- CanAlaska Uranium (CVV) has intersected a wide interval of basement-hosted uranium mineralization along a newly defined exploration trend on the West McArthur project
- This was the second regional test of the current summer drilling program
- The drill hole intersected a broad, 6.3-metre-long interval of elevated radioactivity
- The company is continuing its drilling program on the West McArthur uranium project, part of the $5 million 2022 exploration program
- CanAlaska Uranium Ltd. (CVV) was up 15.79 per cent at $0.33 at 11:00 a.m. ET
CanAlaska Uranium (CVV) has intersected a wide interval of basement-hosted uranium mineralization on the West McArthur project.
A drill hole located 6 kilometres along strike to the southwest of the company’s 42 Zone mineralization contains a wide zone of basement-hosted uranium mineralization.
This was the second regional test of the current summer drilling program. The drill hole intersected a broad, 6.3-metre-long interval of elevated radioactivity.
At 906.3 metres, mineralization is characterized by massive to semi-massive, vein-controlled, and disseminated pitchblende and yellow uranium secondaries associated with bleaching, clay, and hematite alteration.
CanAlaska’s CEO, Cory Belyk, commented that with multiple recent build-outs of small modular reactors (SMRs) in the Canadian market alone, the need for more uranium discoveries could lead to increased production has never been more apparent.
“The West McArthur project, strategically located next to critical mine and mill infrastructure in the eastern Athabasca Basin, continues to respond positively to targets generated by the geological team providing additional opportunities for discovery for our shareholders. This is an important and exciting result early in the 2022 drilling program.”
The company is continuing its drilling program on the West McArthur uranium project, part of the $5 million 2022 exploration program.
CanAlaska Uranium (CVV) is engaged in exploring uranium, nickel, and diamond properties.
CanAlaska Uranium Ltd. (CVV) was up 15.79 per cent at $0.33 at 11:00 a.m. ET.
