CanAlaska Stakes Three New Uranium Properties in Athabasca Basin 74,283 Hectares with multiple targets near existing uranium deposits
CanAlaska Stakes Three New Uranium
Properties in Athabasca Basin
74,283 Hectares with multiple targets near existing uranium
deposits
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2021) -
CanAlaska Uranium Ltd.
(TSXV:
CVV
)
(OTCQB:
CVVUF
) (FSE:
DH7N
)
("CanAlaska" or the "Company") is pleased to
announce that compilation work by the Company's staff has identified uranium potential in three areas of
the western Athabasca Basin and a total of 74,283 hectares have been staked (Figure 1).
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2864/105077_b2df486d14fc0863_001full.jpg
The
Chymko
project (32,603ha) is adjacent to the Virgin River shear zone and a series of potential
shear structures have been identified; a uranium showing is adjacent to one of these structures. The
Taggart
project (28,328ha) is on trend with the Patterson corridor, which host the Triple R and Arrow
deposits with combined reported resources of 472M lbs U
3
O
8
. The
Carswell
project (13,352ha) is
located in proximity to the Shea Creek and Cluff Lake deposits with total combined resources and
production of 135M lbs U
3
O
8
. A major conductive structure has been identified on this property.
Work will continue to identify key targets on each project in preparation for future exploration programs.
CanAlaska CEO, Cory Belyk, comments,
"The addition of these three large project areas in the vicinity
of world-class uranium deposits and districts in the Athabasca Basin is another example of
CanAlaska successfully deploying its project generator model. We look forward to working with new
joint venture partners to move these projects forward."
Other News
The Company has very recently completed drilling on its West McArthur Joint Venture Project in the 42
Zone discovery area, a joint venture with Cameco Corporation. The Company is awaiting results from
433 assay samples and 793 short-wave infrared (SWIR) samples submitted for analysis. The
Company's other joint venture partner, Denison Mines, has just completed drilling on the Moon Lake
South project.
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 Dr. Karl Schimann, Ph.D., P.Geo., CanAlaska's
Senior Exploration Consultant.
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/105077