CanAlaska Uranium Ltd. (TSXV: CVV | OTCQX: CVVUF | Frankfurt: DH7N) has mobilized a field team, drill crew, and equipment to its 60%-owned Geikie project in the Athabasca Basin. The initial drill programme is planned for 2,000m, consisting of eight drill holes with proposed depths around 250m each.
“Mobilization of the team and crews to the Geikie project area is a great accomplishment for the company. From inception of the project through to this first drilling programme, the company has been diligent with its methodical approach to exploration and developing very high-quality targets for testing,” CanAlaska CEO, Cory Belyk, commented.
“I look forward to the first drill results from this inaugural programme in what is one of the most interesting Athabasca Basin exploration regions for shallow basement-hosted uranium mineralization.”
The 2023 Geikie Summer drill programme will be focused on a 15km long northeast trending conductor system, striking through the southern half of the property, recently identified during the completed VTEM Plus survey.
Three high-priority target areas (Preston Creek, Hourglass Lake, and Aero Lake) have been identified where north-south trending fault splays cause offsets along the conductor trend. These north-south trending structural features are interpreted to be related to the regionally significant deep-seated faults of the Tabbernor Fault System.
3D modelling of the VTEM anomalies shows a succession of steeply dipping sub-parallel EM plates that are disrupted by a north-south trending structural lineament. The company believes the structural complexity causing disrupted EM plates and signatures in association with north-south trending fault structure, provides potential conduits for the movement of uranium-bearing fluids.
The Geikie project is located just outside the eastern margin of the Athabasca Basin within the Wollaston Domain and is currently being sole-funded by Basin Energy Limited (ASX: BSN) under an option earn-in agreement with the company.
For further information, please visit: www.canalaska.com
