CanAlaska Stakes 11,143 Hectare Constellation Project in Eastern Athabasca Basin
CanAlaska Uranium Ltd. recently announced the expansion of its exploration activities in the Eastern Athabasca Basin of Saskatchewan. CanAlaska will explore 11,143 hectares across its newly acquired Constellation Project, composed of six claim blocks. The exploration campaign plans to use integrated methodologies to evidence potential uranium mineralization.
The project is located approximately 250km east of Saskatoon and 25km east of the McArthur River mine. CanAlaska is leveraging its existing infrastructure and geoscience data to analyze the uranium potential of the region. CanAlaska’s Managing Director, Peter Dasler, stated in a press release “CanAlaska’s priority is to work towards developing the Saskatchewan assets with a goal of establishing a globally significant new uranium district.” In pursuit of this goal, CanAlaska has engaged Delorentos Applied Sciences Pty Ltd ( “DAS”) as its geological and geophysical consultants on the project.
The Constellation project is based on a systematic exploration approach, combining lithogeochemical survey data, Induced Polarization and resistivity surveys, and airborne hyperspectral surveys. Analysis of the survey results will be used to define potential anomalies that will be further investigated. Additionally, expansive land geochemical sampling plans will be implemented to identify uranium anomalies over a broad area and to better understand regional geochemical environment.
CanAlaska recently closed a non-brokered private placement of 13,333,344 common shares at a price of $0.08 per share. Proceeds from the placement will be used to fund exploration activities on its properties in the Eastern Athabasca Basin as well as for general corporate purposes. CanAlaska is committed to responsible and safe exploration and commits to demonstrating its ability to manage a viable uranium discovery in the region. With its modern exploration, CanAlaska is searching for another major uranium play in the Eastern Athabasca Basin.