The target area is south of CanAlaska’s Fond Du Lac project, and is located on the eastern part of the Helmer project. Previous airborne surveys provided strong evidence of conductive targets in the lower levels of the Athabasca sandstone, immediately above a strong zone of dislocation in the Grease River Fault system, the company said.
The Grease River Fault is a tectonic event in the Athabasca region, and the structure can be traced for over 200km, both inside and outside of the Athabasca Basin.
There are numerous zones with multiple mineralizing events of gold, nickel and uranium along the trace of the fault, indicating how it is a focus of fluid flow and mineralization.
The company tested a uranium-mineralized splay associated with the fault system on the adjacent Fond Du Lac project in September of 2009, and intercepted a uranium zone assaying 40.4m at 0.32% U(3)O(8).
The company plans to first test the target at Helmer, and then return to further drilling at Fond Du Lac. The Helmer drill program has been contracted to Driftwood Drilling, and will comprise of two-three reconnaissance drill holes to be completed before break-up. Additional targets are available for summer drilling. The drill is currently on site, and drilling is underway.
The company expects to have drilling approvals for the adjacent Fond Du Lac project in April, and will schedule further drilling around the Fond Du Lac deposit, and across the zone containing last September’s mineralized intercepts, weather and access conditions permitting.
