The Fond du Lac project is situated on the northern portion of the Athabasca Basin, Saskatchewan, where the Athabasca sandstone units comprise minimal thicknesses of 20-75 metres overlying the unconformity. The property is part of the Fond Du Lac Denesuline First Nation Reserve Lands, and CanAlaska is working under an option to acquire 49% stake in the project.
During 2008, the initial drilling identified alteration and mineralization within and outside the known uranium deposit. Detailed geophysical surveys have highlighted the existing target and indicated good widths and grades of uranium mineralization.
The company plans to complete a minimum 1200 metres of drilling on targets developed from the previous drill campaigns and from the recent geophysics, which will be continued into August 2009. The uranium mineralization is principally within the Manitou Falls Formation of the Athabasca Sandstone sequence at Fond du Lac, and has strong fracturing, intense silicification, zones of hematisation and minor clay alteration.
The company has two other crews working elsewhere in the Athabasca Basin, one crew at the Cree East Project, located in the southwestern part of the Athabasca basin. The third crew is operating on targets west of Fond du Lac. The company would be mobilizing to the Collins Bay Extension project in August 2009.
The drill samples from the Fond du Lac project were submitted to Acme Laboratories Vancouver, a Canadian Laboratory, for their Group 4B analysis. These samples were analysed for uranium and multi-element geochemistry by tri-acid digestion and ICP-MS.
CanAlaska is undertaking uranium exploration in twenty 100%-owned and two optioned uranium projects in Canada’s Athabasca Basin.
