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CanAlaska Confirms High-Grade Uranium Intersections from Winter Program at West McArthur Project
Assay Results Include 2.80% U 3 O 8 Over 2.6 Metres; Including Maximum Grade of 20.20% U...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Confirms High-Grade Uranium Intersections from Winter Program at West McArthur ProjectAssay Results Include 2.80% U3O8 Over 2.6 Metres; Including Maximum Grade of 20.20% U3O8Two Drill Summer 2023 Exploration Program Underway at Pike ZoneVancouver, British Columbia--(Newsfile Corp. - August 15, 2023) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") is pleased to announce mobilization of the crews for the summer exploration drilling program. The Company is also pleased to report that it has received assay results from the 2023 winter drill program at the West McArthur project (the \"Project\") in the Athabasca Basin (Figure 1). Geochemical assay results are highlighted by drill hole WMA079 which returned a high-grade intersection grading 2.80% U3O8 over 2.6 metres, including a sub-interval of 20.20% U3O8 over 0.3 metres. The assay results confirm uranium mineralization intersected in six of the nine drill holes completed during the winter program, including several intersections of unconformity-associated uranium mineralization at Pike Zone. The West McArthur project, a Joint Venture with Cameco Corporation, is operated by CanAlaska currently holding a 79.4% ownership in the project (Figure 1). CanAlaska is sole-funding the 2023 West McArthur program, further increasing its majority ownership in the Project.Figure 1 – West McArthur Project LocationTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/177231_9eb14ce274781aee_002full.jpg2023 West McArthur Winter Exploration Program HighlightsDuring the winter drill program, the Company focused on drill testing unconformity targets in the vicinity of the Pike Zone as well as continued definition of the high-grade basement mineralization. Each of the holes completed during the winter program intersected indicative alteration and structural disruption in the lower sandstone and basement related to faulting along the C10S conductor corridor, a structural bifurcation from the C10 corridor on the project. The C10 corridor is host to CanAlaska's nearby 42 Zone discovery, and Cameco and Orano's high-grade Fox Lake uranium deposit. During the winter drill program, the Pike Zone basement mineralization was expanded and remains open in all directions. Highlights from the basem...