CanAlaska finds uranium mineralization along 2.4 km trend at West Fond Du Lac
16 September 2009 - 8:30PM
PR Newswire (US)
VANCOUVER, Sept. 16 /PRNewswire-FirstCall/ -- CanAlaska Uranium
Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") has carried out a
summer program of surface trench sampling and mapping on the
western portion of the Fond Du Lac project, as well as a separate
drill program on the Fond du Lac mineral deposit. Both areas
contain significant surface, and near surface, uranium
mineralization. For the western target area, the Company is pleased
to report high grades of uranium mineralization obtained from the
first saw-cut representative channel samples from the Adair
Showing. This mineralized zone is located north of the Company's
Helmer Project and within the western portion of its Fond Du Lac
Project, which is situated on the reserve lands of the Fond Du Lac
Denesuline First Nation, (see Fig 1). Figure 1:
http://www.canalaska.com/i/maps/Map_FDL_Sep162009.pdf The main
showing consists of two historical trenches within a gossanous area
on the southeast side of a 3 km swampy topographic low. This linear
trend coincides with a magnetic low on the south side of a sharp
linear magnetic feature. Historical drilling (1953) consisted of 14
holes spread over a length of 2.8 km of this zone. The eight
southern holes covering 1.2 km of this zone intercepted uranium
mineralization underneath the zone and its projected extensions.
The northern four holes are not reported to have significant
mineralization, however recent samples from surface outcrops show a
continuation of the zone in this area, (see Fig 2). There has been
no modern exploration in this area since the 1960's, when the area
was deemed a First Nation reserve. CanAlaska sampling programs in
2008 identified significant mineralization in the area, with values
over 5% U(3)O(8) from grab samples. In summer 2009, the area was
revisited and systematic representative sampling was carried out.
Figure 2: http://www.canalaska.com/i/maps/Map_FDL_Sep162009_1.pdf
Off-scale scintillometer readings across a narrow (5-10cm wide)
mineralized zone define the target for over 35 metres in an area
where old trenches and stripping have exposed bedrock near the
centre of the zone (see Fig 3). Further exposures are intermittent
along the structure, which has been confirmed by drilling. Along
with mapping and prospecting, CanAlaska geologists collected a set
of six representative saw-cut channel samples, each of 50 cm
length, across the fracture fill mineralization. The average
uranium content of these samples is 0.94% U(3)O(8) (18.8 lb/ton
U(3)O). Two of the samples also reported gold grades of 0.7g/t Au,
and two samples contained anomalous platinum mineralization. Sample
values are reported in Table 1. Table 1. - Representative Channel
Samples from 35 metres of Adair Showing, Fond Du Lac Project Grid
Grid Sample Width U(3)O(8) U(3)O(8) Au Pt Pd Sample X Y Location cm
% lb/ton g/t g/t g/t GS069 503 094 35 50 1.42 28.4 0.771 2 2 GS072
506 092 31 50 0.25 5 0.59 2 3 GS071 516 088 21 50 0.1 2 0.719 323
397 GS070 518 086 18 50 1.77 35.4 0.027 26 29 GS068 530 078 4 50
0.63 12.6 0.018 2 14 GS067 532 6075 0 50 1.49 29.8 0.075 2 2 Prior
Drill Holes and Down-hole Radiation Measurements Historical
drilling consisted of 14 drill holes with an average depth of 185
feet (56 metres), along 2.8 km of the zone. A review of (limited)
historical records indicated that at least 5 drill holes (DDH's #
5, 7, 9, 10, and 13) were significantly mineralized with uranium,
based on down-hole probe information. Figure 3:
http://www.canalaska.com/i/maps/Map_FDL_Sep162009_2.pdf DDH # 11 is
lacking probe information, but is reported to intersect garnet
biotite gneiss, with some mafic layers and frequently pyritic. This
drill hole (# 11) was not probed because the hole collapsed near
surface at a 10 foot wide (3 metre) highly sheared and brecciated
zone. DDH # 11 is 204 feet (62 metres) deep and contains four zones
of sheared, brecciated, and hematised chloritic schist, some of
which is graphitic. The core logging for this drill hole is very
similar to that of the mineralised sections in the other drill
holes, but it contains a larger number of schist sections. No
chemical assays are available from the samples from the historical
core, and similarly, the archived drill logs do not contain
radioactivity measurements of the core. However, the historical
records do show that the drill holes were measured by doing point
by point measurements with a probe, up and down the holes,
presumably using a Geiger Muller detector. The radioactivity is
expressed in counts per minute, rather than the current higher
counts per second of a modern scintillometer. CanAlaska's
evaluation of this data is that the probing defines a consistent
mineralized zone. The reported probe measurements from the zones
intercepted down-hole, indicate values of up to 120 times the
normal background radiation. The following table represents these
data, but a direct comparison to current scintillometer readings is
not applicable, because of the non-linear correlation and factoring
required to perform the computation. The best current comparison is
with the assay grades reported here in Table 2, from surface
exposures within the middle of the zone. Table 2. Adair Zone:
Geiger Measurements of Down-hole Radioactivity
-------------------------------------------------------------------------
Width of From To mineralization Peak radiation Drill hole (ft) (ft)
(ft) vs background
-------------------------------------------------------------------------
DDH # 6 121 123 2 9 times
-------------------------------------------------------------------------
DDH # 7 38 40 2 70 times
-------------------------------------------------------------------------
DDH # 7 44 45 1 120 times
-------------------------------------------------------------------------
DDH # 9 175.5 176 0.5 25 times
-------------------------------------------------------------------------
DDH # 9 209 211 2 25 times
-------------------------------------------------------------------------
DDH # 10 45.5 46.6 1 25 times
-------------------------------------------------------------------------
DDH # 13 120 122 2 20 times
-------------------------------------------------------------------------
DDH # 13 169.5 172 2.5 35 times
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The grade and consistency of the mineralized structure provides a
significant target for future exploration efforts. The topographic
low along which the mineralization occurs coincides with a magnetic
low as measured by the recent airborne surveys. This magnetic low
is interpreted as a large shear zone which cuts the basement
stratigraphy at a low angle. The Company is now evaluating early
winter drilling along the zone. CanAlaska is fully-funded for
current operations and is budgeting for extensive fall-winter 2010
exploration programs, financed by its strategic joint venture
partnerships and from current treasury. The Company is presently
awaiting assay results from drill samples from summer exploration
that was undertaken in a separate region of the Fond Du Lac
Project, and from extensive mapping and sampling work at the Poplar
Project, where the company has been working for the past month with
six Chinese-trained geologists from East Resources Inc. The drill
and assay results from these active projects will be provided as
they become available to the Company. All of the prospecting and
drill samples from the Fond Du Lac Project were submitted to Acme
Laboratories Vancouver, an ISO 9001:2000 accredited and qualified
Canadian Laboratory to be analysed for uranium and multi-element
geochemistry by tri-acid digestion and ICP-MS., or to the
Saskatchewan Research Council Geoanalytical Laboratory for a Multi
Element ICP analysis with Aqua Regia digestion. The samples were
collected by CanAlaska field geologists under the supervision of
Dr. Karl Schimann, and were shipped in secure containment to the
laboratories noted above. Peter Dasler, M.Sc., P Geo. is the
qualified technical person responsible for this news release. About
CanAlaska Uranium Ltd. - http://www.canalaska.com/ CANALASKA
URANIUM LTD. (CVV - TSX.V, CVVUF - OTCBB, DH7 - Frankfurt) is
undertaking uranium exploration in twenty 100%-owned and three
optioned 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$55 million
exploring its properties and has delineated multiple uranium
targets. CanAlaska's geological expertise and high exploration
profile has attracted the attention of major international
strategic partners. Among others, Japanese conglomerate Mitsubishi
Corporation has undertaken to provide the Company C$11 mil. in
exploration funding for its West McArthur Project. Exploration of
CanAlaska's Cree East Project is also progressing under a C$19 mil.
joint venture with a consortium of Korean companies led by Hanwha
Corporation, and comprising Korea Electric Power Corp., Korea
Resources Corp. and SK Energy Co, Ltd. Exploration recently
commenced on the Poplar Project with Chinese mining partner East
Resources Inc., comprising a potential 100,000 metres of drill
testing. In addition, Canadian explorer Kodiak Exploration has also
optioned the McTavish Project to advance exploration with the goal
of attaining a 60% project interest earn-in by delineating a
minimum of 35 million pounds U(3)O(8). 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. DATASOURCE: CanAlaska Uranium Ltd. CONTACT:
Emil Fung, Director V.P. - Corp. Dev., Tel: (604) 688-3211, Email:
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