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CanAlaska Stakes Four Large Target Areas in NE Athabasca
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2020) - CanAlaska Uranium Ltd. (TSXV: ...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Stakes Four Large Target Areas in NE Athabasca29,671 Hectares (114 square miles): Focus on targets along regional structures near surface, basement-hosted uranium targetsVancouver, British Columbia--(Newsfile Corp. - May 13, 2020) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") is pleased to announce that it has staked 29,671 hectares of land (114 square miles) in four large blocks in the Eastern Athabasca focusing on regional structures, similar to those hosting the nearby high-grade Collins Bay-Eagle Point uranium deposits. The new claim blocks which are currently secured for two years, cover defined targets along the interpreted location of the Collins Bay Fault and the Maguire Fault structures (Figure 1).Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2864/55775_canalaskaimage.jpgThe targets on these projects are basement-hosted, large uranium deposits like Eagle Point, Arrow and Millennium. The project areas lie outside the current boundaries of the Athabasca Basin but in an area previously interpreted as covered by the extended basin. The sandstone remnants described in the Pinkham Lake area support this interpretation (Figure 1) Additionally, basement alteration systems typical of Athabasca unconformity deposits have been identified by drilling in Manitoba. The paleo-unconformity location is believed to be sufficiently close to present day surface to provide exploration potential for basement-type targets that have been proven to exist to depths of 900 metres below the unconformity (Eagle Point, Arrow).The new project areas were staked within the Western Wollaston Domain, the host to a majority of the Athabasca-related uranium deposits. Claims are focused where the presence of structural complexity is expected from intersecting splay and cross-cutting faults with the Collins Bay and Maguire regional fault structures. Management's experience is that such structural complexity has a direct relationship to the position of mineralized orebodies along the Collins Bay structure, namely Cameco's Rabbit Lake, Collins Bay and Eagle Point orebodies (Figure 1).Historical airborne geophysical surveys and preliminary geochemical sampling was key to selecting the new exploration areas. The earlier survey work has outlined li...