CanAlaska Hits 10.84% eU3O8 Over 11.5 Metres At Pike Discovery

CanAlaska Uranium (TSXV: CVV) continues to hit high grade uranium at the West McArthur joint venture project.

After hitting 40.3% eU3O8 over 4.7 metres in hole WMA082-4 as reported in February, the company is now reporting further high grade hits as part of the ongoing drill program. Highlights from the results include:

• WMA082-5: 1.40% eU3O8 over 4.5 metres from a depth of 804.3 metres, including 2.78% eU3O8 over 2.0 metres
• WMA082-6: 10.84% eU3O8 over 11.5 metres from a depth of 798.0 metres, including 12.99% eU3O8 over 9.5 metres

The holes were conducted as follow-up drilling to WMA082-4, which had intersected a wider interval of 13.75% eU3O8 over 16.8 metres, which included the aforementioned 40.3% eU3O8 intercept as a subinterval.

READ: Market Movers: CanAlaska Jumps 43% After Reporting 4.7 Metre Interval Of 40.3% eU3O8 At West McArthur

Mineralization is said to have been found in the sandstone immediately at the unconformity contact between the underlying basement rocks and the Athabasca sandstone. The unconformity is said to be open in all directions.

Drilling at the target is said to be completed for the winter program, with focus on the discovery to resume under the planned summer drill program that is to start in June, the main focus of which is the expansion of the discovery and testing to the northeast and the southwest.

“This is an encouraging indication that high-grade mineralization is continuing and can be expanded upon in future drilling which is currently scheduled to resume in June. Assay confirmation of these high-grade uranium intersections is expected ahead of the summer drilling program. The Pike Zone target continues to expand and is now delivering excellent results at or near the unconformity in multiple drillholes,” commented Cory Belyk, CEO of CanAlaska.

CanAlaska Uranium last traded at $0.63 on the TSX Venture.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.