| Announcement Date: | 2023-08-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | CanAlaska Uranium Ltd. |
| Project name: | West McArthur |
| Location: | Canada |
| Commodities: | Uranium |
| Highlight: | Drilling results incl. 2.6m at 2.80% U3O8 from 859.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia–(Newsfile Corp. – August 15, 2023) – CanAlaska UraniumLtd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce mobilization of the crews for the summer exploration drilling program. The Company is also pleased to report that it has received assay results from the 2023 winter drill program at the West McArthur project (the “Project”) in the Athabasca Basin (Figure 1). Geochemical assay results are highlighted by drill hole WMA079 which returned a high-grade intersection grading 2.80% U3O8 over 2.6 metres, including a sub-interval of 20.20% U3O8 over 0.3 metres. The assay results confirm uranium mineralization intersected in six of the nine drill holes completed during the winter program, including several intersections of unconformity-associated uranium mineralization at Pike Zone. The West McArthur project, a Joint Venture with Cameco Corporation, is operated by CanAlaska currently holding a 79.4% ownership in the project (Figure 1). CanAlaska is sole-funding the 2023 West McArthur program, further increasing its majority ownership in the Project. |
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