- Drillhole WMA082-12 intersected 17.0 metres at 10.81% U3O8, including 10.5 metres at 17.30% U3O8.
- Drillhole WMA094-02 intersected 6.5 metres at 10.05% U3O8, including 2.0 metres at 31.33% U3O8.
Saskatoon, Canada, March 18, 2025 CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQX: CVVUF; Frankfurt: DH7) (“CanAlaska” or the “Company”) is pleased to report that it has received the remainder of the assay results from the summer 2024 drill program completed on the Pike Zone at the West McArthur project (the “Project”).
Geochemical assay results confirm an additional high-grade composited unconformity-associated uranium intersection on L85E in WMA082-12, which intersected 17.0 metres at 10.81% U3O8, including 10.5 metres at 17.30% U3O8. In addition, geochemical assay results confirm multiple high-grade composited unconformity-associated uranium intersections on expansion drilling to the west on L0 and L15W. Expansion drilling confirmation results are highlighted by WMA094-02, which intersected 6.5 metres at 10.05% U3O8, including 2.0 metres at 31.33% U3O8, and WMA094-01, which intersected 9.0 metres at 5.54% U3O8, including 3.6 metres at 12.60% U3O8.
Figure 1 – Project Location Map
“Assay confirmation of the high-grade uranium mineralization drilled in the summer 2024 program should provide ample evidence to our shareholders that the CanAlaska team has a strong grasp on our radiometric equivalent grade calculations. Final assay results from the summer drill program provide continued confidence in our approach to distribute timely results to market from our high-grade Pike Zone discovery as the drilling programs progress. With three drills currently working, the CanAlaska team remains focused on definition and expansion of this new uranium discovery in the eastern Athabasca Basin located just 20 kilometres from the giant tier-1 McArthur River uranium mine.”
— Cory Belyk, CEO
Figure 2 – Plan View Showing Confirmed Summer Assay Results
The 2024 summer drill program on the West McArthur project consisted of 12 unconformity tests at the Pike Zone, 11 of which contained uranium mineralization. The results of the summer drill program indicated a strike length of uranium mineralization along the unconformity target area of approximately 200 metres that remains open in all directions. Multiple drill fences within the unconformity target area defined a high-grade core that remains open and extends over 100 metres in strike length. The assay results received from the summer program to date confirm the high-grade radiometric equivalent grades previously reported on the Project.
Figure 3 – Section View of L0 and L85E
Drillhole Details
- WMA082-12 was completed along L85E. It intersected a main interval of unconformity-associated uranium mineralization characterized by massive to semi-massive, blebby, disseminated, and structurally controlled mineralization associated with strong sooty pyrite, bright red hematite, and intense grey clay replacement alteration.
- WMA082-14 was completed along L85E, intersecting several intervals of basement-hosted uranium mineralization throughout the graphitic pelite.
- WMA082-15 was completed along L70E, intersecting two intervals of basement-hosted uranium mineralization.
- WMA094 was completed along L0, intersecting one main interval of unconformity-associated uranium mineralization.
- WMA094-01 was completed along L15W, intersecting one main interval of unconformity-associated uranium mineralization.
- WMA094-02 was completed along L0, intersecting several narrow intervals of sandstone-hosted uranium mineralization.
Table 1 – WMA082-12 Intersections with Geochemical Assay and Radiometric Equivalent Intervals
Table 2 – WMA082-14 Intersections with Geochemical Assay Intervals
Table 3 – WMA082-15 Intersections with Geochemical Assay Intervals
Table 4 – WMA094 Intersections with Geochemical Assay and Radiometric Equivalent
Intervals
Table 5 – WMA094-01 Intersections with Geochemical Assay and Radiometric Equivalent Intervals
Table 6 – WMA094-02 Intersections with Geochemical Assay and Radiometric Equivalent Intervals
Table 7 – WMA094-03 Intersections with Geochemical Assay and Radiometric Equivalent Intervals
2025 West McArthur Winter Exploration Program Update
The ongoing 2025 West McArthur winter program is focused on continued expansion and delineation of the high-grade Pike Zone uranium discovery. The Company recently announced results from the first five drillholes completed as part of the winter 2025 program, which indicate high-grade uranium mineralization in all three target areas (see News Release dated February 5th, 2025).
The February results were highlighted by a step-out to the east of the high-grade mineralization intersected during the 2024 exploration program, which intersected 14.5 metres at 12.20% eU3O8, including 5.0 metres at 34.38% eU3O8 at the unconformity.
Other News
CanAlaska Uranium will showcase at the Swiss Mining Institute (SMI) Conference on March 18th and 19th, 2025, at the Dolder Grand Hotel in Zurich.
Contact Information
CanAlaska Uranium Ltd.
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
Forward-Looking Statements
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. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. 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. Actual events or results may differ materially from those projected in the forward-looking statements and the Company cautions against placing undue reliance thereon. The Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
