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CanAlaska Announces Mobilization To Moon Lake South For Drill Program
Program is Focused on Testing Extensions of New High-Grade Uranium Mineralization Two Drill P...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Announces Mobilization To Moon Lake South For Drill ProgramProgram is Focused on Testing Extensions of New High-Grade Uranium Mineralization Two Drill Program Continues at Pike Zone Discovery on West McArthur JV ProjectVancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") is pleased to announce mobilization of the crews for a supplemental exploration drilling program by the Moon Lake South Joint Venture (\"MLSJV\") at its Moon Lake South project (the \"Project\"). The Company recently reported the MLSJV doubled the 2023 exploration budget with the addition of this supplemental drill program focussed on testing for extensions of high-grade uranium mineralization intersected during the winter program. Geochemical assay results from the winter drill program's MS-23-10A returned a high-grade intersection of 2.46% U3O8 over 8.0 metres, including 3.71% U3O8 over 4.5 metres. The MLSJV is 75%-owned and operated by Denison Mines Corp. (\"Denison\"), and CanAlaska holds a 25% ownership (Figure 1). CanAlaska is funding the Company's share of the 2023 exploration programs.Figure 1 – Moon Lake South Project Location MapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/181042_5ae897fd3422c95d_002full.jpgThe supplemental drill program is expected to consist of 4 to 8 drillholes for a total of up to 4,400 metres. The program will focus on testing the northeast strike extension of the high-grade perched uranium mineralization intersected in MS-23-10A. Drill hole MS-23-10A intersected 2.46% U3O8 over 8.0 metres, including 3.71% U3O8 over 4.5 metres, approximately 30 metres above the unconformity (Figure 2). The mineralization in MS-23-10A represents the highest-grade mineralized intersection drilled to date along the CR-3 conductor on the Moon Lake South project. Given the limited number of drill holes completed on the project to date, the mineralization discovered in MS-23-10A remains open in multiple directions. The winter exploration program results, combined with previous drill programs, have confirmed uranium mineralization in multiple zones over a strike length of four kilometres along the CR-3 target corridor. The high-grade mineralization remains open ...