CanAlaska Uranium (TSXV: CVV) has mobilized its drill crew for a summer drill program at its West McArthur joint venture project, which is found in the Athabasca Basin of Saskatchewan.
A joint venture with Cameco Corp, the West McArthur project is set to see a $7.5 million exploration program conducted this summer. The program is to focus on the follow up of two high grade intersections, 14.9% U3O8 over 9.6 metres in hole WMA082-6 and 9.9% U3O8 over 14.5 metres in hole WMA082-4, which were intersected under the winter 2024 exploration program at the Pike zone.
A total of 9,000 metres of drilling are planned under the program, which will see two drill rigs utilized. The program is currently aiming to achieve 10 to 14 unconformity target intersections while CanAlaska aims to expand the Pike Zone. Current drill plans are aiming to expand the zone, which has a 150 metre long strike, to the east and west, while the company will also test the uncomformity along strike to the northeast and southwest.
“With high-grade unconformity uranium mineralization open in all directions, there is every belief by the team this discovery will continue to grow. A majority of the approved 2024 drilling program remains to be completed and with continued success, this discovery could be an incredible turning point for CanAlaska and its shareholders,” commented Cory Belyk, CEO of CanAlaska.
CanAlaska Uranium last traded at $0.57 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.
