Focus to extend Grid 5 north discoveries with
2019 drill program
Multiple additional targets in 1.3 km long zone
Vancouver, Canada, December 11, 2018 -- CanAlaska Uranium Ltd.
DH7N)) (the "Company") reports that CanAlaska and
Cameco Corporation have formed the "West McArthur Joint
Venture", with CanAlaska as Operator and 70% owner. At the
December 6 JV meeting Operatorship was transferred, and a $2.4M
exploration budget was accepted for 2019 drilling and
geophysics. The program of work will focus on extending the
footprint of the three uranium mineralized discovery holes
completed in 2017 and 2018. These drill holes define an
extensive halo of uranium mineralization in the sandstone,
extending over 1300 metres in length and extending over 700
metres in height above the unconformity (figures1&2), with
uranium mineralized zones at and above the unconformity.
West McArthur uranium discovery
In August 2017 Cameco intersected the first high grade uranium
mineralized intervals on the northern portion of the five-kilometre
long Grid 5 target area at the West McArthur uranium project.
The project extends over 36,000 hectares and the eastern
boundary is 6 kilometres (4 miles) northwest of Cameco's
majority-owned McArthur River uranium mine and associated
To date three holes have intersected mineralization, up to a
maximum of 1.51% U3O8 over 5.5 metres. The main anomalous zone
is centered on a noticeable bend in the three recognizable
conductors, (the "C10" graphitic conductor package). Four
kilometres to the east, the C10 conductor hosts the Cameco/Orano
Fox lake high grade uranium deposit.
An extensive geochemical halo of uranium/boron/base-metals has
formed in the altered sandstone above the targets. At this stage
it is not known if mineralization is confined to any particular
conductor horizon ("C10", "C10 north" or "C10 south"), but it is
possible that the offsetting fault structures could control
mineralization on each of the conductive trends.
The most obvious target for the next drilling will be close to
the intersections in drill holes WMA042 and WMA042A, where a
five metre uranium mineralized horizon was intersected at the
unconformity. The nearest drill hole (WMA044) is 127 metres to
the SSE, and this has not explained the basement offset between
the target and drill hole WMA035, which is 300 metres to the SE.
Drill holes WMA045 located 300 metres to the NE is mineralized
with uranium, and drill hole WMA050 a further 350 metres to the
northeast has strongly anomalous uranium high in the sandstone
column. Each indicate mineralized structures which crosscut the
basement conductor package.
CanAlaska president Peter Dasler comments, "The C10 conductor
package within the West McArthur property, just four kilometres
west of the Fox Lake uranium deposits, is showing strong
evidence of multiple zones of uranium mineralization associated
with cross trending fault structures. The current reconnaissance
drilling has given us mineralized targets for detailed
delineation. We look forward to operating the project and
drilling to extend the current mineralized zones."
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV;
holds interests in approximately 152,000 hectares (375,000
acres), in Canada's Athabasca Basin -- the "Saudi Arabia of
Uranium." CanAlaska's strategic holdings have attracted major
international mining companies. CanAlaska is currently working
with Cameco and Denison at two of the Company's properties in
the Eastern Athabasca Basin. CanAlaska is a project generator
positioned for discovery success in the world's richest uranium
district. The Company also holds properties prospective for
nickel, copper, gold and diamonds. For further information visit
About Cameco Corporation
Further information on Cameco can be found at
The qualified technical person for this news release is Dr Karl
Schimann, P. Geo, CanAlaska director and VP Exploration.
behalf of the Board of Directors
Peter Dasler, P. Geo.,
President & CEO
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
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