showings and hematite-altered boulders.CanAlaska's NE Wollaston project is an extensive landholding that extends along the prolific Collins Bay fault system, which is host to the nearby Tier-1 Rabbit Lake, Collins Bay and Eagle Point uranium mines. The project area now includes the southwestern extension of the mineralized Maguire Fault system, with its associated widespread uranium mineralization, which has been outlined by CanAlaska's previous work on the NW Manitoba project.Known Target Models:Figure 2To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/2864/65683_18c8f87154e51a61_002full.jpgThe Collins Bay Fault is host to the Rabbit Lake, Collins Bay A, B and D, and Eagle Point orebodies which, since 1975, have produced more than 200 million pounds of U3O8. The Collins Bay Fault mineralization is largely controlled by interaction of the main, regional dextral reverse fault with bends or flexures of the main structure, splay structures coming off the main structure, or interaction with local and re...