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CanAlaska Uranium Ltd.
Summary
| Project: | West McArthur | |
|---|---|---|
| Deposit: | West McArthur | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 9/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2017: CanAlaska Uranium Ltd. announces an Exploration/Drilling Update report for its West McArthur deposit at the West McArthur project. JV - Drilling results incl. 5.1m @ 1.4% eU3O8 from 773.3m. Vancouver, British Columbia--(Newsfile Corp. - Septemb | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Karl Schimann (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 12, 2017) - CanAlaska UraniumLtd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to report interim results from drill hole WMA042-2, a wedge from mineralized drill-hole WMA042 (1.4% eU3O8 over 5.1 metres), on the West McArthur uranium project ("Project"). The ongoing drill program is being conducted byCameco Corporation (TSX: CCO) (NYSE: CCJ). Drill hole WMA042-2 commenced at 275 metres downhole in strongly bleached sandstone with characteristic clays and alteration similar to that overlying nearby uranium deposits. Seven fault zones are reported. The drill hole is across the conductor trend and intersected the unconformity approximately 24 metres southeast of the mineralized intersection reported for WMA042. (see news August 30 2017) The calculated average grade of the uranium intercept, as measured by calibrated probe, is 1.4% eU3O8 over 5.1 metres (Table 1). The uranium mineralization is disseminated within a brittle sandstone fault at 768.4 meters to the unconformity at 778.0 metres. The fault is characterized by broken to unconsolidated core with strong sooty pyrite, 16% core loss, strong quartz dissolution, and strong clay replacement that includes 10-40 cm wide sections of massive clay. Detailed assays and interpretation from the drill program is expected to be reported inOctober. Cameco is carrying out the current work as part of an option to earn a 60% interest in the West McArthur project. | |
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