CanAlaska Files 43-101 report for Waterbury Project
11 November 2010 - 10:41AM
PR Newswire (Canada)
VANCOUVER, Nov. 10 /CNW/ -- VANCOUVER, Nov. 10 /CNW/ - CanAlaska is
pleased be able to provide its recently commissioned NI 43-101
technical summary report for the Waterbury Uranium Project in the
Athabasca Basin, Canada. This report is now available on
SEDAR and EDGAR databases for public viewing. The Waterbury
43-101 report was prepared by Mr. Peter Daubeny M.Sc., P.Geo. of
Vancouver BC. In the report, Mr. Daubeny provides a detailed
description of CanAlaska's exploration on the project, its
strategic location in the Cigar Lake-McLean lake area in the
Northeastern Athabasca. Mr. Daubeny's review recommends a
program of drilling on three target areas, at an estimated budget
of Cdn$1.55 Mil. President Peter Dasler states: "The
Waterbury Project hosts a number of areas with potential for
uranium mineralization, well located, and in the vicinity of known
mines. Limited work was carried out historically because of
the older limitations to imaging conductive targets under local
lakes and swamps. The initial surveys carried by CanAlaska,
using modern equipment and ideas showed well defined targets on
land and under lakes. Initial drill testing of the land
targets showed elevated uranium mineralization within the target
zones, which can still stand further definition drilling along
strike and across trend. The strongest target located just
north of the Cigar Lake mine, is associated with an E-W bend in the
magnetic trend, and in the associated conductor target. This
target is covered by water and on two previous occasions was not
drilled only because of logistical reasons." Peter Dasler, M.Sc., P
Geo. is the Qualified Person responsible for this news release. 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 Venture 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. pEmil Fung, Director & V.P. -
Corp. Dev.br/ Tel: +1.604.688.3211 x318br/ Email: a
href="mailto:info@canalaska.com"info@canalaska.com/a/p
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