CanAlaska Files 43-101 report for Carswell Project
17 November 2010 - 12:25AM
PR Newswire (Canada)
VANCOUVER, Nov. 16 /CNW/ -- VANCOUVER, Nov. 16 /CNW/ - CanAlaska is
pleased be able to provide its recently commissioned NI 43-101
technical summary report for the Carswell Uranium Project in the
Athabasca Basin, Canada. This report is now available on
SEDAR and EDGAR databases for public viewing. The Carswell 43-101
report was prepared by Sandra Jean Foster Consulting Ltd, of
Saskatoon, Saskatchewan, with geophysical input from Mr. Grant
Nimeck of Living Sky Geophysics Inc. (LSGI). The project comprises
a large area on the western side of the Carswell structure, in the
western Athabasca Basin. In the report, Ms. Foster provides a
description of exploration on the project, and applies the LSGI
interpretation to the regional geology. The report identifies
priority areas where structural disruptions may have the potential
to host economic uranium mineralization. Ms. Foster recommends that
future work include detailed examination of drill core from
historical drill hole SYL-1 and documentation of physical property
data collected from the core to be applied in future geophysical
interpretations. Ground geophysical surveys are also recommended,
including prioritization of EM features and dc-resistivity on
selected target areas. Finally, drill testing is recommended to
identify and delineate any alteration and/or structural features.
The recommended program of exploration on three priority target
areas, is estimated at CAN $15.25 Mil, with Phase 1 and Phase 2
budgets of CAN $ 5.04 Mil and $10.21Mil respectively. President
Peter Dasler states: "The Cluff Lake area historically
produced approximately 64,000,000 lbs of uranium at an average
grade of 0.92% U(3)O(8 )from a series of open pit deposits.
Recent exploration in the Shea Creek area to the south of Cluff
Lake, and located south east of CanAlaska's Carswell project, has
identified multiple zones of high grade uranium mineralization
associated with graphitic conductors and structural offsets, as
well as "perched" uranium mineralization in the overlying
sandstone. CanAlaska's landholdings host multiple
target areas with potential for uranium discovery. This
project and others are currently being presented by CanAlaska to
interested parties for long term funding and Joint Venture. " 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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