CanAlaska Starts Airborne Surveys at Frontier Project in Northeastern Athabasca Basin

Core Viewpoint - CanAlaska Uranium Ltd. has initiated high-resolution airborne surveys at its Frontier project in the northeastern Athabasca Basin, aiming to enhance its exploration strategy for basement-hosted uranium deposits near existing mill infrastructure [1][2][5]. Group 1: Project Overview - The Frontier project is located approximately 30 kilometers northeast of the McClean Lake mill complex and 35 kilometers north of Cameco's Eagle Point uranium mine [1]. - The project targets a 25-kilometer-long Roughrider Mineralized Corridor, which is known to host multiple uranium deposits [3]. - The first stage of exploration involves a Versatile Time-Domain Electromagnetic Plus (VTEM Plus) survey covering approximately 916 line-kilometers at 200-meter line spacing [3]. Group 2: Survey Details - Following the VTEM Plus survey, a high-resolution helicopter-borne magnetics and radiometrics survey will be conducted, consisting of approximately 3,651 line-kilometers at 50-meter line spacing [3]. - The surveys are expected to take six to eight weeks to complete, with final results anticipated in Q3 of 2024 [4]. Group 3: Strategic Importance - The surveys are a critical step in CanAlaska's exploration strategy, focusing on tier 1 basement-hosted uranium deposits in a region with significant geological similarities to known deposits [2][5]. - CanAlaska holds interests in approximately 500,000 hectares in the Athabasca Basin, positioning the company for potential discovery success in this rich uranium district [6].