| Announcement Date: | 2023-04-19 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | CanAlaska Uranium Ltd. |
| Project name: | Moon |
| Location: | Canada |
| Commodities: | Uranium |
| Highlight: | Drilling results incl. 8.7m at 1.38% U3O8 from 417.75m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, Canada, April 19, 2023 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQX: CVVUF; Frankfurt: DH7N) (“CanAlaska or the “Company”) is pleased to report that drill hole MS23-10A has intersected 1.38% eU3O8 over 8.7 metres, including 2.88% eU3O8 over 3.1 metres, as part of the recently completed winter exploration program at the Moon Lake South property. Uranium mineralization was encountered in four of the six drill holes completed during the winter. The objective of the 2023 winter drill program was to further evaluate the uranium mineralization identified in 2021. Results of the winter exploration program, combined with previous drill programs, has now confirmed uranium mineralization in multiple zones over a strike length of 4-kilometres along the CR-3 target corridor. The Moon Lake South JV Project is operated by Denison Mines Corp. (“Denison”) and CanAlaska holds a 25% ownership in the project (Figure 1). CanAlaska is funding the Company’s share of the 2023 exploration program. |
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