- CanAlaska Uranium (CVV) has commenced a high-resolution helicopter-borne aeromagnetic and radiometric survey on its Key Extension project in the Athabasca Basin
- The company also received approved exploration work permits to conduct diamond drilling and additional ground-based geophysical surveys on the project
- The Key Extension project is located 10 km south of the Athabasca Basin, within basement rocks of the Wollaston-Mudjatik transition zone in northern Saskatchewan
- CanAlaska Uranium is engaged in the exploration of uranium, nickel, and diamond properties
- CanAlaska Uranium Ltd. (CVV) was up 4.76 per cent at $0.33 at 2:05 p.m. ET
CanAlaska Uranium (CVV) has begun a high-resolution helicopter-borne aeromagnetics and radiometrics survey on the Key Extension project in the Athabasca Basin.
The property-wide survey will be used with recent ground gravity survey results and previous compilation work to prioritize a ground-based summer prospecting program.
The company also received approved exploration work permits to conduct diamond drilling and additional ground-based geophysical surveys on the project.
CanAlaska’s CEO, Cory Belyk, commented that this new geophysics survey would add valuable information to help guide the next steps in the target definition of the Key Extension project in advance of the first prospecting and drilling programs.
“The size and coincidence of the anomalies identified to date are very encouraging signs the CanAlaska team is on the right path to discovery within kilometres of Cameco and Orano’s Key Lake milling complex. I am very pleased with how this project responds to our shareholder’s investment in this strategic property.”
The Key Extension project is located 10 km from the Key Lake Mine and Mill complex, south of the Athabasca Basin, within basement rocks of the Wollaston-Mudjatik transition zone in northern Saskatchewan.
The main fault system which controls the Key Lake uranium deposits is interpreted to trend through the centre of the property.
Historical work on the project has identified electromagnetic conductors associated with uranium boulder and outcrop samples.
CanAlaska Uranium is engaged in exploring uranium, nickel, and diamond properties.
CanAlaska Uranium Ltd. was up 4.76 per cent at $0.33 at 2:05 p.m. ET.