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CanAlaska Uranium Ltd. (TSXV:CVV) announced that drilling by Northern Uranium on the North West Manitoba joint venture continues to intersect a significant hydrothermal alteration zone at Maguire Lake. The area demonstrates potential to host a substantial unconformity style uranium deposit due to the elevated radioactivity within the zone.
A drill program is anticipated  for early June, which aims to test multiple targets including seven land targets.
As quoted in the press release:
Northern Uranium’s winter drill program at Maguire Lake confirmed the discovery in its latest drill results. The hydrothermal system has multiple structures over a 100 metre width and has been defined so far over a 300 metre strike length. It is characterized by intense clay-hematite alteration. Drill hole MG15DD-0014 confirms the alteration discovery when it intersected a horizontal width of about 50 metres hosting a series of radioactive spikes reaching about five times background. A second hole, MG15DD-0015, was stopped while still in overburden due to deteriorating ice conditions.
A summer drill program is anticipated to commence in early June — with two diamond drills — to test multiple targets: there are seven land targets to be tested. These anomalies are based on the results of ground gravity, ground IP/resistivity surveys, airborne electromagnetic surveys, RadonEx radon in water surveys and AlphaTrack radon on land surveys. All of these targets are up-ice of uraniferous boulders (up to 66% U3O8) discovered by CanAlaska geologists in a prospecting program.
The recently completed exploration program also included the completion of a ground gravity survey and an infill RadonEx radon-in-water survey over the Maguire Lake target area.
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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