Core Viewpoint - CanAlaska Uranium Ltd. is mobilizing drill crews for a summer drill program focused on expanding the ultra high-grade Pike Zone uranium discovery in the West McArthur Joint Venture project, with a budget of $7.5 million for 2024 [9][10]. Group 1: Drill Program Details - The summer drill program will utilize two diamond drills for approximately 9,000 metres of planned drilling, aiming for 10 to 14 unconformity target intersections [10]. - Recent high-grade uranium intersections were reported, including 14.9% U3O8 over 9.6 metres in WMA082-6 and 9.9% U3O8 over 14.5 metres in WMA082-4 [9]. - The Pike Zone is interpreted to extend approximately 150 metres at the unconformity and 160 metres into the basement, with high-grade mineralization remaining open in all directions [2][12]. Group 2: Strategic Importance - The C10S corridor, which is sparsely tested, shows significant potential for additional high-grade mineralization based on recent positive results [3]. - CanAlaska holds an 83.35% ownership in the West McArthur project, which is operated in partnership with Cameco Corporation [9]. - The company is also exploring other properties in the Athabasca Basin, which is known for its rich uranium deposits [19]. Group 3: Management and Future Outlook - CEO Cory Belyk expressed optimism about the expansion drilling program at Pike Zone, indicating that continued success could be a turning point for the company and its shareholders [12]. - The summer portion of the exploration program is expected to be completed by September 2024 [17]. - Management representatives will attend the Cormark Securities Inc. Energy Inflection Conference on June 19, 2024, in Toronto [18].
CanAlaska Begins Summer Drill Program at West McArthur JV