CanAlaska Uranium has reported the preliminary results for summer drilling on the company's Cree East uranium project in the South Eastern Athabasca Basin.
The project is a joint venture between CanAlaska and the Korean Consortium, comprising Hanwha, Korea Electric Power (KEPCO), Korea Resources (KORES) and SK Energy.
Currently, the Korean Consortium owns a 43% ownership interest in the joint venture (JV) in which drilling has just finished on the project, which is operated by CanAlaska on behalf of the JV.
A total of 10,060m was drilled in the summer season, comprising drill holes CRE044 to CRE070 and twenty two of the drill holes were successfully completed to intended basement depths.
The drilling targeted three areas are Zones A, G and H.
In Zones A and G, the drill holes progressively intersected broken rock and disaggregated sandstone overlying hydrothermal clay alteration and hematite-rich uranium bearing zones.
There is significant basement-hosted uranium mineralization within drill holes across the postulated trend of the mineral belt through Zone G in the southern portion of the property.
Gamma probe analysis show a short section registering up to 4,680cps in DDH CRE047, and flanked by high background radiation over 300m in adjacent holes CRE045, CRE049 and CRE057.
There is also high background uranium in the basement sections of holes CRE029, CRE030 and CRE033, located 300m further east along the E-W Long Section G1-G1′.
On section G-G’, graphitic pelite horizons were intersected in drill hole CRE049, and gamma probing registered up to 4,750 cps, indicating uranium mineralization.
Immediately to the west of Zone G, a fence of three reconnaissance holes were drilled in Zone H.
Graphitic pelites were intersected in the central drill hole of the fence where drill hole CRE055 in the west showed the most fracturing in the sandstone.
At target Zone A, the prime focus of this season’s drilling, activity was suspended in mid-summer due to forest fire activity, but resumed in early September.
In this area, the company had previously defined a major E-W break associated with hydrothermal alteration in the sandstone and basement rocks.
A series of holes across the main E-W fault break intersected further intense hematization and clay mineralization, as well as a narrow zone of pitchblende (U(3)O8) mineralization in a brecciated marble unit, in drill hole CRE067.