VANCOUVER, Feb. 3 /CNW/ - CanAlaska Uranium Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is pleased to announce that it has
commenced a three-week program of reverse circulation drilling on the
Fond Du Lac Uranium Project. This initial program will be followed by
two further programs of diamond drilling at the Fond Du Lac "West" and
Fond Du Lac "Main" projects.
To view map and photo click here: http://www.canalaska.com/s/News.asp?ReportID=440951
The FDL project, is a 50/50 joint venture between CVV and Fond Du Lac
Mineral Resources Inc., a company owned by the Fond Du Lac Denesuline
First Nation. A Reverse Circulation drill ("RC Drill") from Northspan
Exploration of Kelowna BC will be used to test a series of geochemical
and radon anomalies peripheral to the known deposit to a depth of 100
to 150 metres. This RC drill is an excellent reconnaissance tool to
test the selection of geophysical and geochemical targets that
CanAlaska has outlined in the vicinity of the Fond Du Lac uranium
A similar drill unit from Northspan has recently been deployed
successfully for the identification and testing of kimberlite diamond
targets in Nunavut. The early drill programs which outlined the Fond
Du Lac uranium deposit utilized similar air recovery chip sampling,
followed by down-hole probing. The advantage of the RC drill is its
mobility and rapid self-deployment, combined with higher penetration
In March, 2011, the Company will mobilize a second diamond drill
contracted from DJ Drilling of Aldergrove BC to undertake further
exploration at Fond Du Lac with the following three objectives:
The drill will first core a series of holes on the Western portion of
the Fond Du Lac project, following the trend of the historic "Adair"
zone. In 2009, CanAlaska had revisited this occurrence and identified
the trench area and geological trend, and recovered new trench samples
grading up to 1.42% U3O8 over 0.5 metres. Drilling in the 1950's intersected this mineralization
at depth, and followed the trend for over 2.4 kilometres. No assays are
available from the early work, but descriptions of core mention probe
data with radioactivity of 120 times background over selected narrower
intersections (see NR Sept. 16, 2009).
The diamond drill will then concentrate on CanAlaska's previous (2009)
intersection of 40.4 metres at 0.32% U3O8 located in basement rocks, just east of the shallow Fond Du Lac uranium
deposit. (See NR Sept. 22, 2009 and 43-101 report of Oct. 29, 2010).
This mineralization, in drill hole FDL017, appears to be a feeder zone
for the mineralized uranium body in the overlying sandstone. The fault
breccia structure is expected to extend further east from drillhole
FDL017, along a splay of the Grease River Shear Zone.
Further targets are also expected to be defined from the results of the
first RC drill programme.
Peter Dasler, P. Geo is the Qualified Person responsible for this news
release. The referenced news releases and technical report can be
accessed on the Company's website at www.canalaska.com or downloaded from the Canadian public filings database at www.sedar.com.
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