| Significant Uranium Mineralization Reported at CanAlaska's West McArthur Project | |
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Diamond drill hole WMA042 intersects 1.34% eU3O8 over 5.65metres, drilling continuing Vancouver, British Columbia--(Newsfile Corp. - August 30, 2017) - CanAlaska Uranium Ltd. (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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Canalaska Uranium Ltd
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EXPLORATION STAGE |
CODE : CVV.V |
ISIN : CA13708P2017 |
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Canalaska Uranium is a uranium exploration company based in Canada. Canalaska Uranium holds various exploration projects in Australia and in Canada. Its main exploration properties are GLITTER LAKE, VBE 1 CLAIMS, ALBERTA, HELMER, KEY LAKE, LAKE ATHABASCA, COLLINS BAY EXTENSION, WATERBURY, BLACK LAKE PROJECT, POPLAR PROJECT, GREASE RIVER, VBE 2 CLAIMS, NE WOLLASTON, ARNOLD PROJECT, CAMSELL, CARSWELL PROJECT, CREE WEST, HODGSON, KASMERE, MCTAVISH, MISTY, MOON, CREE EAST PROJECT, WEST MCARTHUR, FOND DU LAC, ATIKOKAN AREA, CENTRAL ZEBALLOS MINE and LAC ROCHER in Canada and RISE AND SHINE in New Zealand. Canalaska Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 16.7 millions as of today (US$ 13.3 millions, € 11.7 millions). Its stock quote reached its highest recent level on January 05, 2007 at CA$ 9.70, and its lowest recent point on October 17, 2014 at CA$ 0.08. Canalaska Uranium has 27 340 000 shares outstanding. |