June 28, 2022
CanAlaska Uranium Ltd. (TSXV:CVV, BUY (S), David A. Talbot) has commenced an airborne magnetic and radiometric survey at its Key Extension uranium project in the Athabasca Basin. The results from this survey are to be integrated with recently completed ground gravity surveys to prioritize a summer prospecting program. The recent gravity surveys had identified large gravity low features which are located at the boundary between the Wollaston and Mudjatik domains and the interpreted location of the Key Lake fault (read more). These zones are the key targets for future drilling. The company also announced that it has received exploration permits for diamond drilling and additional geophysical surveys on the project. While exploration work is ongoing at Key Lake, we highlight that the company has simultaneously mobilized drill crews at its West McArthur uranium project. Additionally, a lot of eyes are tuned into its nickel properties in the Thomson Nickel Belt, amidst rising demand for the battery metals. An inaugural drill program is underway at the Manibridge project (read more), and recent geophysical surveys at the Hunter Ni project are expected to define and prioritize targets for drilling (read more). Presenting at Red Cloud’s Summer Uranium Conference 2022, management highlighted that the company might be on the cusp of new discovery (watch replays here). Read more
