viewCanAlaska Uranium Ltd

Canalaska Uranium poised for Cameco drilling at West McArthur this week

The drilling will be carried out by partner Cameco, the company said

West McArthur is a uranium property

Project generator Canalaska Uranium Ltd (CVE:CVV) says drilling is planned to start this week at the West McArthur uranium property in the Athabasca basin, as it updated on operations.

The work includes 6,200 metres  of drilling (six to seven drill holes) in the vicinity of the West McArthur discovery made last summer.

It will be carried out by partner Cameco as part of its two part $12.5 million option to earn a 60% interest in West McArthur.

Meanwhile, the firm has recently acquired four new claims groups in the western Athabasca Basin for diamond exploration, three of these just north of current claims in the Patterson Lake area.

Elsewhere, in  Manitoba, it has bought licences  in the Thompson Nickel Belt and additional targets have been developed on the Strong and Hunter properties.

On the Strong property a series of anomalies with characteristics similar to nearby nickel deposits have been modeled - six of these are high priority for drill testing.

On the Hunter property, previous drill intersections of nickel await follow-up. There is extensive ground geophysical survey coverage here and it is planned to integrate this with a further airborne survey this year.

These two properties are being marketed to third party interests, said Canalaska.

Canalaska shares in Toronto eased 2.79% to C$0.35.

Quick facts: CanAlaska Uranium Ltd

Price: 0.205 CAD

Market: TSX-V
Market Cap: $11.8 m

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