diversified explorer CanAlaska Uranium has announced its drill plans for its JV West McArthur project located in the Athabasca Basin.
diversified explorer CanAlaska Uranium (TSXV:CVV) has announced its drill plans for the West McArthur project located in the Athabasca Basin.
As quoted from the press release:
Under the joint venture with Cameco (TSX:CCO), CanAlaska will act as operator and plans to drill 7000 metres in 10 drill holes this summer to endeavor to intersect lenses of higher-grade uranium mineralization.
West McArthur uranium discovery
In August 2017, Cameco intersected the first high grade uranium mineralized intervals on the northern portion of the five kilometre long Grid 5 target area at the West McArthur uranium project. The project extends over 36,000 hectares and the eastern boundary is 6 kilometres (4 miles) northwest of Cameco’s majority-owned McArthur River uranium mine and associated infrastructure.
To date three holes have intersected mineralization, up to a maximum of 1.51 percent U3O8 over 5.5 metres. The main anomalous
zone is situated at a flexure in the three recognizable conductors, (the “C10” graphitic conductor package). Four kilometres to
the east, the C10 conductor hosts the Cameco/Orano Fox Lake high grade uranium deposit.
Three graphite-bearing rock units (“conductors”) define a 6.6 km long conductive trend west from the Fox Lake uranium deposit
onto the West McArthur project. The first 1.6 kilometres (one mile) of this trend onto the project hosts a significant flexure, and the
conductors rotate to the south. The large ZTEM geophysical anomaly shows that this trend continues for a further five kilometres
to the south, and is shown as insert in Figure 1. High grade mineralization was intersected at target B, where the trend bends
southward, 1,600 metres west of the property boundary.
The eight drill holes carried out by Cameco, under their previous option to earn 30% of the project, intersected a series of
geochemical halos around and above uranium mineralization. The halos are very distinctive and characteristic of known uranium
deposits. The size of the halos, with boron and uranium values to near surface, and high uranium and base metal values at the