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CanAlaska Reports Higher Grades of Unconformity Uranium Mineralization at Moon Lake South
Assay Results Return 2.46% U 3 O 8 Over 8.0 Metres; Including 3.71% U 3 O 8 Ove...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Reports Higher Grades of Unconformity Uranium Mineralization at Moon Lake SouthAssay Results Return 2.46% U3O8 Over 8.0 Metres; Including 3.71% U3O8 Over 4.5 MetresSupplemental 2023 Exploration Budget Approved - Drilling In SeptemberVancouver, British Columbia--(Newsfile Corp. - July 26, 2023) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") is pleased to report that assay results have been received from the 2023 winter drill program completed by the Moon Lake South Joint Venture (\"MLSJV\"). Geochemical assay results returned a high-grade intersection grading 2.46% U3O8 over 8.0 metres, including 3.71% U3O8 over 4.5 metres in drill hole MS-23-10A. Additionally, the Company is pleased to report that the MLSJV has doubled the 2023 exploration budget with the approval of a newly planned supplemental drill program that will test for extensions of the high-grade uranium mineralization intersected this winter. The MLSJV is 75%-owned and operated by Denison Mines Corp. (\"Denison\"), and CanAlaska holds a 25% ownership (Figure 1). CanAlaska is funding the Company's share of the 2023 exploration programs.Figure 1 – Moon Lake South Project Location MapTo view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/2864/174894_70230d2474089845_002full.jpg2023 Moon Lake South Winter Exploration Program HighlightsDrill hole MS-23-10A intersected 2.46% U3O8 over 8.0 metres, including 3.71% U3O8 over 4.5 metres, approximately 30 metres above the unconformity (Table 1). The mineralization in MS-23-10A represents the highest-grade mineralized intersection drilled to date along the CR-3 conductor on the Moon Lake South project. Given the limited number of drill holes completed during the winter program, the mineralization discovered in MS-23-10A remains open in multiple directions. The winter exploration program results, combined with previous drill programs, have confirmed uranium mineralization in multiple zones over a strike length of four kilometres along the CR-3 target corridor. At the conclusion of the winter drill program, the mineralization intersected on the southern portion of the CR-3 corridor remains open along strike for at least 1.2 kilometres to the northeast (Figure 2). Figure 2 – Target Corridor and MS-23-10A Assay Results To ...