Vancouver, Canada, April 13, 2015 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”) is pleased to report that gravity surveys carried out by Makena Resources as part of their option of CanAlaska’s Patterson West uranium project in the Athabasca Basin, has uncovered multiple gravity anomalies including an intense 1.5 by 0.5 km anomaly along a major geological domain boundary.
Further exploration, including drilling is planned by Makena on this large, strong target. This new exploration will test for uranium mineralization in the basement rocks. The property is located adjacent to the PLS claims of Fission Uranium Corp, and 10 km north west of their triple R deposit. The Arrow discovery of NexGen Energy Ltd, is located approximately15 km east of the main gravity anomaly on the Patterson property.
Dr. Karl Schimann, V.P. Exploration, CanAlaska stated, “Recently completed gravity surveys at the Patterson project have outlined multiple intense gravity low anomalies. The largest and most intense anomaly is 1.5 km long by 0.5 km wide and correlates with magnetic lineaments as well as with VTEM conductive anomalies. This strong anomaly is close to, and parallel to, the magnetic boundary marking the edge of the Clearwater Domain. Historical drill hole CLU11-79 is also close to this boundary, and the basement intersected in this drill hole is mylonitised and clay/sericite-altered. Drilling is warranted on this well-defined anomaly.”
Results of surveys illustrate distinct gravity low anomalies as shown in blue in the above image
The gravity surveys were conducted at the Patterson West project, one of three properties (collectively the Patterson properties) the Company holds in the southwest Athabasca Basin region. Patterson West straddles the Athabasca Basin edge with basement rock 130 to 200 metres below Cretaceous and Recent sediments. A VTEM max airborne survey flown in January 2014 identified multiple conductive zones.
CanAlaska owns a 100% interest in the Patterson properties. Makena is currently earning a 50% interest in the Patterson West property by carrying out staged work programs totaling $1.4M, along with cash payments of $100,000, and warrant share issuances of 4.8M shares of Makena.
Dr. Karl Schimann, PhD, P.Geo, is the qualified technical person responsible for this news release.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 770,000 hectares (1.9 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 Mitsubishi, KORES and KEPCO as partners at its core projects. CanAlaska is positioned for discovery success in the world’s richest uranium district.
For more information visit www.canalaska.com
On behalf of the Board of Directors
Peter Dasler, P. Geo., President & CEO
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
The TSX 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.