CanAlaska Announces: Assays Confirm Nickel Mineralization in Ongoing Phase 2 Summer Drill Program at Manibridge CanAlaska at Mines and Money London "Resourcing Tomorrow" Event From November 29th to December 1st
CanAlaska Announces: Assays Confirm Nickel
Mineralization in Ongoing Phase 2 Summer
Drill Program at Manibridge
CanAlaska at Mines and Money London "Resourcing
Tomorrow" Event From November 29th to December 1st
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2022) -
CanAlaska Uranium Ltd.
(TSXV:
CVV
)
(
OTCQX:
CVVUF
) (FSE:
DH7N
)
("CanAlaska or the "Company") is pleased to
announce that assay results in the first 14 reported holes from the summer 2022 drill program have
confirmed the presence of nickel-copper-cobalt mineralization on the Manibridge project. The ongoing
drill program is focused along the northern extension of the past-producing Manibridge Nickel Mine,
located in the Thompson Nickel Belt, Manitoba, which produced 1.3 million tonnes at an average grade
of 2.55% nickel and 0.27% copper from 1971 to 1977 (Table 1).
Figure 1
– Manibridge Property Location
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2864/146145_picture1.jpg
Highlights from the drill program include:
MNB014, which intersected 0.8% Ni over 20.0 metres, from 268.5 metres, which includes multiple
metre-scale high-grade intervals;
MNB021, which intersected 0.61% Ni over 25.0 metres, from 287.5 metres, which includes 1.42% Ni
over 5.0 metres from 307.5 metres;
MNB 020, which intersected 0.6% Ni over 19.5 m, from 253.5 metres, which includes 1.26% Ni over 4.0
metres from 261.5 metres.
The sulphide mineralization, which contains nickel, copper, and trace cobalt occurs as either
disseminations within the mafic to ultramafic host rocks, remobilizations along foliation and shears, vein-
hosted, net-textured, or brecciated. Sulphide-mineralization from the 2022 summer drilling program is
shallow, with true vertical depth to mineralization ranging from 100 metres to 350 metres below the
surface.
Figure 2
– 2022 Drilling Program Results to Date and Planned Drill Holes
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2864/146145_picture2.jpg
The ongoing drill program is planned for 10,000 metres of diamond drilling in approximately 33 drill
holes. During the first half of the program, operated between June 6 and July 28, 2022, a total of 5,331
metres were completed in 16 drill holes with 3 abandoned drill holes (Table 2).
The completed drill hole
collar locations were within 300 to 600 metres of the historic mine workings. The remaining planned drill
holes will focus within 200 to 350 metres of the historic mine workings. The average planned drill hole
depths are between 225 and 400 metres and all drill holes will be inclined between -45 and -85 degrees.
Figure 2 shows the completed and planned drill hole locations with respect to the historic Manibridge
Mine.
CanAlaska currently holds a 30% interest in the project, with the remaining 70% held by the operator,
Metal Energy Corp. (TSX-V: MERG) who has provided the funding for the drill program.
Assay results for drill holes MNB024 and MNB025 are still pending.
CanAlaska CEO, Cory Belyk, comments,
"As this drilling program continues it is very encouraging to
have nickel mineralization of significant width and grade continue to be intersected. This work is
highlighting the likely untapped potential of the Thompson Nickel Belt to host additional resources of
class 1 nickel mineralization which the world needs in order to help provide clean and affordable
electricity to society. Battery storage will become increasingly important as part of this electrification
and CanAlaska shareholders are well positioned to participate in this nickel market through our
landholdings in Manitoba."
Table 1 - Manibridge Phase 2 Drill Hole Nickel-Copper-Cobalt Assay Results (MNB 007 to
MNB022)
DDH
From
(m)
To
(m)
Interval
(m)
Nickel
(%)
Copper
(%)
Cobalt
(%)
MNB007
152.90
153.90
1.00
0.30
0.00
0.03
155.90
157.90
2.00
0.33
0.00
0.02
167.50
168.50
1.00
0.30
0.00
0.01
171.50
172.50
1.00
0.39
0.01
0.01
174.90
183.90
9.00
0.47
0.03
0.01
233.50
238.70
5.20
0.77
0.03
0.01
includes
235.50
236.50
1.00
1.03
0.06
0.02
241.20
245.10
3.90
0.53
0.02
0.01
Composite Summary
23.10
0.52
0.02
0.01
MNB008
177.50
178.50
1.00
0.35
0.01
0.02
185.50
193.50
8.00
0.39
0.01
0.02
213.00
213.10
0.10
0.32
0.00
0.01
217.00
217.10
0.10
0.40
0.03
0.02
224.50
230.50
6.00
0.69
0.06
0.02
includes
225.50
227.50
2.00
1.33
0.16
0.04
233.00
235.50
2.50
0.35
0.00
0.01
238.50
238.60
0.10
0.82
0.04
0.02
266.50
273.50
7.00
1.05
0.07
0.02
includes
268.50
272.50
4.00
1.52
0.11
0.02
Composite Summary
24.80
0.64
0.04
0.02
MNB009
196.60
207.60
11.00
0.39
0.01
0.01
215.70
215.80
0.10
0.41
0.01
0.02
218.70
218.80
0.10
0.50
0.01
0.02
238.60
238.70
0.10
0.45
0.00
0.08
246.50
248.50
2.00
0.32
0.00
0.01
251.50
252.50
1.00
0.54
0.00
0.04
256.50
257.50
1.00
0.30
0.00
0.01
261.50
268.50
7.00
0.31
0.00
0.01
272.50
274.50
2.00
1.04
0.03
0.02
includes
272.50
273.50
1.00
1.21
0.02
0.02
280.80
290.80
10.00
0.92
0.04
0.01
includes
281.80
282.80
1.00
1.00
0.06
0.02
and includes
285.80
290.80
5.00
1.06
0.04
0.02
Composite Summary
34.30
0.56
0.02
0.01
MNB010
245.80
245.90
0.10
0.35
0.03
0.02
254.10
254.20
0.10
0.39
0.01
0.01
256.00
256.10
0.10
0.48
0.03
0.02
265.50
267.50
2.00
0.35
0.02
0.01
274.50
282.00
7.50
0.60
0.04
0.02
includes
277.50
278.50
1.00
1.00
0.07
0.04
288.50
292.50
4.00
0.30
0.00
0.01
302.50
314.50
12.00
0.72
0.02
0.01
includes
305.50
310.50
5.00
1.06
0.03
0.02
322.00
324.50
2.50
0.40
0.01
0.01
328.60
328.70
0.10
0.51
0.01
0.01
Composite Summary
28.40
0.57
0.02
0.01
MNB011
219.90
220.90
1.00
0.67
0.02
0.03
246.80
246.90
0.10
0.31
0.00
0.01
286.90
287.00
0.10
0.44
0.01
0.02
308.50
311.50
3.00
0.42
0.01
0.01
317.50
325.50
8.00
0.53
0.01
0.01
335.50
336.00
0.50
0.45
0.06
0.02
347.80
348.20
0.40
1.72
0.09
0.03
Composite Summary
13.10
0.55
0.02
0.01
MNB013
155.50
160.50
5.00
0.47
0.00
0.04
includes
157.50
158.50
1.00
1.12
0.01
0.15
167.50
172.50
5.00
0.31
0.00
0.01
175.50
178.00
2.50
0.58
0.04
0.02
200.50
209.50
9.00
0.48
0.01
0.01
213.00
214.50
1.50
0.32
0.00
0.01
217.50
219.50
2.00
0.39
0.00
0.01
225.50
230.50
5.00
0.86
0.05
0.01
includes
225.50
226.00
0.50
1.05
0.05
0.02
and includes
227.50
228.50
1.00
1.38
0.11
0.02
241.50
243.50
2.00
0.82
0.01
0.02
includes
242.50
243.50
1.00
1.02
0.02
0.02
Composite Summary
32.00
0.53
0.01
0.02
MNB014
172.40
172.50
0.10
0.35
0.00
0.02
174.80
174.90
0.10
0.34
0.00
0.01
183.10
183.50
0.40
0.95
0.15
0.03
206.50
207.50
1.00
0.30
0.00
0.01
212.50
218.50
6.00
0.44
0.01
0.01
227.50
230.50
3.00
0.36
0.00
0.01
233.50
236.50
3.00
0.32
0.00
0.01
242.50
243.50
1.00
0.31
0.00
0.01
249.00
257.60
8.60
0.53
0.02
0.01
265.20
266.00
0.80
0.55
0.01
0.02
268.50
288.50
20.00
0.80
0.04
0.02
includes
269.50
270.50
1.00
1.04
0.04
0.02
and includes
275.50
277.50
2.00
1.46
0.10
0.02
and includes
286.50
287.50
1.00
1.59
0.11
0.03
Composite Summary
44.00
0.61
0.03
0.01
MNB015
187.00
187.10
0.10
0.52
0.02
0.02
187.80
187.90
0.10
0.40
0.00
0.01
203.50
207.50
4.00
0.59
0.09
0.02
237.80
237.90
0.10
0.39
0.02
0.02
238.90
239.00
0.10
0.62
0.03
0.02
243.20
243.30
0.10
0.38
0.01
0.01
255.50
263.50
8.00
0.31
0.01
0.01
267.50
277.50
10.00
0.33
0.00
0.01
281.90
288.50
6.60
0.30
0.00
0.01
293.50
294.50
1.00
0.31
0.00
0.00
303.10
304.00
0.90
0.30
0.00
0.01
312.20
319.50
7.30
0.31
0.00
0.01
323.50
327.50
4.00
0.40
0.02
0.01
Composite Summary
42.30
0.35
0.01
0.01
MNB017
185.60
185.70
0.10
0.36
0.01
0.01
186.80
186.90
0.10
0.34
0.01
0.01
208.70
208.80
0.10
0.66
0.09
0.02
211.70
211.90
0.20
0.34
0.01
0.01
220.50
221.50
1.00
0.34
0.00
0.01
227.50
233.50
6.00
0.38
0.01
0.01
Composite Summary
7.50
0.38
0.01
0.01
MNB018
169.00
172.00
3.00
1.13
0.05
0.02
includes
169.00
171.00
2.00
1.50
0.05
0.02
209.50
211.50
2.00
0.56
0.02
0.01
214.50
221.00
6.50
0.60
0.02
0.01
includes
217.50
218.50
1.00
1.10
0.05
0.02
240.50
242.50
2.00
0.35
0.00
0.01
250.50
250.70
0.20
0.59
0.00
0.01
253.50
265.00
11.50
0.62
0.02
0.01
includes
253.50
255.50
2.00
1.28
0.08
0.02
Composite Summary
25.20
0.65
0.02
0.01
MNB019
169.50
172.50
3.00
0.30
0.00
0.01
179.50
184.50
5.00
0.47
0.01
0.01
198.50
200.50
2.00
0.39
0.00
0.01
235.20
235.50
0.30
0.51
0.04
0.02
245.00
256.50
11.50
0.68
0.02
0.01
includes
245.50
246.50
1.00
1.36
0.04
0.02
and includes
252.50
253.50
1.00
1.03
0.06
0.02
257.50
257.60
0.10
0.36
0.00
0.01
267.50
267.60
0.10
0.31
0.04
0.01
268.50
268.60
0.10
0.43
0.04
0.02
273.00
277.50
4.50
0.41
0.01
0.01
296.50
312.50
16.00
0.57
0.02
0.01
includes
311.50
312.00
0.50
1.02
0.03
0.02
Composite Summary
42.60
0.54
0.02
0.01
MNB020
154.60
161.50
6.90
0.52
0.03
0.03
includes
154.60
155.50
0.90
1.35
0.24
0.11
169.40
169.50
0.10
0.47
0.00
0.01
171.50
171.60
0.10
0.35
0.03
0.01
217.50
217.60
0.10
0.42
0.03
0.02
219.50
219.60
0.10
0.34
0.01
0.01
222.50
222.60
0.10
0.42
0.05
0.02
230.00
233.50
3.50
0.74
0.01
0.01
242.50
242.60
0.10
0.55
0.01
0.01
246.50
246.60
0.10
0.34
0.01
0.01
253.50
273.00
19.50
0.60
0.02
0.01
includes
261.50
265.50
4.00
1.26
0.06
0.02
Composite Summary
30.60
0.59
0.02
0.01
MNB021
168.50
172.50
4.00
0.42
0.00
0.02
180.50
198.50
18.00
0.35
0.01
0.02
256.50
265.50
9.00
0.48
0.00
0.01
269.50
274.50
5.00
0.74
0.02
0.02
includes
272.50
273.50
1.00
1.15
0.05
0.07
278.50
283.50
5.00
0.32
0.00
0.01
287.50
312.50
25.00
0.61
0.02
0.01
includes
307.50
312.50
5.00
1.42
0.04
0.02
Composite Summary
66.00
0.50
0.01
0.01
MNB022
180.70
180.80
0.10
0.32
0.01
0.02
187.90
188.00
0.10
0.53
0.02
0.03
189.30
189.40
0.10
0.45
0.03
0.01
191.80
191.90
0.10
0.62
0.03
0.02
194.60
194.70
0.10
0.46
0.03
0.01
196.40
196.50
0.10
0.31
0.00
0.01
216.90
217.00
0.10
0.34
0.03
0.02
223.00
239.50
16.50
0.48
0.02
0.01
includes
237.50
239.50
2.00
1.27
0.10
0.02
Composite Summary
17.20
0.48
0.02
0.01
Notes:
Nickel cut-off grade is 0.30% Ni
Nickel cut-off grade for "
includes/ and includes"
is 1.00% Ni
Reported intervals have a maximum of 2 m of internal dilution
Table 2 - Manibridge Phase 2 Drill Hole Collar Information and Results
DDH
Section
Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
(˚North)
Dip
(˚)
EOH
(m)
Notes
MNB007
11 North
510,914
6,062,356
236
295
-45
272.5
MNB008
11 North
510,914
6,062,356
236
295
-59
302.5
MNB009
11 North
510,914
6,062,356
236
295
-67
325
MNB010
11 North
510,914
6,062,356
236
295
-76
350.5
MNB011
11 North
510,914
6,062,356
236
295
-83
377.5
MNB012
10 North
510,871
6,062,333
236
295
-47
120
Abandoned
MNB013
10 North
510,871
6,062,333
236
295
-61
260.25
MNB014
10 North
510,871
6,062,333
236
295
-70
323.5
MNB015
10 North
510,871
6,062,333
236
295
-81
350.5
MNB016
9 North
510,841
6,062,303
236
295
-47
140.5
Abandoned
MNB017
9 North
510,841
6,062,303
236
295
-59
251.5
MNB018
9 North
510,841
6,062,303
236
295
-70
302.5
MNB019
9 North
510,841
6,062,303
236
295
-78
328.5
MNB020
8 North
510,825
6,062,267
236
295
-70
302.5
MNB021
8 North
510,825
6,062,267
236
295
-79
350.5
MNB022
8 North
510,825
6,062,267
236
295
-58
260
MNB023
8 North
510,825
6,062,267
236
295
-46
62.5
Abandoned
MNB024
7 North
510,812
6,062,230
236
295
-75
342
MNB025
7 North
510,812
6,062,230
236
295
-67
308.5
Notes: Easting and Northing units are in metres using NAD83 datum, UTM Zone 14N
Geochemical Sampling Procedures
All drill core samples were shipped to Saskatchewan Research Council Geoanalytical Laboratories
(SRC) in Saskatoon, Saskatchewan in secure containment for preparation, processing, and whole-rock
multi-element analysis by ICP-MS1 using total 4-acid digestion (HF:HNO3:HCl:HClO4). Assay samples
comprise 0.3 - 1.0 metre continuous split-core samples over the nickel-sulphide mineralized intervals.
Point samples comprise an isolated 0.1 m sample to characterize the rock types, alteration, structure,
and potential for mineralization. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada
certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the
sample stream at regular intervals by Metal Energy and the SRC in accordance with Metal Energy's
quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to
verification procedures by qualified persons employed by Metal Energy and CanAlaska prior to
disclosure.
All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not
represent true thicknesses, which have yet to be determined.
Other News
CanAlaska will be attending the Mines and Money London "Resourcing Tomorrow" event from
November 29
th
to December 1
st
. Visit our team and learn more about the Athabasca Basin's most
recent high-grade uranium discovery and our 2023 exploration plans.
Mines and Money London | 29
November - 1 December 2022 | Europe's largest mining investment event
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: H7N) holds interests in approximately
300,000 hectares (750,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of Uranium."
CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is
currently working with Cameco and Denison at two of the Company's properties in the Eastern
Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's
richest uranium district. The Company also holds properties prospective for nickel, copper, gold and
diamonds. For further information visit
www.canalaska.com
.
The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska's Vice
President, Exploration.
On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc.
President
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email:
Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking information