The Conversation (0)
CanAlaska Uranium Ltd. (TSXV:CVV) provided an updated on various projects: at NW Manitoba, core from the current program aimed to test the western edge of the anomaly was reviewed one hole intersected a sub-vertical sequence of alternating marble and dirty quartzite or siliceous calc-silicate; at Cree East, diamond drill program is anticipated as the resource markets improve.
Exploration at NW Manitoba
CanAlaska VP Exploration, Dr Karl Schimann, visited the Maguire Lake drill camp to review core from the current exploration being carried out under a 70% option earn-in by Northern Uranium Corp. The focus of the Company is on the Maguire structural zone (See figure 1), with its large coincident radon- gravity-resistivity targets.
Previous work by the Company located hydrothermal alteration with uranium mineralization in bedrock stringers and in high grade uranium pebbles in down-ice dispersion patterns. The current drilling commenced with drill holes 7 and 8 on the northern of three local targets. This drilling from land tested the western edge of the anomaly, but did not intercept the main combined resistivity-gravity target.
Drill hole 9, 1.1km to the south is located in the centre of an 800 x 400 metre gravity anomaly which reaches – 1 milligal intensity. The clay alteration in hole 9 is compatible with such an anomaly, as well as with the DC resistivity low which coincides with the core of the gravity anomaly. Uranium-mineralized boulders occur in the till down ice from this gravity and resistivity anomaly including a sample of massive pitchblende (66% U3O8). This vertical drill hole was completed to 176 metres depth. The drill hole intersected a sub-vertical sequence of alternating marble and dirty quartzite or siliceous calc-silicate. The alteration starts near surface as one metre sections of sheared clay altered rubble and soft rock. Shearing and alteration increase in frequency downward and by 95 metres the clay alteration becomes pervasive and most of the rock is soft. Patches of earthy red hematite become frequent below 120 metres, as shown in the photograph. Below 135 metres only a mix of sand and clay was recovered. About 35 metres of core was lost between 134 and 174 metres.
… Key Projects with International Partners
CanAlaska has two key Joint Ventured projects at West McArthur and Cree East which are operated by the Company on behalf of its Japanese and Korean partners. Market conditions have limited work on these projects since 2012, however, a detailed $400,000 geophysical work program was carried out on the Cree East project in 2014, and a new diamond drill program is anticipated as the resource markets improve, or upon third party funding. The drill contractor currently has a drill on the main target site, and this could be utilized for winter or summer drilling.
The most recent work on the West McArthur project identified extensive hydrothermal alteration in the Athabasca sandstone units overlying the unconformity at Grid 5. This priority target of the CanAlaska- MC Resources Joint venture is located immediately west of the Read Lake project and Fox Lake discovery and targets of Cameco, which have been drilled continuously by Cameco and Areva since 2008. According to Cameco’s latest Annual Reports the Read Lake project will receive the majority of Cameco’s exploration attention again in 2015.
… Pikoo Diamond Discovery
CanAlaska staked 12 diamond properties in the Pikoo diamond discovery area in July and August 2013. The Company had previously researched the characteristics of diamond discoveries in this area, and was able to stake significant geophysical targets within the area of indicator mineral sampling. Some of these targets were prior but unresolved targets chosen by Stornoway Diamond Corp, and others were targets from previous exploration in the area during the early 1990. The sale of two of these claim groups to Copper Reef Mining Corp in 2014 culminated in December 2014 with the discovery ofdiamond indicator minerals in the direct vicinity of target B2.
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