Connect with us

Hi, what are you looking for?

Investing

“CanAlaska Lights Up the Sky with 11,143 Hectares on the Constellation Project!

CanAlaska Uranium Ltd. recently suppressed a massive land acquisition in the eastern Athabasca Basin in Canada, known as the Constellation Project. The company has staked 11,143 hectares with an inferred focus on exploration and development of uranium in the area.

Unlike other uranium mines, such as Cigar Lake and McArthur River, which use underground mining to access the uranium-enriched ore bodies, the Constellation Project deploys a different strategy for developing the deposit: open-cut mining. This process involves the stripping of surface land and then mining the upper layer of the earth to access the ore.

The property is highly prospective for uranium due to the presence of uranium-enriched shear-zone gneiss, ensuring CanAlaska’s exploration and potential success in the region. Geophysical surveys have uncovered the presence of hydrothermally mineralized structures in the same location, with self-potential geophysical plateaus suggesting possible uranium mineralization.

The folds and metasomatism of the area provide ample evidence of the basins immense potential for hosting high grade uranium deposits and more exploration in the region is warranted. Furthermore, the project location accessible via highway and is ideally situated in an area with nearby road, rail, and hydro infrastructure. This facilitates the extraction and transport of the ore, accelerating the development of the project.

CanAlaska is eagerly developing exploration programs and plans towards a definition of the resource in the area in 2021. With the vast potential of uranium in the Eastern Athabasca Basin, this project could be yet another success story for the company.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Getchell Gold Corp, a junior miner exploring gold mining in Nevada, has just initiated trading on the Frankfurt Exchange under the symbol GGA1. Getchell...

    Stock

    With government issues, i.e. bonds, it is essential to consider the “long term trend” in order to get the most benefit and create wealth...

    Latest News

    France has announced the release of François Santoni, a French official that had been held by Niger security forces since July 7. The French...

    Investing

    Exploration results from the latest Bigfoot Drilling Program at the Tatiggaq Project in Canada’s Thelon Basin, Yukon-Northwest Territories region have demonstrated that the uranium...

    Disclaimer: Incomeinvestingsinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 Incomeinvestingsinsider.com