CanAlaska Uranium Ltd. (TSX.V -- CVV) ("CanAlaska"
or the "Company") is pleased to announce that it has
commenced diamond drilling at the main Fond Du Lac
("FDL") project. This phase of the drill program will
test one of the new targets identified by the ongoing reverse
circulation drill program. CanAlaska is
currently well-funded, with over Cdn$13 million in treasury, and
strong partnerships.
The
FDL project is a joint venture between the Company and the Fond Du
Lac Denesuline First Nation. The reverse
circulation drill, which has been working in the area for the past
three weeks, has identified a number of zones with strong hematization both above and below the
unconformity. Several of these zones have associated elevated
radiometric background as well as clay-filled shear zones.
The diamond drill currently on-site, will carry out a preliminary
program testing near surface targets until March 25th. It will then
mobilize to carry out approximately 3 weeks of drilling on a nearby
project, also being operated by CanAlaska.
The drill will return to Fond Du Lac in April to test further new
targets and mineralization associated with the reverse circulation
drill program, and CanAlaska's previous
(2009) intersection of 40.4 metres at
0.32% U3O8 located in basement rocks,
just east of the historically-defined shallow Fond Du Lac uranium
deposit. (See NR Sept 22, 2009, and NI43-101 report of Oct 29, 2010).
President of CanAlaska, Peter Dasler, P. Geo, is the Qualified Person
responsible for this news release and comments that "the
tragedies of multiple world-wide and personal disasters make us
humble and appreciate the strength and character of the people who
are around us, and especially those who support us on a day-to day-basis. We must continue, and do the best
job we can do, to support them." 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
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