CanAlaska launches $10 million uranium program CanadiansInvest
Drilling will focus on advancing the Pike Zone uranium discovery which is located 20 kilometres southwest of Cameco and Orano Canada Inc.’s McArthur River uranium mine. The Pike Zone, discovered in July of 2022, lies along a structural corridor that hosts the company’s 42 Zone as well as the nearby Fox Lake uranium deposit , immediately to the northeast and discovered by Cameco and Orano.
To date, uranium mineralization has been intersected between 20 and 100 metres vertically below the unconformity. Meanwhile, the company is preparing for its first drilling program on the Key Extension project, located in the southeastern Athabasca region near the Key Lake mine and mill complex. The 2023 Key Extension drill program, which is expected to begin in early February, will focus on exploration of newly defined targets generated through a series of geophysical programs completed in 2022.
Saskatchewan’s Athabasca Basin, the world’s richest uranium region. In 2020, the Athabasca Basin accounted for approximately 8.1% of the global primary uranium production.
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