- CanAlaska Uranium (CVVUF, Financial) successfully completes a winter drill program at the Cree East Project, marking the first drilling activity in over a decade.
- Significant findings include hydrothermal alteration and elevated radiometry up to 300 cps, indicating potential uranium-bearing fluids.
- The project is 100% owned by CanAlaska and funded by Nexus Uranium Corp, with assay results pending.
CanAlaska Uranium Ltd. (CVVUF) has announced the successful completion of its winter drill program at the Cree East Project, located in Saskatchewan's Athabasca Basin. This operation marked the first drilling effort on the site in more than ten years, encompassing seven diamond drill holes, with a total depth of 3,339 meters, primarily targeting Area B.
The drilling program revealed extensive hydrothermal alteration and graphitic fault zones, along with elevated radiometry readings that reached up to 300 counts per second (cps). Notably, drillhole CRE094 demonstrated significant hydrothermal alteration, marked by strong bleaching and multiple fault intervals. These features were identified over approximately 450 meters of strike length, indicating potential uranium-deposit indicators in the area.
Situated around 35 kilometers west-northwest of the Key Lake Mine and Mill complex, the Cree East Project is wholly owned by CanAlaska and is being financially supported by Nexus Uranium Corp through an option earn-in agreement. Out of the seven drill holes, five successfully penetrated the target unconformity horizon, while two failed due to technical difficulties. The company is currently awaiting assay results to further evaluate the mineralization potential identified in the winter 2025 exploration program.
