- Drilling has started at CanAlaska Uraniam Ltd.’s (CVV) 100 per cent owned Mouse Mountain copper-gold project near Quesnel, British Columbia
- A 1,600 metre drilling program will test multiple copper-gold targets along a large 1.5 kilometre zone defined by earlier exploration
- Omineca Mining and Metals Ltd. is leading the drilling
- CanAlaska President, Peter Dasler said the property lies within a major trend of Tier one porphyry copper and copper-gold deposits
- CanAlaska Uranium Ltd. is up 1.27 per cent to C$0.40 per share
Drilling has started at CanAlaska Uraniam Ltd.’s (CVV) 100 per cent owned Mouse Mountain copper-gold project near Quesnel, British Columbia.
A 1,600 metre drilling program will test multiple copper-gold targets along a large 1.5 kilometre zone defined by earlier exploration.
Omineca Mining and Metals Ltd. is leading the drilling and could earn a 50 per cent interest in Mouse Mountain by incurring 2,000 metres of diamond drilling and issuing 300,000 shares to CanAlaska.
CanAlaska President, Peter Dasler said the property lies within a major trend of Tier one porphyry copper and copper-gold deposits and is located close to established infrastructure.
“We are looking forward to working with Omineca to advance the existing discoveries.”
The geology hosts a hydrothermal system with copper-gold mineralization spread over a large area – over 1.5km along strike – associated with typical copper porphyry style alteration.
Additional smaller copper showings extend further out from this system indicating potential for a large-scale porphyry copper and gold system.
Previous drilling conducted by various companies focused on surface showings and related resistivity targets, and did not fully test the surrounding geophysical chargeability anomalies.
The last drill hole completed by Richfield (the previous property operator), intersected a non-magnetic monzonite breccia assaying 0.36 per cent copper between 398 to 418 meters depth. This hole is located immediately adjacent to the northern end of the large chargeability anomaly on the west flank of Mouse Mountain.
Mouse Mountain is located within the Quesnel Terrane, a major regional mineral belt that hosts alkaline and calc-alkaline porphyry copper-gold-molybdenum deposits.
The Quesnel terrane extends for 2,000 km northward from the Canada-US border and hosts among the province’s largest copper mining operations including the Gibraltar, Mount Milligan and Copper Mountain mines.
CanAlaska Uranium Ltd. holds interests in approximately 214,000 hectares in Canada’s Athabasca Basin.
CanAlaska Uranium Ltd. is up 1.27 per cent to C$0.40 per share at 12:42 pm EST.