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CanAlaska Announces Start of Drill Program at Waterbury East Uranium Project
Modern Airborne VTEM Survey Highlights New Target Areas Drill Program is Fully Partner-Funded ...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Announces Start of Drill Program at Waterbury East Uranium ProjectModern Airborne VTEM Survey Highlights New Target AreasDrill Program is Fully Partner-Funded Under an Option AgreementVancouver, British Columbia--(Newsfile Corp. - October 2, 2024) - Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) (\"CanAlaska\" or the \"Company\") is pleased to announce mobilization of drill crews and equipment as part of the 2024 drill program on the Waterbury East uranium project (the \"Project\"). The 2024 Waterbury East drill program will focus on newly developed high-resolution airborne geophysical targets in combination with direct follow up of historical drilling results. The Waterbury East Project is located in the northeastern Athabasca Basin 25 kilometres northeast of the Cigar Lake Mine (Figure 1). The Waterbury East project is currently being sole-funded by Bayridge Resources Corp. (CSE: BYRG) under an option agreement with the Company.Figure 1 – Waterbury East Project Location To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/225316_2892bf1cc4d47bb0_002full.jpg2024 Waterbury East Exploration ProgramThe planned 2,100 metre program will consist of 4 to 6 drill holes testing multiple targets. Target areas have been generated based on historical drill results combined with newly developed high-resolution airborne geophysical targets. The new airborne geophysical targets are from a recently completed helicopter-supported Versatile Time-Domain Electromagnetic (VTEM) survey on the Project which was designed to identify and prioritize basement conductors, characterize lithological and alteration features, map the structural setting of the project, and produce priority drill targets. VTEM interpretation by in3D Geoscience indicates that the historical drilling on the project may have been insufficient to intersect the conductive targets.Figure 2 – Waterbury East 2024 Drill Target Area To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/225316_2892bf1cc4d47bb0_004full.jpgCanAlaska CEO, Cory Belyk, comments, \"I am very pleased the Bayridge team is moving the Waterbury East project forward with drilling in 2024. Results from the recently completed VTEM survey highlight new targets that will be a focus in this...