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CanAlaska Uranium Ltd.
Summary
| Project: | West McArthur | |
|---|---|---|
| Deposit: | West McArthur | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 11/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2017: CanAlaska Uranium Ltd. announces an Exploration/Drilling Update report for its West McArthur deposit at the West McArthur project. JV - Drilling results incl. 5.5m @ 1.51% U3O8 from 773.3m. Vancouver, British Columbia--(Newsfile Corp. - Novemb | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Karl Schimann (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - November 15, 2017) - CanAlaska UraniumLtd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to report final results from drill holes WMA042 and WMA042-2, on the West McArthur uranium project ("Project"). The drill program was conducted byCameco Corporation ("Cameco") as part of their $12.5 million option to earn a 60% interest in the Project. Drill holes WMA042 and WMA042-2 were drilled at the northern end of a strong geophysical anomaly which represents the offset and continuation of the C10 conductor which hosts a new high-grade uranium deposit at nearby Fox Lake (See figure 1). The two drill holes intersected high-grade uranium within a broad fault controlled zone of strongly bleached sandstone accompanied by a pyrite halo just above the Athabasca sandstone unconformity. In drill hole WMA042, strong pervasive brick-red hematite from 697.8 m to 700.2 m transitions into irregular patchy hematite with pervasive fracture-controlled sooty pyrite and localized perched fracture-controlled uranium mineralization to 715.6 metres. The remainder of the sandstone column is strongly bleached and overprinted by weak sooty pyrite as a halo about a brittle fault zone from 738.9 to 743.2 metres that is characterized by strong quartz dissolution (~25% core loss), sooty pyrite, and steeply dipping fractures. Below the fault, the sandstone is weakly silicified to 773.8 metres, below which pervasive sooty pyrite overprints the sandstone and is associated with orange-brown oxides, local fracture controlled brick-red hematite and disseminated uranium mineralization (Table 1). The unconformity was intersected at 782.1 metres. | |
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