CanAlaska’s Watson property, totaling 10,085 ha, is located 55 km from the northeastern margin of the present-day Athabasca Basin, Saskatchewan, Canada. The Watson project is part of CanAlaska’s NE Wollaston land package, where the main target is basement-hosted uranium deposits similar to Eagle Point or Arrow. The project is located on a portion of a long linear conductor coincident with the interpreted location of the Collins Bay Fault where a conductive splay structure diverges from the main trend in a more easterly direction. Coincident with this splay are previously defined gravity lows, electromagnetic (EM) “bright spots”, anomalous uranium-in-soil and biogeochemical samples, and an altered metasedimentary rock sample that returned 1.41% U3O8. These results appear to indicate the presence of uranium mineralizing systems that have not been drill-tested. The company is actively seeking joint-venture partners for its Watson project.