About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt DH7N) holds interest in approximately 300,000 hectares (750,000 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 and diamonds. For further information visit www.canalaska.com.
CanAlaska is a project generator with a management technical team comprised of geologists with extensive experience identifying exploration targets in the Athabasca Basin that have led to significant uranium discoveries. CanAlaska’s primary focus is on advancing the Waterbury South, West McArthur and Cree East projects.
KEY URANIUM PROPERTIES
WATERBURY SOUTH PROJECT
- 7 kilometres from the world’s second richest Uranium Mine, Cameco’s Cigar Lake
- 2021 drilling intersected a Ni-As-Co polyumetallic zone with Uranium
- Objective: a large tier 1 unconformity Uranium deposit
WEST MCARTHUR PROJECT
- 12 kilometres from the world’s richest Uranium Mine, Cameco’s McArthur River
- Adjacent to the Fox Lake Uranium Deposit, Cameco’s recent new discovery
- $20 million of work successfully identified 7 target areas, currently being evaluated
- Objective: a large tier 1 unconformity Uranium deposit
- Priority targets on Grid 5 and Grid 1 areas
- “42 Zone” newly discovered with multiple high-grade Uranium intersections
CREE EAST PROJECT
- 35 kilometres from Cameco’s Key Lake Uranium Mine and Mill complex
- Objective: a large tier 1 unconformity Uranium deposit
- Priority targets in 9 areas with extensive Uranium bearing systems
- Actively seeking a joint venture partner
THOMPSON NICKEL BELT
CanAlaska has acquired five properties in the Thompson Nickel Belt including: Manibridge, Resting Lake, Halfway Lake, Hunter and Strong projects. Three new Mineral Exploration Licences have been applied for in late 2021 adjacent to the Strong Project.
The Thompson Nickel Belt is host to over 18 nickel deposits and is estimated to have produced over 5 billion pounds of nickel since 1959. The nickel deposits are hosted in the Opswagan Group, a sulphide-rich metasedimentary package intruded by ultramafics. The nickel deposits are located within the ultramafic sills or in the metasediments proximal to the sills.
MANIBRIDGE PROJECT
- 125 kilometres southwest of Vale’s Thompson Nickel Mine
- Project contains the past-producing high-grade Manibridge Nickel Mine (1971-1977)
- 2019 drilling by CanAlaska intersected up to 12.06% nickel
- In 2021 a $4 million dollar deal was announced with D Block Discoveries (now Metal Energy)
RESTING LAKE PROJECT
- 115 kilometres southwest of Vale’s Thompson Nickel Mine
- Staked by CanAlaska in 2021 – airborne survey completed
- Project contains numerous nickel intersections
- Showings or deposits in the project area include Resting (90Mt @ 0.3% Ni), Amax and Reed
HALFWAY LAKE PROJECT
- 90 kilometres southwest of Vale’s Thompson Nickel Mine
- Staked by CanAlaska in 2021 – airborne survey completed
- Project contains numerous nickel intersections
- Immediately adjacent to the Halfway deposit: 900 kt @ 1.2% Ni
HUNTER PROJECT
- 20 kilometres north of Vale’s Thompson Nickel Mine
- One MEL and 11 claims totalling 12,520 hectares
- Project contains numerous nickel intersections requiring follow-up
STRONG PROJECT
- 30 kilometres north of Vale’s Thompson Nickel Mine
- One MEL totalling 6,140 hectares
- 2007 VTEM survey identified numerous large targets none of which have been drilled
Further project detail is available at https://canalaska.com/project/thompson-nickel-belt/
To learn more about CanAlaska, please contact:
Cory Belyk, CEO
T: 604.688.3211 ext 306
For more on the activity in the Athabasca Basin area and to see the digital map, go to https://digigeodata.com/area/athabasca-basin/