CanAlaska – TSXV: CVV, OTC: CVVUF, FRA: DH7N

CanAlaska Uranium Ltd. (Stock Symbols – TSXV: CVV, OTCMKTS: CVVUF, Frankfurt: DH7N), is an exploration stage company. The company functions as a project generator and has large land holdings in northern Canada’s Athabasca Basin.

The company primarily explores for uranium, nickel, copper, gold, and diamond deposits. They have partnerships with major industry players including Cameco.

It holds interests in 15 projects covering an area of approximately 214,000 hectares of mining claims in the Athabasca region located across the provinces of Saskatchewan, Manitoba, British Columbia, and Alberta in Canada.

CanAlaska Uranium Project Portfolio
Project Portfolio. Source: CanAlaska Uranium

The company has published it’s current drilling program for properties this year, including its Waterbury and West McArthur projects.

CanAlaska Drilling and Exploration
Source: CanAlaska Uranium

From the company factsheet:

“CanAlaska Uranium Ltd. is focused on a series of uranium discoveries on our West McArthur project in Canada’s Athabasca Basin. The Company operates a Joint Venture project with Cameco Corp. Ten reconnaissance drill holes, spaced over 1.7km (one mile), identified multiple uranium zones and targets. Capping these targets is one of the largest mineralized alteration halos in the eastern Athabasca and at Grid 5 we now have evidence for multiple mineralized horizons. Drilling in summer 2019 focused on the centre of this large target and produced multiple uranium intersections leading to high-grade mineralization (7.95% U3O8) in the final drill hole of the season. Field work in 2020, highlighted the strength of the uranium mineralizing system in this area, as well as further hydrothermal alteration in reconnaissance drill holes located on trend to the south. Here, the key conductive horizons coalesce, along with strong structural deformation. Summer drilling is planned for both target areas.”

The company was formerly known as CanAlaska Ventures Ltd. and changed its name to CanAlaska Uranium Ltd. in October 2006.

CanAlaska Uranium Ltd. was founded in 1985 and is headquartered in Vancouver, Canada.

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