CanAlaska’s Intrepid West property, totaling 29,489 ha, is located in the northeastern Athabasca Basin. The project is located just inside the northeastern edge of the present-day Athabasca Basin approximately 20 kilometres north of the high-grade Hurricane Uranium Deposit. The Intrepid West project is well situated in relation to several other projects in the Company’s portfolio and to critical infrastructure such as power, road, and the McClean Lake uranium mill.
The Project is covered by approximately 200 – 400 m of Athabasca Basin sandstone that is underlain by basement rocks of the Mudjatik Domain. The Project has undergone minimal exploration despite proximity to Highway 905 and the McClean Lake Mill. Exploration during the 1960’s – 1980’s consisted of reconnaissance scale airborne geophysical surveys for magnetics, electromagnetics, and radiometrics. These geophysical surveys were followed by geological mapping and wide-spaced prospecting and lake sediment geochemistry programs both on the Project and surrounding trends. The lake sediment geochemical surveys along trend identified anomalous uranium values, up to 15.1 ppm uranium, just off property. A MEGATEM survey was conducted that covered all of the Intrepid West Project in the mid-2000’s and identified a series of EM anomalies within the Project.
A series of east-west trending magnetic low structural corridors have been identified, which are interpreted to represent belts of metasedimentary rocks. Additionally, numerous north-south trending magnetic low structural corridors have been identified that offset the east-west trends and are interpreted to be related to the large-scale Tabbernor fault system. The Company believes the intersection between these north-south structural trends and the east-west trending metasedimentary rocks may create important conduits and structural traps for hydrothermal activity and the deposition of uranium, as observed elsewhere in the Athabasca Basin. The Company is actively seeking joint-venture partners for its Intrepid West project.
