CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 214,000 hectares (530,000 acres), in Canada’s Athabasca Basin and Wollaston area – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.
CanAlaska is a “project generator” with a management and technical consulting team comprised of geologists and geophysicists with extensive experience identifying exploration targets in the Athabasca Basin for major mining companies. CanAlaska’s primary focus is on advancing the West McArthur and Cree East uranium projects.
KEY URANIUM PROPERTIES
WEST MCARTHUR PROJECT
- Close to the worlds richest Uranium Mine, Cameco’s McArthur River
- Adjacent to Fox Lake, Cameco’s latest discovered deposit
- $20 million of work successfully identified 7 Target Areas; currently being evaluated
- Objective: a large unconformity-basement uranium deposit
- Priority Targets on grid 5 and grid 1
CREE EAST PROJECT
Located 35 kilometres from the Key Lake mine, over 56,000 hectares land package
Objective: a large unconformity uranium deposit
Extensive uranium bearing systems, 9 target areas being tested
THOMPSON NICKEL BELT
CanAlaska has acquired three properties in the Thompson Nickel Belt: North Thompson, consisting of the Hunter and Strong properties, and I the south of the Thompson belt, the Manibridge property
The Thompson Nickel Belt is the host of over 18 nickel deposits and is estimated to have produced over 5 billion lbs of nickel since 1959. The nickel deposits are hosted in the Opswagan Group, a sulphide-rich metasedimentary package intruded by ultramafic intrusions. The nickel deposits are located within the ultramafic sills or in the metasediments proximal to the sills.
The Hunter Project is located 20km north of Thompson, Manitoba and consists of one Mineral Exploration License and 11 claims for a total area of 12,520 hectares. The adjacent Strong Project consists of one Mineral Exploration Licenses totaling 6,140 hectares. The area is underlain by the same series of formations that host the nickel deposits along the Thompson Nickel Belt and considered to be an extension of this Belt.
Significant exploration targets have been defined on the Hunter MEL and the claims, based on a compilation of historical exploration. Extensive UTEM and AMT surveys in 2000-2005 resulted in a number of drill targets, only some of which have been drilled. Some of the nickel intersections from older drilling also require follow-up. On the Strong project, the VTEM survey completed in 2007 and processed in 2008 has provided a series of targets, none of which have been drilled. Several of these targets are in the same structural position as the Mel deposit.
The Manibridge Project consists of 19 claims totaling 4,368 hectares, located 125km south west of Thompson, and 32km southwest Wabowden, Manitoba. It is accessible by road from highway 6. The claims contain the site of the reclaimed Manibridge Mine.
Significant exploration targets have been defined on both properties based on a compilation of historical exploration. The VTEM survey completed in 2007 has provided a series of targets, none of which have been drilled that correspond to an area with nickel mineralized drill holes
Further project detail is available at https://canalaska.com/project/thompson-nickel-belt/
To learn more about CanAlaska, please contact:
Peter Dasler, President
T: 604.688.3211 ext 138