CanAlaska holds a 25% ownership in the Moon Lake South JV operated by our partner Denison Mines Corporation. The property is host to a five km long Northeast trending conductive corridor known as the CR-3 conductor. The CR-3 conductor is located two kilometres west of the K-trend, host to the Gryphon Deposit on Denison’s adjacent Wheeler River property. Drill programs in 2016 and 2021 identified uranium mineralization along the CR-3 conductor trend in three drillholes. In the winter of 2023, the Company announced a new discovery in MS-23-10A, which contained 8.7 metres at 1.37% eU3O8, including 3.1 metres at 2.88% eU3O8. The MS-23-10A mineralized intersection remains open for 1,200 metres to the northeast.
