Bayswater Uranium Corporation (CVE:BYU, OTC:BYSWF) reports under its option, that CanAlaska Uranium (CVE:CVV) has provided drill results from Fife Island at the Collins Bay Extension project, Athabasca Basin, Canada.
The drilling, conducted in April 2010, identified multiple uranium bearing zones and a best drill intersection of 4.7 metres assaying 0.043% U3O8.
President of CanAlaska Uranium’s, Peter Dasler says:
“The Blue Island target is a large new feature in this area of the Athabasca Basin, and we are pleasantly surprised by the amount of breccia intersected in the drill hole. Other areas of the Athabasca Basin have circular structures associated with brecciation, alteration and uranium mineralization. This is a discrete target, and it is very encouraging that the first drill hole has given us evidence of uranium mineralization associated with the breccias.”