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CanAlaska Uranium Ltd. (TSXV:CVV) reported that joint venture partner Northern Uranium has started its summer drill program at the NW Manitoba project in the Athabasca Basin. Two large core drills have been utilized: one testing the extension of the 100m by 300m hydrothermal alteration zone beneath Maguire Lake, while the other is targeting another gravity low.
In a recent interview with CEO Peter Desler, he says that the key catalyst for 2015 is drilling on the Northwest Manitoba. Watch the interview here.
As quoted in the press release:
CanAlaska Uranium Ltd. “the Company” (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) is pleased to report that Northern Uranium has commenced its summer drill program at Maguire Lake utilizing two large core drills.
One drill is testing the extension of the newly discovered 100 metre wide by 300 metre strike length hydrothermal alteration zone beneath Maguire Lake. This zone is open both along strike and to depth and is characterized by intense clay-hematite alteration with elevated uranium values as determined by down hole gamma probing. Unconformity style uranium mineralization within the Athabasca Basin is associated with these hydrothermal alteration zones.
The second drill is targeting another gravity low with a sympathetic resistivity low and RadonEx radon-in-water anomaly adjacent to the shore of the lake.
Dr. Karl Schimann, PhD, P.Geo, is the qualified technical person responsible for this news release.
The Company has granted to a consultant an incentive stock option to acquire up to 50,000 common shares in the capital of the Company at a price of $0.175 for a two year period.
Click here to read the CanAlaska Uranium Ltd. (TSXV:CVV) press release
Click here to see the CanAlaska Uranium Ltd. (TSXV:CVV) profile.
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