| | Publié le 02 novembre 2007 | New High Grade Uranium Assays from Summer Program |
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CanAlaska Uranium Ltd.
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C V V - TSX.V C V V
U F - OTCBB DH7 - Frankfurt
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News Release
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November 1, 2007
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New
High Grade Uranium Assays from Summer Program
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Vancouver, Canada, November 1st,
2007 -- CanAlaska Uranium Ltd. (CVV -- TSX.V) (the "Company") is pleased to present further assay
results from early summer sampling on its NE Wollaston Uranium
project, where multiple uranium zones are defined in outcrop, and
from surface boulders and subcrop. In August the Company was able to
report on high grade uranium and uranium-rare earth mineralization
which had been discovered and sampled very early in the season . The
latest zone where we have laboratory assay values with significant
mineralization is from the "Pitchblende Ridge" target area.
At this occurrence, multiple float boulder samples are in excess of 1%
U3O8, and with values up to 16.98% U3O8
The Pitchblende Ridge zone of mineralization is located approximately
15 km
north east of the first discovery zone of the season at "Crazy
Train", where high-grade uranium / rare-earth mineralization was
previously reported. A series of other uranium REE zones have also
been outlined with this summer's work. These other zones stretch over
the entire 80 km
length of the NE Wollaston Property. In most cases, there has been
insufficient time to carry out detailed work on the showings.
However, future drill programs are planned for the zones of better
response and geology.
The observed "boulder trains" are the trail of rubble and
rocks dragged down-ice from surface mineral zones by the ancient ice
sheet which covered most of the Canadian Shield. In some cases the
mineralized boulders only extend for a short distance from the
source, but there are occasional erratic boulders some distance from
the original source. In the case of the boulder trains on the NE
Wollaston project, most of them are considered to be close to the
source, but this may be partially obscured by the many swamps and
small lakes which cover the project area.
The Pitchblende Ridge boulder train trends up and over the
topography, and originates and continues within swampy ground. A
short airborne EM anomaly, is offset in the vicinity of postulated
source of the boulder train, and is thought to be associated with a
host for the mineralization. The samples are predominantly
calc-silicate boulders, a number of which are have ancillary graphite
mineralization with the uranium mineralization (up to 40% graphite).
A mineralized zone with this graphite content would produce an
airborne EM
signature. The higher grade samples are small
pitchblende nodules and appear to be associated with clay alteration.
Table 1: Uranium Values in Boulder Samples from Pitchblende Ridge
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The Pitchblende Ridge and Crazy Train
boulder trains discoveries are the result of the integration of
airborne gamma spectrometry with ground prospecting, taking into
consideration lake sediment geochemistry and geological mapping.
Soil sampling has been carried out on both boulder trains and
further up-ice but these analyses are still pending. Both boulder
trains are examples of post Hudsonian hydrothermal mineralisation
with a possible structural control.
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The following table gives a
re-tabulation and update of the Crazy Train results with
additional samples listed against zones of similar style
Uranium-REE values from across the property.
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Table 2: Uranium-Rare Earth Boulder Train samples (updated)
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Table 3: Rare Earth Elements from Mineral Zones
Across NE Wollaston Project
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All of the samples
from the current program were submitted to one of two qualified
Canadian Laboratories for analysis. Samples submitted to Saskatchewan
Research Laboratories were analyzed for multi-element geochemistry
and including uranium by tri-acid digestion and ICP. Samples
submitted for assay for trace element geochemistry to Acme
Laboratories in Vancouver BC, were analyzed by aqua regia digestion
and ICP analysis. 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.
The Company is now progressively receiving assay information for
samples submitted for laboratory analysis during the summer. Further
results for work carried out from August-October are expected over
the next months. The awaited samples are from other surface
mineralized zones on this property and other properties, as well as
from the Company's summer drill programs. The laboratory delays have
been significant, but results will be released as they are received
and evaluated.
The person responsible for this release is Peter Dasler, M.Sc., P.
Geo. President of CanAlaska Uranium Ltd.
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 2,7 mil. acres
(11,000+ sq. km or 4,200+ sq. miles). CanAlaska has expended over
Cdn$24 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 has continued through the Summer, and Fall 2007 seasons
at West McArthur and at 2 other significant projects. The Company's
high profile in the prominent Athabasca Basin has attracted the
attention of major international strategic partners. Among others,
Mitsubishi Development Pty., a subsidiary of Japanese conglomerate
Mitsubishi Corporation, has undertaken to provide CanAlaska C$11 mil.
in exploration funding to earn 50% of the West McArthur Project.
Agreements have also been executed with a Korean Consortium led by
Hanwha Corporation to enter into C$19 million investment to earn 50%
of the 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
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Tel: +1.604.688.3211 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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Canalaska Uranium Ltd
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EXPLORATEUR |
CODE : CVV.V |
ISIN : CA13708P2017 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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 16,4 millions CA$ (12,0 millions US$, 11,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 janvier 2007 à 9,70 CA$, 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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