Business
CanAlaska Assays Confirm Ultra High-Grade Uranium Mineralization at Pike Zone on West McArthur Joint Venture
Drillhole WMA082-11 Intersected 6.47% U 3 O 8 Over 25.8 Metres; Including 22.78% U 3 ...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Assays Confirm Ultra High-Grade Uranium Mineralization at Pike Zone on West McArthur Joint VentureDrillhole WMA082-11 Intersected 6.47% U3O8 Over 25.8 Metres; Including 22.78% U3O8 Over 4.0 MetresDrillhole WMA082-8 Intersected 7.63% U3O8 Over 16.2 Metres; Including 17.31% U3O8 Over 6.1 MetresMaximum Geochemical Assay Grade of 69.10% U3O8Saskatoon, Saskatchewan--(Newsfile Corp. - October 10, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) (\"CanAlaska\" or the \"Company\") is pleased to report that it has received assay results from some of the drillholes completed on the Pike Zone during the summer of 2024. Geochemical assay results confirm high-grade uranium intersections on L85E highlighted by a composited high-grade uranium intersection in WMA082-11 grading 6.47% U3O8 over 25.8 metres, including an ultra high-grade zone of 22.78% U3O8 over 4.0 metres, and WMA082-8 grading 7.63% U3O8 over 16.2 metres, including an ultra high-grade zone of 17.31% U3O8 over 6.1 metres. In addition, geochemical assay results confirm a high-grade composited uranium intersection on L70E in WMA082-7 grading 6.22% U3O8 over 11.4 metres, including 11.40% U3O8 over 5.6 metres. Figure 1 – West McArthur Project Location To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/226247_832821bb94899aa5_002full.jpgDrilling at the Pike Zone was completed as part of the 2024 exploration program on the West McArthur Joint Venture project (the \"Project\") in the eastern Athabasca Basin. The Project, a Joint Venture with Cameco Corporation, is operated by CanAlaska that holds an 83.35% ownership in the Project (Figure 1). CanAlaska is sole-funding the 2024 West McArthur program, further increasing its majority ownership in the Project.2024 Summer Drill ProgramFigure 2 – Pike Zone Plan With Drill Results To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/226247_832821bb94899aa5_003full.jpgThe summer drill program on the West McArthur project consisted of 15 unconformity tests split between Pike Zone expansion and extensional testing along the geophysical corridor. At the Pike Zone, 12 unconformity tests were completed, 11 of which contained uranium mineralization (Figure 2). The results of the summer drill program in...