CanAlaska

This project is located in the Southeastern Athabasca Basin in Saskatchewan and lies 15 km from the Key Lake mill complex. The past producing Key Lake Deposits are located 15 kilometers from the project boundary. The property is 100%-owned by CanAlaska Uranium Ltd.

The Nisku Property is located 10 km of the former Ruttan Mine. It is underlain by a volcano-sedimentary sequence similar to the one hosting the Ruttan deposit. Old drill holes show the presence of chalcopyrite in several horizons. A VTEM survey carried out in 2009 by Kria Resources outline a series of targets combining strong EM with good magnetic signatures.

The West McArthur project is located in the Eastern Athabasca Basin in Saskatchewan, between 6 and 30 kilometers west of the producing McArthur River mine (674.8 million pounds U₃O₈ at a grade of 16.99%).1Cameco’s Fox Lake deposit (inferred resource of 386.7 thousand tonnes at 7.99% U₃O₈ average grade for 68.1 million pounds uranium) is located immediately east of the property.2The West McArthur property was staked by CanAlaska in 2004 and optioned in April 2007 to Mitsubishi Development Pty Ltd., a subsidiary of Mitsubishi Corporation of Japan. In January 2016, CanAlaska Uranium Ltd. bought Mitsubishi’s 50% interest to hold 100% in the West McArthur property. Under an option agreement with Cameco signed in February 2016, drilling confirmed a new zone of high-grade uranium mineralization, the ’42 Zone’ at Grid 5. In late 2018 CanAlaska resumed Operatorship, with Cameco as a 30% JV partner. In 2022, CanAlaska announced the discovery of the Pike Zone on the West McArthur project.