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CanAlaska Announces Geochemical Assay Results from Cree East Winter Drill Program

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CanAlaska Uranium (OTCQX:CVVUF) has reported assay results from its 2025 winter drill program at the Cree East Project in the southeastern Athabasca Basin. The program, the first in over a decade, completed seven diamond drill holes totaling 3,339 metres. The most significant results came from drillhole CRE094, which intersected basement-hosted uranium mineralization with grades of 0.05% U3O8 over 0.3m and 0.07% U3O8 over 0.3m.

The drilling program successfully identified graphitic host rocks with post-Athabasca structural reactivation, hydrothermal alteration, and elevated radioactivity. Notable pathfinder elements were detected, including elevated nickel (up to 1470 ppm), molybdenum (up to 562 ppm), and copper (up to 7540 ppm). The project, located 35 kilometres west-northwest of the Key Lake Mine, is currently being funded by Nexus Uranium Corp under an option earn-in agreement.

CanAlaska Uranium (OTCQX:CVVUF) ha comunicato i risultati delle analisi del suo programma di perforazione invernale 2025 presso il Progetto Cree East, situato nel sud-est della Bacino di Athabasca. Il programma, il primo dopo più di un decennio, ha completato sette fori diamantati per un totale di 3.339 metri. I risultati più rilevanti provengono dal foro CRE094, che ha intercettato mineralizzazione di uranio ospitata nel basamento con concentrazioni di 0,05% U3O8 su 0,3 m e 0,07% U3O8 su 0,3 m.

Il programma di perforazione ha identificato con successo rocce ospiti grafitiche caratterizzate da una riattivazione strutturale post-Athabasca, alterazione idrotermale e radioattività elevata. Sono stati rilevati elementi indicatori significativi, tra cui nichel elevato (fino a 1470 ppm), molibdeno (fino a 562 ppm) e rame (fino a 7540 ppm). Il progetto, situato a 35 chilometri a ovest-nordovest della miniera Key Lake, è attualmente finanziato da Nexus Uranium Corp tramite un accordo di opzione earn-in.

CanAlaska Uranium (OTCQX:CVVUF) ha informado los resultados de los ensayos de su programa de perforación invernal 2025 en el Proyecto Cree East, ubicado en el sureste de la Cuenca de Athabasca. El programa, el primero en más de una década, completó siete perforaciones diamantinas que suman 3,339 metros. Los resultados más significativos provinieron del taladro CRE094, que intersectó mineralización de uranio alojada en el basamento con grados de 0.05% U3O8 sobre 0.3 m y 0.07% U3O8 sobre 0.3 m.

El programa de perforación identificó con éxito rocas hospedantes gráficas con reactivación estructural post-Athabasca, alteración hidrotermal y radioactividad elevada. Se detectaron elementos indicadores notables, incluyendo níquel elevado (hasta 1470 ppm), molibdeno (hasta 562 ppm) y cobre (hasta 7540 ppm). El proyecto, ubicado a 35 kilómetros al oeste-noroeste de la mina Key Lake, está siendo financiado actualmente por Nexus Uranium Corp bajo un acuerdo de opción earn-in.

CanAlaska Uranium (OTCQX:CVVUF)는 동남부 아타바스카 분지에 위치한 Cree East 프로젝트의 2025년 겨울 시추 프로그램 분석 결과를 보고했습니다. 10년 만에 처음으로 진행된 이번 프로그램은 총 3,339미터에 달하는 7개의 다이아몬드 시추공을 완료했습니다. 가장 중요한 결과는 CRE094 시추공에서 나왔으며, 이곳에서 기저암 내 우라늄 광화가 의 등급으로 확인되었습니다.

이번 시추 프로그램은 아타바스카 이후 구조적 재활성화, 열수 변성 및 높은 방사능을 보이는 흑연질 호스트 암석을 성공적으로 확인했습니다. 니켈(최대 1470 ppm), 몰리브덴(최대 562 ppm), 구리(최대 7540 ppm) 등 중요한 탐사 지표 원소들도 검출되었습니다. Key Lake 광산에서 서북서 방향으로 35킬로미터 떨어진 이 프로젝트는 현재 Nexus Uranium Corp가 옵션 인수 계약에 따라 자금을 지원하고 있습니다.

CanAlaska Uranium (OTCQX:CVVUF) a publié les résultats des analyses de son programme de forage hivernal 2025 au projet Cree East dans le sud-est du bassin d'Athabasca. Ce programme, le premier en plus d'une décennie, a permis de réaliser sept trous de forage diamanté totalisant 3 339 mètres. Les résultats les plus significatifs proviennent du trou de forage CRE094, qui a intersecté une minéralisation d'uranium hébergée dans le socle avec des teneurs de 0,05% U3O8 sur 0,3 m et 0,07% U3O8 sur 0,3 m.

Le programme de forage a permis d'identifier avec succès des roches hôtes graphitiques présentant une réactivation structurale post-Athabasca, une altération hydrothermale et une radioactivité élevée. Des éléments pathfinders notables ont été détectés, notamment un nickel élevé (jusqu'à 1470 ppm), du molybdène (jusqu'à 562 ppm) et du cuivre (jusqu'à 7540 ppm). Le projet, situé à 35 kilomètres à l'ouest-nord-ouest de la mine Key Lake, est actuellement financé par Nexus Uranium Corp dans le cadre d'un accord d'option earn-in.

CanAlaska Uranium (OTCQX:CVVUF) hat die Analyseergebnisse seines Winterbohrprogramms 2025 beim Cree East Projekt im südöstlichen Athabasca-Becken veröffentlicht. Das Programm, das erste seit über einem Jahrzehnt, umfasste sieben Diamantbohrlöcher mit insgesamt 3.339 Metern. Die bedeutendsten Ergebnisse stammen aus dem Bohrloch CRE094, das eine im Grundgebirge liegende Uranmineralisierung mit Gehalten von 0,05% U3O8 über 0,3 m und 0,07% U3O8 über 0,3 m durchschnitten hat.

Das Bohrprogramm identifizierte erfolgreich graphitreiche Wirtsgesteine mit post-Athabasca-struktureller Reaktivierung, hydrothermaler Alteration und erhöhter Radioaktivität. Auffällige Spurenelemente wurden nachgewiesen, darunter erhöhte Nickelwerte (bis zu 1470 ppm), Molybdän (bis zu 562 ppm) und Kupfer (bis zu 7540 ppm). Das Projekt, das 35 Kilometer west-nordwestlich der Key Lake Mine liegt, wird derzeit von Nexus Uranium Corp im Rahmen einer Optionsvereinbarung finanziert.

Positive
  • Successful intersection of uranium mineralization in basement faults with grades up to 0.07% U3O8
  • Presence of significant pathfinder elements indicating potential uranium-bearing hydrothermal systems
  • Extensive hydrothermal alteration identified over 450 metres of strike length
Negative
  • Relatively low-grade uranium mineralization compared to typical Athabasca Basin deposits
  • Two drillholes were lost due to technical issues during the program

Basement-Hosted Uranium Mineralization Associated with Graphitic Fault Zones

Saskatoon, Saskatchewan--(Newsfile Corp. - July 24, 2025) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is pleased to report that assay results have been received from the 2025 winter drill program completed on the Cree East Project (the "Project") in the southeastern Athabasca Basin (Figure 1). The program, which was the first on the Project in over a decade, focused on a series of new high-priority targets identified based on the results of historical drilling and re-interpreted geophysical surveys in Target Area B. During the program, the Company successfully tested the graphitic stratigraphy and intersected associated basement and sandstone hydrothermal alteration, re-activated semi-brittle basement and sandstone faults, and uranium mineralization within the graphitic fault zones. Basement-hosted uranium mineralization was intersected in CRE094.

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Figure 1 – Project Location Map

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CanAlaska CEO, Cory Belyk, comments, "The Cree East project has returned some significant early drilling results from the first drilling program completed on the Project in over a decade. Uranium mineralization in basement faults and associated hydrothermal alteration in the basement and sandstone are indications that uranium mineralizing processes are present in the Cree East region. These results are an excellent guide for future exploration program design."

In April of 2025, the Company announced successful completion of the winter drill program (See News Release dated April 29th, 2025). The winter drill program consisted of seven diamond drill holes, five of which intersected the unconformity target horizon, for a total of 3,339 metres. Two drillholes were lost due to technical issues. All of the drillholes were completed in Target Area B due to encouraging results as the program progressed. The drill program results are highlighted by CRE094 which intersected extensive hydrothermal alteration consisting of strong bleaching, limonite, clay, and sooty pyrite in the lower sandstone column. In the basement of CRE094, a broad graphitic pelite interval was intersected that contained multiple fault intervals associated with bleaching, chlorite alteration, and localized structurally-controlled uranium mineralization (Table 1). The basement-hosted uranium mineralization is associated with common pathfinder elements including elevated nickel (up to 1470 ppm Ni), molybdenum (up to 562 ppm Mo), and copper (up to 7540 ppm Cu).

Table 1 - 2025 Cree East Winter Drill Program Geochemical Assay Intersections

DDHFrom
(m)
To
(m)
Length
(m)
3
Average Grade
(% U
3O8)
CRE0941,2504.9505.20.30.05
CRE0941,2578.5578.80.30.07
  1. CRE094 was drilled at an azimuth of 299˚ with an inclination of -72.0˚, collared at 428680 mE / 6363088 mN, 520.0 m A.S.L. (UTM NAD83 Z13N).
  2. Intersection interval is composited above a cut-off grade of 0.05% U3O8 with a maximum of 1.0 m of internal dilution.
  3. All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined.

 

The 2025 drilling program on the Cree East project successfully intersected graphitic host rocks showing evidence of post-Athabasca structural reactivation events, hydrothermal alteration, and elevated radioactivity. In the lower sandstone column, the Company also identified significant structure and hydrothermal alteration, now defined over approximately 450 metres of strike length. These features are commonly associated with basement-hosted uranium deposits. Results of the first drill program in over a decade on the Cree East project indicate evidence of potential uranium-bearing hydrothermal fluids moving through Target Area B.

The Cree East Project is located approximately 35 kilometres west-northwest of the Key Lake Mine and Mill complex. The Project is currently 100% owned by CanAlaska and work is being sole-funded by Nexus Uranium Corp under an option earn-in agreement with the Company (see News Release Dated March 19, 2024).

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Figure 2 – Cree East Drill Program Results 

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Geochemical Sampling Procedures and Scintillometer Readings

All assay drill core samples from the program, completed as NQ -sized core, were shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan in secure containment for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on downhole probing radiometric equivalent uranium grades and scintillometer (SPP2 or CT007-M) peaks. Assay sample intervals comprise 0.3 - 0.8 metre continuous half-core split samples over the mineralized intervals. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by CanAlaska and the SRC in accordance with CanAlaska's quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by CanAlaska prior to disclosure.

All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined.

About CanAlaska Uranium

CanAlaska is a leading explorer of uranium in the Athabasca Basin of Saskatchewan, Canada. With a project generator model, the Company has built a large portfolio of uranium projects in the Athabasca Basin. CanAlaska owns numerous uranium properties, totaling approximately 500,000 hectares, with clearly defined targets in the Athabasca Basin covering both basement and unconformity uranium deposit potential. The Company has recently concentrated on the West McArthur high-grade uranium expansion with targets in 2024 leading to significant success at Pike Zone. Fully financed for the upcoming 2025 drill season, CanAlaska is focused on uranium deposit discovery and delineation in a safe and secure jurisdiction. The Company has the right team in place with a track record of discovery and projects that are located next to critical mine and mill infrastructure.

The Company's head office is in Saskatoon, Saskatchewan, Canada with a satellite office in Vancouver, BC, Canada.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium Ltd., who has reviewed and approved its contents.

On behalf of the Board of Directors
"Cory Belyk"
Cory Belyk, P.Geo., FGC
CEO, President and Director
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, CEO and PresidentGeneral Enquiry
Tel: +1.306.668.6900Tel: +1.306.668.6915
Email: cbelyk@canalaska.comEmail: info@canalaska.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Actual events or results may differ materially from those projected in the forward-looking statements and the Company cautions against placing undue reliance thereon. The Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259860

FAQ

What uranium grades did CanAlaska Uranium (CVVUF) report from the Cree East winter drilling program?

CanAlaska reported uranium grades of 0.05% U3O8 over 0.3m and 0.07% U3O8 over 0.3m from drillhole CRE094 in the basement-hosted mineralization.

How many drill holes did CanAlaska complete in the Cree East 2025 winter program?

CanAlaska completed seven diamond drill holes totaling 3,339 metres, with five holes reaching the unconformity target horizon and two holes lost due to technical issues.

What pathfinder elements were found in the Cree East uranium mineralization?

The mineralization showed elevated levels of pathfinder elements including nickel (up to 1470 ppm), molybdenum (up to 562 ppm), and copper (up to 7540 ppm).

Where is the Cree East Project located and who is funding it?

The Cree East Project is located 35 kilometres west-northwest of the Key Lake Mine and is being sole-funded by Nexus Uranium Corp under an option earn-in agreement with CanAlaska.

What were the key findings from CanAlaska's Cree East drilling program?

The program identified graphitic host rocks with post-Athabasca structural reactivation, hydrothermal alteration, elevated radioactivity, and uranium mineralization in basement faults, indicating active uranium mineralizing processes in the region.
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