CanAlaska begins drilling at Manibridge Nickel First holes to target 400 metre (quarter mile) long zone; high-grade nickel in historical drillholes
CanAlaska begins drilling at Manibridge Nickel
First holes to target 400 metre (quarter mile) long zone; high-grade nickel in
historical drillholes
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2019) -
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQB:
CVVUF
) (FSE:
DH7N
)
("CanAlaska" or the "Company") reports that drill testing of the Manibridge high-grade nickel zone, in
the Thompson Nickel Belt ("TNB") Manitoba, has begun.
As previously reported on 14 January 2019, the 400 metre long Manibridge high-grade nickel zone shows a significant
concentration of nickel within a broad fold structure that appears to extend to depth. This high-grade zone of nickel mineralization
lies within a 1,200 metre long zone of semi-continuous, high-tenor nickel mineralization. This zone extends north from the past-
producing Manibridge nickel mine.
The objectives of the 1,100 metre drilling program will be to test the nickel mineralization grade, thickness, continuity and
geological controls, and to test a newly identified geophysical target. Two of the best historical intersections from this 400 metre
zone were 12.1 metres of 1.46% Ni in hole W50-130 and 2.6 metres of 3.05% Ni, in hole W50-124. The planned drilling area is
shown on the accompanying figure. Further data is available on the Company's website
www.canalaska.com
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2864/42645_d8c4881ad4051bf0_001full.jpg
CanAlaska President Peter Dasler comments, "We have a series of projects underway for 2019. The Manibridge project has
already generated significant third-party interest, and as a Project Generator we are preparing it for future sale. Our key
objective for 2019 is to significantly extend the West McArthur uranium project discoveries."
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQB:
CVVUF
) (FSE:
DH7N
)
holds interests in approximately 152,000 hectares
(375,000 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 Dr Karl Schimann, P. Geo, CanAlaska director and VP Exploration.
On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc., P.Geo.
President & CEO
CanAlaska Uranium Ltd.
Contacts:
Peter Dasler, President
Tel: +1.604.688.3211
x 138
Email:
Cory Belyk, COO
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
All statements included in this press release that address activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are forward-looking statements.
These forward-looking statements
involve numerous assumptions made by the Company based on its experience, perception of historical trends, current
conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition,
these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the
Company's control.
Readers should not place undue reliance on forward-looking statements.
Except as required by law, the
Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect
the occurrence of future unanticipated events.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/42645