The results from the drilling this summer follow 9.3% U3O8 over 16.2 metres from 797 metres depth in hole WMA082-12 reported last month. And there was the discovery in July showing 9.3 metres grading 11.62% radiometric equivalent U3O8 in hole WMA082-8. Cormark Securities has compared CanAlaska’s results to potential for “pearls on a string.”
The company found uranium mineralization in 11 of 12 unconformity tests at Pike this summer. The results indicate a strike length of about 200 metres including a high-grade area of 100 metres that remain open in all directions, it said. CanAlaska, which holds 83% of the project, is paying for this year’s exploration to increase its stake.
“Pike zone is starting to position itself into a possible world-class uranium discovery located just 12 km from the giant McArthur River uranium mine,” CanAlaska CEO Cory Belyk in a release. “Pike zone is growing rapidly in its…
