 | | | Publié le 09 juillet 2007 | Commences New Uranium Drill Program at Helmer Lake |
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| CanAlaska
Uranium Ltd. |
| C
V V - TSX.V C V V U F -
OTCBB DH7 - Frankfurt |
| News
Release |
July
9, 2007 |
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New
Uranium Drill Program Underway at Helmer Lake
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| Vancouver,
Canada, July 9th, 2007 -- CanAlaska Uranium Ltd. (CVV
-- TSX.V) (the "Company") is pleased to
report the commencement of summer drilling on the
Company's 100% owned Helmer Lake Project, located 25
km west of Fond Du Lac and the Fond Du Lac uranium
deposit on the northern rim of the Athabasca Basin,
Saskatchewan. |
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The
Helmer Lake Project was explored by Shell and Famok
during the 1970's and early 1980's, when numerous
geophysical and geochemical surveys were performed.
According to Dr. Karl Schimann -- V.P. Exploration,
"Two uraniferous boulder trains were located
within the Project area with surface sampling grades
registering as high as 2.4% U3O8.
These initial indications of unconformity-style
mineralization at shallow depths prompted the
acquisition of the Helmer Lake Project by CanAlaska in
2004."
The Project area was intensively explored by the
Company in 2005 and 2006, with several phases of
airborne EM and airborne gravity surveys.
Additionally, surface crews have carried out detailed
rock sampling, systematic boulder geochemistry and
SWIR spectrometry and ground geophysics to define the
current targets.
Helmer Lake is one of the most extensively explored
properties owned by CanAlaska, and was previously
slated for drill testing in 2006. However, this
represents the first opportunity to use a drill to
determine the nature of the mineralization in the
target areas.
Eight drill holes are planned to test the main
conductors and structural breaks associated with the
geophysical and geological targets in Target Zone #1.
The shallowest holes are expected to intercept the
unconformity at 200-250 metres depth. The main
structural event is the Grease River Fault Zone (GRFZ).
This is one of the major geological structures cutting
the Athabasca Basin and the vertical offset in this
area is up to 400 metres displacement. Parallel
structures and offset splays are associated with the
trace of the GRFZ. The Fond du Lac unconformity
uranium deposit further to the east is also believed
to be associated with this structure.
Geophysical surveys will be carried out concurrent
with the drill program this summer, and the Company
has now mobilized a crew to carry out further detailed
IP-Resistivity survey measurements for targeting of
additional drill holes in the area.
The person responsible for this news release is Peter
Dasler, P.Geo.
About CanAlaska Uranium Ltd. -- www.canalaska.com CanAlaska
Uranium (CVV -- TSX.V, CVVUF -- OTCBB, DH7 --
Frankfurt) is undertaking uranium exploration in
seventeen 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). In
2005/2006, CanAlaska expended over Cdn$15 million
exploring its properties in the Athabasca Basin and
has delineated multiple uranium targets. Initial
drilling results from the West McArthur Project
revealed uranium mineralization and significant zones
of hydrothermal alteration, indicative of a favourable
environment for uranium deposition. Active drilling
and exploration continues in the Summer, 2007
exploration season at West McArthur and at 4 other
significant projects. The Company's high profile in
the prominent Athabasca Basin has attracted the
attention of major international strategic partners.
Mitsubishi Development Pty., a subsidiary of Japanese
conglomerate Mitsubishi Corporation, has undertaken to
provide CanAlaska Cdn$11 million in exploration
funding to earn 50% of the West McArthur Project. An
MOU has also been executed with Hanwha Corporation, a
South Korean conglomerate, to enter into a Cdn$19
million exploration joint venture with CanAlaska on
its Cree East Project.
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On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, P. Geo.,
President & CEO
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| Investor
Contact: Emil Fung, Vice President, Corporate Development |
| Tel:
604.685.1870 Toll Free (North America) 1-800-667-1870 Email: info@canalaska.com |
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| The
TSX Venture has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release: CUSIP#13708P 10 2. |
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| 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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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Canalaska Uranium Ltd
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EXPLORATEUR |
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CODE : CVV.V |
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ISIN : CA13708P2017 |
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Canalaska Uranium est une société d’exploration minière d'uranium basée au Canada. Canalaska Uranium détient divers projets d'exploration au Canada et en Australie. Ses principaux projets en exploration sont GLITTER LAKE, WATERBURY, VBE 1 CLAIMS, HODGSON, KASMERE, MCTAVISH, MISTY, VBE 2 CLAIMS, NE WOLLASTON, ARNOLD PROJECT, CAMSELL, CARSWELL PROJECT, CREE WEST, BLACK LAKE PROJECT, POPLAR PROJECT, GREASE RIVER, COLLINS BAY EXTENSION, HELMER, KEY LAKE, LAKE ATHABASCA, ALBERTA, CREE EAST PROJECT, MOON, WEST MCARTHUR, FOND DU LAC, ATIKOKAN AREA, CENTRAL ZEBALLOS MINE et LAC ROCHER au Canada et RISE AND SHINE en Nouvelle-Zelande. Canalaska Uranium est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 16,1 millions CA$ (11,8 millions US$, 11,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 janvier 2007 à 9,70 CA$, et son plus bas niveau récent le 17 octobre 2014 à 0,08 CA$. Canalaska Uranium possède 27 340 000 actions en circulation. |
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| Publication de commentaires terminée |
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