CanAlaska Uranium identifies multiple conductors from ZTEM airborne geophysics surveys
VANCOUVER, July 25, 2011 /CNW/ --
VANCOUVER, July 25, 2011 /CNW/ - CanAlaska Uranium Ltd. (TSX - CVV) ('CanAlaska' or the 'Company') is pleased to announce the completion of
two airborne ZTEM geophysical surveys on its wholly-owned Hodgson and
Carswell projects in the Athabasca Basin, Saskatchewan. The
newly-developed ZTEM surveys provide a new dimension for surveying
electromagnetic targets, and as expected, provide superior detail of
conductive zones at depth.
To view figures click here: http://www.canalaska.com/s/News.asp?ReportID=468369
The first ZTEM survey at the Hodgson project identified five areas with
significant basement conductors (see Figure 1). These conductors
identify targets trending northeast, north and northwest in areas where
CanAlaska had previously identified AMT geophysical responses, and
significant surface geochemical anomalies. The survey has identified
35km of conductive trends on the project, which is located in the
east-central part of the Athabasca Basin, 27 kilometres northwest of
the McArthur River mine and 21 kilometres west of the Cigar Lake
deposit. Exploration to-date includes lake sediment geochemistry and
ground geophysics, and the new ZTEM survey. The reconnaissance ground
AMT surveys had confirmed a series of basement conductors and indicated
the presence of conductive zones in the sandstones, structures thought
to be related to uranium mineralizing events. The current ZTEM survey
mapped these basement conductor patterns in more detail and has given
significant information as to the shape and size of these targets.
The second ZTEM survey, which covered CanAlaska's claims on the western
portion of the Carswell structure, has confirmed basement conductors in
areas where previous VTEM surveys (see Figure 2) were hampered because
of conductive overburden. CanAlaska has assembled a large land
position, north and north-west of the new discoveries by Areva and UEX,
and west and south of the historic Cluff Lake uranium mines, located
within the basement uplift.
CanAlaska President Peter Dasler comments: 'Exploration for mineral
deposits in the Athabasca Basin has benefited greatly from recent
advances in geophysical techniques. The two projects surveyed this
summer are located near significant uranium deposits in the Athabasca
Basin, and the results from the current ZTEM survey have generated very
strong targets for further exploration.'
Mr. Peter Dasler, P. Geo., is the qualified technical person responsible
for this news release.
In other matters the Company has recently completed the sale of its
historic Zeballos project, and is reviewing the exploration results
from mapping and sampling work carried out in the first quarter on its
wholly owned gold project in the Reefton Goldfield in New Zealand.
Compilation work is continuing on the Fond Du Lac project, following
the winter drill program, and surface geophysical surveys are near
completion at the West McArthur project in the Athabasca Basin.
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX, CVVUF -- OTCBB, DH7 -- Frankfurt) is undertaking uranium exploration in twenty one uranium projects in
Canada's Athabasca Basin -- the 'Saudi Arabia of Uranium'. 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). To-date, CanAlaska has expended
over Cdn$75 million exploring its properties and has delineated
multiple uranium targets.
For more information visit www.canalaska.com
On behalf of the Board of Directors
(signed)
Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
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.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/25/c7186.html
Emil Fung, Director & V.P. - Corp. Dev.
Tel: 1.604.688.3211 x318
Email: info@canalaska.com