CanAlaska Uranium (TSXV: CVV) has intersected high grade uranium mineralization at its West McArthur joint venture project in the Athabasca Basin of Saskatchewan. The discovery was made under an ongoing drill program at the project.
Highlights from the results include:
- WMA082-8: 6.87% eU3O8 over 16.9 metres at a depth of 823.4 metres
- Including 11.62% eU3O8 over 9.3 metres
The discovery was made in the second hole of the ongoing drill program, with the hole being the first step-out to the east of the Pike Zone. Continued drilling under the current program is intended to continue to delineate and expand the Pike Zone at the unconformity and upper basement.
The current drill program is expected to amount to 9,000 metres in aggregate, resulting in ten to fourteen holes being drilled into unconformity targets.
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READ: CanAlaska Shares Jump on 21.6-Metre of 3.44% eU3O8 Intersect at Pike Zone
CanAlaska currently holds an 83.35% interest in the West McArthur joint venture, with the remainder held by Cameco Corp.
CanAlaska Uranium last traded at $0.68 on the TSX Venture.
Information for this story was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
