Business
CanAlaska Identifies New Targets at Kingston Uranium Project
Historical Uranium Boulder Train Located Near Collins Bay Fault Electromagnetic and Gravit...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Identifies New Targets at Kingston Uranium ProjectHistorical Uranium Boulder Train Located Near Collins Bay FaultElectromagnetic and Gravity Anomalies Define Shallow Targets Along Major FaultsWest McArthur \"42 Zone\" Successfully Extended - Drilling ContinuesVancouver, British Columbia--(Newsfile Corp. - September 30, 2021) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") is pleased to announce that compilation work on the Company's newly acquired Kingston Project has identified several new uranium targets. The targets are outlined by coincident electromagnetic (EM) and gravity anomalies, and a uranium-rich boulder train located just down-ice from the Collins Bay Fault structure (Figure 1). Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2864/98071_e9dbae92c4eab9ea_001full.jpgFigure 2To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/2864/98071_e9dbae92c4eab9ea_002full.jpgThe Collins Bay Fault is host to the Rabbit Lake, Collins Bay A, B and D, and Eagle Point orebodies, which, since 1975, have produced more than 200 million pounds of uranium. The location of these deposits along the length of the Collins Bay Fault system is largely controlled by interaction of the main, regional dextral reverse fault with bends or flexures of the main structure, splay structures coming off the main structure, or interaction with cross-cutting structures. The Maguire Fault hosts the Maguire zone of alteration and uranium mineralization on CanAlaska's claims in northwest Manitoba. During the mineralizing event, the host-rock is altered to clay, which can be imaged by geophysical methods such as EM and gravity. The coupling of EM \"bright-spots\" with gravity lows is a possible indication of the clay alteration associated with these significant mineralizing events. EM \"bright-spots\" were successfully used to discover an extension of the Eagle Point orebody (02 Next deposit) and drilling of a gravity low anomaly led to discovery of NexGen's Arrow deposit, host to 337 million pounds of uranium resources.The Kingston project is strategically located less than 100 kilometres northeast of the northeastern margin of the present-day Athabasca Basin within the Western Wollaston Domain, just east of the...