Core Insights - CanAlaska Uranium Ltd. has confirmed additional high-grade unconformity-associated uranium mineralization at the Pike Zone through recent geochemical assays [1][3][4] - The summer 2024 drill program at the West McArthur project revealed significant uranium intersections, including 17.0 metres at 10.81% U3O8 and 6.5 metres at 10.05% U3O8 [1][3][4] - The ongoing 2025 winter exploration program aims to expand and delineate the high-grade Pike Zone uranium discovery, with three drills currently active [35][37] Company Overview - CanAlaska Uranium is a leading explorer of uranium in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties [39] - The company operates the West McArthur project in joint venture with Cameco Corporation, holding an 85.97% ownership [1][39] - CanAlaska is fully financed for the 2025 drill season and focuses on Tier 1 uranium deposit discovery in a secure jurisdiction [39] Exploration and Drilling Results - The summer 2024 drill program consisted of 12 unconformity tests, with 11 containing uranium mineralization, indicating a strike length of approximately 200 metres [3][4] - Significant drillhole results include WMA082-12 with 17.0 metres at 10.81% U3O8 and WMA094-02 with 6.5 metres at 10.05% U3O8, including high-grade intervals [1][3][4] - The 2025 winter program is expected to achieve around 25 unconformity target intersections, optimizing drilling efficiency through advanced technology [36] Future Plans and Events - CanAlaska will showcase at the Swiss Mining Institute Conference on March 18th and 19th, 2025, to present its exploration progress [38] - The company plans to complete the winter portion of the 2025 exploration program by April [36]
Geochemical Assays Confirm Additional High-Grade Unconformity Uranium Mineralization at CanAlaska's Pike Zone