CanAlaska Uranium (TSXV: CVV) has seen early success under its winter drill program launched last month at its West McArthur project. The company this morning released assay results from the first five drill holes conducted under the program, which include the best intersection of uranium to date at the Pike zone.
Highlights from the results include:
- WMA076-01: 14.5 metres of 12.20% eU3O8 from a depth of 790.1 metres
- Including 5.0 metres of 34.38% eU3O8
- WMA082-16: 4.2 metres of 1.81% eU3O8 from a depth of 811.8 metres
- Including 0.9 metres of 5.54% eU3O8
- WMA-094-04: 4.9 metres of 3.04% eU3O8 from a depth of 793.8 metres
- Including 1.5 metres of 8.87% eU3O8
The highlight assays from the results, hole WMA076-01, extends the ultra high grade footprint of the Pike zone by 15 metres to the east, while mineralization within this zone remains open on strike. Continued drilling at this target is set to continue to the east as the company works to define the high grade mineralization that remains completely open.
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READ: CanAlaska Announces $12.5 Million Exploration Program At West McArthur
“We are very pleased to announce to our shareholders the initial results from the 2025 drilling program at Pike Zone which include the best ultra high-grade uranium mineralization encountered to date on the project. This ultra high-grade intersection at the eastern end of Pike Zone is on an adjacent drill section and remains completely open on strike which is a very exciting outcome from the first few weeks of drilling,” commented Cory Belyk, CEO of CanAlaska.
A second drill rig meanwhile is focused on delineating the zone to the west in incremental step outs. WMA094-04 was drilled here, confirming continuity of the high grade unconformity mineralization at the current western edge of Pike. Future drill holes will continue to step out to the west.
The third drill rig on site is focused on identifying mineralization between the currently identified high grade pods at Pike. WMA082-16 was one such hole, which intersected mineralization between the two known pods.
“The style and grade of uranium mineralization we are encountering at Pike Zone continues to be very reminiscent of the nearby giant McArthur River tier 1 uranium deposit owned by Cameco and Orano. Initial results from this 2025 drill campaign have been exceptional,” continued Belyk.
The current drill program aims to have 25 unconformity intersections, with the program scheduled to wrap up in April.
CanAlaska Uranium last traded at $0.89 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.
