CanAlaska reports more Nickel at Manibridge Final results give higher grades and widths of nickel mineralization; Mine purchase provides new data and further nickel targets
CanAlaska reports more Nickel at Manibridge
Final results give higher grades and widths of nickel mineralization; Mine
purchase provides new data and further nickel targets
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2019) -
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQB:
CVVUF
)
(FSE:
DH7N
)
("CanAlaska" or the "Company") is pleased to report final laboratory assays for the high-grade sulphide nickel
mineralization intercepted in the winter drill program at Manibridge, Manitoba.
All four holes on the North Manibridge Zone
returned upgraded assay results and lengths, with high-grade nickel up to 12.06% over 0.95 metre contained within semi-
massive and disseminated sulphide mineralization.
Descriptions of the mineralized intervals were reported in a news release March 7, 2019.
The following table shows the re-assay
data. The drilling intersected nickel mineralization within a broad fold structure, 2.5 kilometres north of the past-producing high-
grade Manibridge nickel mine.
Multiple high-grade nickel assays necessitated re-assay of sections of core from all drill holes,
with the key intercepts as listed in Table 1 below:
Hole ID
From
metres
To
metres
Length
metres
Ni %
Cu %
Co %
19MB01
131.00
132.25
1.25
3.33
0.16
0.04
and
135.55
141.00
5.45
1.05
0.13
0.01
19MB02
128.05
134.60
6.55
2.75
0.13
0.03
including
128.05
129.00
0.95
12.06
0.17
0.12
19MB03
133.83
135.94
2.11
4.52
0.13
0.06
including
133.83
135.31
1.48
6.13
0.15
0.08
and
138.72
143.50
4.78
1.24
0.05
0.02
19MB04
86.60
87.75
1.15
3.30
0.50
0.04
including
87.20
87.75
0.55
6.79
0.56
0.09
Review of mine data:
Mine data indicates and reports that there is potential for other nickel mineralized lenses within the immediate mine area, as well
as within the surrounding property package.
The Manibridge nickel deposit consisted of a high-grade "Zone A" that provided the main ore feed and a lower grade "Zone B".
The Zone A mineralization sits on the hanging wall of the ultramafic and within the upper ultramafic; the Zone B mineralization is
below Zone A and near the center of the ultramafic body. Both zones appear to be lost southwest of the mine shaft. Zone A was
cut-off by a fault below the 6th level of the mine.
The 600 metre long exploration drift to the north on level 5 was to test for another high grade zone that had been intersected from
surface drill hole W50-88. Mineralization in underground drill hole 5-117, which was drilled to the north from the end of the
exploration drift, was also reported as intersecting
3.66 metres @ 3.04% Ni
.
This hole is now correlated to mineralization in
surface hole W50-89 which intersected multiple mineralized zones including
3.0 metres @ 1.17% Ni
,
7.02 metres @ 1.48%
Ni,
and
1.5 metres @ 0.92% Ni
.
The location of this zone is shown in isometric view in Figure 1 and longitudinal section in
Figure 2.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2864/45471_1c3bd48f54ca4aeb_001full.jpg
Figure 2
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2864/45471_1c3bd48f54ca4aeb_002full.jpg
CanAlaska President Peter Dasler comments, "The drill data obtained from the Manibridge mine purchase has given the
Company's consultants confidence that further drilling and modern geophysics will allow the rapid delineation of new nickel
mineralized lenses in the Manibridge mine and to the north where we also received high-grade assays from this past winter
drilling.
It is pleasing to see the increased nickel and cobalt values from the re-assay process."
New Website:
The Company has launched a new mobile friendly website with further uranium and nickel project data, and invites shareholders
to view the latest presentations.
West McArthur Uranium Project:
The West McArthur uranium project drilling will commence June 20 and is expected to continue into early October.
Drilling will
commence in the immediate area of the high-grade uranium intercepts in holes WMA-042 and WMA-042-2, and is targeting
additional mineralization in the structural offsets indicated from previous drilling.
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/45471