CanAlaska Uranium Ltd. (TSXV: CVV | OTCQX: CVVUF | FSE: DH7N) has announced the successful completion of its summer 2023 drilling programme at the West McArthur project in Saskatchewan, Canada. Basement-hosted uranium mineralization has now been confirmed over 160m into the basement along the controlling fault structures and remains completely open in multiple directions.
The drill programme is highlighted by WMA082-2 that intersected 6.5m at 0.73% eU3O8, including 1.8m at 1.91% eU3O8. WMA082-2 has confirmed high-grade basement mineralization immediately below the unconformity at the Pike Zone. Step out drill targets 200m and 800m to the northeast of the Pike Zone intersected alteration and fault structures in the basement and lower sandstone column, respectively.
The West McArthur project, a joint venture with Cameco Corporation, is operated by CanAlaska who currently holds a 79.4% ownership in the project. CanAlaska is solely funding the 2023 West McArthur programme, further increasing its majority ownership in the project.
During the summer drill programme, the company focused on testing extents of the high-grade, basement-hosted Pike Zone in the upper basement and at the unconformity with four drill holes for a total of 2,546m.
Each of the holes completed around the Pike Zone intersected alteration and faults in the lower sandstone and basement related to faulting along the C10 South conductor corridor. The C10 and C10 South corridors are also host to CanAlaska’s nearby 42 Zone discovery, as well as Cameco and Orano’s high-grade Fox Lake uranium deposit (68.1Mlbs uranium at 7.99% U3O8 average grade).
Uranium mineralization was intersected in all four drill holes completed in the Pike Zone. In addition, a wide and strong alteration zone consisting of clay replacement of the host basement rocks continues to be defined in the immediate footwall of the Pike Zone mineralization indicating the presence of a major hydrothermal mineralizing event.
Geochemical assays from the 2023 summer drill programme are pending.
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