VANCOUVER, Feb. 9 /CNW/ - CanAlaska Uranium Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is pleased to announce that new NI
43-101-compliant technical reports have recently been completed and
published for its Hodgson, NW Manitoba (previously named NE Wollaston),
Grease River and Lake Athabasca uranium exploration projects.
To view map and photo click here: http://www.canalaska.com/s/News.asp?ReportID=441709
The Hodgson project is detailed in the current 43-101 report by Peter
Daubeny, M.Sc., P.Geo. of Vancouver, British Columbia. The project
located in the east-central part of the Athabasca Basin, totals 249.4
km2 and covers portions of the Athabasca overlying basement rocks of the
Mudjatik and Wollaston domains. The depth to Athabasca Basin
unconformity on the property varies from 700 to 800 metres. The
property has been intermittently explored for unconformity type uranium
deposits since at least 1978, and this work culminated during the years
2006 and 2007 when CanAlaska completed VTEM and airborne magnetometer
surveys, an audio-frequency magneto telluric survey, and boulder and
lake sediment sampling programs.
The report recommends further airborne and detailed ground geophysics in
preparation for a 30-hole diamond drill program. Total expenditures are
estimated to be Cdn$15.9 million. Similar comprehensive exploration on
ground to the northeast, east and south of the project area has
resulted in the discovery of a uranium deposit and three Saskatchewan
Mineral Deposit Inventory showings located within a 13 km radius of the
The NW Manitoba project is detailed in the current 43-101 report by Mr.
R. W. Avery, P. Geo. of Saskatchewan. This report provides a technical
review of the geology and exploration results undertaken by the Company
on its wholly owned Northwest Manitoba property.
The NW Manitoba project lies primarily within the Wollaston Domain
adjacent to the southeast margin of the Hearne Craton. The northwest
corner of the project area straddles the adjacent Mudjatik Domain.
CanAlaska's land holdings in Manitoba consist of three contiguous
mineral exploration licenses which encompass an area of 1,436 km2.
Uranium mineralization in the NW Manitoba property area is present in at
least four distinct settings. There are prospects where mineralization
is associated with calc-silicate and leucocratic tonalitic and
monzonitic rocks with limited alteration. Other targets include
mineralization that is associated with pegmatitic tonalite and pelite,
uranium mineralization associated with arkosic gneiss and targets
associated with amphibolite, pelite and leucocratic granites. A strong
correlation is also noted between uranium mineralization and Aphebian
age leucocratic granites (monzanite/tonalite) characterized by moderate
to high U/Th ratios of 3 or greater.
Exploration conducted by CanAlaska Uranium Ltd. has outlined ten target
areas where significant uranium mineralization has been discovered
to-date. Four targets in the project area are presently sufficiently
far advanced to warrant diamond-drill hole testing following the
conduct of local ground geophysics.. Six additional targets require
follow-up investigations involving detailed prospecting, soil sampling,
geological mapping, and/or ground geophysical surveys as needed.
Continued prospecting and geological mapping is also recommended in
areas characterized by high uranium values in lake sediments as well as
areas where targets occupy favorable structural settings such as
crosscutting or intersecting structural elements. Additional airborne
EM and gravity gradient surveys are recommended, especially along
strike of the highly prospective Maguire Structural Zone.
Of the 1,837 rock samples submitted for assay from the NW Manitoba
property to-date, 30% returned values greater than 0.20% U308, with individual assays of up to 66.5% U308 from uraninite pebbles in overburden, 6.49% U308 from boulders, and 0.93% U308 in outcrop. C horizon and MMI soil sampling on the property in several
target areas (1,783 and 1,410 samples respectively) returned highly
anomalous values of up to 118 ppm uranium and demonstrate a close
correlation with Rare Earth elements, Y and Th.
The program of extensive future work recommended for the property
details Phase 1 exploration of Cdn$8.75M, including initial pass
drilling on 10 targets with 50 drill holes, followed by Phase 2
(Cdn$12.82M) on the existing targets and a probable 12 new targets and
phase 3 programs (Cdn$7.2M) on the best of the developed targets.
The Grease River project is detailed in the current 43-101 report by
Peter Daubeny, M.Sc., P.Geo. of Vancouver, British Columbia. The
project is centered approximately 50 kilometres north-northeast of the
settlement of Fond du Lac in north-central Saskatchewan and covers 70.8
km2. The claims cover regional radiometric anomalies and extremely high
concentrations of uranium in lake sediments. Exploration undertaken by
CanAlaska during the 2007 and 2008 field seasons included prospecting,
geologic mapping, rock and lake sediment sampling and airborne
magnetic-radiometric-VLF surveying. Highlights of the work completed
to date include the detection of very high uranium values in muskeg and
values of between 0.2 to 3.53 % U3O8 from outcrop and boulders dispersed throughout the property. Discrete
zones containing some of this mineralization are located in close
proximity to radiometric anomalies and/or other structurally complex
Three styles of uranium mineralization have been identified. These
include structurally-hosted mineralization spatially associated with
the Grease River Shear Zone, potentially significant zones of low-grade
bulk tonnage intrusion-related mineralization and zones of
uranium-bearing hydrothermally-altered granite.
The two most advanced prospects on the Grease River property are
recommended for drilling, and geophysics followed by drilling,
respectively. This will be in conjunction with additional prospecting,
sampling and mapping designed to advance other prospects on the
property towards the drill stage. At Shearika Ridge, the best exposed
portion of the prospect has been mapped and sampled and the scope of
mineralization on surface is well defined. Drilling will determine the
extent of this mineralization at depth. At the Bradley Zone, an EM
survey designed to define the extent of the uranium bearing structure
that hosts the Zone should be undertaken and anomalies developed from
this programme drill-tested. This programme is budgeted at
The Lake Athabasca project is detailed in the current 43-101 report by
Peter Daubeny, M.Sc., P.Geo. of Vancouver, British Columbia. The
project is centered approximately 30 kilometres southwest of the
community of Uranium City in north-western Saskatchewan and covers 41.1
km2. Exploration undertaken by CanAlaska during the period 2006 to 2009
included VTEM and MEGATEM surveying, prospecting, grid rock and soil
sampling, geologic mapping, lake sediment sampling, IP-resistivity,
Max-Min surveying, lake-bathymetry, seismic profiling, and two drill
programs totaling 15 diamond drill holes. This work confirms and
expands historically know lake sediment anomalies on the claim block
and identified by outcrop sampling and diamond-drilling. There are
zones of clay alteration consistent with a property-scale hydrothermal
alteration event. The report recommends exploration in eight specific
target areas and a first year program of detailed lake sediment
sampling and geophysics followed by a program of 21 drill holes
budgeted at Cdn$2.2M.
The aforementioned technical reports can be accessed on the Company's
website at www.canalaska.com or downloaded from the Canadian public filings database at www.sedar.com. Earlier NI 43-101-compliant technical reports completed for the
Company's Carswell, Waterbury, Fond Du Lac and West McArthur uranium
exploration projects, as published on Nov. 16, 2010, Nov. 10, 2010,
Oct. 29, 2010, and Aug. 29, 2005 respectively, can also be downloaded
from the same locations. Peter G. Dasler. P. Geo. is the Qualified
Person for this news release.
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUD -- OTCBB, DH7F -- Frankfurt)
is undertaking uranium exploration in twenty one uranium projects in
Canada's Athabasca Basin -- the "Saudi Arabia of Uranium". Since
September 2004, the Company has aggressively acquired one of the
largest land positions in the region, comprising over 2,500,000 acres
(10,117 sq. km or 3,906 sq. miles). To-date, CanAlaska has expended
over Cdn$75 million exploring its properties and has delineated
multiple uranium targets.
For more information visit www.canalaska.com
On behalf of the Board of Directors
Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
The TSX Venture has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news
release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical
fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the British Columbia
Securities Commission and the United States Securities & Exchange
SOURCE CanAlaska Uranium Ltd.
For further information:
Emil Fung, Director & V.P. - Corp. Dev.
Tel: +1.604.688.3211 x318