CanAlaska Advances Geikie Uranium Project Exploration with Airborne Gravity Survey in the Athabasca Basin

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQX: CVVUF) is a uranium exploration company focused on the Athabasca Basin in Canada, known as the "Saudi Arabia of Uranium." With strategic land holdings totaling approximately 350,000 hectares, CanAlaska has attracted major mining companies like Cameco and Denison to joint venture projects. The company takes a project generator approach, advancing early-stage exploration on its properties before seeking partners to further exploration. This allows CanAlaska to maximize exploration dollars and participate in discoveries across a diversified portfolio of projects.

Latest Developments

Geikie

Following last weeks results drill results at the Geikie project, CanAlaska has now commenced an airborne gravity survey at the project, near the eastern edge of the Athabasca Basin. The survey will cover 1,838 line-kilometers and aims to identify areas of hydrothermal alteration that could host high-grade uranium deposits. Altered rocks in the basement have lower density, creating gravity lows that the survey can detect.

Initial drilling at Geikie earlier this summer intersected altered graphitic rocks and evidence of multiple structural reactivation events along fault zones. This hydrothermal alteration and structural complexity are important indicators for uranium deposition. The gravity survey will better define targets for follow-up drilling within this 15-kilometer-long structural corridor.

This work is funded by Basin Energy Limited, which can earn up to a 75% interest in Geikie by completing exploration expenditures.

West McArthur

Meanwhile, at the West McArthur project in the eastern Athabasca Basin, CanAlaska has started a two-drill program focused on expanding high-grade uranium mineralization at the Pike Zone discovery. The summer drilling also identified high-priority geophysical targets approximately 1.8 kilometers northeast of Pike that will be drill tested during this program.

West McArthur is operated by Cameco, which holds a majority interest in the project.

Investment Opportunity

With active exploration across a large portfolio of projects and strategic partners advancing key targets, CanAlaska offers investors tremendous leverage to new uranium discoveries in the world's premier jurisdiction.

The recent rally in uranium prices has renewed interest in exploration companies like CanAlaska that are positioned for discovery success. Its project generator model reduces dilution by utilizing partner funding for capital-intensive exploration programs. Furthermore, the diversified portfolio provides multiple shots on goal for a significant discovery.

As uranium sentiment improves, CanAlaska's vast strategic land holdings in the Athabasca Basin will become increasingly valuable. The company is advancing known zones of mineralization while also pursuing new targets identified with modern exploration techniques.

Investors have an opportunity to gain exposure to a deep portfolio of uranium exploration projects on the doorstep of the world's highest-grade uranium mines. With activity ramping up across its portfolio, CanAlaska is poised to benefit from renewed interest in uranium and any exploration success in the basin.