New high-resolution airborne magnetic survey planned to define targets in preparation for drilling
Vancouver, British Columbia, June 22, 2016 — CanAlaska Uranium Ltd. “the Company” (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N)is pleased to report that De Beers’ exploration team has collected over 100 samples for kimberlite indicator mineral (KIM) processing from the West Athabasca project. The samples of glacial gravels were collected from eskers within the target area.
These samples will now be processed in De Beers laboratories to establish further evidence for kimberlite intrusives associated with the magnetic anomalies staked by CanAlaska. These striking anomalies were identified from processing data from the Saskatchewan Government Geological Survey/Geological Survey of Canada airborne magnetics program carried out in 2010.
De Beers geologist collecting samples from Esker at West Athabasca
In the next few weeks, the second phase of exploration will commence for detailed magnetic mapping of staked targets, as well as any further significant features. The new high resolution airborne magnetic survey carried out by a specialized aircraft from New Zealand will define the targets in preparation for drilling.
President Peter Dasler commented, “I am very pleased with the significant attention that De Beers is giving our project. The initial reconnaissance sampling has been completed, and known targets visited. The rapid deployment of this specialized aircraft and the attention to detail with this program is very comforting. I look forward to the results of the programs, and the next steps in the exploration process.”
CanAlaska and De Beers are exploring the West Athabasca project for diamonds under a staged $20.4 million Option-Participation Agreement. The project area covers 75 kimberlite-style targets staked by CanAlaska in the northwestern Athabasca Basin of Saskatchewan. De Beers may earn an interest in the project through a series of escalating exploration programs.
For more information about the Athabasca kimberlite project visit:
About De Beers
De Beers is a member of the Anglo American Group. Established in 1888, De Beers is the world’s leading diamond company with expertise in exploration and development, mining, and marketing of diamonds. Together with its joint venture partners, De Beers employs more than 20,000 people (directly and as contractors) across the diamond pipeline, and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company’s operating philosophy, the people of De Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth.
For further information about the De Beers Group of Companies visit www.debeersgroup.com.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 500,000 hectares (1.2 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. 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.
On behalf of the Board of Directors
Peter Dasler, P. Geo., President & CEO
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
Head of External & Corporate Affairs
De Beers Canada Inc.
Tel: +1.403.930.0991 x 2703
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All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.