CanAlaska provides West Athabasca Kimberlite target detail Multiple untested targets, modeling indicates deeper response.
TSX Venture Exchange: CVV
NEWS RELEASE
CanAlaska provides West Athabasca Kimberlite target detail
Multiple untested targets, modeling indicates deeper response.
Vancouver, Canada, January 16, 2017 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB:
CVVUF; Frankfurt: DH7N), is pleased to provide detailed imag ing from the recent West Athabasca
airborne surveys carried out in 2016 under the recentl y terminated option with De Beers. The images of
magnetic anomalies and discussion of models are presented on CanAlaska’s website
http://www.canalaska.com/s/AthabascaDiamondProject.asp?ReportID=740492 along with a description
of deeper modeling of kimberlite targets by consultants Scott Hogg and Associates.
The drill program carried out September 2016 tested seven magnetic targets. At five sites, the drill holes
intercepted magnetic material within the organic ove rburden, which may have explained the anomaly,
however geophysical modeling of various other target s using this information still requires the inclusion
of deeper magnetic bodies to provide a solution to th e measured response from the airborne survey. The
Company is in discussion with outside parties, with the aim to further investigate the kimberlite targets.
Company Management will be at the Vancouver Resource Investment Conference January 22-23
(https://cambridgehouse.com/event/54/vancouver-resource-investment-conference-2017) to discuss this
project, and CanAlaska’s uranium and copper projects, with investors.
During the conference, CanAlaska
President Peter Dasler will be part of a
panel discussing the uranium market and
targeting discovery of mega uranium
deposits in the Eastern Athabasca Basin.
Also on the panel is David Cates,
President of Denison Mines, and Jordan
Trimble, President of Skyharbour
Resources.
The panel is scheduled for Sunday,
January 22 at 2 pm in Workshop 3.
Presentation material will be available to
the first fifty attendees. Thom Calandra of
The Calandra Report Investment
Newsletter http://thomcalandra.com/category/home-middle/free-blog/ will moderate what promises to be
a highly informative discussion of the uranium market and exploration in the Athabasca Basin.
News Release Page 2 Jan 16, 2017
The Company has also granted incentive stock options to certain directors, officers and
consultants of the company to purchase up to an aggregate of 350,000 common shares of the
company pursuant to the company's share option plan. The options are exercisable for a period of
two years at a price of $0.59 cents per share.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in
approximately 500,000 hectares (1 .2 million acres), one of the la rgest land positions in Canada’s
Athabasca Basin region – the "Saudi Arabia of Uraniu m.” CanAlaska’s strategic holdings have attracted
major international mining companies Cameco, Deni son, KORES, and KEPCO. CanAlaska is a project
generator positioned for discovery success in the world’s richest uranium district. For further information
visit www.canalaska.com.
The qualified technical person for this news release is Dr Karl Schimann, P. Geo, VP Exploration, for
CanAlaska.
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: [email protected]
John Gomez
Corporate Development
Tel: +1.604.484.7118
Email: [email protected]
Neither TSX Venture Exchange nor its Regulati on Services Provider (as that term is de fined 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 futu re are forward-looking statements. These forward-looking statements involve numerous
assumptions made by the Company based on its experience, percep tion of historical trends, curr ent conditions, expected future
developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial
News Release Page 3 Jan 16, 2017
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.