| | Published : June 04th, 2009 | West McArthur Uranium Project drill results |
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NEWS
West McArthur
Uranium Project Drill Results
Vancouver,
Canada, June 4, 2009
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CanAlaska
Uranium Ltd. (TSX.V -- CVV) ("CanAlaska" or the
"Company") has received drill assays and detailed geophysical
information from the West McArthur Project winter drilling campaign.
This drilling information confirms not only structural breaks and fault
reactivation along the Grid 4 target area, but also hydrothermal
alteration and trace uranium mineralization in two holes at, and below,
the unconformity.
The Cdn$1.9 million, 5-hole exploration program
comprising a total of 4,751 metres of drilling, together with
corresponding TDEM geophysical surveys, tested a previously un-drilled
zone located in the southern region of the West McArthur Project. In
this new area, VTEM magnetic and electromagnetic airborne surveys,
ground-based AMT and EM surveys identified a new, well-defined, but
variably-conductive zone, approximately 6 km in length associated with
apparent alteration in the sandstone column.
This winter's exploration involved seven drill holes (WMA013 - WMA019)
along 4 km of the Grid 4 trend, however, two of the later drill holes
were terminated near surface due to drilling problems. The five
successful drill holes tested four discrete targets. Two of these
provided trace uranium mineralisation and associated geochemical
alteration. The depth to unconformity ranged from 807 to 833 metres.
The first two drill holes of the program,
WMA013 and WMA014, targeted a conductive zone in the south-centre of
the 4km conductive trend. These holes encountered various levels of
dravite and illite clay alteration as well as zones of strong
fracturing in the sandstone column (dravite indicates a higher
temperature of alteration, and is generally associated with uranium
mineralisation in the Athabasca Basin). There was no significant
uranium enrichment in these holes, however there were boron values in
the sandstone above the unconformity of up to 77 ppm (2-3 times
background). Down-hole geophysical probing indicated that the main
target conductor was overshot by the drilling. Further drilling will be
required to test the main target, which lies east of the hole WMA014)
Drill hole WMA015, located 3.3 km northeast of the first two holes,
tested the northern end of a strong conductive target. This drill hole
encountered a zone of fracturation from 250 to 325 metres depth. There
was dravite and enhanced illite clay alteration in the top 400 metres
of the drill hole. Significantly, there was additional dravite
alteration near the base of the sandstone and moderate fracturation in
the last 30 metres of the sandstone column above the unconformity.
There was no significant uranium enrichment intersected in the hole,
but geochemical enrichment was present with slightly-elevated boron
from 100 to 500 metres depth (40-60 ppm boron) and again from 750
metres to the unconformity (120-191 ppm boron). Further drilling to the
northeast, in the stronger portion of the conductor, is required.
The most significant uranium mineralisation of the winter program was
intercepted in drill holes WMA016 and WMA019, located 400 metres and
1,200 metres south of drill holes 13 and 14. Core results indicated a
significant fault zone with vertical offsets between these two holes.
The vertical offsets of up to 15.4 metres were present at the
unconformity and also in the overlying sandstone. An offset of the
trend of the geophysical conductor also indicates horizontal structural
movement. Progressively variable offsets in the sandstone marker
horizons also indicate that the inferred fault structure could represent
a mineralizing event with multiple periods of reactivation.
Both drill holes WMA016 and WMA019 intersected favourable graphitic
horizons in the basement. Above the unconformity, there was clay
alteration, fracturation, and anomalous geochemistry in the sandstone
Drill hole WMA016 exhibited generally-normal clay pattern, but with the
presence of enhanced higher temperature dravite near the unconformity.
Above this immediate zone, there were several fractured and friable
zones between 680 metres and the unconformity at 807 metres, with an
increase of boron from 40 to 917 ppm at the unconformity. There was
also silicification from 750 to 785 metres and anomalous trace element
geochemistry for uranium (0.9 to 3.7 ppm), and nickel (0.3-3.8 ppm) in
the last 38 metres of the sandstone column. In the basement rocks the
drill hole intersected strongly-graphitic pelites with one section from
909.0 to 909.5 metres assaying 0.055 % U3O8.
Drill hole WMA019, located 400 metres to the south of drill hole
WMA016, exhibited the best uranium intersection of the winter program.
This hole contained a generally normal clay pattern in the upper
levels, again with silicification from 780 to 830 metres, with elevated
uranium (to 1 ppm) and boron (to 90 ppm) in the last 14 metres of the
sandstone column above the unconformity. The basement of drill hole
WMA019 is predominantly semi-pelites with abundant leucosome. A sheared
leucosome section of 2 metres from 880.2 to 882.2 assayed 0.034% U3O8.
A major graphite zone was intersected from 946 to 968 metres.
In summary, the Company is very pleased with the test drilling results
from Grid 4. The mineralized and altered rocks encountered in the drill
holes show the potential for a uranium mineralizing system associated
with graphitic pelite horizons. The 4km-long zone tested this winter
appears to have multiple targets for future detailed evaluation. The
Grid 4 area is only one of multiple mineralized target zones identified
on the property by CanAlaska and Mitsubishi Development Pty Ltd.
Continued exploration is expected on this and the other target zones
during the summer of 2009.
All of the samples from the West McArthur
project were submitted to Acme Laboratories Vancouver, an ISO 9001:2000
accredited and qualified Canadian Laboratory, for their Group 4B
analysis. These samples were analysed for uranium and multi-element
geochemistry by tri-acid digestion and ICP-MS. The samples were
collected by CanAlaska field geologists under the supervision of Dr.
Karl Schimann, and were shipped in secure containment to the
laboratories noted above. Peter Dasler, M.Sc., P Geo. is the qualified technical
person responsible for this news release.
About CanAlaska Uranium Ltd. -- www.canalaska.com
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 -- Frankfurt)
is undertaking uranium exploration in twenty 100%-owned and two
optioned uranium projects in Canada's Athabasca Basin. 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$50
million exploring its properties and has delineated multiple uranium
targets. The Company's geological expertise and high exploration
profile has attracted the attention of major international strategic
partners. Among others, Mitsubishi Development Pty Ltd, a subsidiary of
Japanese conglomerate Mitsubishi Corporation, has undertaken to provide
CanAlaska C$10 mil. in exploration funding for its West McArthur
Project. Exploration of CanAlaska's Cree East Project is also
progressing under a C$19 mil. joint venture with a consortium of Korean
companies led by Hanwha Corporation, and comprising Korea Electric
Power Corp., Korea Resources Corp. and SK Energy Co, Ltd. A Memorandum
of Understanding has also recently been executed with mining partner
East Resources Inc. to commence exploration on the NE Wollaston Project
comprising a potential 100,000 metres of drill testing.
|
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On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, P. Geo., President & CEO
Investor Contact: Emil Fung, Vice President, Corporate Development
Tel: +1.604.688.3211 Email: info@canalaska.com
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 Commission. Not to be construed as an offer to buy or
sell securities of CanAlaska Uranium Ltd.
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NEWS
West
McArthur Uranium Project Drill Results
Vancouver,
Canada, June 4, 2009
|
CanAlaska Uranium Ltd. (TSX.V -- CVV)
("CanAlaska" or the "Company") has received drill
assays and detailed geophysical information from the West McArthur
Project winter drilling campaign. This drilling information confirms
not only structural breaks and fault reactivation along the Grid 4
target area, but also hydrothermal alteration and trace uranium
mineralization in two holes at, and below, the unconformity.
The Cdn$1.9 million, 5-hole
exploration program comprising a total of 4,751 metres of drilling,
together with corresponding TDEM geophysical surveys, tested a
previously un-drilled zone located in the southern region of the West
McArthur Project. In this new area, VTEM magnetic and electromagnetic
airborne surveys, ground-based AMT and EM surveys identified a new,
well-defined, but variably-conductive zone, approximately 6 km in
length associated with apparent alteration in the sandstone column.
This winter's exploration involved seven drill holes (WMA013 -
WMA019) along 4 km of the Grid 4 trend, however, two of the later
drill holes were terminated near surface due to drilling problems.
The five successful drill holes tested four discrete targets. Two of
these provided trace uranium mineralisation and associated
geochemical alteration. The depth to unconformity ranged from 807 to
833 metres.
The first two drill holes of the
program, WMA013 and WMA014, targeted a conductive zone in the
south-centre of the 4km conductive trend. These holes encountered
various levels of dravite and illite clay alteration as well as zones
of strong fracturing in the sandstone column (dravite indicates a
higher temperature of alteration, and is generally associated with
uranium mineralisation in the Athabasca Basin). There was no significant
uranium enrichment in these holes, however there were boron values in
the sandstone above the unconformity of up to 77 ppm (2-3 times
background). Down-hole geophysical probing indicated that the main
target conductor was overshot by the drilling. Further drilling will
be required to test the main target, which lies east of the hole
WMA014) Drill hole WMA015, located 3.3 km northeast of the first two
holes, tested the northern end of a strong conductive target. This
drill hole encountered a zone of fracturation from 250 to 325 metres
depth. There was dravite and enhanced illite clay alteration in the
top 400 metres of the drill hole. Significantly, there was additional
dravite alteration near the base of the sandstone and moderate
fracturation in the last 30 metres of the sandstone column above the
unconformity. There was no significant uranium enrichment intersected
in the hole, but geochemical enrichment was present with
slightly-elevated boron from 100 to 500 metres depth (40-60 ppm
boron) and again from 750 metres to the unconformity (120-191 ppm
boron). Further drilling to the northeast, in the stronger portion of
the conductor, is required.
The most significant uranium mineralisation of the winter program was
intercepted in drill holes WMA016 and WMA019, located 400 metres and
1,200 metres south of drill holes 13 and 14. Core results indicated a
significant fault zone with vertical offsets between these two holes.
The vertical offsets of up to 15.4 metres were present at the
unconformity and also in the overlying sandstone. An offset of the
trend of the geophysical conductor also indicates horizontal
structural movement. Progressively variable offsets in the sandstone
marker horizons also indicate that the inferred fault structure could
represent a mineralizing event with multiple periods of
reactivation.
Both drill holes WMA016 and WMA019 intersected favourable graphitic
horizons in the basement. Above the unconformity, there was clay
alteration, fracturation, and anomalous geochemistry in the sandstone
Drill hole WMA016 exhibited generally-normal clay pattern, but with
the presence of enhanced higher temperature dravite near the
unconformity. Above this immediate zone, there were several fractured
and friable zones between 680 metres and the unconformity at 807
metres, with an increase of boron from 40 to 917 ppm at the
unconformity. There was also silicification from 750 to 785 metres
and anomalous trace element geochemistry for uranium (0.9 to 3.7
ppm), and nickel (0.3-3.8 ppm) in the last 38 metres of the sandstone
column. In the basement rocks the drill hole intersected
strongly-graphitic pelites with one section from 909.0 to 909.5
metres assaying 0.055 % U3O8.
Drill hole WMA019, located 400 metres to the south of drill hole
WMA016, exhibited the best uranium intersection of the winter
program. This hole contained a generally normal clay pattern in the
upper levels, again with silicification from 780 to 830 metres, with
elevated uranium (to 1 ppm) and boron (to 90 ppm) in the last 14 metres
of the sandstone column above the unconformity. The basement of drill
hole WMA019 is predominantly semi-pelites with abundant leucosome. A
sheared leucosome section of 2 metres from 880.2 to 882.2 assayed
0.034% U3O8. A major graphite zone was intersected from 946 to 968
metres.
In summary, the Company is very pleased with the test drilling
results from Grid 4. The mineralized and altered rocks encountered in
the drill holes show the potential for a uranium mineralizing system
associated with graphitic pelite horizons. The 4km-long zone tested
this winter appears to have multiple targets for future detailed
evaluation. The Grid 4 area is only one of multiple mineralized
target zones identified on the property by CanAlaska and Mitsubishi
Development Pty Ltd. Continued exploration is expected on this and
the other target zones during the summer of 2009.
All of the samples from the West
McArthur project were submitted to Acme Laboratories Vancouver, an
ISO 9001:2000 accredited and qualified Canadian Laboratory, for their
Group 4B analysis. These samples were analysed for uranium and
multi-element geochemistry by tri-acid digestion and ICP-MS. The
samples were collected by CanAlaska field geologists under the
supervision of Dr. Karl Schimann, and were shipped in secure
containment to the laboratories noted above. Peter Dasler, M.Sc., P
Geo. is the qualified technical person responsible for this news
release.
About CanAlaska Uranium Ltd. -- www.canalaska.com
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 --
Frankfurt) is undertaking uranium exploration in twenty 100%-owned
and two optioned uranium projects in Canada's Athabasca Basin. 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$50 million exploring its properties and has delineated
multiple uranium targets. The Company's geological expertise and high
exploration profile has attracted the attention of major
international strategic partners. Among others, Mitsubishi
Development Pty Ltd, a subsidiary of Japanese conglomerate Mitsubishi
Corporation, has undertaken to provide CanAlaska C$10 mil. in
exploration funding for its West McArthur Project. Exploration of
CanAlaska's Cree East Project is also progressing under a C$19 mil.
joint venture with a consortium of Korean companies led by Hanwha
Corporation, and comprising Korea Electric Power Corp., Korea
Resources Corp. and SK Energy Co, Ltd. A Memorandum of Understanding
has also recently been executed with mining partner East Resources
Inc. to commence exploration on the NE Wollaston Project comprising a
potential 100,000 metres of drill testing.
|
|
On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, P. Geo., President & CEO
Investor Contact: Emil Fung, Vice President, Corporate Development
Tel: +1.604.688.3211 Email: info@canalaska.com
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 Commission. Not to be construed as an offer
to buy or sell securities of CanAlaska Uranium Ltd.
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Canalaska Uranium Ltd
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EXPLORATION STAGE |
CODE : CVV.V |
ISIN : CA13708P2017 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canalaska Uranium is a uranium 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. Canalaska Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 16.4 millions as of today (US$ 12.0 millions, € 11.3 millions). Its stock quote reached its highest recent level on January 05, 2007 at CA$ 9.70, and its lowest recent point on October 17, 2014 at CA$ 0.08. Canalaska Uranium has 27 340 000 shares outstanding. |
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