CanAlaska Announces Start of Drill Program at the Constellation Uranium Project

Core Viewpoint - CanAlaska Uranium Ltd. has announced the commencement of its 2025 drill program at the Constellation uranium project, marking the first drilling activity on this site, which is strategically located in the southeastern Athabasca Basin [2][8]. Group 1: Drill Program Details - The 2025 drill program will involve 1,100 to 1,400 meters of drilling, consisting of 3 to 4 drill holes targeting multiple areas identified through a recent helicopter-supported VTEM survey and ground prospecting [3][8]. - The drill program is fully funded by Bayridge Resources Corp. under an option earn-in agreement, which could lead to up to $5 million in exploration expenditures on the project [2][8]. Group 2: Geological Context and Target Areas - The Constellation project is situated in an area with favorable geology for basement-hosted uranium deposits, with strong electromagnetic conductors identified as potential targets for uranium mineralization [7][8]. - Target Area A has shown elevated uranium concentrations, with a maximum value of 52.5 ppm, while Target Area B has the highest concentration recorded at 488 ppm, indicating significant mineralization potential [9][10]. Group 3: Company Background - CanAlaska is a prominent explorer of uranium in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties and focusing on Tier 1 uranium deposit discovery [14]. - The company has a project generator model and has recently achieved success in the West McArthur high-grade uranium expansion, indicating a strong track record in uranium exploration [14].