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Thu Aug 25, 2022 KW Excerpt: Kaiser Watch August 25, 2022: Canalaska Uranium Ltd (CVV-V) Publisher: Kaiser Research Online Author: Copyright 2023 John A. Kaiser
(0:00:00): Canalaska Uranium reported results for what you called a discovery hole at its West McArthur project. Did it meet expectations?
Canalaska Uranium released assays for its hole #67 on August 22, 2022 confirming a major new huranium discovery in the Athabasca Basin. True width is not yet known though they assume the conductive structure dips to the southeast. The second rig has now completed a pilot hole and has joined the first rig in wedging around the discovery hole. These rigs are fine for drilling deep scout holes, but they are prone to deviation, which is a problem when trying to do small stepouts on a mineralized zone that begins between 800-900 m depth. So Canalaska's focus for now is to learn the structural framework in the vicinity of the discovery hole so that delineation drilling can get seriously underway in 2023 when they are wedging with a directional drill rig.
Location of Discovery Hole on New Conductor
Hole 67 and Assay Results
Examples of key Athabasca Basin deposits with geometry 100 m below unconformity highlighted
