Business
CanAlaska Stakes 58,747 Hectare Intrepid East and West Projects in Northeastern Athabasca Basin
Priority Basement and Unconformity Uranium Targets Associated with Structural Corridors Manage...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Stakes 58,747 Hectare Intrepid East and West Projects in Northeastern Athabasca BasinPriority Basement and Unconformity Uranium Targets Associated with Structural CorridorsManagement Attending CEM Scottsdale Capital Event April 19 to 21Vancouver, British Columbia--(Newsfile Corp. - April 17, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) (\"CanAlaska\" or the \"Company\") is pleased to announce the Company's newly acquired Intrepid East and Intrepid West projects (the \"Projects\"), totalling 29,258 and 29,489 hectares, respectively. The Intrepid projects are located in the northeastern Athabasca Basin, approximately 20 kilometres north of the high-grade Hurricane Uranium Deposit (Figure 1).Figure 1 – Intrepid East and Intrepid West Project Locations To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2864/205742_1efc5ad9a4d06982_002full.jpgThe Intrepid projects are part of the Company's strategy to position and focus landholdings in the infrastructure-rich eastern Athabasca Basin. Land acquisitions in this part of the Athabasca Basin are deliberately focused on staking the interpreted structural corridors that are host to, or geologically similar to, Key Lake, Eagle Point, and Arrow uranium deposit analogues. The Intrepid projects are well situated in relation to several other projects in the Company's portfolio and to critical infrastructure such as power, road, and the McClean Lake uranium mill. These new projects are part of CanAlaska's ongoing project generator business and the Company will seek strategic partners to advance these and other CanAlaska-owned assets. CanAlaska CEO, Cory Belyk, comments, \"The Intrepid East and West projects were identified by the geoscientists and host exploration targets very similar to some recent successful uranium discoveries in the eastern Athabasca Basin. This area has not been extensively explored based on this new knowledge, which provides significant discovery potential with the right investment and the correct exploration thesis. The Company will actively seek joint venture partners to move these quality assets toward discovery. The uranium market continues to be strong in what should be a multi-decade nuclear buildout on a global scale.\" Figure 2 – Intrepid East and Intrepid West Target A...