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CanAlaska Confirms High-Grade Uranium Mineralization in New Uranium Zone at West McArthur
Geochemical Assay Results Confirm Basement-Hosted Uranium Mineralization with 2.4% U 3 O ...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Confirms High-Grade Uranium Mineralization in New Uranium Zone at West McArthurGeochemical Assay Results Confirm Basement-Hosted Uranium Mineralization with 2.4% U3O8 over 9.0 metres High-Grade Interval Includes 3.5% U3O8 over 6.0 metres Summer Drill Program Continuing on West McArthur ProjectVancouver, British Columbia--(Newsfile Corp. - August 22, 2022) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (\"CanAlaska or the \"Company\") is pleased to announce it has received assay results from drill hole WMA067, the first drill hole into a new basement-hosted uranium discovery on the West McArthur project (Figure 1). Geochemical assay results indicate a high-grade intersection of 2.4% U3O8 over 9.0 metres from 906.5 m to 915.5 m, including a higher-grade interval of 3.5% U3O8 over 6.0 metres from 906.5 metres. The Company is continuing its drilling program at the West McArthur project as part of the $5 million 2022 program, focusing its effort on the expansion of this exciting new uranium discovery. The West McArthur project is operated by CanAlaska, which currently holds a 78.00% ownership in the project.Figure 1 – West McArthur Property Location MapTo view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/2864/134414_8e85a3dac44bd8a4_002full.jpgDrill hole WMA067 was designed to test a strong conductor anomaly identified during the 2022 winter geophysical program, 6 kilometres along strike to the southwest of the Company's 42 Zone mineralization (Figure 2). Figure 2 – WMA067 Drill Hole Location Relative to 2022 Geophysical Survey GridTo view an enhanced version of Figure 2, please visit:https://images.newsfilecorp.com/files/2864/134414_8e85a3dac44bd8a4_004full.jpgWMA067 penetrated 52.8 metres of overburden followed by Athabasca sandstone to 803.8 metres. The lower 80 metres of the sandstone column is strongly bleached with several fault zones containing limonite alteration and de-silicification. Two major metre-scale fault zones in the basal sandstone, the lowermost of which straddles the unconformity, are associated with strong clay, limonite, and strongly de-silicified core resulting in approximately 30% core recovery. The basement of WMA067 consists of a wide package of graphitic and non-graphitic pelitic metasedimentary rocks, explai...