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.