CanAlaska’s Chymko property, totaling 32,603 ha, straddles the south-central edge of the present-day Athabasca Basin in Saskatchewan, Canada. The property is adjacent to the Virgin River Shear Zone, which hosts the Centennial and Dufferin Lake unconformity uranium deposits. The project area has been historically explored by regional airborne geophysical and ground lake sediment surveys. The Chymko property has experienced minimal drill testing with only two drillholes reaching the target depth, one of which intersected graphitic metasediments. The magnetic and electromagnetic surveys on the property define a prominent NW-SE structural pattern where electromagnetic conductors are concentrated in the magnetic lows. This geophysical relationship is typical of many unconformity uranium deposits in the Eastern Athabasca Basin. The property also contains the Chymko uranium showing, SMDI #2061, which consists of vein-controlled uranium mineralization in hydrothermally altered felsic gneisses in the basement rocks outside of the present-day Athabasca Basin. The company is actively seeking joint-venture partners for its Chymko project.
