- CanAlaska Uranium Ltd. (CVV) has received assay results from the first drill hole into a new basement-hosted uranium discovery on the West McArthur project
- Geochemical assay results from drill hole WMA067 indicate a high-grade intersection of 2.4 per cent U3O8 over 9.0 metres from 906.5 metres to 915.5 metres, including a higher-grade interval of 3.5 per cent U3O8 over 6.0 metres from 906.5 metres
- This new discovery is even wider than originally thought
- CanAlaska Uranium Ltd. (CVV) was down 3.41 per cent at $0.42 at 9:15 am ET
CanAlaska Uranium (CVV) has received assay results from the first drill hole into a new basement-hosted uranium discovery on the West McArthur project.
Geochemical assay results from drill hole WMA067 indicate a high-grade intersection of 2.4 per cent U3O8 over 9.0 metres from 906.5 metres to 915.5 metres, including a higher-grade interval of 3.5 per cent U3O8 over 6.0 metres from 906.5 metres.
CanAlaska’s CEO, Cory Belyk, commented that this new discovery is even wider than originally thought.
“The style and grade of mineralization is reminiscent of some of the best basement-hosted uranium drillhole intersections encountered in the Athabasca Basin and at large uranium deposits such as Eagle Point, Millennium and Arrow. Confirmation of width and grade of mineralization in this drillhole is an exciting achievement for CanAlaska, its shareholders, and the joint venture at a time when the world needs more high-grade uranium deposits to be found to support future clean energy demand.”
The company is continuing its drilling program at the West McArthur project as part of the $5 million 2022 program, focusing its effort on the expansion of this new uranium discovery.
Drill core samples were shipped to the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon for preparation, processing, and multi-element analysis.
The West McArthur project is operated by CanAlaska, which currently holds a 78 per cent ownership in the project.
CanAlaska Uranium (CVV) is engaged in exploring uranium, nickel, and diamond properties.
CanAlaska Uranium Ltd. (CVV) was down 3.41 per cent at $0.42 at 9:15 am ET.
