CanAlaska Uranium Ltd

CanAlaska says drilling to start at Patterson West

The Canadian exploration stage company said the current financing initiative announced October 28 has been postponed.

CanAlaska shares have lost 30% this year.

CanAlaska Uranium (CVE:CVV, OTCMKTS:CVVUF), an exploration stage company, said it has been informed by Makena Resources that drilling crews are on site, and drilling is about to commence at the Patterson West project.

CanAlaska also announced that the current financing initiative announced October 28 has been postponed, pending further corporate developments and market support.

Drilling will test an intense 1.5 kilometers by 0.5 kilometers gravity anomaly situated along a major geological domain boundary, the Vancouver, British Columbia-based company said in a statement on Friday.

Patterson West is located adjacent to the PLS claims of Fission Uranium, and 10 kilometers northwest of their Triple R deposit.

CanAlaska owns a 100% interest in three properties in the southwest region of the Athabasca Basin.

Shares rose 5% to $0.105 at 12:14 p.m. in Toronto. The stock is down 30% this year.

Quick facts: CanAlaska Uranium Ltd

Price: $0.24

Market: TSX-V
Market Cap: $10.91 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Empower Clinics begins trading on the OTCQB under the ticker...

Empower Clinics (CSE: CBDT-OTC: EPWCF) Chairman and CEO Steven McAuley sat down with Steve Darling from Proactive Vancouver to share news the company is now trading in the United States. Empower is now listed on the OTCQB market and McAuley talks about what this means for the company and...

1 hour, 54 minutes ago

2 min read