CanAlaska Approves Moon Lake South JV Supplemental Budget
CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) has announced that the Moon Lake South Joint Venture (MLSJV) has approved a supplemental 2024 exploration budget. This budget will fund a fall drill program targeting newly identified conductivity anomalies along the CR-3 Corridor, which hosts high-grade uranium mineralization discovered in 2023 (2.46% U3O8 over 8.0 metres in drill hole MS-23-10A).
The MLSJV is 75% owned and operated by Denison Mines Corp., with CanAlaska holding a 25% stake. The fall program, set to commence in September, will include three drillholes totaling up to 1,800 metres. This decision follows a winter geophysical survey that revealed strong conductivity anomalies along the western edge of the CR-3 Corridor, which has shown uranium mineralization over a 4-kilometre strike length.
CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) ha annunciato che il Joint Venture Moon Lake South (MLSJV) ha approvato un budget esplorativo supplementare per il 2024. Questo budget finanzierà un programma di perforazione autunnale mirato a nuove anomalie di conducibilità identificate lungo il Corridoio CR-3, che ospita mineralizzazione di uranio ad alto grado scoperta nel 2023 (2,46% U3O8 su 8,0 metri nel pozzo di perforazione MS-23-10A).
Il MLSJV è di proprietà e gestione per il 75% della Denison Mines Corp., mentre CanAlaska detiene una partecipazione del 25%. Il programma autunnale, che inizierà a settembre, includerà tre perforazioni per un totale di fino a 1.800 metri. Questa decisione segue un'indagine geofisica invernale che ha rivelato forti anomalie di conducibilità lungo il bordo occidentale del Corridoio CR-3, che ha mostrato mineralizzazione di uranio su un tratto di 4 chilometri.
CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) ha anunciado que la Asociación del Joint Venture Moon Lake South (MLSJV) ha aprobado un presupuesto exploratorio suplementario para 2024. Este presupuesto financiará un programa de perforación de otoño dirigido a nuevas anomalías de conductividad identificadas a lo largo del Corridor CR-3, que alberga mineralización de uranio de alta ley descubierta en 2023 (2.46% U3O8 en 8.0 metros en el pozo de perforación MS-23-10A).
El MLSJV es 75% propiedad y operación de Denison Mines Corp., con CanAlaska poseyendo una participación del 25%. El programa de otoño, que comenzará en septiembre, incluirá tres pozos de perforación que suman hasta 1,800 metros. Esta decisión sigue a una encuesta geofísica invernal que reveló fuertes anomalías de conductividad a lo largo del borde occidental del Corridor CR-3, que ha mostrado mineralización de uranio en un tramo de 4 kilómetros.
CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF)는 Moon Lake South Joint Venture(MLSJV)가 2024년 추가 탐사 예산을 승인했다고 발표했습니다. 이 예산은 2023년에 발견된 고품질 우라늄 광물화가 있는 CR-3 Corridor를 따라 새롭게 확인된 전도성 이상을 목표로 하는 가을 시추 프로그램을 지원할 것입니다 (드릴 홀 MS-23-10A에서 8.0미터당 2.46% U3O8).
MLSJV는 Denison Mines Corp.가 75% 소유하고 운영하며, CanAlaska는 25%의 지분을 보유하고 있습니다. 9월에 시작될 예정인 가을 프로그램은 총 1,800미터의 3개의 시추 홀을 포함할 것입니다. 이 결정은 CR-3 Corridor의 서쪽 가장자리에서 강한 전도성 이상이 발견된 겨울 지구물리학 조사에 따른 것입니다. 여기서는 4킬로미터 길이에 걸쳐 우라늄 광물화가 나타났습니다.
CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) a annoncé que le partenariat Moon Lake South (MLSJV) a approuvé un budget d'exploration supplémentaire pour 2024. Ce budget financera un programme de forage automnal ciblant de nouvelles anomalies de conductivité récemment identifiées le long du Corridor CR-3, où une minéralisation d'uranium de haute qualité a été découverte en 2023 (2,46 % U3O8 sur 8,0 mètres dans le trou de forage MS-23-10A).
Le MLSJV est détenu et exploité à 75 % par Denison Mines Corp., CanAlaska détenant une participation de 25 %. Le programme automnal, qui doit commencer en septembre, comprendra trois forages totalisant jusqu'à 1 800 mètres. Cette décision fait suite à une enquête géophysique hivernale ayant révélé de fortes anomalies de conductivité le long du bord occidental du Corridor CR-3, où une minéralisation d'uranium a été observée sur une longueur de 4 kilomètres.
CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) hat bekannt gegeben, dass das Moon Lake South Joint Venture (MLSJV) ein zusätzliches Erkundungsbudget für 2024 genehmigt hat. Dieses Budget wird ein Herbstbohrprogramm finanzieren, das auf neu identifizierte Leitfähigkeitsanomalien entlang des CR-3-Korridors abzielt, der 2023 hochgradige Uranmineralisierung aufwies (2,46% U3O8 über 8,0 Meter im Bohrloch MS-23-10A).
Das MLSJV wird zu 75% von Denison Mines Corp. besessen und betrieben, während CanAlaska eine Beteiligung von 25% hält. Das Herbstprogramm, das im September beginnen soll, wird drei Bohrlöcher mit einer Gesamtlänge von bis zu 1.800 Metern umfassen. Diese Entscheidung folgt auf eine geophysikalische Untersuchung im Winter, die starke Leitfähigkeitsanomalien entlang der westlichen Kante des CR-3-Korridors aufdeckte, der eine Uranmineralisierung über einen 4 Kilometer langen Streifen gezeigt hat.
- Approval of supplemental 2024 exploration budget for fall drill program
- Identification of new conductivity anomalies along the mineralized CR-3 Corridor
- Previous high-grade uranium discovery in 2023 (2.46% U3O8 over 8.0 metres)
- Confirmed uranium mineralization over 4-kilometre strike length in CR-3 target corridor
- None.
Priority Geophysical Targets Identified During Winter Exploration Program
Drill Program Planned to Commence in September
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is pleased to report that the Moon Lake South Joint Venture ("MLSJV") has approved a supplemental 2024 exploration budget. The supplemental budget will be used to complete a fall drill program that will test newly identified conductivity anomalies along the mineralized CR-3 Corridor. The CR-3 corridor is host to high-grade uranium mineralization discovered in 2023 in drill hole MS-23-10A (
Figure 1 – Moon Lake South Project Location
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2864/219849_483bf5e0d429e825_001full.jpg
CanAlaska CEO, Cory Belyk, comments, "I am very pleased with results from the winter geophysical program that have highlighted additional untested targets in the vicinity of high-grade mineralization intersected in 2023. The CR-3 corridor is already host to a significant number of mineralized drillholes which highlight its discovery potential. I congratulate our partner, Denison, for outlining additional priority targets and bringing this supplemental budget to the JV for consideration and approval. CanAlaska and its shareholders can look forward to continued news flow from the Moon Lake South JV in the fall."
Figure 2 – Fall Drill Program Target Area Along CR-3 Corridor
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2864/219849_483bf5e0d429e825_004full.jpg
2024 Moon Lake South Fall Exploration Program
A Stepwise Moving Loop Electromagnetic survey was completed during the winter exploration program that revealed a series of strong conductivity anomalies along the western edge of the CR-3 Corridor on the Moon Lake South property (Figure 2). The CR-3 corridor is host to high-grade perched uranium mineralization discovered in 2023 in drill hole MS-23-10A which intersected
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQX: CVVUF; Frankfurt: DH7) is a Canadian based exploration company and holds interest in approximately 500,000 hectares (1,235,000 acres) in Canada's Athabasca Basin focused on exploration and discovery of high-grade unconformity uranium deposits. The Company is actively advancing the Pike Zone discovery - a new high-grade uranium discovery on its West McArthur Joint Venture project in the eastern Athabasca Basin. In addition, the Company has several other uranium-focused exploration programs. CanAlaska deploys a hybrid project generator model, focusing on the acquisition and sale of prospective projects, while also executing exploration programs on CanAlaska's most strategic land holdings. The Company's extensive portfolio has attracted international mining companies, including Cameco Corporation and Denison Mines as active partners. CanAlaska is led by an experienced team of professionals with a proven track record of discovery.
The Company's head office is in Saskatoon, Saskatchewan, Canada with a satellite office in Vancouver, BC, Canada. For further information visit www.canalaska.com.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium Ltd., who has reviewed and approved its contents.
On behalf of the Board of Directors
"Cory Belyk"
Cory Belyk, P.Geo., FGC
CEO, President and Director
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, CEO and President
Tel: +1.306.668.6900
Email: cbelyk@canalaska.com
General Enquiry
Tel: +1.306.668.6915
Email: info@canalaska.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219849
FAQ
What is the purpose of CanAlaska's supplemental 2024 exploration budget for Moon Lake South?
When is the fall drill program for Moon Lake South (CVVUF) scheduled to begin?
How many drillholes are planned for CanAlaska's (CVVUF) Moon Lake South fall 2024 program?
What was the significant uranium discovery made by CanAlaska (CVVUF) at Moon Lake South in 2023?
