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CanAlaska Confirms Uranium Mineralization of 0.27% U3O8 on Geikie Project
Assay Results Confirm Uranium Enrichment in Multiple Drillholes Falcon Airborne Gravity Survey...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Confirms Uranium Mineralization of 0.27% U3O8 on Geikie ProjectAssay Results Confirm Uranium Enrichment in Multiple DrillholesFalcon Airborne Gravity Survey Completed; Final Results PendingVancouver, British Columbia--(Newsfile Corp. - September 27, 2023) - 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 2023 exploration program on the Geikie project (the \"Project\") located near the Athabasca Basin margin (Figure 1). Assay results confirm uranium mineralization and enrichment associated with hydrothermal alteration and structure. The program is highlighted by 0.5 metres @ 0.27% U3O8 from 185.0 metres in drillhole GKI002. The program focused on a 15-kilometre-long northeast trending conductor system with high-priority structural targets. The Geikie project is approximately 10 kilometres east of the Athabasca Basin margin and 10 kilometres west of Highway 905. The 2023 drill program consisted of 2,217 metres in eight drill holes, representing CanAlaska's first drill holes on its 40%-owned Geikie project.Figure 1 – Geikie Project LocationTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/181983_9da46cd7e443ba25_002full.jpg2023 Drill Program Geochemical Assay ResultsAssay results from the 2023 drill program on the Geikie project confirm uranium mineralization in the Aero Lake target area, which is located at the southern end of the 15-kilometre-long conductor trend. GKI 002 intersected 0.27% U3O8 over 0.5 metres from 185.0 metres to 185.5 metres. In addition, GKI002 intersected hydrothermal alteration associated with large-scale reactivated fault zones.Figure 2 – Geikie Project Target Corridor LocationsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/181983_9da46cd7e443ba25_004full.jpgAssay results also confirm uranium enrichment in drillholes completed in the Preston Creek target area, located at the northeastern end of the 15-kilometre-long conductor trend. GKI005 intersected three intervals of uranium enrichment, most notably 0.06% U3O8 from 255.3 metres to 255.6 metres, associated with a sheared graphitic pelite (Table 1). GKI008 intersected two intervals of uranium enrichment, inc...