Canalaska Uranium Ltd

Published : May 27th, 2016

Attracts Another Partner to Diamond Hunt

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Cash | Diamond | K Street | Saudi Arabia | Uranium |

HOME   |   CORPORATE   |   PROJECTS   |   NEWS   |   INVESTORS   |   CONTACT
NEWS RELEASE

CanAlaska Options Additional Claims for Diamond Exploration in the Northwestern Athabasca
 
Holds Two Large Diamond Projects North of Kimberlite Indicator Minerals Discovered in Alberta

Vancouver, Canada, May 27, 2016 - CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N), is pleased to report that it has optioned two claim groups for Diamond exploration to Fjordland Exploration Inc. (TSX-V: FEX). The two claims comprising 449 hectares and 2045 hectares respectively, were recently staked by the Company, and are located east of the claims CanAlaska optioned to De Beers Canada Inc. in the Northwestern Athabasca Basin, Saskatchewan (see May 18, 2016 news release). The option deals with De Beers and Fjordland collectively comprise eighty-four (84) kimberlite-style targets.
CanAlaska holds the largest land interests for Diamond exploration in the Northwestern Athabasca Basin.

The claims optioned to Fjordland cover anomalous magnetic response targets identified by the Saskatchewan Government's airborne magnetics survey completed in 2011. Claim MC00004307 has two prominent magnetic targets. Claim MC00004306 has seven prominent targets. 

For a 100% interest in the claims, CanAlaska will receive a cash payment of $50,000 of which $5,000 has been received, and the balance payable on the anniversary date of the Agreement. Fjordland will also issue to CanAlaska 4 million shares on TSX Venture Exchange approval. CanAlaska reserves a 4% Gross Overriding Royalty ("GOR") for diamonds and a 2% Net Smelter Returns Royalty ("NSR") for other minerals. Fjordland has the priority right to purchase up to a 2% GOR for $500,000 for each 0.5% GOR thereby reducing CanAlaska's GOR to 2%. Aggregate work commitments are $100,000 by December 31, 2017; not less than 40% of expenditures shall qualify as allowable assessment work. The terms of the Agreement are subject to approval of the TSX Venture Exchange.

West Carswell and Alberta 100% Owned Diamond Projects

In addition to the properties optioned to De Beers and Fjordland, the Company holds the West Carswell and Alberta Diamond projects. These two large properties, comprising over 200,000 acres, are immediately northeast of a group of kimberlite indicator minerals (KIM) discovered in the McKay - McMurray Field in Alberta. The KIM's are down-ice from CanAlaska's properties; their source has yet to be discovered. 
Map illustrates discrete magnetic anomalies on West Carswell and part of Alberta Diamond project. Data from Saskatchewan Government's 2011 survey.


West Carswell Project

CanAlaska's Diamond-shaped West Carswell project is located approximately 10 km west of the Cluff Lake uranium mine, and encompasses 6 discrete line magnetic anomalies derived from the 2011 Saskatchewan geological survey.
 
These six targets exhibit discrete magnetic lows and are characteristic of magnetic features intruding the thick sequence of Athabasca sandstone lying above the southern portion of the Rae craton.

Alberta Diamond Project
 
CanAlaska holds an additional 184,320 acres (73,728 ha) of mineral claims in neighbouring Alberta where wide-spaced airborne magnetic surveys have been completed. These surveys show circular magnetic anomalies similar to those recognized from the Saskatchewan survey data.  
 
Of special interest are at least two kimberlite style anomalies within the Alberta project in an area where the Saskatchewan and Alberta surveys overlap as shown on figure 2. The confirmation of these two targets and the recognition of anomalous features from the earlier wide-spaced Alberta survey data, indicates that the clusters of kimberlite-style features noted in Saskatchewan may continue into Alberta.
  
Discussions are underway with parties who may be able to assist the Company to further develop these targets.

For more information about CanAlaska's Athabasca Kimberlite project click here.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 700,000 hectares (1.7 million acres), one of the largest land positions in Canada's Athabasca Basin region - the "Saudi Arabia of Uranium." CanAlaska's strategic holdings has attracted major international mining companies Cameco, Denison, KORES, KEPCO, and the De Beers Group of Companies as partners. CanAlaska is a project generator and is positioned for discovery success in the world's richest uranium district. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr. Karl Schimann,   P. Geo, VP Exploration, for CanAlaska.

Contacts:

Peter Dasler
Tel: +1.604.688.3211  Extension 138
Email: info@canalaska.com

John Gomez
Tel: +1.604.484.7118 
Email: jgomez@canalaska..com


The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP# 13708P 10 2.

 
CanAlaska Uranium Ltd., #1020 - 625 Howe Street, Vancouver, BC V6C 2T6 Canada
Sent by info@canalaska.com in collaboration with
Constant Contact
Data and Statistics for these countries : Canada | Saudi Arabia | All
Gold and Silver Prices for these countries : Canada | Saudi Arabia | All

Canalaska Uranium Ltd

EXPLORATION STAGE
CODE : CVV.V
ISIN : CA13708P2017
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Canalaska Uranium is a uranium and nickel exploration company based in Canada.

Canalaska Uranium holds various exploration projects in Australia and in Canada.

Its main exploration properties are GLITTER LAKE, VBE 1 CLAIMS, ALBERTA, HELMER, KEY LAKE, LAKE ATHABASCA, COLLINS BAY EXTENSION, WATERBURY, BLACK LAKE PROJECT, POPLAR PROJECT, GREASE RIVER, VBE 2 CLAIMS, NE WOLLASTON, ARNOLD PROJECT, CAMSELL, CARSWELL PROJECT, CREE WEST, HODGSON, KASMERE, MCTAVISH, MISTY, MOON, CREE EAST PROJECT, WEST MCARTHUR, FOND DU LAC, ATIKOKAN AREA, CENTRAL ZEBALLOS MINE and LAC ROCHER in Canada and RISE AND SHINE in New Zealand.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Canalaska Uranium Ltd
7/25/2011CanAlaska Uranium Identifies Multiple Conductors From ZTEM A...
Financings of Canalaska Uranium Ltd
7/11/2016Closes $1,120,000 Private Placement
6/22/2016Amended: CanAlaska Arranges $1,120,000 Financing
6/20/2016Arranges $1,120,000 Financing
5/18/2016Enters into $20.4 Million Deal with De Beers
10/28/2015Extends Financing and Exhibiting at NOLA
5/19/2011Non-Brokered Private Placement
1/6/2011. - NON-BROKERED PRIVATE PLACEMENT - FINAL CLOSING
12/24/2010NON-BROKERED PRIVATE PLACEMENT - INITIAL CLOSING
8/18/2009Closes First Tranche of Private Placement
Nominations of Canalaska Uranium Ltd
1/7/2014Appoints Honorable Kathleen Kennedy Townsend as Director
6/3/2011Appointment of Chairman and New Director
4/6/2010Appoints Chief Financial Officer
6/28/2007Forms New Advisory Board and Appoints New Board Director and...
6/12/2007's New Saskatchewan Office and Regional Manager
Project news of Canalaska Uranium Ltd
5/18/2016CanAlaska enters in to $20.4 million option with De Beers fo...
11/2/201343-101 Filing and Shareholder Update
9/26/2013NW Manitoba Uranium Property Agreement
9/20/2013Property Update
3/27/2012Exploration Recommences at NW Manitoba Uranium-REE Project
11/30/2011Cdn $3.1 Million Winter Drill Program Approved at Cree East ...
8/30/2011on Drilling at Cree East Uranium Project
6/13/2011Commences Summer Geophysics
3/16/2011(Fond Du Lac)COMMENCES DIAMOND DRILLING AT FOND DU LAC MAIN DEPOSIT
6/21/2010(West Mcarthur)Winter Drilling Results
1/29/2010(Mctavish)& Kodiak Start Drilling at McTavish
9/16/2009(Fond Du Lac)Finds Uranium Mineralization along 2.4 km trend at West Fond...
6/25/2009(Poplar Project)Summer Exploration to Commence at Poplar Uranium Project
6/4/2009(West Mcarthur)West McArthur Uranium Project drill results
6/5/2009(Black Lake Project)Drilling resumes at Black Lake Uranium Project
2/26/2009(Fond Du Lac)Further Drill Results from Uranium Zone at Fond Du Lac Proje...
1/23/2009(Cree East Project)Commences $4.6 Million Winter Exploration Program with 13,60...
9/15/2008(Fond Du Lac)Intersects Uranium Zone at Fond du Lac Project
6/3/2008(Ne Wollaston)and Great Western Minerals to Explore High Grade Rare Earth ...
5/9/2008(Key Lake)Completes Winter Uranium Drilling
3/11/2008(Wollaston Ne) Stakes New Rare Earth Project: 2008 Drilling Update
11/2/2007(Wollaston Ne) New High Grade Uranium Assays from Summer Program
8/30/2007(West Mcarthur)'s West McArthur Project Hole #10 Intersects 0.29% U3O8
8/23/2007's New High Grade Uranium-Rare Earth Target in Manitoba
8/21/2007(Athabasca Basin - Canalaska)Perched Uranium Mineralization at Stewart Island
5/29/2007(Athabasca Basin - Canalaska)Winter Program Intersecting Uranium Zones: Drilling to Conti...
5/15/2007(Athabasca Basin - Canalaska) Primed for a Big Uranium Discovery in Athabasca
Corporate news of Canalaska Uranium Ltd
7/26/2016CanAlaska Partners to Resume Drilling at West McArthur and P...
7/11/2016CanAlaska Announces Closing of $1,120,000 Private Placement
7/5/2016CanAlaska Appoints Harry Chan Corporate Secretary
6/23/2016De Beers Completes KIM Sampling at West Athabasca
6/20/2016CanAlaska Arranges $1,120,000 Financing
5/31/2016Cameco Plans Summer Drilling at CanAlaska's West McArthur Pr...
5/11/2016CanAlaska Presenting at Metals Investor Forum
5/10/2016Presenting at Metals Investor Forum
4/19/2016Peter Dasler Provides Update
1/25/2016Drilling to Commence by Denison on CanAlaska's Moon Claim
1/21/2016CanAlaska and MC Resources Canada Ltd. agree on West McArthu...
1/5/2016CanAlaska Options Uranium Property to Denison Mines
11/27/2015CanAlaska: Drilling to Commence at Patterson West, Current F...
10/28/2015CanAlaska: Extension of Financing and Attendance at New Orle...
9/25/2015CanAlaska Announces Results of Annual General Meeting of Sha...
8/24/2015Northern Uranium Intersects Two Highest Gamma Radiation Dril...
7/6/2015Lightbridge Annual Meeting of Shareholders Conference Call a...
7/2/2015Northern Uranium Drill Hole MG15DD-0016 Intersects Highest G...
6/17/2015Northern Uranium Commences Summer Drill Program
4/22/2015CanAlaska: Significant Uranium Mineralization Intersected at...
4/22/2015Northern Uranium Intersects Significant Uranium Mineralizati...
4/13/2015Strong Gravity Anomaly Discovered at Patterson West Uranium ...
3/2/2015CanAlaska Uranium Reports on Multiple Projects
12/28/2013Winter Budgets and Shareholder Update
12/23/2013All the best in 2014
6/25/2013Director Hubert Marleau Retires
3/21/2013Adopts Advance Notice Policy
1/17/2013Acquires Patterson Claims
10/3/2012AGM; Grant of Incentive Stock Options
9/21/2012Engages Financial Advisor
6/19/2012(West Mcarthur)Drill Hole Chemistry at West McArthur Project Enhances Urani...
5/31/2012(Cree East Project)ASSAY RESULTS FOR CREE EAST PROJECT SHOW MULTI-ELEMENT ALTER...
5/11/2012Geophysical Surveys Define New Uranium Drill Targets at NW M...
4/13/2012(West Mcarthur)Winter Drilling at West McArthur and Cree East Uranium Proje...
3/3/2012Visit CanAlaska Uranium at the 2012 Prospectors and Develope...
1/23/2012Commences 2012 Drill Programs
6/10/2011TO LIST ON TORONTO STOCK EXCHANGE (TSX)
8/20/2010Reports Drill Results From Collins Bay Extension Project
7/29/2010Commences ZTEM Airborne Survey for West McArthur Project
11/2/2009will be presenting at the Edelmetall & Rohstoffmesse Confere...
8/5/2009drills 140 ppm Uranium and elevated Nickel in first holes at...
2/6/2009Gold-Platinum Mineralization found at Poplar Project, Northe...
12/10/2008New CFO Joins CanAlaska Uranium / Four Drill Programs for Ur...
10/2/2008Facts and Figures
10/1/2008John Kowalchuk Joins CanAlaska Exploration Team
9/29/2008$10 Million Exploration Update from CanAlaska's AGM
7/8/2008to Commence Summer Drilling on Cree East Uranium Targets
6/25/2008Mobilizes Summer 2008 Exploration
10/12/2007Korean Consortium Execute $19 Million Investment in Cree Eas...
10/3/2007and Mega Uranium Sign $8 Million Agreement to Explore Poplar...
9/19/2007, Uranium Prospects, and Yellowcake: Grease River Uranium Pr...
9/11/2007Latest Corporate Video
7/31/2007Korean Consortium Finalizing Investment in Cree East Project
7/9/2007Commences New Uranium Drill Program at Helmer Lake
6/25/2007Progresses Exploration Venture with Korean Consortium
6/22/2007 and Yellowcake Accelerate Uranium Exploration at Grease Riv...
6/14/2007Harry Barr to step down as Chairman of CanAlaska Uranium Ltd...
6/12/2007Adopts Shareholders Rights Plan
5/7/2007to Collaborate with Korean Consortium in Uranium Exploration
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (CVV.V)OTC BB (CVVUF.OB)
0.680-1.45%0.160+0.00%
TSX-V
CA$ 0.680
09/18 17:00 -0.010
-1.45%
Prev close Open
0.690 0.690
Low High
0.660 0.700
Year l/h YTD var.
0.370 -  0.750 83.78%
52 week l/h 52 week var.
0.340 -  0.750 58.14%
Volume 1 month var.
359,380 3.03%
24hGold TrendPower© : 8
Produces
Develops
Explores for Cobalt - Copper - Nickel - Rare earth - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/16/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202478.95%0.790.36
2023-2.56%0.630.29
2022-18.75%0.730.27
2021-2.04%0.840.37
2020104.17%0.500.09
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.05+0.43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.92-2.58%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.