About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQX: CVVUF; Frankfurt: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.
CanAlaska is a project generator with a management technical team comprised of geologists with extensive experience identifying exploration targets in the Athabasca Basin that have led to significant uranium discoveries. CanAlaska’s primary focus is on advancing the West McArthur, Key Extension, and Cree East projects.
KEY URANIUM PROPERTIES
West McArthur Project
- Close to the world’s richest Uranium Mine, Cameco’s McArthur River
- Basement-hosted high-grade uranium discovery in Summer of 2022 on Grid 5 currently being evaluated
- Adjacent to Fox Lake Deposit, discovered by Cameco in 2013
- Over $25 million of work successfully identified 7 Target Areas
- Multiple exploration targets remain on property
- Objective: a large unconformity-basement uranium deposit
- CanAlaska is 78% owner and operator of Joint Venture with Cameco
KEY EXTENSION PROJECT
- Key Lake deposits and showings 15 km from project boundary
- Property Option Agreement signed allowing CanAlaska to earn
100% interest - Minimal drill testing despite prolonged regional exploration
- Key Lake structure and stratigraphy interpreted to trend onto
project - Objective: Basement-hosted uranium deposit discovery
- Planned 2023 exploration programs
CREE EAST PROJECT
- 35 kilometres from Cameco’s Key Lake Uranium Mine and Mill complex
- Objective: a large tier 1 unconformity Uranium deposit
- Priority targets in 9 areas with extensive Uranium bearing systems
- Actively seeking a joint venture partner
THOMPSON NICKEL BELT
CanAlaska has acquired eight properties in the Thompson Nickel Belt including: Manibridge, Resting Lake, Halfway Lake, Hunter, Strong, Moak North, Wilson, and Strong Extension.
The Thompson Nickel Belt is host to over 18 nickel deposits and is estimated to have produced over 5 billion pounds of nickel since 1959. The nickel deposits are hosted in the Opswagan Group, a sulphide-rich metasedimentary package intruded by ultramafics. The nickel deposits are located within the ultramafic sills or in the metasediments proximal to the sills.
RESTING LAKE PROJECT
- 115 kilometres southwest of Vale’s Thompson Nickel Mine
- Staked by CanAlaska in 2021 – airborne survey completed
- Project contains numerous nickel intersections
- Showings or deposits in the project area include Resting (90Mt @ 0.3% Ni), Amax and Reed
HALFWAY LAKE PROJECT
- 90 kilometres southwest of Vale’s Thompson Nickel Mine
- Staked by CanAlaska in 2021 – airborne survey completed
- Project contains numerous nickel intersections
- Immediately adjacent to the Halfway deposit: 900 kt @ 1.2% Ni
HUNTER PROJECT
- 20 kilometres north of Vale’s Thompson Nickel Mine
- One MEL and 11 claims totalling 12,520 hectares
- Project contains numerous nickel intersections requiring follow-up
- Property-wide airborne VTEM Plus Survey completed.
STRONG PROJECT
- 30 kilometres north of Vale’s Thompson Nickel Mine
- One MEL totalling 6,140 hectares
- 2007 VTEM survey identified numerous large targets none of which have been drilled
Further project detail is available at https://canalaska.com/project/thompson-nickel-belt/
To learn more about CanAlaska, please contact:
Cory Belyk, CEO
T: 306.668.6900
For more on the activity in the Athabasca Basin area and to see the digital map, go to https://digigeodata.com/area/athabasca-basin/