The purpose of the VTEM Plus survey was to identify basement conductors, characterize lithological and alteration variations, refine the structural setting, and prioritize drill targets for the Geikie project. Preliminary survey results confirm the objectives have been met, with multiple target areas identified that consist of conductive anomalies associated with regional-scale fault structures. The survey was completed by
The primary target areas consist of a strong northeast trending conductor system, striking through the southern half of the property. A series of splays and offsets along this conductor are visible, often in correlation with intersections of regionally significant deep-seated north-south trending faults, interpreted to be part of the Tabbernor Fault System. In addition, historical drillholes completed on this conductor trend identified stratigraphically-controlled and structurally-enhanced graphite proximal to the main conductor. Graphite rich metasedimentary rocks are important hosts for basement-hosted uranium targets within and along the margins of the
The secondary target areas include conductivity anomalies associated with prominent regional north-south trending faults, also interpreted to be part of the Tabbernor Fault System, that were previously delineated in the airborne magnetic and radiometric survey. Recent discoveries near the Geikie project have spatial associations with north-south trending Tabbernor fault features. These deep-seated structural corridors may provide fluid conduits for the circulation of uranium-bearing fluids into the basement rocks. Uranium-bearing fluids penetrating conductive basement rocks provide a favourable depositional environment for basement-hosted uranium mineralization. Alteration associated with a mineralizing event may appear as a conductivity high along or in proximity to these north-south fault features.
NEXT STEPS
All preliminary data from the VTEM Plus survey has been received and final processed data is expected in Q2 2023. The Company will be undertaking subsequent modelling of the primary and secondary target areas that were identified, utilizing the final processed data, to generate a series of high priority drill targets.
Drill targets will be prioritized based on the stacking of geophysical and geological layers that have been collected on the project to date. These layers include airborne magnetics, radiometrics, and electromagnetics, in addition to geological prospecting and historical information compilation.
CanAlaska CEO,
Geikie Project Overview
The primary target on the Geikie project is basement-hosted uranium mineralization where uranium bearing structures intersect favourable intercalated pelitic and calc-silicate host rocks. The Geikie project is located within 10 km of recent discoveries of basement-hosted uranium mineralization at the nearby
The Geikie project is currently being sole-funded by
Other News
The Company is drilling on its West McArthur project in the eastern
In addition, the Company is drilling on its Key Extension project, located in the southeastern
The Company's Joint Venture partner,
The Company will be attending and presenting at the
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Email: cbelyk@canalaska.com
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
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