Business
CanAlaska Stakes 11,143 Hectare Constellation Project in Eastern Athabasca Basin
18 Kilometres of Priority Basement Uranium Target Corridors Identified 60 Kilometres from the ...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Stakes 11,143 Hectare Constellation Project in Eastern Athabasca Basin18 Kilometres of Priority Basement Uranium Target Corridors Identified60 Kilometres from the Key Lake Uranium Mine and MillVancouver, British Columbia--(Newsfile Corp. - September 14, 2023) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (\"CanAlaska or the \"Company\") is pleased to announce the Company's newly acquired Constellation project, totalling 11,143 hectares. The Constellation project (the \"Project\") is located in the southeastern Athabasca Basin, approximately 60 kilometres south of the Key Lake Mine and Mill Complex along Highway 914 (Figure 1).  Figure 1 – Enterprise Project Location  To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/180537_0135d3a974de7b4f_002full.jpgThe Constellation project is part of the Company's strategy to position and focus its landholdings in the infrastructure-rich southeastern Athabasca Basin. Land acquisitions in this part of the Athabasca Basin region are deliberately focussed on staking the interpreted structural corridors that are host to, or geologically similar to, Key Lake, Eagle Point, and Arrow uranium deposit analogues. Constellation is perfectly situated in relation to several other projects in the Company's portfolio and to critical infrastructure such as power, road, and Key Lake mill. This new project is part of CanAlaska's ongoing project generator business and the Company will seek strategic partners to advance these and other CanAlaska-owned assets.  Figure 2 – Constellation Target Corridor Locations To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/180537_0135d3a974de7b4f_005full.jpgCanAlaska CEO, Cory Belyk, comments: \"CanAlaska continues to focus its project generation within the eastern Athabasca Basin region near all the critical infrastructure and in areas with the right geological features. Constellation has all the indicators of the right technical merits for basement-hosted uranium deposits to occur in an area that is vastly underexplored. Congratulations to the CanAlaska team for identifying and capturing this opportunity for our shareholders as we start to move into the next uranium bull market. We will actively seek new joi...