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Significant Uranium Mineralization Reported at CanAlaska's West McArthur Project
Aug. 31, 2017 08:55AM PST
Energy Investing
CanAlaska Uranium (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to report interim results from drill hole WMA042 on the West McArthur uranium project (“Project”) where testing of the C10 conductor package at Grid 5 continues. See earlier news of July 20 2017. A further drill hole is underway. Drill hole WMA042 is located approximately …
CanAlaska Uranium (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to report interim results from drill hole WMA042 on the West McArthur uranium project (“Project”) where testing of the C10 conductor package at Grid 5 continues. See earlier news of July 20 2017. A further drill hole is underway.
Drill hole WMA042 is located approximately 300 metres north of drill hole WMA035 completed in 2016, which is located on the east end of Grid 5. The drill program is being conducted by Cameco Corporation (TSX: CCO) (NYSE: CCJ).
The calculated grade of the uranium intercept, as measured by calibrated probe, is 1.34% eU3O8 over 5.65 metres. The uranium mineralization is disseminated in the basal sandstone column near the unconformity and is footwall to an altered fracture zone with perched mineralization 80 metres higher in the drill hole. A wedge hole from WMA-042 is being drilled to test the optimum target location.
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