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CanAlaska Assays Return 25.4% U3O8 at West McArthur
New Assays Confirm High-Grade Uranium in Several Drill Holes from Summer Program and Continui...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Assays Return 25.4% U3O8 at West McArthurNew Assays Confirm High-Grade Uranium in Several Drill Holes from Summer Program and Continuity of DiscoveryAdditional Highlights Include 3.98% U3O8 over 2.3 metres and 0.84% U3O8 over 5.0 metresJoint Venture Approves $10 Million Program and Budget for 2023Vancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (\"CanAlaska or the \"Company\") is pleased to announce that it has received assay results from the remaining drillholes completed during the 2022 program at the West McArthur project in the Athabasca Basin (Figure 1). The new geochemical assay results indicate multiple high-grade intersections over a 12.6 metre wide zone in WMA072-3, highlighted by 3.98% U3O8 over 2.3 metres from 845.9 to 848.2 metres, which contains a sub-interval of 25.40% U3O8 over 0.3 metres from 846.4 to 846.7 metres. Additionally, WMA070 returned 0.84% U3O8 over 5.0 metres from 808.5 to 813.5 metres. These new results complement the previously reported high-grade intersection of 2.4% U3O8 over 9.0 metres in WMA067 and provide a compelling target where the mineralized structure intersects the unconformity. The West McArthur project, a Joint Venture with Cameco Corporation, is operated by CanAlaska who currently holds a 79.3% ownership in the project.Figure 1 – West McArthur Property Location Map To view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/2864/144433_3a953295345ebae7_002full.jpgThe Company recently completed its drill program on the West McArthur project (see press release dated September 29th, 2022). The majority of the drill program was focused on high-grade basement-hosted uranium mineralization discovered in drillhole WMA067 (see press release dated July 15th, 2022). WMA067 is located 6 kilometres along strike on the C10 South (C10S) conductive corridor and southwest of the Company's 42 Zone mineralization. As part of the discovery follow-up, eight drill tests were completed on the same fence or along strike of the WMA067 discovery hole. High-grade uranium mineralization has now been confirmed by assay in four drillholes in the discovery area at various elevations throughout the 40 to 50 metre wide graphitic horizon (Figure 2). Figure 2 – Drill Hole Locatio...