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CanAlaska spends C$205,000 on exploration of Athabasca Basin

CanAlaska Uranium Ltd said on Thursday it invested C$205,000 in exploration in the Athabasca Basin area in the first six months of its year ended Oct 31, and that was up from the same period the previous year.

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Exploration picks up

CanAlaska Uranium Ltd (CVE CVV) said on Thursday it invested C$205,000 in exploration in the Athabasca Basin area in the first six months of its year ended Oct 31, and that was up from the same period the previous year.

In reporting its second-quarter results, CanAlaska said it currently has 19 projects within the Athabasca basin area.

Exploration spending in the first two quarters of 2017 is up from the same comparative quarters of 2016, as the company expended further resources toward its diamond claims and brownfield copper zinc claims during the period.

In the second quarter, the company historically spent the summer months interpreting data and preparing for its winter programs.

The explorer reported total assets swelled to C$2.8mln by Oct 31 from C$2.2mln on April 30.

The company recorded a total comprehensive loss of C$1.1mln in the three months to Oct 31 from C$177,00 in the same period in 2015.

Quick facts: CanAlaska Uranium Ltd

Price: 0.26 CAD

TSX-V:CVV
Market: TSX-V
Market Cap: $14.97 m
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