October 7, 2021
CanAlaska Uranium Ltd. (TSXV:CVV, BUY (S), David A. Talbot) announced it has signed the previously announced property option agreement with Durama Enterprises Ltd. which allows CanAlaska to earn up to 100% interest in Durama’s 17,665 ha Key Extension project located in the Athabasca Basin (read more). Work permit applications have been submitted to the Saskatchewan Ministry of Environment, the company has a planned ground gravity survey focusing on the Key Lake structure corridor targeting Eagle Point and Arrow uranium deposit analogues. Furthermore, a regional geological prospecting program and re-interpretation of a historical VTEM survey are also planned for the Key Extension project. Additionally, diamond drilling is planned for late 2022 targeting results of the ground gravity, VTEM re-interpretation, and geological prospecting. We view the acquisition of these additional claims positively as the application of modern exploration techniques on this highly prospective land package (the Key Lake deposits have produced over 150M lb U3O8) could result in a potential uranium discovery. Read more
