“This ultra high-grade intersection at the eastern end of Pike Zone is on an adjacent drill section and remains completely open on strike which is a very exciting outcome from the first few weeks of drilling,” CanAlaska CEO Cory Belyk said in a release.
“The style and grade of uranium mineralization we are encountering at (the) Pike zone continues to be very reminiscent of the nearby giant McArthur River tier one uranium deposit owned by Cameco and Orano.”
West McArthur is about 20 km west of Cameco’s McArthur River mine.
Thursday’s report follows strong drill results last year at Pike, where in October an “ultra high-grade” intersection cut 25.8 metres grading 6.47% U3O8, including 4 metres at 22.78% U3O8. That was in addition to strong results in September and July.
Uranium momentum
CanAlaska, which holds 85.97% of West McArthur in the JV with Cameco, sits in a sector buoyed by uranium…
