CanAlaska Commences Airborne Electromagnetic Survey at Hunter Project in Thompson Nickel Belt Company Adds to Strategic Sulphide Nickel Land Package Focused on Tier 1 High-Grade Nickel Discovery
CanAlaska Commences Airborne
Electromagnetic Survey at Hunter Project in
Thompson Nickel Belt
Company Adds to Strategic Sulphide Nickel Land Package
Focused on Tier 1 High-Grade Nickel Discovery
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2022) -
CanAlaska Uranium Ltd. (TSXV:
CVV)
(OTCQB:
CVVUF) (
FSE:
DH7N
)
("CanAlaska" or the "Company") is pleased to announce it has
commenced an airborne Versatile Time Domain Electromagnetic ("VTEM") Survey on it's 100%-owned
Hunter project in the Thompson Nickel Belt (Figure 1). The VTEM Survey consists of 867 line-km's of
airborne surveying across the Hunter project to identify conductive targets within the Ospwagan Group
metasediments which are host to the nearby world-class Thompson nickel deposits (Figure 2).
Figure 1: Hunter Project Location Map
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2864/121937_1114a549642b2b36_001full.jpg
CanAlaska's Hunter project is located 20 km north of Thompson, Manitoba. The project is underlain by
Archean rocks and Ospwagan Group metasediments with ultramafic intrusions. The project area was
explored by a variety of companies from the 1950's to 1970's, which led to the discovery of the MEL
deposit, located immediately to the east of the Hunter project. Modeled conductor targets along the
extensions of host geological horizons that are associated with the MEL deposit trend onto the Hunter
project lands. In addition, historical drill intersections on the property and in the surrounding claims have
high-grade nickel sulfide mineralization associated with the Ospwagan metasediments. Extensive
electromagnetic (UTEM and AMT) and magnetic surveys from 2000-2005 resulted in a number of drill
targets, only some of which were drilled tested by Inco. Based on recent compilation work, the Company
believes that several significant exploration targets exist on the Hunter project and the VTEM survey,
which maps discrete conductive anomalies, will be used in conjunction with the compilation data to
further define and prioritize drill targets. The program is being conducted by Geotech Ltd. of Aurora,
Ontario and is estimated to be completed in mid- to late-May.
Figure 2: VTEM Survey Area Overlain on Geology
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2864/121937_1114a549642b2b36_002full.jpg
Figure 3: North Thompson Nickel Belt MEL Applications
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2864/121937_1114a549642b2b36_003full.jpg
The Company is also pleased to report that it has applied for an additional three Mineral Exploration
Licenses (“MELs”) totaling 25,606 ha of prospective ground to extend it’s North Thompson Nickel Belt
land package (Figure 3). The land application was based on a compilation of VTEM anomalies and a
revised geological map that takes into account the magnetic and electromagnetic geophysical data
along with the historical drilling. Historical drilling within the newly applied MELs intersected Ospwagan
Group metasediments and ultramafics (Thompson Mine Sequence), which are host to many high-grade
nickel deposits in the Thompson Nickel Belt. In addition, a VTEM survey completed in 2008 identified an
abundance of priority anomalies and targets that were never followed up with diamond drilling. Based on
this compilation work, the Company interprets the prospective geological corridor related to the
Thompson Mine Sequence, outlined by the Ospwagan metasediments and ultramafics within
intercalated Archean gneisses, to extend into the Wilson, Strong Extension, and Moak North, MEL
application areas. Work is ongoing to develop targets for future exploration programs.
CanAlaska CEO, Cory Belyk, comments,
"This airborne survey at Hunter is designed to generate drill-
ready targets for future exploration programs and will complement the many drill-ready targets on
CanAlaska's adjacent Strong project. The new MEL applications cover highly prospective lands for
high-grade sulphide nickel discovery in the 5
th
largest nickel belt in the world and near to Vale's
Thompson operations. These projects will provide CanAlaska shareholders with a nickel exploration
portfolio second to none, purposefully designed to take advantage of a carbon-free energy future and
anticipated high nickel demand. CanAlaska is actively seeking joint venture partners to help move
these projects toward discovery."
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) 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., P.Geo.
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
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/121937