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CanAlaska Announces New Uranium Discoveries on Moon Lake South JV
CanAlaska-Denison JV Intersects Two New Uranium Occurrences Within 5 km Long "CR3" Structural...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Announces New Uranium Discoveries on Moon Lake South JVCanAlaska-Denison JV Intersects Two New Uranium Occurrences Within 5 km Long \"CR3\" Structural Corridor, West of Gryphon and PhoenixHigh priority follow-up targets defined around unconformity offsets and alterationVancouver, British Columbia--(Newsfile Corp. - December 2, 2021) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") is pleased to announce joint venture drilling by (\"JV\") partner Denison Mines Corp. (\"Denison\") has intersected uranium mineralization in drillholes MS-21-02 and MS-21-06 at the Moon Lake South JV project. MS-21-02 intersected 0.14% eU3O8 over 0.2 metres above the unconformity and MS-21-06 intersected 0.12% eU3O8 over 0.2 metres below the unconformity. Denison operates the JV project, while CanAlaska, which maintains a 25% ownership in the project, is funding the Company's share of the 2021 exploration program. Moon Lake South Project - Project LocationTo view an enhanced version of this map, please visit:https://orders.newsfilecorp.com/files/2864/106217_1630cdf844320b6b_001full.jpgThe 2021 drilling program was focused on a 5-kilometre long conductive corridor known as the CR-3 conductor (Figure 2). This mineralized corridor is located approximately two kilometres west of the K-trend, host to the Gryphon Deposit on Denison's adjacent Wheeler River property. The 2021 drilling program consisted of 2,353 metres in four drillholes that successfully reached the target depth.In 2016, as part of the project option from CanAlaska, Denison drilled one diamond drillhole (MS-16-01) near the southern boundary of the Moon Lake South project. The drillhole identified the first new zone of mineralization on the CR3 corridor, with an intersection of fractured and friable sandstone with uranium mineralization immediately at the unconformity (0.1% U3O8 over 0.5 metres). Moon Lake South Project - CR3 Conductor DrillingTo view an enhanced version of this map, please visit:https://orders.newsfilecorp.com/files/2864/106217_1630cdf844320b6b_002full.jpgThe first drillhole of the 2021 program, MS-21-02, tested a further target on the CR3 conductor approximately 4 kilometres north of mineralized drillhole MS-16-01. This new drillhole intersected grey sooty pyrite alteration in the lower sandstone column associated ...