On September 26, 2024, CanAlaska Uranium Ltd. reported positive results from its summer diamond drill program at the Pike Zone on the West McArthur Joint Venture project in the eastern Athabasca Basin. The program yielded multiple ultra high-grade uranium intersections, with the highlight being 3.88% eU3O8 over 13.2 meters, including 23.22% eU3O8 over 2.0 meters. These results expand the high-grade footprint at the Pike Zone and suggest the potential for additional zones of ultra high-grade uranium mineralization.
The company, which operates the West McArthur project in a Joint Venture with Cameco Corporation, holds an 83.35% ownership in the Project. The successful drilling program has led to an increased majority ownership for CanAlaska, with a strong treasury of nearly $12 million. The next focus will be on developing the 2025 exploration program in collaboration with its partner to follow up on the positive drilling results.
Furthermore, CanAlaska CEO, Cory Belyk, highlighted the significance of the new ultra high-grade uranium discovery and its potential for future exploration. The Company has shared detailed information on the drillhole results, including radiometric equivalent uranium grades, to provide transparency regarding its findings. As the company prepares for its 2025 exploration program, additional assay results from the 2024 program are pending.
CanAlaska Uranium Ltd. is a Canadian exploration company focused on discovering high-grade uranium deposits in the Athabasca Basin. The company’s strategic land holdings have attracted partnerships with major mining companies, underscoring the potential of its exploration projects. The Company’s experienced team is dedicated to advancing its projects and delivering value to its shareholders.
As part of its commitment to transparency, detailed geochemical sampling procedures and the use of radiometric equivalent grades have been shared to provide insight into the Company’s exploration processes. The Company’s emphasis on quality assurance/quality control ensures that all data disclosed is accurate and reliable.
Overall, CanAlaska Uranium Ltd. remains committed to exploring and discovering high-grade uranium deposits in the Athabasca Basin. The Company’s recent drilling success and ongoing exploration efforts position it well for future growth and development in the uranium mining sector.
