Core Insights - CanAlaska Uranium Ltd. announced significant results from its ongoing winter diamond drill program at the Pike Zone, highlighting an ultra high-grade uranium intersection of 14.5 metres at 12.20% eU3O8, including 5.0 metres at 34.38% eU3O8, marking the best results to date for the project [1][2][4] Company Overview - CanAlaska Uranium Ltd. holds an 85.97% ownership in the West McArthur Joint Venture Project, which is operated in partnership with Cameco Corporation [1][4] - The company is focused on the exploration and discovery of high-grade unconformity uranium deposits in Canada's Athabasca Basin, with a landholding of approximately 500,000 hectares [21][22] Exploration Program Details - The 2025 winter exploration program aims to expand and delineate the ultra high-grade Pike Zone uranium discovery, located 20 km west of Cameco's McArthur River mine site [4][8] - Three drills are currently active, with one drill focusing on step-outs to the east, confirming the extension of high-grade mineralization [5][6] - The program is expected to achieve around 25 unconformity target intersections, utilizing advanced drilling technologies to enhance efficiency and accuracy [8] Drill Results - Drillhole WMA076-01 reported 14.5 metres at 12.20% eU3O8, with a notable section of 5.0 metres at 34.38% eU3O8, expanding the ultra high-grade footprint by at least 15 metres to the east [1][15] - Additional drillholes, such as WMA094-04, confirmed continuity of high-grade mineralization with 4.9 metres at 3.04% eU3O8, including 1.5 metres at 8.87% eU3O8 [6][16] - The ongoing drilling program is designed to evaluate mineralization continuity and identify additional high-grade zones within the Pike Zone [7][8]
CanAlaska Announces Best Uranium Intersection to Date at West McArthur's Pike Zone