- CanAlaska (CVV) has staked three new uranium properties in the Athabasca Basin
- The new properties span 74,283 hectares and are proximal to deposits housing approximately 607M lbs. U3O8
- The company is working to identify key targets for future exploration programs
- CanAlaska Uranium holds interests in over 300,000 hectares in the Athabasca Basin
- CanAlaska (CVV) is up by 1.96 per cent and is currently trading at $0.52 per share
CanAlaska (CVV) has staked three new uranium properties in the Athabasca Basin.
The Chymko Project (32,603 ha) is adjacent to the Virgin River Shear Zone and a series of potential shear structures have been identified; a uranium showing is adjacent to one of these structures.
The Taggart Project (28,328 ha) is on trend with the Patterson Corridor, which hosts the Triple R and Arrow deposits with combined reported resources of 472M lbs. U3O8.
The Carswell Project (13,352 ha) is located in proximity to the Shea Creek and Cluff Lake deposits with total combined resources and production of 135M lbs. U3O8. A major conductive structure has been identified on the property.
CanAlaska is working to identify key targets on each project in preparation for future exploration programs.
Cory Belyk, CanAlaska’s CEO, stated,
“The addition of these three large project areas in the vicinity of world-class uranium deposits and districts in the Athabasca Basin is another example of CanAlaska successfully deploying its project generator model. We look forward to working with new joint venture partners to move these projects forward.”
CanAlaska Uranium holds interests in over 300,000 hectares in the Athabasca Basin.
CanAlaska (CVV) is up by 1.96 per cent and is currently trading at $0.52 per share as of 1:15 pm EST.
