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CanAlaska and Cameco Form JV to Advance West McArthur Uranium Project, Canada

Published: December 19, 2018 |

[Click image to enlarge]

[Click image to enlarge]

CanAlaska Uranium Ltd. and Cameco Corporation have formed the West McArthur Joint Venture, with CanAlaska as operator and 70 percent owner.

At the December 6 JV meeting. operatorship was transferred, and a $2.4 million exploration budget was accepted for 2019 drilling and geophysics. The program of work will focus on extending the footprint of the three uranium mineralized discovery holes completed in 2017 and 2018. These drill holes define an extensive halo of uranium mineralization in the sandstone, extending over 1300 metres in length and extending over 700 metres in height above the unconformity, with uranium mineralized zones at and above the unconformity.

“The C10 conductor package within the West McArthur property, just four kilometres west of the Fox Lake uranium deposits, is showing strong evidence of multiple zones of uranium mineralization associated with cross trending fault structures. The current reconnaissance drilling has given us mineralized targets for detailed delineation. We look forward to operating the project and drilling to extend the current mineralized zones,” said CanAlaska President Peter Dasler.


About CanAlaska Uranium
CanAlaska Uranium Ltd. holds interests in approximately 152,000 hectares (375,000 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.

To stop by CanAlaska’s website, CLICK HERE


About Cameco
Cameco is one of the world’s largest uranium producers, a significant supplier of conversion services and one of two Candu fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world’s largest high-grade reserves and low-cost operations. Their uranium products are used to generate clean electricity in nuclear power plants around the world. They also explore for uranium in the Americas, Australia and Asia. Their head office is in Saskatoon, Saskatchewan.

To stop by Cameco’s website, CLICK HERE


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