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CanAlaska Identifies New Targets in NE Athabasca
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - CanAlaska Uranium Ltd. (TSXV: ...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Identifies New Targets in NE AthabascaCoincident EM \"Bright-Spots\" and Gravity Anomalies Define Shallow Targets Characteristic of Tier-1 Uranium Deposits; 1.41% U3O8 Found in Surface Sample Near Key Targets; New \"Crux Investor\" video update onlineVancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - 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 Watson Project, has identified two significant new uranium targets. The targets are outlined by coincident electromagnetic (EM) and gravity anomalies, one of which is closely associated with an altered surface rock sample containing 1.41% U3O8 (Figure 1). Coincident EM \"bright-spots\" and gravity anomalies are characteristics of the nearby Eagle Point and O2 Next uranium deposits. CanAlaska's Watson Lake project extends along the prolific Collins Bay fault system, host to the nearby Tier-1 Rabbit Lake, Collins Bay and Eagle Point uranium mines. Known Target Models:Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2864/56605_00814076e4364ba2_001full.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 U3O8. 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 interplay of this structural architecture results in open-space creation into which the typical Athabasca-style mineralizing processes occur. 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). Drilling of a gravity low anomaly led to discovery of NexGen's Arrow deposit.Watson Project Details:Figure 2To view an enhanced version of F...