Monday, June 2, 2025

Latest

CanAlaska Intersects 9.30% eU3O8 Over 16.2 Metres At West McArthur JV

High grade uranium mineralization continues to be found in the Athabasca Basin of Saskatchewan, with CanAlaska Uranium (TSXV: CVV) being the latest explorer to hit high grade.

The company managed to intersect multiple intervals of high grade mineralization at the Pike Zone of its West McArthur joint venture project, found on the eastern side of the basin. Highlights from the results include:

  • WMA082-11: 4.77% eU3O8 over 25.9 metres from a depth of 795.9 metres
    • Including 6.30% eU3O8 over 16.3 metres
  • WMA082-12: 9.30% eU3O8 over 16.2 metres from a depth of 797.0 metres
    • Including 13.61% eU3O8 over 10.9 metres
  • WMA-082-14: 1.12% eU3O8 over 3.5 metres from a depth of 843.8 metres

The holes are said to have intersected unconformity-associated uranium mineralization, which along with previously reported hole WMA082-8 which hit 6.87% eU3O8 over 16.9 metres, indicates a potential extension of high grade mineralization at the Pike Zone.

“Unconformity mineralization is now repeatable along strike from the original discovery holes and remains open in all directions including within the basement rocks below the unconformity. The results of the summer program clearly indicate the tier 1 potential of the Pike Zone along what is fast becoming a very prolific uranium mineralizing corridor which already includes the high-grade Fox Lake uranium deposit. I look forward to announcement of further drill results from the summer program in the context of an improving uranium market and return of investor interest,” commented CanAlaska CEO Cory Belyk on the results.

Drilling remains ongoing at West McArthur, with the company expected to achieve 15 unconformity target intersections under the current program. Exploration at site is expected to be wrapped up by the end of September.

CanAlaska Uranium last traded at $0.69 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.

Leave a Reply

Video Articles

First Majestic Silver: The Santo Nino Discovery

Avino Silver Q1 Earnings: The Record Streak Continues!

Aya Gold & Silver Q1 Earnings: From Kitchen Sink to Record Results

Recommended

First Majestic Silver: The Santo Nino Discovery

Brazil Potash Completes Site Prep For Port Terminal

Related News

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...

Wednesday, March 27, 2024, 09:29:41 AM

CanAlaska Hits 5.0 Metres Of 34.38% eU3O8 At Pike Zone

CanAlaska Uranium (TSXV: CVV) has seen early success under its winter drill program launched last...

Wednesday, February 5, 2025, 07:55:33 AM

CanAlaska Shares Jump on 21.6-Metre of 3.44% eU3O8 Intersect at Pike Zone

CanAlaska Uranium Ltd. (TSXV: CVV) has announced a significant uranium discovery at the Pike Zone...

Tuesday, July 9, 2024, 11:30:00 AM

CanAlaska Options Off Two Properties For $10 Million In Exploration Spend, Plus Cash And Shares

CanAlaska Uranium (TSXV: CVV) continues to option off certain of its properties found within the...

Tuesday, March 26, 2024, 09:19:34 AM

CanAlaska Announces $12.5 Million Exploration Program At West McArthur

CanAlaska Uranium (TSXV: CVV) is planning for a strong start to 2025, announcing this morning...

Tuesday, January 7, 2025, 08:16:23 AM