ONTARIO – Just as the high price of nickel is allowing companies to take a fresh look at old mines in the Sudbury Basin, the high price of uranium is making Elliot Lake an attractive exploration target again. CANALASKA VENTURES of Vancouver has acquired the Pardee uranium deposit and additional uraniferous conglomerate units nearby. The company believes the Pardee deposit contain 7.5 million lb of uranium.
CanAlaska recently staked claims in Joubin Twp, 10 km east of Elliot Lake. Underground diamond drilling here in the early 1950s indicated the presence of 5.39 million tons of mineralization averaging 0.07% U3O8. The claim group also extends to the west of this zone where previous diamond drilling of a 3-m-thick conglomerate bed intersected mineralization of 0.064% U3O8.
In Gaiashk Twp., the company has a group of claims that includes the Pecors zone, which was drilled in the mid-1950s. Mineralization there averages 1.5-m thick along a strike length of 400 metres. Grades of 0.05% U3O8 were encountered.
Learn more about all of CanAlaska’s gold and uranium projects at www.CanAlaska.com.