CanAlaska to Commence Drill Program at Nisku Target New large geophysical targets to be tested for copper-zinc mineralization
TSX Venture Exchange: CVV
NEWS RELEASE
CanAlaska to Commence Drill Program at Nisku Target
New large geophysical targets to be tested for copper-zinc mineralization
Vancouver, Canada, March 10, 2017 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB:
CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”) is pleased to announce that field
work is underway in preparation for a four hole drill program to commence mid-week at the
Company’s Nisku claims. The Nisku property is located 7 kilometres east of CanAlaska’s North
Ruttan copper-zinc property in the Leaf Rapids area of Northern Manitoba.
The drilling will test a coincident VTEM magnetic and electromagnetic target, which has the
characteristics of a large volcanogenic massive sulphide (VMS) deposit. The target is located
near the past producing Ruttan copper-zinc massive sulphide mine. The Ruttan mine was one
of the largest VMS deposits in Canada. Discovered in 1968, the mine operated from 1973 to
2002, and produced 55 million tonnes at 1.23% copper and 1.41% zinc, from an 82 million
tonne resource. The Company has contracted Cyr Drilling International Ltd. of Winnipeg,
Manitoba for the drilling.
News Release Page 2
March 10, 2017
CanAlaska President Peter Dasler commented, “Ni sku is a very exciting target for us. It is
located within a relatively unexplored greenstone belt in Northern Manitoba, but in an area
which has other VMS deposits. CanAlaska has carried out ground mapping and geophysics on
this target and another larger target immediately north of the Ruttan mine. Our North Ruttan
massive sulphide target has been tested to a depth of 150 metres along a 1.4 kilometre length,
and is now awaiting further infill and deeper drill ing. The Nisku target has a very strong
response at shallow depth (50 metres), and will be tested with the help of funding from the
Government of Manitoba under their MEAP assistance program.”
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 largest land positions in Canada’s
Athabasca Basin region – the "Saudi Arabia of Uranium.” 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 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, event s 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 Comp any 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 s ubstantial 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.